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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>BRAEMAR HOTELS &amp; RESORTS TRUST BHR_18-PRME</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>COSMOPOLITAN HOTEL TRUST CHT_17-CSMO</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CSMC_13-7R</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CARLYLE GLOBAL MARKET STRATEGIES</name>
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        <name>CITIGROUP MORTGAGE LOAN TRUST IN</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST IN</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNS RECEIVABLES FUNDING CONN_19-B</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GINNIE MAE II</name>
        <lei>N/A</lei>
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          <isin value="US21H0306173"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GINNIE MAE II</name>
        <lei>N/A</lei>
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          <isin value="US21H0326130"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRESB MULTIFAMILY MORTGAGE PASS-THROUGH FRESB_18-SB45</name>
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        <title>FRESB_18-SB45</title>
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          <isin value="US30308AAH68"/>
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        <balance>6509027.870000000000</balance>
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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>
        <debtSec>
          <maturityDt>2027-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.160000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_12-121</name>
        <lei>N/A</lei>
        <title>FNMA_12-121</title>
        <cusip>3136A9WV6</cusip>
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          <isin value="US3136A9WV69"/>
          <other otherDesc="Internal Id" value="3136A9WV6"/>
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        <balance>4655767.440000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225561.220000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_12-129</name>
        <lei>N/A</lei>
        <title>FNMA_12-129</title>
        <cusip>3136AADU6</cusip>
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          <isin value="US3136AADU65"/>
          <other otherDesc="Internal Id" value="3136AADU6"/>
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        <balance>5387683.740000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FGOLD 20YR</title>
        <cusip>3128DY4C8</cusip>
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          <isin value="US3128DY4C81"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORPORATION</name>
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        <title>FHLMC 5/1 HYBRID ARM</title>
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          <isin value="US3128LUVF08"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FANNIE MAE FNMA_12-134</name>
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        <name>FANNIE MAE FNMA_12-133</name>
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        <name>FANNIE MAE FNMA_12-144</name>
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        <name>FANNIE MAE FNMA_13-6</name>
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        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FGOLD 30YR GIANT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FGOLD 30YR GIANT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_13-1</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_13-1</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FANNIE MAE FNMA_13-10</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_13-16</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIEMAC STRIP FHSTR_264</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FREDDIE MAC FHLMC_266</name>
        <lei>N/A</lei>
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        <name>FREDDIE MAC FHLMC_267</name>
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        <name>FEDERAL HOME LOAN MORTGAGE CORPO</name>
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        <name>FREDDIE MAC FHLMC_318</name>
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        <name>FANNIE MAE FNMA_13-41</name>
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        <name>FANNIE MAE FNMA_14-93</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FREDDIE MAC FHLMC_326</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132GFYE1</cusip>
        <identifiers>
          <isin value="US3132GFYE14"/>
          <other otherDesc="Internal Id" value="3132GFYE1"/>
        </identifiers>
        <balance>2886837.350000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3176538.870000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132GRSU6</cusip>
        <identifiers>
          <isin value="US3132GRSU67"/>
          <other otherDesc="Internal Id" value="3132GRSU6"/>
        </identifiers>
        <balance>6598598.450000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7125595.580000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132GVBR2</cusip>
        <identifiers>
          <isin value="US3132GVBR24"/>
          <other otherDesc="Internal Id" value="3132GVBR2"/>
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        <balance>4965823.480000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5321847.850000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR  LTV &gt;125</title>
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        <identifiers>
          <isin value="US3132H3F737"/>
          <other otherDesc="Internal Id" value="3132H3F73"/>
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        <balance>11931169.700000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12550255.780000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132HPRZ9</cusip>
        <identifiers>
          <isin value="US3132HPRZ98"/>
          <other otherDesc="Internal Id" value="3132HPRZ9"/>
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        <balance>12105326.860000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12499273.900000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132J6PZ1</cusip>
