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        <title>TRS ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF</title>
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        <identifiers>
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        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21023.41000000</valUSD>
        <pctVal>0.003807115807</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares Broad USD High Yield Corporate Bond ETF</issuerName>
                <issueTitle>iShares Broad USD High Yield Corporate Bond ETF</issueTitle>
                <identifiers>
                  <cusip value="46435U853"/>
                  <isin value="US46435U8532"/>
                  <ticker value="USHY"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF" floatingRtSpread="0.00000000" pmntAmt="2235154.50000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <otherPmntDesc fixedOrFloating="Other">Performance Leg</otherPmntDesc>
            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2235154.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>21023.41000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FXB SMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13287.62000000</valUSD>
        <pctVal>0.002406246567</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST</issuerName>
                <issueTitle>INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST</issueTitle>
                <identifiers>
                  <cusip value="46138M109"/>
                  <isin value="US46138M1099"/>
                  <ticker value="FXB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST" floatingRtSpread="0.00000000" pmntAmt="1532830.24690000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <otherPmntDesc fixedOrFloating="Other">Performance Leg</otherPmntDesc>
            <terminationDt>2025-07-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1532830.24690000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>13287.62000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS INVESCO GLOBAL LISTED PRIVATE EQUITY ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="PSP LMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-16042.38000000</valUSD>
        <pctVal>-0.00290510428</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco Global Listed Private Equity ETF</issuerName>
                <issueTitle>Invesco Global Listed Private Equity ETF</issueTitle>
                <identifiers>
                  <cusip value="46137V118"/>
                  <isin value="US46137V1180"/>
                  <ticker value="PSP"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO GLOBAL LISTED PRIVATE EQUITY ETF" floatingRtSpread="0.00000000" pmntAmt="-404021.16000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>6159.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-16042.38000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS VANGUARD MID-CAP ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="VO LMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-24025.15000000</valUSD>
        <pctVal>-0.00435069897</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Vanguard Mid-Cap ETF</issuerName>
                <issueTitle>Vanguard Mid-Cap ETF</issueTitle>
                <identifiers>
                  <cusip value="922908629"/>
                  <isin value="US9229086296"/>
                  <ticker value="VO"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD MID-CAP ETF" floatingRtSpread="0.00000000" pmntAmt="-609941.28000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2472.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-24025.15000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS JPMORGAN EQUITY PREMIUM INCOME ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="JEPI LMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-39392.51000000</valUSD>
        <pctVal>-0.00713356432</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>JPMorgan Equity Premium Income ETF</issuerName>
                <issueTitle>JPMorgan Equity Premium Income ETF</issueTitle>
                <identifiers>
                  <cusip value="46641Q332"/>
                  <isin value="US46641Q3323"/>
                  <ticker value="JEPI"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="JPMORGAN EQUITY PREMIUM INCOME ETF" floatingRtSpread="0.00000000" pmntAmt="-1287619.81000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>22421.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-39392.51000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS ISHARES CORE MSCI EMERGING MARKETS ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="IEMG LML"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10843.37000000</valUSD>
        <pctVal>-0.00196361890</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
              <counterpartyLei>549300HN4UKV1E2R3U73</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares Core MSCI Emerging Markets ETF</issuerName>
                <issueTitle>iShares Core MSCI Emerging Markets ETF</issueTitle>
                <identifiers>
                  <cusip value="46434G103"/>
                  <isin value="US46434G1031"/>
                  <ticker value="IEMG"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES CORE MSCI EMERGING MARKETS ETF" floatingRtSpread="0.00000000" pmntAmt="-1107153.04000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>21316.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-10843.37000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Silver Trust</name>
        <lei>549300K2C2CG14B0ZA09</lei>
        <title>iShares Silver Trust</title>
        <cusip>46428Q109</cusip>
        <identifiers>
          <isin value="US46428Q1094"/>
          <ticker value="SLV"/>
        </identifiers>
        <balance>33672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>809811.60000000</valUSD>
        <pctVal>0.146648262286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="262145.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS FRANKLIN FTSE JAPAN ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FLJP LMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-966.58000000</valUSD>
        <pctVal>-0.00017503735</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Franklin FTSE Japan ETF</issuerName>
