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        <name>PLANET FITNESS MASTER ISSUER LLC</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Carnival Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ALTICE FINANCING S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MURPHY OIL CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE KRAFT HEINZ COMPANY</name>
        <lei>9845007488EC87F5AF14</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AerCap Ireland Capital Designated Activity Company</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AERCAP IRELAND CAPITAL DAC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140XB6P0</cusip>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Consolidated Energy Finance S.A.</name>
        <lei>549300PUNIS0USNSL750</lei>
        <title>CONSOLIDATED ENERGY TERM</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FIRST-CITIZENS BANK &amp; TRUST COMPANY</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>VICI PROPERTIES L.P.</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI PROPERTIES LP</title>
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        <name>TWILIO INC.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWILIO INC</title>
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        <name>NEW FORTRESS ENERGY INC.</name>
        <lei>N/A</lei>
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        <name>Ziggo Bond Company B.V.</name>
        <lei>213800JYI4P7V5QDOG59</lei>
        <title>ZIGGO BOND CO BV</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>ANHEUSER-BUSCH INBEV WORLDWIDE INC.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>ANHEUSER BUSCH INBEV WORLDWIDE INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELECTRONIC ARTS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DANA INCORPORATED</name>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THUNDERBOLT AIRCRAFT LEASE LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSX Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Amdocs Limited</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HESS MIDSTREAM OPERATIONS LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VALERO ENERGY CORPORATION</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FTI CONSULTING, INC.</name>
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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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        <name>CUMMINS INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Matson Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DG Investment Intermediate Holdings 2, Inc</name>
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        <title>CONVERGINT TECH TERM 2LN</title>
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        <name>CSMC COMMERCIAL MORTGAGE TRUST</name>
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        <name>MASTERCARD INCORPORATED.</name>
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        <name>DRYDEN CLO LTD</name>
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        <name>THE J. M. SMUCKER COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LOWE'S COMPANIES, INC.</name>
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        <title>LOWE S COS INC</title>
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        <name>Petroleos Mexicanos</name>
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        <title>PETROLEOS MEXICANOS</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>HCA INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BRANDYWINE OPERATING PARTNERSHIP, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BERKSHIRE HATHAWAY INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>QUEST DIAGNOSTICS INCORPORATED</name>
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        <name>ENTEGRIS, INC.</name>
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        <name>NVIDIA CORPORATION</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
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        <name>THE BOEING COMPANY</name>
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        <title>BOEING CO THE</title>
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        <name>VEEVA SYSTEMS INC.</name>
        <lei>549300YZEXPDB92M2F02</lei>
        <title>VEEVA SYSTEMS INC</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TURNING POINT BRANDS, INC.</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>TURNING POINT BRANDS INC</title>
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        <name>TOPBUILD CORP.</name>
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        <name>BWX TECHNOLOGIES, INC.</name>
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        <name>SYMPHONY CLO, LTD.</name>
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        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
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        <name>CEDAR FUNDING LTD</name>
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        <fairValLevel>2</fairValLevel>
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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>Federal National Mortgage Association</name>
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            <dbtSecRefInstrument>
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        <name>CAESARS ENTERTAINMENT, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>SYMPHONY CLO, LTD.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ATHENAHEALTH GROUP INC.</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>CREDIT SUISSE GROUP FUNDING (GUERNSEY) LIMITED</name>
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        <name>FIRSTENERGY CORP.</name>
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      <invstOrSec>
        <name>HIGHTOWER HOLDING, LLC</name>
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        <name>CHENIERE ENERGY PARTNERS, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HOWMET AEROSPACE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ARES CLO LTD</name>
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        <name>COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>MORGAN STANLEY CAPITAL I TRUST</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <name>WarnerMedia Holdings, Inc.</name>
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        <title>MAGALLANES INC</title>
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        <name>Altice France Holding S.A.</name>
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        <name>MARRIOTT OWNERSHIP RESORTS, INC.</name>
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        <name>HUNTINGTON INGALLS INDUSTRIES, INC.</name>
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        <name>Coterra Energy Inc.</name>
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        <name>ENERGY TRANSFER LP</name>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
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        <title>COMMONWEALTH BANK AUST</title>
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        <name>Owens &amp; Minor, Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>OWENS MINOR INC</title>
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        <name>Federal National Mortgage Association</name>
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        <name>OWENS CORNING</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ARCHES BUYER INC.</name>
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      <invstOrSec>
        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EASTGROUP PROPERTIES, INC.</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <balance>450000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BROADSTREET PARTNERS, INC.</name>
        <lei>549300BS9N54G8DD0R75</lei>
        <title>BROADSTREET PARTNERS INC</title>
        <cusip>11135RAA3</cusip>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54950.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>THE WILLIAMS COMPANIES, INC.</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ACCENTURE PUBLIC LIMITED COMPANY</name>
        <lei>N/A</lei>
        <title>ACCENTURE PLC</title>
        <cusip>G1151C101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ITT HOLDINGS LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>US FOODS, INC.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US FOODS INC</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <title>GOVERNMENT NATIONAL MORTGAGE CORPORATION</title>
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        <name>LIFE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LIFE 2021 BMR MORTGAGE TRUST</title>
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        <issuerCat>CORP</issuerCat>
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        <name>AVANTOR FUNDING, INC.</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>AVANTOR FUNDING INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>AIA Group Limited</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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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>Federal National Mortgage Association</name>
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        <name>BANK OF AMERICA CORPORATION</name>
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        <name>NOVELIS CORPORATION</name>
        <lei>549300G5F3W3B52WYL23</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>Gobierno de la Republica Dominicana</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Credit Suisse Group AG</name>
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        <name>JOHNSON &amp; JOHNSON</name>
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        <name>ORGANON &amp; CO.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PENINSULA PACIFIC ENTERTAINMENT, LLC</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

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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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BROOKFIELD WEC HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HESS MIDSTREAM OPERATIONS LP</name>
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        <name>MADISON PARK FUNDING, LTD.</name>
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        <name>ACRISURE, LLC</name>
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        <name>THE BOEING COMPANY</name>
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        <title>BOEING CO THE</title>
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        <name>FIRST QUANTUM MINERALS LTD.</name>
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        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
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        <name>NEOGEN FOOD SAFETY CORPORATION</name>
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        <name>Federal National Mortgage Association</name>
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        <name>VOYA CLO</name>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUGET ENERGY, INC.</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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      <invstOrSec>
        <name>ARCOSA, INC.</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC</title>
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          <isin value="US039653AA89"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jazz Securities Designated Activity Company</name>
        <lei>6354009DV8VV7K6KOO02</lei>
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          <isin value="US47216FAA57"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
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          <isin value="US3617M76Y95"/>
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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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      <invstOrSec>
        <name>LIFE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LIFE MORTGAGE TRUST US</title>
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        <balance>426000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pike Corporation</name>
        <lei>549300P4EKEP6HK0NC58</lei>
        <title>PIKE CORP</title>
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        <balance>785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>MAXIMUS, INC.</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>MAXIMUS INC</title>
        <cusip>577933104</cusip>
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        <balance>5060.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC</title>
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        <balance>175000.00000000</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>
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          <maturityDt>2044-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>THUNDERBOLT AIRCRAFT LEASE LIMITED</name>
        <lei>N/A</lei>
        <title>TBOLT 2017 A A MTGE</title>
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          <isin value="USG88577AA24"/>
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        <balance>222103.07000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEVON ENERGY CORPORATION</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CORP</title>
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        <balance>26000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE CORPORATION</title>
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          <isin value="US3617GSS913"/>
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        <balance>14280.70600000</balance>
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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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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140J5JM2</cusip>
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          <isin value="US3140J5JM23"/>
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        <balance>34507.13500000</balance>
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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>2043-10-01</maturityDt>
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      <invstOrSec>
        <name>Life Time Inc.</name>
        <lei>N/A</lei>
        <title>LIFE TIME INC</title>
        <cusip>53190FAA3</cusip>
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        <balance>45000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ULTA BEAUTY, INC.</name>
        <lei>529900CIV6HN8M28YM82</lei>
        <title>ULTA BEAUTY INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GOLDEN ENTERTAINMENT, INC.</name>
        <lei>549300P8YYCKQVJ0Y638</lei>
        <title>GOLDEN ENTERTAINMENT INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHENIERE ENERGY PARTNERS, L.P.</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS LP</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PEACHTREE CORNERS FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>PEACHTREE FUNDING TRUST</title>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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>ADOBE INC.</name>
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        <name>BCPE CYCLE MERGER SUB II, INC.</name>
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      <invstOrSec>
        <name>BANK</name>
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        <name>CEDAR FUNDING LTD</name>
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      <invstOrSec>
        <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>NXP Semiconductors N.V.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>LEIDOS HOLDINGS, INC.</name>