        <identifiers>
          <isin value="US3132J6PZ18"/>
          <other otherDesc="Internal Id" value="3132J6PZ1"/>
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        <balance>8556953.820000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9130415.450000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR CASH ISSUANCE</title>
        <cusip>3132L6SJ1</cusip>
        <identifiers>
          <isin value="US3132L6SJ11"/>
          <other otherDesc="Internal Id" value="3132L6SJ1"/>
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        <balance>12270779.830000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12954790.650000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132M8QG4</cusip>
        <identifiers>
          <isin value="US3132M8QG46"/>
          <other otherDesc="Internal Id" value="3132M8QG4"/>
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        <balance>5799126.370000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6261049.170000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132M9BR4</cusip>
        <identifiers>
          <isin value="US3132M9BR49"/>
          <other otherDesc="Internal Id" value="3132M9BR4"/>
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        <balance>3115982.670000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3303888.860000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FANNIE MAE FNMA_16-42</name>
        <lei>N/A</lei>
        <title>FNMA_16-42</title>
        <cusip>3136AS2T2</cusip>
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          <isin value="US3136AS2T28"/>
          <other otherDesc="Internal Id" value="3136AS2T2"/>
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        <balance>15575210.080000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3237514.570000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.208000000000</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>
      <invstOrSec>
        <name>FANNIE MAE FNMA_16-37</name>
        <lei>N/A</lei>
        <title>FNMA_16-37</title>
        <cusip>3136ASPK6</cusip>
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          <isin value="US3136ASPK63"/>
          <other otherDesc="Internal Id" value="3136ASPK6"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.058000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132QWH77</cusip>
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          <isin value="US3132QWH776"/>
          <other otherDesc="Internal Id" value="3132QWH77"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
        <cusip>3132WMK86</cusip>
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          <isin value="US3132WMK860"/>
          <other otherDesc="Internal Id" value="3132WMK86"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_17-3</name>
        <lei>N/A</lei>
        <title>FNMA_17-3</title>
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          <isin value="US3136AU5X58"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_17-T1</name>
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          <isin value="US3136AV6R53"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_17-51</name>
        <lei>N/A</lei>
        <title>FNMA_17-51</title>
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          <isin value="US3136AWY842"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.358000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_17-72</name>
        <lei>N/A</lei>
        <title>FNMA_17-72</title>
        <cusip>3136AXU52</cusip>
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          <isin value="US3136AXU525"/>
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        <balance>45486645.650000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3622897.610000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
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          <isin value="US3132XTA815"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR</title>
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          <isin value="US3132Y0TM22"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE FNMA_17-72</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE ACES FNMA_17-M15</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR GIANT</title>
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          <isin value="US31335AH438"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC GOLD</name>
        <lei>N/A</lei>
        <title>FHLMC GOLD 30YR GIANT</title>
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          <isin value="US31335ATX62"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_17-90</name>
        <lei>N/A</lei>
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          <isin value="US3136AYQT32"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FANNIEMAE-ACES FNMA_18-M7</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORPORATION</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC 30YR UMBS</title>
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          <isin value="US31339STG02"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FANNIE MAE FNMA_12-40</name>
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      <invstOrSec>
        <name>FANNIE MAE FNMA_12-80</name>
        <lei>N/A</lei>
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        <name>FANNIE MAE FNMA_12-99</name>
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        <name>FANNIE MAE FNMA_12-118</name>
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        <name>FANNIE MAE FNMA_19-33</name>
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        <name>FANNIE MAE FNR_19-34</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 20YR</title>
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        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 15YR</title>
        <cusip>31371NZ32</cusip>
        <identifiers>
          <isin value="US31371NZ321"/>
          <other otherDesc="Internal Id" value="31371NZ32"/>
        </identifiers>
        <balance>169035.620000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176228.030000000000</valUSD>