                <issueTitle>Franklin FTSE Japan ETF</issueTitle>
                <identifiers>
                  <cusip value="35473P744"/>
                  <isin value="US35473P7446"/>
                  <ticker value="FLJP"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FRANKLIN FTSE JAPAN ETF" floatingRtSpread="0.00000000" pmntAmt="-20154.54000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>658.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-966.58000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS MATERIALS SELECT SECTOR SPDR FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="XLB LMS"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-18912.54000000</valUSD>
        <pctVal>-0.00342485971</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>Materials Select Sector SPDR Fund</issuerName>
                <issueTitle>Materials Select Sector SPDR Fund</issueTitle>
                <identifiers>
                  <cusip value="81369Y100"/>
                  <isin value="US81369Y1001"/>
                  <ticker value="XLB"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="MATERIALS SELECT SECTOR SPDR FUND" floatingRtSpread="0.00000000" pmntAmt="-375956.56000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4047.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-18912.54000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS VANGUARD FINANCIALS ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="VFH LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6039.39000000</valUSD>
        <pctVal>-0.00109366925</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Vanguard Financials ETF</issuerName>
                <issueTitle>Vanguard Financials ETF</issueTitle>
                <identifiers>
                  <cusip value="92204A405"/>
                  <isin value="US92204A4058"/>
                  <ticker value="VFH"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
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          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="GLOBAL X US PREFERRED ETF" floatingRtSpread="0.00000000" pmntAmt="-213453.22000000">
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      </invstOrSec>
      <invstOrSec>
        <name>Vanguard FTSE Developed Markets ETF</name>
        <lei>N/A</lei>
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        <balance>304477.00000000</balance>
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        <valUSD>14754955.42000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <identifiers>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>-0.00138844651</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <derivativeInfo>
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            <descRefInstrmnt>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES FLOATING RATE BOND ETF" floatingRtSpread="0.00000000" pmntAmt="-7315469.62000000">
              <rtResetTenors>
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            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
            <unrealizedAppr>-7667.19000000</unrealizedAppr>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <identifiers>
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        <curCd>USD</curCd>
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        <pctVal>0.002966482712</pctVal>
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        <assetCat>DE</assetCat>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iMGP DBi Managed Futures Strategy ETF</issuerName>
                <issueTitle>iMGP DBi Managed Futures Strategy ETF</issueTitle>
                <identifiers>
                  <cusip value="53700T827"/>
                  <isin value="US53700T8273"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="IMGP DBI MANAGED FUTURES STRATEGY ETF" floatingRtSpread="0.00000000" pmntAmt="-503355.87000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17438.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16381.32000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <identifiers>
          <other otherDesc="INTERNAL" value="VUG LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20380.52000000</valUSD>
        <pctVal>-0.00369069527</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>Vanguard Growth ETF</issueTitle>
                <identifiers>
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                  <isin value="US9229087369"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD GROWTH ETF" floatingRtSpread="0.00000000" pmntAmt="-491602.30000000">
              <rtResetTenors>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
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        <assetCat>DE</assetCat>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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                  <isin value="US46090F1003"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF" floatingRtSpread="0.00000000" pmntAmt="-960673.83000000">
              <rtResetTenors>
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      <invstOrSec>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="UNITED STATES NATURAL GAS FUND LP" floatingRtSpread="0.00000000" pmntAmt="1519843.43000000">
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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      <invstOrSec>
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      <invstOrSec>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
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        <lei>549300HN4UKV1E2R3U73</lei>
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            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <pctVal>-0.00815671919</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="IQ MERGER ARBITRAGE ETF" floatingRtSpread="0.00000000" pmntAmt="-1894061.02000000">
              <rtResetTenors>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>60065.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-45042.51000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS VANGUARD MORTGAGE-BACKED SECURITIES ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="VMBS LMS"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5197.90000000</valUSD>