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        <name>HOLLY ENERGY PARTNERS, L.P.</name>
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        <name>COCA-COLA CONSOLIDATED, INC.</name>
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        <name>COMCAST CORPORATION</name>
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        <name>THE WILLIAMS COMPANIES, INC.</name>
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        <name>STRATUS STATIC CLO LTD</name>
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        <name>BARCLAYS PLC</name>
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        <name>RADIATE HOLDCO, LLC</name>
        <lei>5493000GQJ5RDX9DNJ71</lei>
        <title>RADIATE HOLDCO LLC RADIATE FINANCE INC</title>
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        <name>LUCALI CLO</name>
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        <name>AASET TRUST</name>
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        <name>ALLY FINANCIAL INC.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALL FINACIAL INC</title>
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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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        <name>EXTRA SPACE STORAGE INC.</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>INTEL CORPORATION</name>
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        <name>DELL INTERNATIONAL L.L.C.</name>
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        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <name>T-MOBILE USA, INC.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T MOBILE USA INC</title>
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        <name>CDW CORPORATION</name>
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        <name>NIKE, INC.</name>
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        <name>Government National Mortgage Association 2</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>THOR INDUSTRIES, INC.</name>
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      <invstOrSec>
        <name>ORACLE CORPORATION</name>
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        <name>Carnival Corporation</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLEN MEDIA, LLC</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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          <couponKind>Fixed</couponKind>
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        <name>KITE REALTY GROUP, L.P.</name>
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        <name>BIO-RAD LABORATORIES, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ENTEGRIS, INC.</name>
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        <name>Prima Capital CDO</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EXTENDED STAY AMERICA TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>TESLA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TYSON FOODS, INC.</name>
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        <name>THE CHEMOURS COMPANY</name>
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        <title>CHEMOURS CO THE</title>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <title>AERCAP IRELAND CAPITAL DAC</title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ONEMAIN FINANCE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Freddie Mac</name>
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        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <name>VISA INC.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC CLASS A</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JBS USA Lux S.A.</name>
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        <name>ROBERT HALF INTERNATIONAL INC.</name>
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        <name>Freddie Mac</name>
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        <name>SEALED AIR CORPORATION</name>
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        <name>Federal National Mortgage Association</name>
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        <name>HUMANA INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COREBRIDGE FINANCIAL, INC.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC</title>
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          <isin value="US21871XAG43"/>
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        <balance>404000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339764.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLIANT HOLDINGS INTERMEDIATE, LLC</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALLIANT HOLD CO ISSUER</title>
        <cusip>01883LAA1</cusip>
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          <isin value="US01883LAA17"/>
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        <balance>941000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>818670.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>ROGERS COMMUNICATIONS IN</title>
        <cusip>775109CC3</cusip>
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          <isin value="US775109CC35"/>
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        <balance>490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423175.27000000</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>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</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>TANGER PROPERTIES LIMITED PARTNERSHIP</name>
        <lei>PQPGJDNFN35EXH363L31</lei>
        <title>TANGER PROPERTIES LP</title>
        <cusip>875484AJ6</cusip>
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          <isin value="US875484AJ66"/>
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        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1995576.00000000</valUSD>
        <pctVal>0.145151576283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RH</name>
        <lei>5493008MTS3OGGMHGK69</lei>
        <title>RH</title>
        <cusip>74967X103</cusip>
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          <isin value="US74967X1037"/>
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        <balance>1569.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386083.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>MAGALLANES INC</title>
        <cusip>55903VAN3</cusip>
        <identifiers>
          <isin value="US55903VAN38"/>
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        <balance>391000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292154.03000000</valUSD>
        <pctVal>0.021250314682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS PARENT, INC.</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS PARENT INC</title>
        <cusip>35909D109</cusip>
        <identifiers>
          <isin value="US35909D1090"/>
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        <balance>1791.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41963.13000000</valUSD>
        <pctVal>0.003052258829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AUTONATION, INC.</name>
        <lei>N/A</lei>
        <title>AUTONATION INC</title>
        <cusip>05329W102</cusip>
        <identifiers>
          <isin value="US05329W1027"/>
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        <balance>5929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>603987.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS</title>
        <cusip>71654QDE9</cusip>
        <identifiers>
          <isin value="US71654QDE98"/>
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        <balance>4780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3215974.44000000</valUSD>
        <pctVal>0.233919309138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</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>COPART, INC.</name>
        <lei>549300KVYX3JWMYEHU61</lei>
        <title>COPART INC</title>
        <cusip>217204106</cusip>
        <identifiers>
          <isin value="US2172041061"/>
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        <balance>5110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>543704.00000000</valUSD>
        <pctVal>0.039547224776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST</title>
        <cusip>81761LAB8</cusip>
        <identifiers>
          <isin value="US81761LAB80"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32600.00000000</valUSD>
        <pctVal>0.002371215822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>INVITATION HOMES OPERATING PARTNERSHIP LP</name>
        <lei>549300147YMUQB3GW319</lei>
        <title>INVITATION HOMES OPERATING PARTNERSHIP LP</title>
        <cusip>46188BAD4</cusip>
        <identifiers>
          <isin value="US46188BAD47"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464061.40000000</valUSD>
        <pctVal>0.033754286332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORP</title>
        <cusip>3133KNAB9</cusip>
        <identifiers>
          <isin value="US3133KNAB91"/>
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        <balance>425484.38200000</balance>
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        <curCd>USD</curCd>
        <valUSD>346400.04000000</valUSD>
        <pctVal>0.025195989443</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE CORPORATION</title>
        <cusip>36178W7C7</cusip>
        <identifiers>
          <isin value="US36178W7C71"/>
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        <balance>9338.64800000</balance>
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        <curCd>USD</curCd>
        <valUSD>8580.67000000</valUSD>
        <pctVal>0.000624129462</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER PARTNERS</title>
        <cusip>29278NAE3</cusip>
        <identifiers>
          <isin value="US29278NAE31"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71573.97000000</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>2048-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>AIMCO CLO LTD</name>
        <lei>N/A</lei>
        <title>AIMCO CLO 11 LTD</title>
        <cusip>00140NAN0</cusip>
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          <isin value="US00140NAN03"/>
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        <balance>523000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>498802.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.87029000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
        <cusip>3133KNXR9</cusip>
        <identifiers>
          <isin value="US3133KNXR96"/>
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        <balance>2427430.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2113931.20000000</valUSD>
        <pctVal>0.153760340791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP</title>
        <cusip>14040HCU7</cusip>
        <identifiers>
          <isin value="US14040HCU77"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>723617.88000000</valUSD>
        <pctVal>0.052633563396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.98500000</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>ABG INTERMEDIATE HOLDINGS 2 LLC</name>
        <lei>54930020NXD0RJB64985</lei>
        <title>ABG INTERMEDIATE HOLDINGS 2 LLC</title>
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        <name>ONEMAIN FINANCE CORP</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NATIONAL STORAGE AFFILIATES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXTENDED STAY AMERICA TRUST</name>
        <lei>N/A</lei>
        <title>EXTENDED STAY AMERICA TRUST</title>
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      <invstOrSec>
        <name>SPROUTS FARMERS MARKET, INC.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Diamond (BC) B.V.</name>
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        <title>DIVERSEY TERM B</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-14</maturityDt>
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        <name>CARGO AIRCRAFT MANAGEMENT, INC</name>
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        <title>CARGO AIRCRAFT MANAGEMAN</title>
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        <name>NRG ENERGY, INC.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>VENTURE GLOBAL CALCASIEU PASS, LLC</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>EQM Midstream Partners, LP</name>
        <lei>549300NELT611CL6XM83</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>MADISON PARK FUNDING, LTD.</name>
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        <name>UNITI GROUP LP</name>
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        <name>MORGAN STANLEY CAPITAL I TRUST</name>
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        <title>MORGAN STANLEY CAPITAL I TRUST 2019 MEAD</title>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <name>OLYMPUS WATER US HOLDING CORPORATION</name>
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      <invstOrSec>
        <name>VALVOLINE INC.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>BWX TECHNOLOGIES, INC.</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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        <name>VERIZON COMMUNICATIONS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>INTOWN MORTGAGE TRUST</name>
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        <name>DUNKIN BRANDS</name>
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        <name>COMSTOCK RESOURCES, INC.</name>
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        <name>ATHENAHEALTH GROUP INC.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>MESQUITE ENERGY INC</name>
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              <title>MESQUITE ENERGY INC</title>
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        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
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        <name>ALBERTSONS COMPANIES, INC.</name>
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        <name>EASTMAN CHEMICAL COMPANY</name>
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        <name>TIME WARNER CABLE, LLC</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>APPLE INC.</name>
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        <name>APPLIED MATERIALS, INC.</name>
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        <name>FOUNDATION BUILDING MATERIALS, INC.</name>
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        <name>SIRIUS XM RADIO INC.</name>
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        <name>Freddie Mac</name>
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        <name>Corporacion Andina de Fomento</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <name>EXTENDED STAY AMERICA TRUST</name>
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        <name>Freddie Mac</name>
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        <name>CMG MEDIA CORPORATION</name>
        <lei>N/A</lei>
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        <name>AT&amp;T INC.</name>
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        <name>THE WILLIAMS COMPANIES, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ORACLE CORPORATION</name>
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        <name>Emirate of Abu Dhabi</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ALLY FINANCIAL INC.</name>
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        <name>MURPHY OIL CORPORATION</name>
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        <name>ASCEND LEARNING, LLC</name>
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        <name>Kontoor Brands, Inc.</name>
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        <name>WEC ENERGY GROUP, INC.</name>