        <pctVal>0.0174630092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>FREDDIE MAC FHLMC_4068</name>
        <lei>N/A</lei>
        <title>FHLMC_4068</title>
        <cusip>3137ARN93</cusip>
        <identifiers>
          <isin value="US3137ARN934"/>
          <other otherDesc="Internal Id" value="3137ARN93"/>
        </identifiers>
        <balance>4146108.190000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211233.020000000000</valUSD>
        <pctVal>0.0209317677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.360300000000</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>FREDDIE MAC FHLMC_4083</name>
        <lei>N/A</lei>
        <title>FHLMC_4083</title>
        <cusip>3137ARZC3</cusip>
        <identifiers>
          <isin value="US3137ARZC38"/>
          <other otherDesc="Internal Id" value="3137ARZC3"/>
        </identifiers>
        <balance>2725330.570000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137973.400000000000</valUSD>
        <pctVal>0.0136722334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.910200000000</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>FREDDIE MAC FHLMC_4122</name>
        <lei>N/A</lei>
        <title>FHLMC_4122</title>
        <cusip>3137AUZB8</cusip>
        <identifiers>
          <isin value="US3137AUZB83"/>
          <other otherDesc="Internal Id" value="3137AUZB8"/>
        </identifiers>
        <balance>4264923.210000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>339238.820000000000</valUSD>
        <pctVal>0.0336162791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FREDDIE MAC FHLMC_4121</name>
        <lei>N/A</lei>
        <title>FHLMC_4121</title>
        <cusip>3137AV5Y9</cusip>
        <identifiers>
          <isin value="US3137AV5Y95"/>
          <other otherDesc="Internal Id" value="3137AV5Y9"/>
        </identifiers>
        <balance>3252052.070000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304002.150000000000</valUSD>
        <pctVal>0.0301245628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>FREDDIE MAC FHLMC_4120</name>
        <lei>N/A</lei>
        <title>FHLMC_4120</title>
        <cusip>3137AV7D3</cusip>
        <identifiers>
          <isin value="US3137AV7D31"/>
          <other otherDesc="Internal Id" value="3137AV7D3"/>
        </identifiers>
        <balance>2870471.530000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188994.140000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>FREDDIE MAC FHLMC_4148</name>
        <lei>N/A</lei>
        <title>FHLMC_4148</title>
        <cusip>3137AWQZ1</cusip>
        <identifiers>
          <isin value="US3137AWQZ19"/>
          <other otherDesc="Internal Id" value="3137AWQZ1"/>
        </identifiers>
        <balance>2316790.810000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201780.200000000000</valUSD>
        <pctVal>0.0199950570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FREDDIE MAC FHLMC_4139</name>
        <lei>N/A</lei>
        <title>FHLMC_4139</title>
        <cusip>3137AWXC4</cusip>
        <identifiers>
          <isin value="US3137AWXC41"/>
          <other otherDesc="Internal Id" value="3137AWXC4"/>
        </identifiers>
        <balance>2274662.290000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261992.420000000000</valUSD>
        <pctVal>0.0259616819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>FREDDIE MAC FHLMC_4147</name>
        <lei>N/A</lei>
        <title>FHLMC_4147</title>
        <cusip>3137AXDF7</cusip>
        <identifiers>
          <isin value="US3137AXDF74"/>
          <other otherDesc="Internal Id" value="3137AXDF7"/>
        </identifiers>
        <balance>7747860.050000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>796194.890000000000</valUSD>
        <pctVal>0.0788975438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>FREDDIE MAC FHLMC_4183</name>
        <lei>N/A</lei>
        <title>FHLMC_4183</title>
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        <identifiers>
          <isin value="US3137B07B41"/>
          <other otherDesc="Internal Id" value="3137B07B4"/>
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        <balance>3478540.600000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>291625.540000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC_4174</name>
        <lei>N/A</lei>
        <title>FHLMC_4174</title>
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        <identifiers>
          <isin value="US3137B0GB43"/>
          <other otherDesc="Internal Id" value="3137B0GB4"/>
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        <balance>7045246.610000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>559835.730000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.460300000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC FHLMC_4182</name>
        <lei>N/A</lei>
        <title>FHLMC_4182</title>
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          <isin value="US3137B0VK76"/>
          <other otherDesc="Internal Id" value="3137B0VK7"/>
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        <balance>7920833.900000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455482.800000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC FHLMC_4177</name>
        <lei>N/A</lei>
        <title>FHLMC_4177</title>
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          <isin value="US3137B16F46"/>
          <other otherDesc="Internal Id" value="3137B16F4"/>
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        <balance>9649305.860000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1665257.910000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>
      <invstOrSec>
        <name>FREDDIE MAC FHLMC_4213</name>
        <lei>N/A</lei>
        <title>FHLMC_4213</title>
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        <identifiers>
          <isin value="US3137B2ZZ65"/>
          <other otherDesc="Internal Id" value="3137B2ZZ6"/>
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        <balance>6294746.630000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330963.300000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC_4223</name>
        <lei>N/A</lei>
        <title>FHLMC_4223</title>