        <pctVal>-0.00094128437</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <descRefInstrmnt>
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                <issueTitle>Vanguard Mortgage-Backed Securities ETF</issueTitle>
                <identifiers>
                  <cusip value="92206C771"/>
                  <isin value="US92206C7719"/>
                  <ticker value="VMBS"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD MORTGAGE-BACKED SECURITIES ETF" floatingRtSpread="0.00000000" pmntAmt="-204168.42000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4519.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5197.90000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS SPDR PORTFOLIO LONG TERM TREASURY ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="SPTL SMS"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1747.00000000</valUSD>
        <pctVal>0.000316363107</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR PORTFOLIO LONG TERM TREASURY ETF</issuerName>
                <issueTitle>SPDR PORTFOLIO LONG TERM TREASURY ETF</issueTitle>
                <identifiers>
                  <cusip value="78464A664"/>
                  <isin value="US78464A6644"/>
                  <ticker value="SPTL"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SPDR PORTFOLIO LONG TERM TREASURY ETF" floatingRtSpread="0.00000000" pmntAmt="43667.14000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
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            <terminationDt>2025-07-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>43667.14000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1747.00000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="FLRN LML"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>-0.00045347853</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
              <counterpartyLei>549300HN4UKV1E2R3U73</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR Bloomberg Investment Grade Floating Rate ETF</issuerName>
                <issueTitle>SPDR Bloomberg Investment Grade Floating Rate ETF</issueTitle>
                <identifiers>
                  <cusip value="78468R200"/>
                  <isin value="US78468R2004"/>
                  <ticker value="FLRN"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF" floatingRtSpread="0.00000000" pmntAmt="-2301086.82000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>74834.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2504.17000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS JPMORGAN EQUITY PREMIUM INCOME ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="JEPI LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-39173.77000000</valUSD>
        <pctVal>-0.00709395283</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>JPMorgan Equity Premium Income ETF</issuerName>
                <issueTitle>JPMorgan Equity Premium Income ETF</issueTitle>
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                  <isin value="US46641Q3323"/>
                  <ticker value="JEPI"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="JPMORGAN EQUITY PREMIUM INCOME ETF" floatingRtSpread="0.00000000" pmntAmt="-1287491.02000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>22421.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-39173.77000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR Blackstone Senior Loan ETF</name>
        <lei>549300ME4SR63Y3TRD06</lei>
        <title>SPDR Blackstone Senior Loan ETF</title>
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        <identifiers>
          <isin value="US78467V6083"/>
          <ticker value="SRLN"/>
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        <balance>312536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13120261.28000000</valUSD>
        <pctVal>2.375939684564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS ISHARES CONVERTIBLE BOND ETF</title>
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        <identifiers>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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                  <isin value="US46435G1022"/>
                  <ticker value="ICVT"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES CONVERTIBLE BOND ETF" floatingRtSpread="0.00000000" pmntAmt="-1513704.14000000">
              <rtResetTenors>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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      <invstOrSec>
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      <invstOrSec>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES SILVER TRUST" floatingRtSpread="0.00000000" pmntAmt="-71979.00000000">
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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      <invstOrSec>
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        <derivativeInfo>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <curCd>USD</curCd>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD FTSE DEVELOPED MARKETS ETF" floatingRtSpread="0.00000000" pmntAmt="-1274474.25000000">
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      <invstOrSec>
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        <derivativeInfo>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES CORE S&amp;P MID-CAP ETF/AUSTRALIA" floatingRtSpread="0.00000000" pmntAmt="-801226.10000000">
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      <invstOrSec>
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        <derivativeInfo>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD SHORT-TERM TREASURY ETF" floatingRtSpread="0.00000000" pmntAmt="-2164517.69000000">
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="IQ MERGER ARBITRAGE ETF" floatingRtSpread="0.00000000" pmntAmt="-1894520.28000000">
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      <invstOrSec>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SPDR BLOOMBERG 1-3 MONTH T-BILL ETF" floatingRtSpread="0.00000000" pmntAmt="5775368.84000000">
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      <invstOrSec>
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      <invstOrSec>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD FINANCIALS ETF" floatingRtSpread="0.00000000" pmntAmt="-118670.01000000">