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        <name>CORNING INCORPORATED</name>
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        <name>CATALENT PHARMA SOLUTIONS, INC.</name>
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        <name>NIELSEN FINANCE LLC</name>
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        <name>FIRST QUANTUM MINERALS LTD.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>MINERVA MERGER SUB, INC.</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>AMBIENCE MERGER SUB, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>WarnerMedia Holdings, Inc.</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CISCO SYSTEMS, INC.</name>
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        <name>Freddie Mac</name>
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        <name>HESS CORPORATION</name>
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        <name>PERMIAN RESOURCES OPERATING, LLC</name>
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        <title>COLGATE ENERGY P</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Petroleos Mexicanos</name>
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        <name>TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC</name>
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        <name>HALLIBURTON COMPANY</name>
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        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
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        <name>COREBRIDGE FINANCIAL, INC.</name>
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        <name>SRS DISTRIBUTION INC.</name>
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        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
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        <name>COREBRIDGE FINANCIAL, INC.</name>
        <lei>549300XY1661QCIA7J65</lei>
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          <maturityDt>2029-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140XDS56</cusip>
        <identifiers>
          <isin value="US3140XDS566"/>
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        <balance>532752.63300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>431920.25000000</valUSD>
        <pctVal>0.031416445736</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>GENESIS ENERGY, L.P.</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>GENESIS ENERGY LP FIN</title>
        <cusip>37185LAM4</cusip>
        <identifiers>
          <isin value="US37185LAM46"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223762.50000000</valUSD>
        <pctVal>0.016275741734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063BBU5</cusip>
        <identifiers>
          <isin value="US13063BBU52"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11862.00000000</valUSD>
        <pctVal>0.000862802518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerConditional desc="Provincial" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.35000000</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>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER OPERATING LP</title>
        <cusip>29278NAQ6</cusip>
        <identifiers>
          <isin value="US29278NAQ60"/>
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        <balance>109000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92491.19000000</valUSD>
        <pctVal>0.006727502245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</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>Government National Mortgage Association</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>36196HQJ2</cusip>
        <identifiers>
          <isin value="US36196HQJ22"/>
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        <balance>42511.35900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40553.68000000</valUSD>
        <pctVal>0.002949740113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>WILLIAMS-SONOMA, INC.</name>
        <lei>549300IARG6YWVTZ1I92</lei>
        <title>WILLIAMS SONOMA INC</title>
        <cusip>969904101</cusip>
        <identifiers>
          <isin value="US9699041011"/>
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        <balance>3131.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>368988.35000000</valUSD>
        <pctVal>0.026838988158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUNOCO LP SUNOCO FINANCE CORP</title>
        <cusip>86765LAT4</cusip>
        <identifiers>
          <isin value="US86765LAT44"/>
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        <balance>430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354750.00000000</valUSD>
        <pctVal>0.025803337826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC</title>
        <cusip>02209SAQ6</cusip>
        <identifiers>
          <isin value="US02209SAQ66"/>
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        <balance>191000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134515.38000000</valUSD>
        <pctVal>0.009784202376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
        <cusip>3133ASKH5</cusip>
        <identifiers>
          <isin value="US3133ASKH58"/>
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        <balance>475714.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414229.17000000</valUSD>
        <pctVal>0.030129655281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>3140X7YP8</cusip>
        <identifiers>
          <isin value="US3140X7YP87"/>
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        <balance>52802.72200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46416.41000000</valUSD>
        <pctVal>0.003376175638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>ELP COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>ELP COMMERCIAL MORTGAGE TRUST 2021 ELP</title>
        <cusip>26863LAA2</cusip>
        <identifiers>
          <isin value="USU53277AA48"/>
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        <balance>1469000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1398825.43000000</valUSD>
        <pctVal>0.101745920029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.51871000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC</title>
        <cusip>345397A60</cusip>
        <identifiers>
          <isin value="US345397A605"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51801.42000000</valUSD>
        <pctVal>0.003767863397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENTSPLY SIRONA INC.</name>
        <lei>9NHEHR1SOZCYXDO8HO28</lei>
        <title>DENTSPLY SIRONA INC</title>
        <cusip>24906P109</cusip>
        <identifiers>
          <isin value="US24906P1093"/>
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        <balance>1763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49981.05000000</valUSD>
        <pctVal>0.003635455723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>36179S5M5</cusip>
        <identifiers>
          <isin value="US36179S5M51"/>
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        <balance>28937.04300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27382.47000000</valUSD>
        <pctVal>0.001991710004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>180 MEDICAL, INC.</name>
        <lei>254900ZB648OPWVFVX59</lei>
        <title>180 MEDICAL INC</title>
        <cusip>682357AA6</cusip>
        <identifiers>
          <isin value="US682357AA69"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168500.00000000</valUSD>
        <pctVal>0.012256130863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>3140FPEX3</cusip>
        <identifiers>
          <isin value="US3140FPEX30"/>
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        <balance>44088.71800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43165.22000000</valUSD>
        <pctVal>0.003139694866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MATCH GROUP HOLDINGS II, LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>MATCH GROUP HOLDINGS II LLC</title>
        <cusip>57667JAA0</cusip>
        <identifiers>
          <isin value="US57667JAA07"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>142975.00000000</valUSD>
        <pctVal>0.010399527063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</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>EQM Midstream Partners, LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM MIDSTREAM PARTNERS LP</title>
        <cusip>26885BAM2</cusip>
        <identifiers>
          <isin value="US26885BAM28"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242887.50000000</valUSD>
        <pctVal>0.017666830771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>Federal National Mortgage Association</name>
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        <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>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Mondelez International, Inc.</name>
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        <name>EXELON CORPORATION</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <name>Freddie Mac</name>
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        <name>MERCK &amp; CO., INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ANHEUSER-BUSCH COMPANIES, LLC</name>
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        <name>PINE STREET TRUST I</name>
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        <name>Federal National Mortgage Association</name>
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        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <name>THE KROGER CO.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>STARWOOD PROPERTY TRUST, INC.</name>
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        <name>CITIGROUP INC.</name>
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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
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        <name>VMED O2 UK FINANCING I PLC</name>
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        <name>APACHE CORPORATION</name>
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        <name>ARDAGH PACKAGING FINANCE PLC</name>
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        <name>ALLISON TRANSMISSION HOLDINGS, INC.</name>
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        <name>CHEVRON CORPORATION</name>
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        <name>CREDIT SUISSE GROUP FUNDING (GUERNSEY) LIMITED</name>
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        <name>THE WALT DISNEY COMPANY</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>WALT DISNEY CO THE</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Freddie Mac</name>
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        <title>FEDERAL HOME LOAN MORTGAGE CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METHANEX CORPORATION</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX TRUST</name>
        <lei>N/A</lei>
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        <balance>172000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cooperatieve Rabobank U.A.</name>
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        <title>RABOBANK</title>
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          <isin value="US21684AAC09"/>
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        <balance>530000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-04</maturityDt>
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      <invstOrSec>
        <name>WESTERN MIDSTREAM OPERATING, LP</name>
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        <title>WESTERN GAS PARTNERS LP</title>
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          <isin value="US958254AF13"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVR ENERGY, INC.</name>
        <lei>529900SOYZIXZBTXB558</lei>
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          <isin value="US12662PAB40"/>
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        <valUSD>547525.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICI PROPERTIES L.P.</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI PROPERTIES LP</title>
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        <balance>731000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>672520.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>NORFOLK SOUTHERN CORPORATION</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>NORFOLK SOUTHERN CORP</title>
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        <balance>2227.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE CORPORATION</title>
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          <isin value="US36180M2R76"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>ALPHABET INC.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC CLASS A</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</title>
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        <balance>7200000.00000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>CRESTWOOD MIDSTREAM PARTNERS LP</name>
        <lei>549300VJQPPSEJPBNA66</lei>
        <title>CRESTWOOD MIDSTREAM PARTNERS LP CRESTWOOD MIDST</title>
        <cusip>226373AR9</cusip>
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          <isin value="US226373AR90"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711525.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>GILEAD SCIENCES, INC.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC</title>
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        <name>CORPORATE OFFICE PROPERTIES, L.P.</name>
        <lei>H0TWO5VRNEP6CQAWPX27</lei>
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        <name>APX GROUP, INC.</name>
        <lei>549300OMQVKPRU98OE64</lei>
        <title>APX GROUP INC</title>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-02-15</maturityDt>
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        <name>CLYDESDALE ACQUISITION HOLDINGS, INC.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>CLYDESDALE ACQUISITION</title>
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        <name>BOOZ ALLEN HAMILTON INC.</name>
        <lei>549300D7XCH2480XU542</lei>
        <title>BOOZ ALLEN HAMILTON INC</title>
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        <invCountry>US</invCountry>

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          <maturityDt>2029-07-01</maturityDt>
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        <name>HOLOGIC, INC.</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>HOLOGIC INC</title>
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        <balance>400000.00000000</balance>
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        <valUSD>367000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>BLACKBIRD CAPITAL AIRCRAFT LEASE SECURITIZATION LIMITED</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>RELIANCE STEEL &amp; ALUMINUM CO.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <title>AERCAP IRELAND CAP</title>
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          <isin value="US00774MAK18"/>
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        <balance>320000.00000000</balance>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ICAHN ENTERPRISES L.P.</name>
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        <title>ICAHN ENTERPRISES FIN</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
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          <isin value="US05610HAE36"/>
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        <balance>393140.33000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</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="US36179SB976"/>