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        <identifiers>
          <isin value="US3137B3L553"/>
          <other otherDesc="Internal Id" value="3137B3L55"/>
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        <balance>1997687.490000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120812.550000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.360300000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHR_4286</name>
        <lei>N/A</lei>
        <title>FHLMC_4286</title>
        <cusip>3137B6UF6</cusip>
        <identifiers>
          <isin value="US3137B6UF60"/>
          <other otherDesc="Internal Id" value="3137B6UF6"/>
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        <balance>4921679.440000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000703.430000000000</valUSD>
        <pctVal>0.0991629609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.160200000000</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>FREDDIE MAC FHLMC_4594</name>
        <lei>N/A</lei>
        <title>FHLMC_4594</title>
        <cusip>3137BQMD6</cusip>
        <identifiers>
          <isin value="US3137BQMD65"/>
          <other otherDesc="Internal Id" value="3137BQMD6"/>
        </identifiers>
        <balance>12800925.720000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2658121.190000000000</valUSD>
        <pctVal>0.2634018828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC MULTIFAMILY STRUCTURED PAS</name>
        <lei>N/A</lei>
        <title>FHLMC_K063</title>
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        <valUSD>4704907.710000000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 15YR</title>
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          <isin value="US3138APD218"/>
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        <curCd>USD</curCd>
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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>
      <invstOrSec>
        <name>FANNIE MAE</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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3138APDV73"/>
          <other otherDesc="Internal Id" value="3138APDV7"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE</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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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3138APEV64"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 15YR</title>
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          <isin value="US3138EBRJ67"/>
          <other otherDesc="Internal Id" value="3138EBRJ6"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 15YR</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FANNIE MAE</name>
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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FANNIE MAE</name>
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        <name>FANNIE MAE</name>
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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-118</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-40</name>
        <lei>N/A</lei>
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        <name>FANNIE MAE</name>
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        <name>FANNIE MAE</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_18-PLS1</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 1YR CMT ARM</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 10/1 HYBRID ARM</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_18-PLS2</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HILT_16-SFP</name>
        <lei>N/A</lei>
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          <isin value="US43289VAQ68"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA  30YR</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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        <name>HILT_16-SFP</name>
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        <name>HILTON USA TRUST HILT_16-HHV</name>
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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 15YR</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HOMEWARD OPPORTUNITIES FUND I TRUST HOF_18-2</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>OZLM FUNDING LTD OZLMF_13-4A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OZLM LTD OZLM_15-11A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FANNIE MAE</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 30YR</title>
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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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        <securityLending>
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      <invstOrSec>
        <name>ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_19-2</name>
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          <isin value="US31573TAD00"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PNMAC GMSR ISSUER TRUST PNMSR_18-GT1</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PNMAC GMSR ISSUER TRUST PNMSR_18-GT2</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GCAT_19-NQM2</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GINNIE MAE II</name>
        <lei>N/A</lei>
        <title>GNMA2 30YR</title>
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        <name>PRESTON RIDGE PARTNERS MORTGAGE PRPM_17-3A</name>
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        <name>PAGAYA AI DEBT SELECTION TRUST I PAID_19-3</name>
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        <name>PMT CREDIT RISK TRANSFER TRUST PMTCR_19-1R</name>
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        <name>PROGRESS RESIDENTIAL TRUST PROG_18-SFR3</name>
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        <name>GINNIE MAE II</name>
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      <invstOrSec>
        <name>GINNIE MAE II</name>
        <lei>N/A</lei>
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        <name>PROSPER MARKETPLACE ISSUANCE TRU</name>
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        <name>RBSSP RESECURITIZATION TRUST RBSSP_12-1</name>