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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            <descRefInstrmnt>
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            <swapFlag>Y</swapFlag>
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            <curCd>USD</curCd>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <curCd>USD</curCd>
        <valUSD>-4428.19000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <derivativeInfo>
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                  <isin value="US8085243009"/>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SCHWAB U.S. LARGE-CAP GROWTH ETF" floatingRtSpread="0.00000000" pmntAmt="-111442.31000000">
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1207.00000000</notionalAmt>
            <curCd>USD</curCd>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS INVESCO INDIA EXCHANGE-TRADED FUND TRUST</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="PIN LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <pctVal>0.000010342013</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco India Exchange-Traded Fund Trust</issuerName>
                <issueTitle>Invesco India Exchange-Traded Fund Trust</issueTitle>
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                  <cusip value="46137R109"/>
                  <isin value="US46137R1095"/>
                  <ticker value="PIN"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO INDIA EXCHANGE-TRADED FUND TRUST" floatingRtSpread="0.00000000" pmntAmt="-23158.64000000">
              <rtResetTenors>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>859.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>57.11000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS ISHARES SILVER TRUST</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="SLV LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
              <counterpartyLei>549300HN4UKV1E2R3U73</counterpartyLei>
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            <descRefInstrmnt>
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                  <isin value="US46428Q1094"/>
                  <ticker value="SLV"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES SILVER TRUST" floatingRtSpread="0.00000000" pmntAmt="-71961.72000000">
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <unrealizedAppr>159.69000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Materials Select Sector SPDR Fund</name>
        <lei>549300N81BAQ1XPGBT65</lei>
        <title>Materials Select Sector SPDR Fund</title>
        <cusip>81369Y100</cusip>
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          <ticker value="XLB"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO DB US DOLLAR INDEX BULLISH FUND" floatingRtSpread="0.00000000" pmntAmt="-2569464.11000000">
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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      <invstOrSec>
        <name>Invesco Exchange-Traded Fund Trust - Invesco S&amp;P 500 Quality Etf</name>
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        <title>Invesco Exchange-Traded Fund Trust - Invesco S&amp;P 500 Quality Etf</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD MORTGAGE-BACKED SECURITIES ETF" floatingRtSpread="0.00000000" pmntAmt="-204123.23000000">
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF" floatingRtSpread="0.00000000" pmntAmt="-2301122.50000000">
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      <invstOrSec>
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        <derivativeInfo>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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      <invstOrSec>
        <name>JPMorgan BetaBuilders Japan ETF</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>7577.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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                <issueTitle>iShares MSCI India ETF</issueTitle>
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                  <isin value="US46429B5984"/>
                  <ticker value="INDA"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES MSCI INDIA ETF" floatingRtSpread="0.00000000" pmntAmt="-863023.09000000">
              <rtResetTenors>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
            <unrealizedAppr>7577.39000000</unrealizedAppr>
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      <invstOrSec>
        <name>iShares Floating Rate Bond ETF</name>
        <lei>549300G2T0MQ0NCEG317</lei>
        <title>iShares Floating Rate Bond ETF</title>
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        <identifiers>
          <isin value="US46429B6552"/>
          <ticker value="FLOT"/>
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        <curCd>USD</curCd>
        <valUSD>87587137.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR Bloomberg Convertible Securities ETF</name>
        <lei>549300IXKU3G7R6DMX93</lei>
        <title>SPDR Bloomberg Convertible Securities ETF</title>
        <cusip>78464A359</cusip>
        <identifiers>
          <isin value="US78464A3591"/>
          <ticker value="CWB"/>
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        <balance>502457.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35302628.82000000</valUSD>
        <pctVal>6.392930368752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="140520.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Short-Term Inflation-Protected Securities ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Short-Term Inflation-Protected Securities ETF</title>
        <cusip>922020805</cusip>
        <identifiers>
          <isin value="US9220208055"/>
          <ticker value="VTIP"/>
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        <balance>531603.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25410623.40000000</valUSD>
        <pctVal>4.601593463508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS INVESCO GLOBAL LISTED PRIVATE EQUITY ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="PSP LML"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15737.47000000</valUSD>
        <pctVal>-0.00284988832</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco Global Listed Private Equity ETF</issuerName>