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        <balance>52279.69700000</balance>
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        <curCd>USD</curCd>
        <valUSD>49555.36000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC COMMON</title>
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          <isin value="US55354G1004"/>
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        <balance>1659.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRUNSWICK CORPORATION</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>BRUNSWICK CORP DE</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DELEK LOGISTICS PARTNERS, LP</name>
        <lei>549300UVYITDIU51P724</lei>
        <title>DELEK LOGISTICS PARTNERS LP</title>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 18 SITE A</title>
        <cusip>12690CAA1</cusip>
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        <balance>205000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-15</maturityDt>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALTICE USA, INC.</name>
        <lei>54930064K3612MGCER95</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>KENNEDY-WILSON, INC.</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
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        <invCountry>US</invCountry>

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        <name>T-MOBILE USA, INC.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T MOBILE USA INC</title>
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        <balance>56000.00000000</balance>
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        <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>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <balance>601549.77700000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CROWN CASTLE INC.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC</title>
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        <balance>2700.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAESARS ENTERTAINMENT, INC.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>COLT MERGER SUB INC</title>
        <cusip>28470RAK8</cusip>
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          <isin value="US28470RAK86"/>
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        <balance>550000.00000000</balance>
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        <name>BUILDERS FIRSTSOURCE, INC.</name>
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        <name>GODADDY INC.</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>AT&amp;T INC.</name>
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        <name>MESQUITE ENERGY INC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>SYNCHRONY FINANCIAL</name>
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        <name>Federal National Mortgage Association</name>
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        <name>GLOBAL INFRASTRUCTURE SOLUTIONS INC.</name>
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        <name>ZEBRA TECHNOLOGIES CORPORATION</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>MAGNETITE CLO, LIMITED</name>
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        <name>FLATIRON CLO LTD</name>
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        <name>T-MOBILE USA, INC.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T MOBILE USA INC</title>
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      <invstOrSec>
        <name>MELCO RESORTS FINANCE LIMITED</name>
        <lei>N/A</lei>
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          <isin value="US58547DAD12"/>
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        <curCd>USD</curCd>
        <valUSD>24550.00000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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          <isin value="US01F0426A65"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1071210.94000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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          <isin value="US02209S1033"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <balance>3840000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165800.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-04-22</maturityDt>
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        <name>PG&amp;E CORPORATION</name>
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        <assetCat>EP</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ANHEUSER-BUSCH INBEV WORLDWIDE INC.</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>AFFINITY INTERACTIVE</name>
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        <title>AFFINITY GAMING</title>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12300.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BROWN &amp; BROWN, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>REAL HERO MERGER SUB 2, INC.</name>
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        <name>SOTERA HEALTH COMPANY</name>
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        <name>PFIZER INC.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>ROBLOX CORPORATION</name>
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        <name>BOMBARDIER INC.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>AUTOMATIC DATA PROCESSING, INC.</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>Olin Corporation</name>
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        <name>State of California</name>
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        <name>Republica Argentina</name>
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        <name>ENABLE MIDSTREAM PARTNERS, LP</name>
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        <name>EATON VANCE CLO LTD</name>
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        <name>Federal National Mortgage Association</name>
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        <name>INTEGRA LIFESCIENCES HOLDINGS CORPORATION</name>
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        <name>LOCKHEED MARTIN CORPORATION</name>
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        <name>CASTLELAKE AIRCRAFT SECURITIZATION TRUST</name>
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      <invstOrSec>
        <name>SREIT COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOWE'S COMPANIES, INC.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PEACE PARK CLO</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>GRAPHIC PACKAGING INTERNATIONAL, LLC</name>
        <lei>SO75N4VY5NXGQSK8YQ65</lei>
        <title>GRAPHIC PACKAGING INTERN</title>
        <cusip>38869AAD9</cusip>
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          <isin value="US38869AAD90"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54112.50000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140QCB39</cusip>
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          <isin value="US3140QCB394"/>
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        <balance>40308.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36786.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP</name>
        <lei>549300PUNBPJCGT6X741</lei>
        <title>SUN COMMUNITIES OPERATING LP</title>
        <cusip>866677AE7</cusip>
        <identifiers>
          <isin value="US866677AE75"/>
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        <balance>272000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204739.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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        <name>NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ECON SER A</title>
        <cusip>645913AA2</cusip>
        <identifiers>
          <isin value="US645913AA22"/>
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        <balance>339000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363930.06000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.42500000</annualizedRt>
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      <invstOrSec>
        <name>PLANET FITNESS MASTER ISSUER LLC</name>
        <lei>N/A</lei>
        <title>PLANET FITNESS MASTER ISSUER LLC</title>
        <cusip>72703PAE3</cusip>
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          <isin value="US72703PAE34"/>
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        <balance>553220.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447873.47000000</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>2051-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00800000</annualizedRt>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER PARTNERS</title>
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          <isin value="US29278NAF06"/>
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        <balance>2229000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>VISTAJET MALTA FINANCE P.L.C.</name>
        <lei>5299001UK94VGT0CPQ36</lei>
        <title>VISTAJET MALTA FINANCE PLC</title>
        <cusip>92840JAD1</cusip>
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        <balance>240000.00000000</balance>
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        <valUSD>212400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CAESARS ENTERTAINMENT, INC.</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>MILOS CLO, LTD</name>
        <lei>N/A</lei>
        <title>MILOS CLO LTD</title>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NUFARM AUSTRALIA LIMITED</name>
        <lei>254900Z2JJWSZ7WQM263</lei>
        <title>NUFARM AUSTRALIA LTD NUFARM AMERICAS INC</title>
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        <curCd>USD</curCd>
        <valUSD>415000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Rogers Communications Inc.</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>ROGERS COMMUNICATIONS IN</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>GRAFTECH FINANCE INC.</name>
        <lei>1Z010BU876CF2HDBIN43</lei>
        <title>GRAFTECH FINANCE INC</title>
        <cusip>384311AA4</cusip>
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          <isin value="US384311AA42"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U S TREASURY NOTE</title>
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        <balance>23500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21719140.63000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALASKA AIR GROUP, INC.</name>
        <lei>529900G48RT4KWLC6C27</lei>
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        <cusip>011659109</cusip>
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          <isin value="US0116591092"/>
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        <balance>11875.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464906.25000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORECIVIC, INC.</name>
        <lei>529900JFA3K6PTLT8B15</lei>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9950.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS, INC.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS COMMUNITY HEALTH SYSTEMS INC</title>
        <cusip>12543DBG4</cusip>
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          <isin value="US12543DBG43"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196987.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>45306.90000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schlumberger N.V.</name>
        <lei>213800ZUA17OK3QLGM62</lei>
        <title>SCHLUMBERGER LTD</title>
        <cusip>806857108</cusip>
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          <isin value="AN8068571086"/>
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        <balance>35088.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1259659.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS/COMMUNITY HEALTH SYSTEMS, INC.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS COMMUNITY HEALTH SYS</title>
        <cusip>12543DBC3</cusip>
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          <isin value="US12543DBC39"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524837.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILLIPS 66</name>
        <lei>5493005JBO5YSIGK1814</lei>
        <title>PHILLIPS 66</title>
        <cusip>718546104</cusip>
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          <isin value="US7185461040"/>
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        <balance>12565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1014246.80000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOWE'S COMPANIES, INC.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE S COS INC</title>
        <cusip>548661EG8</cusip>
        <identifiers>
          <isin value="US548661EG89"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74203.28000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U S TREASURY BOND</title>
        <cusip>912810TA6</cusip>
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          <isin value="US912810TA60"/>
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        <balance>32428000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>SALESFORCE, INC.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC</title>
        <cusip>79466L302</cusip>
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        <balance>11784.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO COMPANY</title>
        <cusip>95000U2L6</cusip>
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        <balance>2645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2405037.67000000</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>2031-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORP</title>
        <cusip>3128P8EK3</cusip>
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          <isin value="US3128P8EK37"/>
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        <curCd>USD</curCd>
        <valUSD>375804.37000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CENTENE CORPORATION</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP</title>
        <cusip>15135BAR2</cusip>
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          <isin value="US15135BAR24"/>
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        <balance>3765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3416737.50000000</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>
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      <invstOrSec>
        <name>INVESCO CLO LTD</name>
        <lei>N/A</lei>
        <title>INVESCO CLO LTD</title>
        <cusip>46146JAA4</cusip>
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          <isin value="USG6450JAA19"/>
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        <balance>556000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527257.02000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>VLS COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>VLS COMMERCIAL MORTGAGE TRUST</title>
        <cusip>92858TAA4</cusip>
        <identifiers>
          <isin value="USU92371AA82"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220432.19000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2042-10-10</maturityDt>
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        <name>CHENIERE ENERGY, INC.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>CHENIERE ENERGY INC</title>
        <cusip>16411R208</cusip>
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          <isin value="US16411R2085"/>
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        <balance>816.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135382.56000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI INTERNATIONAL BOND</title>
