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            <swapCategory>
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            <warrantCategory>
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              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
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        </monthlyReturnCats>
        <othMon1 netRealizedGain="22411.64000000" netUnrealizedAppr="-228541.63000000"/>
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      <mon2Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
      <mon3Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>


      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio</nameDesignatedIndex>
          <indexIdentifier>N/A</indexIdentifier>

        </fundsDesignatedInfo>

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        <curCd>USD</curCd>
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        <pctVal>-0.00024281603</pctVal>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      <invstOrSec>
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      <invstOrSec>
        <name>POLAND, REPUBLIC OF - STATE TREASURY</name>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>INTERNATIONAL FINANCE CORP</name>
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        <currencyConditional curCd="ZAR" exchangeRt="16.13120000"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CGB 2.27 05/25/34 INBK</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BSPQJ89"/>
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        <balance>4440000.00000000</balance>
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        <pctVal>0.489163812961</pctVal>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.27000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMGB 2.5 10/25/27 7Y</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RO7P95F9FNY6"/>
          <other otherDesc="SEDOL" value="BMZ57J1"/>
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        <balance>375000.00000000</balance>
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        <pctVal>0.055965601644</pctVal>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-25</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>
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      <invstOrSec>
        <name>MALAYSIA, FEDERATION OF</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MGII 4.417 09/30/41 0221</title>
        <cusip>000000000</cusip>
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          <isin value="MYBGY2100027"/>
          <other otherDesc="SEDOL" value="BMVBWD2"/>
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        <balance>2400000.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.02600000"/>
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        <pctVal>0.434563325213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.41700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THAILAND, KINGDOM OF - MINISTRY OF FINANCE</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 1 06/17/27</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>300300CHN201808MOF68</lei>
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        <cusip>000000000</cusip>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>CZECH, REPUBLIC - MINISTRY OF FINANCE</name>
        <lei>3157007EFDLQABN47912</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>CHILE, REPUBLIC OF - MINISTRY OF FINANCE</name>
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      <invstOrSec>
        <name>CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE</name>
        <lei>300300CHN201808MOF68</lei>
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      <ncom:signature>Clint Martin</ncom:signature>
      <ncom:signerName>Clint Martin</ncom:signerName>
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</edgarSubmission>