                <issueTitle>Invesco Global Listed Private Equity ETF</issueTitle>
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                  <cusip value="46137V118"/>
                  <isin value="US46137V1180"/>
                  <ticker value="PSP"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO GLOBAL LISTED PRIVATE EQUITY ETF" floatingRtSpread="0.00000000" pmntAmt="-403717.52000000">
              <rtResetTenors>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>6159.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-15737.47000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Franklin FTSE Japan ETF</name>
        <lei>549300V7MZYC1Z30JS82</lei>
        <title>Franklin FTSE Japan ETF</title>
        <cusip>35473P744</cusip>
        <identifiers>
          <isin value="US35473P7446"/>
          <ticker value="FLJP"/>
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        <balance>7368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215808.72000000</valUSD>
        <pctVal>0.039080662433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS GLOBAL X US PREFERRED ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="PFFD LMS"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8480.59000000</valUSD>
        <pctVal>-0.00153574459</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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                  <isin value="US37954Y6573"/>
                  <ticker value="PFFD"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="GLOBAL X US PREFERRED ETF" floatingRtSpread="0.00000000" pmntAmt="-213560.00000000">
              <rtResetTenors>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
            <unrealizedAppr>-8480.59000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS INVESCO EXCHANGE-TRADED FUND TRUST - INVESCO S&amp;P 500 QUALITY ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="SPHQ LMS"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1209.54000000</valUSD>
        <pctVal>-0.00021903482</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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                  <isin value="US46137V2410"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="INVESCO EXCHANGE-TRADED FUND TRUST - INVESCO S&amp;P 500 QUALITY ETF" floatingRtSpread="0.00000000" pmntAmt="-35591.04000000">
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            <rcptCurCd>USD</rcptCurCd>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS ISHARES FLOATING RATE BOND ETF</title>
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        <curCd>USD</curCd>
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        <pctVal>-0.00172967137</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
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            <descRefInstrmnt>
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                  <isin value="US46429B6552"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES FLOATING RATE BOND ETF" floatingRtSpread="0.00000000" pmntAmt="-7316983.27000000">
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SCHWAB INTERMEDIATE-TERM U.S. TREASURY ETF" floatingRtSpread="0.00000000" pmntAmt="1166937.44000000">
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      <invstOrSec>
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        <lei>549300HN4UKV1E2R3U73</lei>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <pctVal>-0.07404818977</pctVal>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="AGF US MARKET NEUTRAL ANTI-BETA FUND" floatingRtSpread="0.00000000" pmntAmt="8962512.27770000">
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            <rcptCurCd>USD</rcptCurCd>
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            <unrealizedAppr>-408904.15000000</unrealizedAppr>
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      <invstOrSec>
        <name>SPDR Bloomberg Investment Grade Floating Rate ETF</name>
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        <balance>893020.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <identifiers>
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        <assetCat>DE</assetCat>
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            <descRefInstrmnt>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="IMGP DBI MANAGED FUTURES STRATEGY ETF" floatingRtSpread="0.00000000" pmntAmt="-503331.97000000">
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            <curCd>USD</curCd>
            <unrealizedAppr>16421.01000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <identifiers>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <pctVal>-0.00111440941</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
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                  <cusip value="46641Q217"/>
                  <isin value="US46641Q2176"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="JPMORGAN BETABUILDERS JAPAN ETF" floatingRtSpread="0.00000000" pmntAmt="-123877.89000000">
              <rtResetTenors>
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      <invstOrSec>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
        <name>Invesco DB US Dollar Index Bullish Fund</name>
        <lei>549300QQBOFDEGGI5W06</lei>
        <title>Invesco DB US Dollar Index Bullish Fund</title>
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          <ticker value="UUP"/>
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        <valUSD>31362040.08000000</valUSD>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <balance>1.00000000</balance>
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        <valUSD>-24000.33000000</valUSD>
        <pctVal>-0.00434620433</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>Vanguard Mid-Cap ETF</issueTitle>
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                  <isin value="US9229086296"/>
                  <ticker value="VO"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD MID-CAP ETF" floatingRtSpread="0.00000000" pmntAmt="-609916.56000000">
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2472.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-24000.33000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS SCHWAB U.S. LARGE-CAP GROWTH ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