        <cusip>80413TAT6</cusip>
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          <isin value="US80413TAT60"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178947.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-22</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORPORATION</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP</title>
        <cusip>88033GCX6</cusip>
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          <isin value="US88033GCX60"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>553125.00000000</valUSD>
        <pctVal>0.040232477055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOXER PARENT COMPANY INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-02</maturityDt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-10</maturityDt>
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      <invstOrSec>
        <name>CHC COMMERCIAL MORTGAGE SECURITIES INC</name>
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          <isin value="USU1R18QAA66"/>
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        <curCd>USD</curCd>
        <valUSD>395773.42000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
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      <invstOrSec>
        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>MAGALLANES INC</title>
        <cusip>55903VAE3</cusip>
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          <isin value="US55903VAE39"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251107.38000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-15</maturityDt>
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          <annualizedRt>3.63800000</annualizedRt>
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      <invstOrSec>
        <name>Healthcare Realty Holdings, L.P.</name>
        <lei>549300IYGAS4GE6VDL07</lei>
        <title>HEALTHCARE TRUST OF AMER</title>
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        <curCd>USD</curCd>
        <valUSD>51692.07000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>TENET HEALTHCARE CORPORATION</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP</title>
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          <isin value="US88033GDL14"/>
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        <balance>295000.00000000</balance>
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        <valUSD>243375.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E CORPORATION</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG E CORP</title>
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        <balance>311000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267460.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>VALVOLINE INC.</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>VALVOLINE INC</title>
        <cusip>92047WAD3</cusip>
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          <isin value="US92047WAD39"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23687.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>MAGALLANES INC</title>
        <cusip>55903VAG8</cusip>
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          <isin value="US55903VAG86"/>
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        <balance>519000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465067.60000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>3.75500000</annualizedRt>
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        <name>TARGA RESOURCES PARTNERS LP</name>
        <lei>6OQWTZ1SPC04IFT4T704</lei>
        <title>TARGA RESOURCES PARTNERS</title>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SANCHEZ ENERGY CORP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
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      <invstOrSec>
        <name>LUMEN TECHNOLOGIES, INC.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>CENTURYLINK INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UNITED THERAPEUTICS CORPORATION</name>
        <lei>5299005C4HZL4UWROC14</lei>
        <title>UNITED THERAPEUTICS CORP</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS</title>
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        <balance>336000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AGILENT TECHNOLOGIES, INC.</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>AGILENT TECHNOLOGIES INC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC</title>
        <cusip>06738EAN5</cusip>
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        <balance>585000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Alcoa Nederland Holding B.V.</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>ALCOA NEDERLAND HOLDING BV</title>
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        <balance>45000.00000000</balance>
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        <valUSD>37743.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RADIATE HOLDCO, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <name>ATI Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EXPEDIA GROUP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>STATION CASINOS LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JBS USA Lux S.A.</name>
        <lei>P77IMDGVZE8EFBTF2M92</lei>
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        <name>ELI LILLY AND COMPANY</name>
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        <name>CIM RETAIL PORTFOLIO TRUST</name>
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        <name>COSTCO WHOLESALE CORPORATION</name>
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        <name>THE CHEMOURS COMPANY</name>
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        <name>BX TRUST</name>
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        <name>MORGAN STANLEY</name>
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        <name>COBRA ACQUISITIONCO LLC</name>
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        <name>EMERGENT BIOSOLUTIONS INC.</name>
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        <name>Enbridge Inc.</name>
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        <name>Xcel Energy Inc.</name>
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        <name>Coherent Corp.</name>
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        <name>CASTLELAKE AIRCRAFT SECURITIZATION TRUST</name>
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        <name>Blackstone Private Credit Fund</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>AIRBNB, INC.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>Gobierno de la Republica Dominicana</name>
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      <invstOrSec>
        <name>UBS Group AG</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>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN WATER WORKS COMPANY, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL NET LEASE, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BOISE CASCADE COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VIKING CRUISES LTD</name>
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        <invCountry>BM</invCountry>

        <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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SREIT COMMERCIAL MORTGAGE TRUST</name>
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        <name>NETFLIX, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <name>SERVICE PROPERTIES TRUST</name>
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        <title>SERVICE PROPERTIES TRUST</title>
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        <name>ABBOTT LABORATORIES</name>
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        <name>Government National Mortgage Association</name>
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        <name>AMETEK, INC.</name>
        <lei>549300WZDEF9KKE40E98</lei>
        <title>AMETEK INC W I</title>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYNCHRONY FINANCIAL</title>
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        <name>HOST HOTELS &amp; RESORTS, INC.</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>HOST HOTELS RESORTS INC</title>
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        <name>WOLVERINE WORLD WIDE, INC.</name>
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      <invstOrSec>
        <name>CNX RESOURCES CORPORATION</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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          <maturityDt>2052-10-25</maturityDt>
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      <invstOrSec>
        <name>CABLEVISION LIGHTPATH CT LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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        <name>Freddie Mac</name>
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        <curCd>USD</curCd>
        <valUSD>141938.00000000</valUSD>
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        <name>YUM! Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TALLGRASS ENERGY PARTNERS, LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CLECO CORPORATE HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>W. R. GRACE HOLDINGS LLC</name>
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        <name>Elastic N.V.</name>
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        <name>DRYDEN CLO LTD</name>
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        <name>ROCKWELL AUTOMATION, INC.</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
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        <name>CSC HOLDINGS, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <name>Freddie Mac</name>
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        <name>CONTINENTAL RESOURCES, INC.</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
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        <name>The State of Qatar</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>STATE OF QATAR</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>TOPBUILD CORP.</name>
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        <name>Freddie Mac</name>
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        <name>TELECOM ITALIA CAPITAL S.A.</name>
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        <name>TARGA RESOURCES PARTNERS LP</name>
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        <name>THE AES CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHES BUYER INC.</name>
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        <name>Olin Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM UK HOLDINGS PLC</name>
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        <name>ELEVANCE HEALTH, INC.</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>Freddie Mac</name>
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        <name>Sensata Technologies B.V.</name>
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        <name>PENTAIR PUBLIC LIMITED COMPANY</name>
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        <name>ILLINOIS ST</name>
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        <name>ADVANCED DRAINAGE SYSTEMS, INC.</name>
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        <name>THE BOEING COMPANY</name>
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        <name>COMM MORTGAGE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <name>DAVITA INC.</name>
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        <name>VIATRIS INC.</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>MOOG INC.</name>
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        <name>JONES LANG LASALLE INCORPORATED</name>
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        <name>Freddie Mac</name>
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        <name>SIRIUS XM RADIO INC.</name>
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        <name>HUB INTERNATIONAL LIMITED</name>
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        <name>BARINGS CLO LTD</name>
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        <name>REALTY INCOME CORPORATION</name>
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        <name>MOOG INC.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</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>EBAY INC.</name>
        <lei>OML71K8X303XQONU6T67</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MPLX LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Glatfelter Corporation</name>
        <lei>549300LDQLQBT38QDY28</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BATH &amp; BODY WORKS, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CRESTWOOD MIDSTREAM PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMSCOPE, INC.</name>
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        <name>FOX CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APACHE CORPORATION</name>
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        <name>DAVITA INC.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DAVITA INC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Pepsico, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <assetCat>EC</assetCat>
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        <name>CORPORATE OFFICE PROPERTIES, L.P.</name>
        <lei>H0TWO5VRNEP6CQAWPX27</lei>
        <title>CORPORATE OFFICE PROPERTIES LP</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CCO HOLDINGS, LLC</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC CAP CORP</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EOG RESOURCES, INC.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELEFLEX INCORPORATED</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
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        <balance>2360.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MERCER INTERNATIONAL INC.</name>
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          <isin value="US588056BB60"/>
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        <balance>45000.00000000</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>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140L82H2</cusip>
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          <isin value="US3140L82H20"/>
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        <balance>4299128.12700000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AUTONATION, INC.</name>
        <lei>N/A</lei>
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        <cusip>05329WAQ5</cusip>
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          <isin value="US05329WAQ50"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28159.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GARTNER, INC.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
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        <balance>205.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEGENDS HOSPITALITY HOLDING COMPANY, LLC</name>
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          <isin value="US52473NAA63"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HCA HEALTHCARE, INC.</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA HEALTHCARE INC</title>
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          <isin value="US40412C1018"/>
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        <balance>1481.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272192.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER PARTNERS</title>
        <cusip>29278NAC7</cusip>
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          <isin value="US29278NAC74"/>