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          <annualizedRt>3.915500000000</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>RCO MORTGAGE LLC RCO_19-2</name>
        <lei>N/A</lei>
        <title>RCO_19-2</title>
        <cusip>74937DAA2</cusip>
        <identifiers>
          <isin value="US74937DAA28"/>
          <other otherDesc="Internal Id" value="74937DAA2"/>
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        <balance>8806531.020000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8795544.870000000000</valUSD>
        <pctVal>0.8715791768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.474800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDDING RIDGE ASSET MANAGEMENT RRAM_18-3A</name>
        <lei>N/A</lei>
        <title>RRAM_18-3A</title>
        <cusip>74988LAC8</cusip>
        <identifiers>
          <isin value="US74988LAC81"/>
          <other otherDesc="Internal Id" value="74988LAC8"/>
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        <balance>3750000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3665463.750000000000</valUSD>
        <pctVal>0.3632227366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.400900000000</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>RADNOR RE LTD RMIR_19-1</name>
        <lei>N/A</lei>
        <title>RMIR_19-1</title>
        <cusip>75049SAA1</cusip>
        <identifiers>
          <isin value="US75049SAA15"/>
          <other otherDesc="Internal Id" value="75049SAA1"/>
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        <balance>6051402.790000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6050730.480000000000</valUSD>
        <pctVal>0.5995865826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.042000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RMIR_19-2</name>
        <lei>N/A</lei>
        <title>RMIR_19-2</title>
        <cusip>75049TAB7</cusip>
        <identifiers>
          <isin value="US75049TAB70"/>
          <other otherDesc="Internal Id" value="75049TAB7"/>
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        <balance>3000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3001563.000000000000</valUSD>
        <pctVal>0.2974346499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.542000000000</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>SCF EQUIPMENT TRUST LLC SCFET_17-2A</name>
        <lei>N/A</lei>
        <title>SCFET_17-2A</title>
        <cusip>784012AA4</cusip>
        <identifiers>
          <isin value="US784012AA45"/>
          <other otherDesc="Internal Id" value="784012AA4"/>
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        <balance>2283849.450000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2285446.320000000000</valUSD>
        <pctVal>0.2264723166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.410000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIAL PROFESSIONAL LOAN PROGRAM</name>
        <lei>N/A</lei>
        <title>SOFI_16-A</title>
        <cusip>78469P203</cusip>
        <identifiers>
          <isin value="US78469P2039"/>
          <other otherDesc="Internal Id" value="78469P203"/>
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        <balance>3.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360000.000000000000</valUSD>
        <pctVal>0.0356735721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SOCIAL PROFESSIONAL LOAN PROGRAM</name>
        <lei>N/A</lei>
        <title>SOFI_16-A</title>
        <cusip>78469P302</cusip>
        <identifiers>
          <isin value="US78469P3029"/>
          <other otherDesc="Internal Id" value="78469P302"/>
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        <balance>4.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1136809.920000000000</valUSD>
        <pctVal>0.1126501961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SOCIAL PROFESSIONAL LOAN PROGRAM</name>
        <lei>N/A</lei>
        <title>SOFI_15-D</title>
        <cusip>78470N106</cusip>
        <identifiers>
          <isin value="US78470N1063"/>
          <other otherDesc="Internal Id" value="78470N106"/>
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        <balance>3.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740000.010000000000</valUSD>
        <pctVal>0.0733290102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTS SBAP_01-20H</name>
        <lei>N/A</lei>
        <title>SBAP_01-20H</title>
        <cusip>83162CLR2</cusip>
        <identifiers>
          <isin value="US83162CLR24"/>
          <other otherDesc="Internal Id" value="83162CLR2"/>
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        <balance>3017.670000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3070.650000000000</valUSD>
        <pctVal>0.0003042807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.340000000000</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>SOCIAL PROFESSIONAL LOAN PROGRAM</name>
        <lei>N/A</lei>
        <title>SOFI_17-A</title>
        <cusip>83404F104</cusip>
        <identifiers>
          <isin value="US83404F1049"/>
          <other otherDesc="Internal Id" value="83404F104"/>
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        <balance>30000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1172550.000000000000</valUSD>
        <pctVal>0.1161917970</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SOFI CONSUMER LOAN PROGRAM TRUST SCLP_18-3</name>
        <lei>N/A</lei>
        <title>SCLP_18-3</title>
        <cusip>83405XAC8</cusip>
        <identifiers>
          <isin value="US83405XAC83"/>
          <other otherDesc="Internal Id" value="83405XAC8"/>
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        <balance>4500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4621993.650000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.020000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUND POINT CLO LTD SNDPT_13-3RA</name>
        <lei>N/A</lei>
        <title>SNDPT_13-3RA</title>
        <cusip>83609YAE6</cusip>
        <identifiers>
          <isin value="US83609YAE68"/>
          <other otherDesc="Internal Id" value="83609YAE6"/>