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        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4440.31000000</valUSD>
        <pctVal>-0.00080409288</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>Schwab U.S. Large-Cap Growth ETF</issueTitle>
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                  <cusip value="808524300"/>
                  <isin value="US8085243009"/>
                  <ticker value="SCHG"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SCHWAB U.S. LARGE-CAP GROWTH ETF" floatingRtSpread="0.00000000" pmntAmt="-111454.38000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1207.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4440.31000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <cusip>000000000</cusip>
        <identifiers>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12018.68000000</valUSD>
        <pctVal>-0.00217645503</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>AltShares Merger Arbitrage ETF</issuerName>
                <issueTitle>AltShares Merger Arbitrage ETF</issueTitle>
                <identifiers>
                  <cusip value="02210T108"/>
                  <isin value="US02210T1088"/>
                  <ticker value="ARB"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ALTSHARES MERGER ARBITRAGE ETF" floatingRtSpread="0.00000000" pmntAmt="-487903.34000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17915.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-12018.68000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="VTIP LML"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12003.47000000</valUSD>
        <pctVal>-0.00217370066</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>Vanguard Short-Term Inflation-Protected Securities ETF</issueTitle>
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                  <isin value="US9220208055"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF" floatingRtSpread="0.00000000" pmntAmt="-2132419.20680000">
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
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                  <isin value="US8085248545"/>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SCHWAB INTERMEDIATE-TERM U.S. TREASURY ETF" floatingRtSpread="0.00000000" pmntAmt="1167271.26000000">
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            <otherPmntDesc fixedOrFloating="Other">Performance Leg</otherPmntDesc>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES INTERNATIONAL TREASURY BOND ETF</issuerName>
                <issueTitle>ISHARES INTERNATIONAL TREASURY BOND ETF</issueTitle>
                <identifiers>
                  <cusip value="464288117"/>
                  <isin value="US4642881175"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES INTERNATIONAL TREASURY BOND ETF" floatingRtSpread="0.00000000" pmntAmt="3453025.78000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <otherPmntDesc fixedOrFloating="Other">Performance Leg</otherPmntDesc>
            <terminationDt>2026-01-04</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3453025.78000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>100695.87000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>TRS VANGUARD UTILITIES ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="VPU SMS"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-21387.26000000</valUSD>
        <pctVal>-0.00387300517</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>VANGUARD UTILITIES ETF</issuerName>
                <issueTitle>VANGUARD UTILITIES ETF</issueTitle>
                <identifiers>
                  <cusip value="92204A876"/>
                  <isin value="US92204A8760"/>
                  <ticker value="VPU"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="VANGUARD UTILITIES ETF" floatingRtSpread="0.00000000" pmntAmt="1007335.68000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <otherPmntDesc fixedOrFloating="Other">Performance Leg</otherPmntDesc>
            <terminationDt>2049-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1007335.68000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-21387.26000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS SPDR GOLD MINISHARES TRUST</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="GLDM LML"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-317.99000000</valUSD>
        <pctVal>-0.00005758460</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
              <counterpartyLei>549300HN4UKV1E2R3U73</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR Gold MiniShares Trust</issuerName>
                <issueTitle>SPDR Gold MiniShares Trust</issueTitle>
                <identifiers>
                  <cusip value="98149E303"/>
                  <isin value="US98149E3036"/>
                  <ticker value="GLDM"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SPDR GOLD MINISHARES TRUST" floatingRtSpread="0.00000000" pmntAmt="-38970.90000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>855.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-317.99000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>TRS ISHARES MSCI USA MOMENTUM FACTOR ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="MTUM LML"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-52970.53000000</valUSD>
        <pctVal>-0.00959239924</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BOFA SECURITIES, INC.</counterpartyName>
              <counterpartyLei>549300HN4UKV1E2R3U73</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares MSCI USA Momentum Factor ETF</issuerName>
                <issueTitle>iShares MSCI USA Momentum Factor ETF</issueTitle>
                <identifiers>
                  <cusip value="46432F396"/>
                  <isin value="US46432F3964"/>
                  <ticker value="MTUM"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="ISHARES MSCI USA MOMENTUM FACTOR ETF" floatingRtSpread="0.00000000" pmntAmt="-860480.37000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4580.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-52970.53000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-06-27</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