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        <balance>67000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66232.85000000</valUSD>
        <pctVal>0.004817557727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140QMAB0</cusip>
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          <isin value="US3140QMAB06"/>
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        <balance>657065.86900000</balance>
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        <curCd>USD</curCd>
        <valUSD>532556.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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          <isin value="US3132XYDE49"/>
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        <balance>34184.63600000</balance>
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        <curCd>USD</curCd>
        <valUSD>33100.07000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Atlas LuxCo 4 S.a r.l.</name>
        <lei>549300ONXPZT3KQZDR65</lei>
        <title>ATLAS LUXCO 4 SARL ALLIED UNIVERSAL</title>
        <cusip>049362AA4</cusip>
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          <isin value="US049362AA49"/>
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        <balance>22000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16692.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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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="US36178DQZ77"/>
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        <balance>196592.12600000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS</title>
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        <balance>2500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>LOWE'S COMPANIES, INC.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE S COS INC</title>
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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>
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        <name>KINDER MORGAN ENERGY PARTNERS, L.P.</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>KINDER MORGAN ENERGY PARTNERS</title>
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        <balance>97000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140FNLN2</cusip>
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        <balance>209776.56600000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>THUNDERBOLT AIRCRAFT LEASE LIMITED</name>
        <lei>N/A</lei>
        <title>THUNDERBOLT AIRCRAFT LEASE LIMITED</title>
        <cusip>88607AAA7</cusip>
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        <balance>324973.15100000</balance>
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        <curCd>USD</curCd>
        <valUSD>268759.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67100000</annualizedRt>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>BARCLAYS PLC</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Pemerintah Republik Indonesia</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>KBR, INC.</name>
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        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NATIONAL RETAIL PROPERTIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DANAHER CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN TOWER CORPORATION</name>
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        <title>AMERICAN TOWER CORP REIT</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NEXTERA ENERGY OPERATING PARTNERS, LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLEGRO CLO LTD</name>
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        <title>ALLEGRO CLO XIV LTD</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SYSCO CORPORATION</name>
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        <name>JBS USA FOOD COMPANY</name>
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        <name>NGL ENERGY OPERATING LLC</name>
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        <name>SPGN MORTGAGE TRUST</name>
        <lei>N/A</lei>
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        <name>DROPBOX, INC.</name>
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        <name>CNX MIDSTREAM PARTNERS LP</name>
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        <name>Freddie Mac</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ABIOMED, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FRONTIER COMMUNICATIONS HOLDINGS, LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SOUTHWEST AIRLINES CO.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BLACKSTONE MORTGAGE TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VERTIV GROUP CORPORATION</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ALPHABET INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HARLEY-DAVIDSON, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TRANSOCEAN POSEIDON LIMITED</name>
        <lei>N/A</lei>
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          <isin value="US89383JAA60"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <title>AERCAP IRELAND CAP GLOBA</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PARTY CITY HOLDINGS INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>1011778 B.C. UNLIMITED LIABILITY COMPANY</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>CARVANA CO.</name>
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        <title>CARVANA CO</title>
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        <name>HCA INC.</name>
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        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST</title>
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        <name>AIR LEASE CORPORATION</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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        <title>U S TREASURY NOTE</title>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CIM RETAIL PORTFOLIO TRUST</name>
        <lei>N/A</lei>
        <title>CIM RETAIL PORTFOLIO TRUST</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>ANHEUSER-BUSCH INBEV WORLDWIDE INC.</name>
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        <name>EMERSON ELECTRIC CO.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>AHP HEALTH PARTNERS, INC.</name>
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        <name>CASTLELAKE AIRCRAFT SECURITIZATION TRUST</name>
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        <name>FIVE CORNERS FUNDING TRUST II</name>
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        <name>GENERAL MILLS, INC.</name>
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        <name>DELL INTERNATIONAL L.L.C.</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>CONSOLIDATED EDISON, INC.</name>
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        <name>ZAYO GROUP HOLDINGS, INC.</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>FRONT RANGE BIDCO INC</title>
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        <name>CENT CLO LIMITED</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <name>STERICYCLE, INC.</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>PARK AEROSPACE HOLDINGS LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHIPOTLE MEXICAN GRILL, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JACKSON FINANCIAL INC.</name>
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        <name>JANE STREET GROUP, LLC</name>
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        <name>Freddie Mac</name>
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        <name>CEDAR FUNDING LTD</name>
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        <name>SREIT COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>VENTAS REALTY, LIMITED PARTNERSHIP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MATCH GROUP HOLDINGS II, LLC</name>
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        <name>Alabama Power Company</name>
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        <name>SERVICE PROPERTIES TRUST</name>
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        <name>PACIFIC GAS AND ELECTRIC COMPANY</name>
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        <name>ALLY FINANCIAL INC.</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>American Homes 4 Rent, L.P.</name>
        <lei>549300N4PXZ37U8QKI55</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BLACKBIRD CAPITAL AIRCRAFT LEASE SECURITIZATION LIMITED</name>
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        <name>BOOKING HOLDINGS INC.</name>
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        <name>Freddie Mac</name>
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        <name>VONTIER CORPORATION</name>
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        <name>LKQ CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RYAN SPECIALTY GROUP, LLC</name>
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      <invstOrSec>
        <name>SURGERY CENTER HOLDINGS, INC.</name>
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      <invstOrSec>
        <name>EATON VANCE CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WESTERN MIDSTREAM OPERATING, LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEGNA INC.</name>
        <lei>549300YC5EDBGX85AO10</lei>
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          <isin value="US87901JAF21"/>
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        <balance>350000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SERVICE CORPORATION INTERNATIONAL</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTERNATIONAL US</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3133KYU560"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HESS CORPORATION</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ICAHN ENTERPRISES L.P.</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>ICAHN ENTERPRISES FIN</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ARES CLO LTD</name>
        <lei>N/A</lei>
        <title>ARES LV CLO LTD</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ON SEMICONDUCTOR CORPORATION</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON SEMICONDUCTOR CORP</title>
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              <title>ON SEMICONDUCTOR CORPORATION</title>
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        <name>ALBERTSONS COMPANIES, INC.</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ALBERTSONS COS INC SAFEWAY INC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG ENERGY, INC.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED AIRLINES HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE SCOTTS MIRACLE-GRO COMPANY</name>
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          <isin value="US810186AW67"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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          <isin value="US404280CF48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS HOLDINGS, LLC</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS CORP</title>
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          <isin value="US35906ABG22"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37125.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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          <isin value="US3132XYPZ40"/>
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        <curCd>USD</curCd>
        <valUSD>26277.38000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CATALENT PHARMA SOLUTIONS, INC.</name>
        <lei>549300HALRZ339MSTH85</lei>
        <title>CATALENT PHARMA SOLUTIONS</title>
        <cusip>14879EAH1</cusip>
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          <isin value="US14879EAH18"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343206.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICTORS MERGER CORPORATION</name>
        <lei>N/A</lei>
        <title>VICTORS MERGER CORP</title>
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          <isin value="US92641PAA49"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>FIRST FINANCIAL BANKSHARES, INC.</name>
        <lei>549300XN3GTGOENGNV49</lei>
        <title>FIRST FINANCIAL BANKSHARES INC</title>
        <cusip>32020R109</cusip>
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          <isin value="US32020R1095"/>
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        <balance>5253.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUIDELORTHO CORPORATION</name>
        <lei>549300YU8CMO9HF53113</lei>
        <title>QUIDELORTHO CORP</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>01F0126A9</cusip>
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          <isin value="US01F0126A92"/>
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        <balance>1050000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONSOLIDATED COMMUNICATIONS, INC.</name>
        <lei>549300WW675Y48HDVX34</lei>
        <title>CONSOLIDATED COMMUNICATIONS INC</title>
        <cusip>20903XAH6</cusip>
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          <isin value="US20903XAH61"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KAISER ALUMINUM CORPORATION</name>
        <lei>N/A</lei>
        <title>KAISER ALUMINUN CORP</title>
        <cusip>483007AJ9</cusip>
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        <balance>485000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AASET TRUST</name>
        <lei>N/A</lei>
        <title>APOLLO AVIATION SECURITIZATION EQUITY TRUST</title>
        <cusip>00255UAA3</cusip>
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          <isin value="US00255UAA34"/>
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        <balance>134895.73000000</balance>
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        <valUSD>108834.64000000</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>2040-01-16</maturityDt>
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          <annualizedRt>3.35100000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Ireland Capital Designated Activity Company</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AERCAP IRELAND CAP GLOBA</title>
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        <balance>564000.00000000</balance>
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        <valUSD>418847.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
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      <invstOrSec>
        <name>PARSONS CORPORATION</name>
        <lei>549300ZXH0VRBSEPX752</lei>
        <title>PARSON CORP</title>
        <cusip>70202L102</cusip>
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        <balance>26416.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1035507.20000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
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        <balance>4009000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOLINA HEALTHCARE, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <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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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALBERTSONS COMPANIES, INC.</name>
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        <title>ALBERTSONS COS SAFEWAY</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3138WGYW80"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>W.P. CAREY INC.</name>
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          <isin value="US92936UAA79"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BFLD TRUST</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRSTENERGY CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VAIL RESORTS, INC.</name>
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        <fairValLevel>2</fairValLevel>