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        <balance>5000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4884710.000000000000</valUSD>
        <pctVal>0.4840418171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.753300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST UBSCM_18-NYCH</name>
        <lei>N/A</lei>
        <title>UBSCM_18-NYCH</title>
        <cusip>90266HAJ1</cusip>
        <identifiers>
          <isin value="US90266HAJ14"/>
          <other otherDesc="Internal Id" value="90266HAJ1"/>
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        <balance>2500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2502588.250000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.239800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST UBSCM_18-NYCH</name>
        <lei>N/A</lei>
        <title>UBSCM_18-NYCH</title>
        <cusip>90266HAL6</cusip>
        <identifiers>
          <isin value="US90266HAL69"/>
          <other otherDesc="Internal Id" value="90266HAL6"/>
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        <balance>3050000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3056333.630000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.839800000000</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>VERUS SECURITIZATION TRUST VERUS_18-INV1</name>
        <lei>N/A</lei>
        <title>VERUS_18-INV1</title>
        <cusip>92536MAB7</cusip>
        <identifiers>
          <isin value="US92536MAB72"/>
          <other otherDesc="Internal Id" value="92536MAB7"/>
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        <balance>761588.210000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>760770.040000000000</valUSD>
        <pctVal>0.0753871801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.857000000000</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>VERUS SECURITIZATION TRUST VERUS_18-INV1</name>
        <lei>N/A</lei>
        <title>VERUS_18-INV1</title>
        <cusip>92536MAC5</cusip>
        <identifiers>
          <isin value="US92536MAC55"/>
          <other otherDesc="Internal Id" value="92536MAC5"/>
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        <balance>995923.010000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>997984.470000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.059000000000</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>Morgan Stanley</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>CDS: (CMBX.NA.7.BBB-)</title>
        <cusip>000000000</cusip>
        <identifiers>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US 5YR NOTE MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="FVH0"/>
          <other otherDesc="Internal Id" value="FVH0C20"/>
        </identifiers>
        <balance>53.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-19960.010000000000</valUSD>
        <pctVal>-0.0019779024</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 5YR NOTE MAR 20</issuerName>
                <issueTitle>US 5YR NOTE MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="FVH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>6306256.890000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-19960.010000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US 2YR NOTE MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="TUH0"/>
          <other otherDesc="Internal Id" value="TUH0C20"/>
        </identifiers>
        <balance>25.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2394.950000000000</valUSD>
        <pctVal>-0.0002373234</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 2YR NOTE MAR 20</issuerName>
                <issueTitle>US 2YR NOTE MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="TUH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>5389894.950000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2394.950000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US 10YR NOTE MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="TYH0"/>
          <other otherDesc="Internal Id" value="TYH0C20"/>
        </identifiers>
        <balance>-719.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>36583.450000000000</valUSD>
        <pctVal>0.0036251732</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR NOTE MAR 20</issuerName>
                <issueTitle>US 10YR NOTE MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="TYH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-92371911.580000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>36583.450000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US LONG BOND MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="USH0"/>
          <other otherDesc="Internal Id" value="USH0C20"/>
        </identifiers>
        <balance>-14.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>44488.670000000000</valUSD>
        <pctVal>0.0044085272</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US LONG BOND MAR 20</issuerName>
                <issueTitle>US LONG BOND MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="USH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-2227176.170000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>44488.670000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>ICE: (CDX.NA.HY.32.V1)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="Z91ZBY4A3"/>
        </identifiers>
        <balance>19600000.000000000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-1939183.040000000000</valUSD>
        <pctVal>-0.1921599608</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CDS: (CDX.NA.HY.32.V1)</indexName>
                <indexIdentifier>DJHY32055</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">CDS: (CDX.NA.HY.32.V1)</otherRecDesc>
            <fixedPmntDesc amount="-32666.669999999998254" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2024-06-20</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-1231469.210000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>19600000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-740380.500000000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Columbia Funds Variable Series Trust II</ncom:nameOfApplicant>
      <ncom:signature>Martha Skinner</ncom:signature>
      <ncom:signerName>Martha Skinner</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