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              <title>VAIL RESORTS, INC.</title>
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      <invstOrSec>
        <name>APA CORPORATION</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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      <invstOrSec>
        <name>LIFE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LIFE MORTGAGE TRUST US</title>
        <cusip>53218DAA6</cusip>
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      <invstOrSec>
        <name>THE MICHAELS COMPANIES, INC.</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>MAGIC MERGERCO INC</title>
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        <balance>270000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASTE MANAGEMENT, INC.</name>
        <lei>549300YX8JIID70NFS41</lei>
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      <invstOrSec>
        <name>CBRE GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CENT CLO LIMITED</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>THE CHEMOURS COMPANY</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS CO</title>
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          <isin value="US163851AE83"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438600.00000000</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>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140FL2D97"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RENT-A-CENTER, INC.</name>
        <lei>529900QUHE15UQNCCJ63</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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          <isin value="US29278NAH61"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>SBA Communications Corporation</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIONS CORP</title>
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          <isin value="US78410G1040"/>
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        <balance>741.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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="US3132Y4BD37"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SBA TOWER TRUST</name>
        <lei>N/A</lei>
        <title>SBA TOWER TRUST</title>
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          <isin value="US78403DAR17"/>
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        <balance>74000.00000000</balance>
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      <invstOrSec>
        <name>CITIGROUP INC.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>PERFORMANCE FOOD GROUP INC</title>
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      <invstOrSec>
        <name>BARINGS CLO LTD</name>
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        <title>BABSON CLO LTD</title>
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        <name>COLGATE-PALMOLIVE COMPANY</name>
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        <name>DT MIDSTREAM, INC.</name>
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        <name>BROADCOM INC.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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      <invstOrSec>
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        <name>Federal National Mortgage Association</name>
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        <name>GEMS MENASA (CAYMAN) LIMITED</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>BAUSCH HEALTH COMPANIES INC.</name>
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        <title>BAUSCH HEALTH COS INC</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BAKER HUGHES COMPANY</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DISCOVERY COMMUNICATIONS, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>DISCOVERY COMMUNICATIONS</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WESTERN MIDSTREAM OPERATING, LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CIGNA CORPORATION</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</title>
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        <name>Government National Mortgage Association 2</name>
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        <name>Freddie Mac</name>
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        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>ASBURY AUTOMOTIVE GROUP, INC.</name>
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        <name>NAVIOS SOUTH AMERICAN LOGISTICS INC.</name>
        <lei>89450079LEE5QGJRM678</lei>
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        <name>AASET TRUST</name>
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        <title>AASET 2018 1 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>CITIGROUP INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>LUMEN TECHNOLOGIES, INC.</name>
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        <name>UNITED NATURAL FOODS, INC.</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>INTELSAT JACKSON HOLDINGS S.A.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CSMC TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>VICI PROPERTIES L.P.</name>
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        <name>EATON VANCE CLO LTD</name>
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        <name>STIFEL FINANCIAL CORP.</name>
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        <name>DISCOVER FINANCIAL SERVICES</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>DISCOVER FINANCIAL SVS</title>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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        <name>CASH</name>
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        <name>NCL CORPORATION LTD.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
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        <name>TALLGRASS ENERGY PARTNERS, LP</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>CSMC TRUST</name>
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        <name>TK ELEVATOR U.S. NEWCO, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <name>JACOBS ENTERTAINMENT, INC.</name>
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        <name>Republica Argentina</name>
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        <invCountry>AR</invCountry>

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        <name>Government National Mortgage Association 2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORP</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EMCOR GROUP, INC.</name>
        <lei>529900X0SQJB2J7YDU43</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ELANCO ANIMAL HEALTH INCORPORATED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NVR, Inc.</name>
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        <name>ARES CAPITAL CORPORATION.</name>
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        <name>EXELON CORPORATION</name>
        <lei>3SOUA6IRML7435B56G12</lei>
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        <name>BX TRUST</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <name>MADISON IAQ LLC</name>
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        <name>BRANDYWINE OPERATING PARTNERSHIP, L.P.</name>
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        <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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        <name>Petroleos Mexicanos</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
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        <name>MARATHON OIL CORPORATION</name>
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        <name>HCA INC.</name>
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        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
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        <name>CF HIPPOLYTA ISSUER LLC</name>
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        <name>LUMEN TECHNOLOGIES, INC.</name>
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        <name>Reynolds American Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AERCAP IRELAND CAPITAL DAC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER OPERATING</title>
        <cusip>29279FAA7</cusip>
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          <isin value="US29279FAA75"/>
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        <balance>73000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>EXELON CORPORATION</name>
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        <balance>1075000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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      <invstOrSec>
        <name>Open Text Corporation</name>
        <lei>549300HP7ONDQODZJV16</lei>
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          <isin value="US683715AD87"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>THE AES CORPORATION</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES CORP THE</title>
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        <balance>1412000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1204155.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <balance>968000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>908597.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.06300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MADISON PARK FUNDING, LTD.</name>
        <lei>N/A</lei>
        <title>MADISON PARK FUNDING LII LTD</title>
        <cusip>55822BAC9</cusip>
        <identifiers>
          <isin value="USG57032AB35"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>861710.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.85900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3138XCB35</cusip>
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          <isin value="US3138XCB352"/>
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        <balance>256521.09700000</balance>
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        <curCd>USD</curCd>
        <valUSD>251619.33000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HCA INC.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC</title>
        <cusip>404119BR9</cusip>
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          <isin value="US404119BR91"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767325.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>CENTENE CORPORATION</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CENTENE CORP</title>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199675.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U S TREASURY BOND</title>
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        <balance>1605300.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>LCM INVESTMENTS HOLDINGS II, LLC</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM INVESTMENTS HOLDINGS II LLC</title>
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        <balance>55000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <valUSD>395017.37000000</valUSD>
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          <annualizedRt>3.95000000</annualizedRt>
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        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
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        <title>GS MORTGAGE SECURITIES CORP II</title>
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        <valUSD>94149.37000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>KEYSIGHT TECHNOLOGIES, INC.</name>
        <lei>549300GLKVIO8YRCYN02</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SABRA HEALTH CARE LIMITED PARTNERSHIP</name>
        <lei>549300OVKLRFSIQG0H81</lei>
        <title>SABRA HEALTH CARE LP</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BRAND INDUSTRIAL SERVICES, INC.</name>
        <lei>549300B658W2BPDQMW42</lei>
        <title>BRAND INDUSTRIAL SERVICES</title>
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        <balance>845000.00000000</balance>
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        <valUSD>608400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>FRONTIER COMMUNICATIONS HOLDINGS, LLC</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS</title>
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        <balance>145000.00000000</balance>
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        <valUSD>145725.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>ATI Inc.</name>
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        <name>MUELLER WATER PRODUCTS, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TERRAFORM POWER OPERATING, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH DBS Corporation</name>
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        <isRestrictedSec>N</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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        <name>BELLRING BRANDS, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NISOURCE INC.</name>
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        <name>BX TRUST</name>
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        <name>THE TOLEDO HOSPITAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MEG Energy Corp.</name>
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        <name>UNION PACIFIC CORPORATION</name>
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        <name>INCYTE CORPORATION</name>
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        <name>EQT CORPORATION</name>
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        <name>UBER TECHNOLOGIES, INC.</name>
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        <name>NRG ENERGY, INC.</name>
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        <name>EG GLOBAL FINANCE PLC</name>
        <lei>549300TL8Q5207VYET27</lei>
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        <name>BRANDYWINE OPERATING PARTNERSHIP, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Reynolds American Inc.</name>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <name>MAGNETITE CLO, LIMITED</name>
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        <name>ON SEMICONDUCTOR CORPORATION</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</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>CROCS, INC.</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>SILVER AIRCRAFT LEASE INVESTMENT LTD</name>
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        <name>TARGA RESOURCES CORP.</name>
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        <name>PLAINS ALL AMERICAN PIPELINE, L.P.</name>
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        <name>Cerdia Finanz GmbH</name>
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        <name>Freddie Mac</name>
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        <name>LOWE'S COMPANIES, INC.</name>
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        <name>CEDAR FUNDING LTD</name>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIFE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LIFE 2021 BMR MORTGAGE TRUST</title>
        <cusip>53218CAA8</cusip>
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          <isin value="US53218CAA80"/>
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        <balance>280146.50000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HESS CORPORATION</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>VIATRIS INC.</name>
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          <isin value="US92556VAB27"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-22</maturityDt>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <balance>155000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-01-15</maturityDt>
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      <invstOrSec>
        <name>BAYER US FINANCE II LLC</name>
        <lei>529900XWNEXYNJ3X6T40</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U S TREASURY BOND</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY CAPITAL I TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COINBASE GLOBAL, INC.</name>
        <lei>5493004G3J2SC154DU06</lei>
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        <name>Aon plc</name>
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        <invCountry>IE</invCountry>

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        <name>SPGN MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SPGN 2022 TFLM MORTGAGE TRUST</title>
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        <name>INFRABUILD AUSTRALIA PTY LTD</name>
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        <title>INFRABUILD AUSTRALIA PTY LTD</title>
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        <name>Federal National Mortgage Association</name>
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        <name>BOOZ ALLEN HAMILTON HOLDING CORPORATION</name>
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        <name>VISTRA OPERATIONS COMPANY LLC</name>
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        <name>VOYA CLO</name>
        <lei>N/A</lei>
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        <name>AVALONBAY COMMUNITIES, INC.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GOLDEN ENTERTAINMENT, INC.</name>
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        <name>NUCOR CORPORATION</name>
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        <name>Swiss Re Finance (Luxembourg) S.A.</name>
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        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <name>1011778 B.C. UNLIMITED LIABILITY COMPANY</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
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        <name>CAPITAL ONE FINANCIAL CORPORATION</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GRAY TELEVISION, INC.</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <name>MADISON IAQ LLC</name>
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        <name>SIRIUS XM RADIO INC.</name>
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        <name>ALLIANT HOLDINGS INTERMEDIATE, LLC</name>
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        <name>VIATRIS INC.</name>
        <lei>254900ZZTSW7NL773X71</lei>
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        <name>SYNOPSYS, INC.</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
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        <name>EG GLOBAL FINANCE PLC</name>
        <lei>549300TL8Q5207VYET27</lei>
        <title>EG GLOBAL FINANCE PLC</title>
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        <balance>510000.00000000</balance>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ELANCO ANIMAL HEALTH INCORPORATED</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ACUITY BRANDS, INC.</name>
        <lei>N/A</lei>
        <title>ACUITY BRANDS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HOLOGIC, INC.</name>
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        <name>Freddie Mac</name>
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        <name>TEXTRON INC.</name>
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        <name>THE HOME DEPOT, INC.</name>
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        <name>DRYDEN CLO LTD</name>
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        <name>AASET TRUST</name>
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        <name>JBS USA Lux S.A.</name>
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        <name>Freddie Mac</name>
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        <name>GENERAL MOTORS FINANCIAL COMPANY, INC.</name>
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        <name>DUQUESNE LIGHT HOLDINGS, INC.</name>
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        <isRestrictedSec>Y</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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        <name>VICI PROPERTIES L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>NORTHWEST FIBER, LLC</name>
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          <isin value="US667449AC68"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912810TK43"/>
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        <balance>3796700.00000000</balance>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
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      <invstOrSec>
        <name>AIMCO CLO LTD</name>
        <lei>N/A</lei>
        <title>AIMCO</title>
        <cusip>00144GAC5</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-20</maturityDt>
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        <name>AIA Group Limited</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
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        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-07</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
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        <valUSD>381375.00000000</valUSD>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-25</maturityDt>
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        <name>THE PROCTER &amp; GAMBLE COMPANY</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASSUREDPARTNERS, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP</name>
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        <name>PBF HOLDING COMPANY LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
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        <name>SREIT COMMERCIAL MORTGAGE TRUST</name>
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        <name>ROCKLAND PARK CLO</name>
        <lei>N/A</lei>
        <title>ROCKLAND PARK CLO LTD</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2034-04-20</maturityDt>
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        <name>UNITED PARCEL SERVICE, INC.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERNATIONAL PAPER COMPANY</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CVS HEALTH CORPORATION</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOZART DEBT MERGER SUB INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>HORIZON AIRCRAFT FINANCE I LIMITED</name>
        <lei>N/A</lei>
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          <isin value="US44040HAA05"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HESS CORPORATION</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC.</name>
        <lei>549300WV6GIDOZJTV909</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140QMTD6</cusip>
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        <balance>286754.35200000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRYDEN CLO LTD</name>
        <lei>N/A</lei>
        <title>DRYDEN 76 CLO LTD</title>
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          <isin value="US26252WAU36"/>
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        <balance>527000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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="US36179SYT85"/>
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      <invstOrSec>
        <name>AIMCO CLO</name>
        <lei>N/A</lei>
        <title>AIMCO CLO SERIES 2018 B</title>
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          <isin value="US00900PAL94"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140QMTE4</cusip>
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          <isin value="US3140QMTE44"/>
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        <balance>283955.31700000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>U S BANCORP</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLATIRON CLO LTD</name>
        <lei>N/A</lei>
        <title>FLATIRON CLO 21 LTD</title>
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          <isin value="US33883PAC14"/>
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        <balance>250000.00000000</balance>
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      <invstOrSec>
        <name>Deutsche Bank AG (New York Branch)</name>
        <lei>N/A</lei>
        <title>DEUTSCHE BANK NY</title>
        <cusip>251526BL2</cusip>
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        <balance>860000.00000000</balance>
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        <valUSD>858132.94000000</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>2022-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ardagh Metal Packaging Finance Public Limited Company</name>
        <lei>635400FSFRHBFVPTP424</lei>
        <title>ARDAGH METAL PACKAGING FINANCE USA LLC</title>
        <cusip>03969YAC2</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188000.00000000</valUSD>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRITON WATER HOLDINGS, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empresa Nacional del Petroleo</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-30</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADVANTAGE SALES &amp; MARKETING INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTLAKE CORPORATION</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>USIS MERGER SUB, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEVI STRAUSS &amp; CO.</name>
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        <balance>45000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>W.P. CAREY INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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      <invstOrSec>
        <name>HORIZON AIRCRAFT FINANCE I LIMITED</name>
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        <balance>199389.09800000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-15</maturityDt>
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      <invstOrSec>
        <name>W. R. GRACE HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRST REPUBLIC BANK</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank Aktiengesellschaft</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMGEN INC.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOX, INC.</name>
        <lei>549300KQUCPD8687YS68</lei>
        <title>BOX INC CLASS A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CVR ENERGY, INC.</name>
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        <name>BLACK KNIGHT INFOSERV, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CF INDUSTRIES, INC.</name>
        <lei>5FVKT86LAD2F40NPC183</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRYDEN CLO LTD</name>
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        <name>TAPESTRY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPRINT CAPITAL CORPORATION</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>PAYCHEX, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>C&amp;W SENIOR FINANCING DESIGNATED ACTIVITY COMPANY</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CITY FOOTBALL GROUP LIMITED</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MIWD HOLDCO II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARES CAPITAL CORPORATION.</name>
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        <name>VICI PROPERTIES L.P.</name>
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        <name>MODERNA, INC.</name>
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        <name>ARAMARK SERVICES, INC.</name>
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        <name>GENERAL DYNAMICS CORPORATION</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Government National Mortgage Association 2</name>
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        <name>WYNN LAS VEGAS, LLC</name>
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        <name>CLEVELAND-CLIFFS INC.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <name>CANO HEALTH, LLC</name>
        <lei>254900OGI2T8V1NXN639</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>GREAT LAKES DREDGE &amp; DOCK CORPORATION</name>
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        <name>TRANSDIGM INC.</name>
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        <name>United States of America</name>
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        <name>The Travelers Companies, Inc.</name>
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        <name>ILLINOIS ST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>MELCO RESORTS FINANCE LIMITED</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMERA US FINANCE LP</name>
        <lei>N/A</lei>
        <title>EMERA US FINANCE LP</title>
        <cusip>29103DAJ5</cusip>
        <identifiers>
          <isin value="US29103DAJ54"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>931294.00000000</valUSD>
        <pctVal>0.067739235229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</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>UNUM GROUP</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>UNUM GROUP</title>
        <cusip>91529YAJ5</cusip>
        <identifiers>
          <isin value="US91529YAJ55"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>866585.00000000</valUSD>
        <pctVal>0.063032517294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>DUKE ENERGY CORPORATION</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP</title>
        <cusip>26441C204</cusip>
        <identifiers>
          <isin value="US26441C2044"/>
        </identifiers>
        <balance>36829.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3425833.58000000</valUSD>
        <pctVal>0.249183766602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>MAGALLANES INC</title>
        <cusip>55903VAC7</cusip>
        <identifiers>
          <isin value="US55903VAC72"/>
        </identifiers>
        <balance>485000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468515.82000000</valUSD>
        <pctVal>0.034078286062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.42800000</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>NISOURCE INC.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE FINANCE CORP</title>
        <cusip>65473QBB8</cusip>
        <identifiers>
          <isin value="US65473QBB86"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>886084.00000000</valUSD>
        <pctVal>0.064450809851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140EVS99</cusip>
        <identifiers>
          <isin value="US3140EVS998"/>
        </identifiers>
        <balance>91182.40900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87038.74000000</valUSD>
        <pctVal>0.006330909125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140QMSJ4</cusip>
        <identifiers>
          <isin value="US3140QMSJ40"/>
        </identifiers>
        <balance>380119.43700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>320181.62000000</valUSD>
        <pctVal>0.023288948574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE MICHAELS COMPANIES, INC.</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>MAGIC MERGERCO INC</title>
        <cusip>55916AAA2</cusip>
        <identifiers>
          <isin value="US55916AAA25"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28000.00000000</valUSD>
        <pctVal>0.002036627087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>2022-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Allianz Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Bashir C. Asad</ncom:signature>
      <ncom:signerName>Bashir C. Asad</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
