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        <name>Apollo Global Management, Inc.</name>
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      <invstOrSec>
        <name>NiSource Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eli Lilly and Co.</name>
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        <name>LPL Holdings, Inc.</name>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KeyCorp</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Strategic Income Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sasol Financing USA LLC</name>
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        <name>Morgan Stanley</name>
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        <name>ONEOK, Inc.</name>
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        <name>UBS Group AG</name>
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        <name>Morgan Stanley</name>
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        <name>Mello Mortgage Capital Acceptance Trust</name>
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        <name>Penn Mutual Life Insurance Co. (The)</name>
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        <name>American Airlines Inc./AAdvantage Loyalty IP Ltd.</name>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc.</title>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
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        <name>Kenvue Inc.</name>
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        <name>FirstCash, Inc.</name>
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        <name>HCA Inc.</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Philip Morris International Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Costa Rica Government International Bond</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Costa Rica Government International Bond</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <name>BAE Systems PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
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        <name>Mello Mortgage Capital Acceptance Trust</name>
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        <name>Starwood Mortgage Residential Trust</name>
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        <name>Ellington Financial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Banco Santander S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander S.A.</title>
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        <invCountry>ES</invCountry>
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        <name>Sensata Technologies B.V.</name>
        <lei>PUCKW5P5O3XMOZVH7T53</lei>
        <title>Sensata Technologies B.V.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>El Puerto de Liverpool, S.A.B. de C.V.</name>
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        <name>Mitsubishi Ufj Financial Group, Inc.</name>
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        <name>Cedar Funding XI Clo Ltd.</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>ONEOK, Inc.</name>
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        <name>Nasdaq, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>ZF North America Capital, Inc.</name>
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        <name>PPL Capital Funding, Inc.</name>
        <lei>549300MROK5WY0D2NU17</lei>
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        <name>Northern Trust Corp.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Prologis, L.P.</name>
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        <name>AES Corp. (The)</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
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        <name>AS Mileage Plan IP Ltd.</name>
        <lei>N/A</lei>
        <title>AS Mileage Plan IP Ltd.</title>
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        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Manufacturers and Traders Trust Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlackRock Funding, Inc.</name>
        <lei>529900VBK42Y5HHRMD23</lei>
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        <name>Fifth Third Bancorp</name>
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          <maturityDt>2030-07-28</maturityDt>
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        <name>ONEOK, Inc.</name>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.80000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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        <balance>1081000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50200000</annualizedRt>
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        <name>Gap, Inc. (The)</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
        <title>Gap, Inc. (The)</title>
        <cusip>364760AP3</cusip>
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        <balance>1737000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>Smith &amp; Nephew PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-20</maturityDt>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <invCountry>US</invCountry>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
        <cusip>718172DM8</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>POSCO</name>
        <lei>9884000N94NH7G6LQ816</lei>
        <title>POSCO</title>
        <cusip>73730EAC7</cusip>
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        <balance>774000.00000000</balance>
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        <valUSD>779875.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2026-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Veralto Corp.</name>
        <lei>635400FJE6GSOJUSNY27</lei>
        <title>Veralto Corp.</title>
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        <balance>90000.00000000</balance>
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        <valUSD>92914.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456BAV3</cusip>
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        <balance>9000.00000000</balance>
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        <valUSD>8654.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>United Parcel Service, Inc.</title>
        <cusip>911312CD6</cusip>
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        <balance>293000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297259.36000000</valUSD>
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      <invstOrSec>
        <name>General Mills, Inc.</name>
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        <name>Sonic Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>900911.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>United Parcel Service, Inc.</title>
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        <balance>411000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-22</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Idaho Power Co.</name>
        <lei>TN0LL73P2C8X3W6KM391</lei>
        <title>Idaho Power Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc.</title>
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        <balance>347000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
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          <annualizedRt>5.05000000</annualizedRt>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <balance>72000.00000000</balance>
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          <maturityDt>2053-10-15</maturityDt>
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        <name>Duke Energy Indiana, LLC</name>
        <lei>6URPHM2EAWGJ2C6ISB97</lei>
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          <annualizedRt>5.40000000</annualizedRt>
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        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>FirstEnergy Transmission, LLC</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FirstEnergy Transmission, LLC</title>
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        <invCountry>US</invCountry>
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        <name>J. M. Smucker Co. (The)</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>J. M. Smucker Co. (The)</title>
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        <balance>43000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-12</maturityDt>
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      <invstOrSec>
        <name>Hertz Vehicle Financing III L.P.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UDR, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>33003.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-01-20</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
        <cusip>350930AA1</cusip>
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        <balance>754000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757931.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-25</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Holcim Finance US LLC</name>
        <lei>529900FB2F1WKLFNGY62</lei>
        <title>Holcim Finance US LLC</title>
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        <balance>794000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>802525.11000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>HPEFS Equipment Trust</name>
        <lei>N/A</lei>
        <title>HPEFS Equipment Trust, Series 2023-2A, Class A2</title>
        <cusip>44328UAB2</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
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          <annualizedRt>6.04000000</annualizedRt>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
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        <balance>865000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.95000000</annualizedRt>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>OBX 2021-NQM4 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Empresa Nacional del Petroleo</name>
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        <invCountry>CL</invCountry>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
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        <debtSec>
          <maturityDt>2067-01-25</maturityDt>
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      <invstOrSec>
        <name>Fort Moore Family Communities LLC</name>
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        <name>Synovus Financial Corp.</name>
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        <name>Holcim Finance US LLC</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>McCormick &amp; Co., Inc.</name>
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        <name>Norfolk Southern Corp.</name>
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        <name>American Express Co.</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>N/A</name>
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        <name>Morgan Stanley</name>
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        <name>Banco Santander S.A.</name>
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        <name>TierPoint Issuer LLC</name>
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        <name>Morgan Stanley</name>
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        <name>RB Global Holdings Inc.</name>
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        <name>Bayview MSR Opportunity Master Fund Trust</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Madison Park Funding XXXIII Ltd.</name>
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        <name>Eli Lilly and Co.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Rio Tinto Finance (USA) PLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Goldman Sachs Private Credit Corp.</name>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Capital Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Keybank N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US91282CMM00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ConocoPhillips Co.</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>ConocoPhillips Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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          <isin value="US44891ACY10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-19</maturityDt>
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        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>25714PFB9</cusip>
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          <isin value="US25714PFB94"/>
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        <balance>4739000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>Synovus Bank</name>
        <lei>DX0JX77PRMOELF7VG772</lei>
        <title>Synovus Bank</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <name>Campbell's Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
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        <name>Smurfit Kappa Treasury Unlimited Co.</name>
        <lei>635400B3DOXSWFOWJT40</lei>
        <title>Smurfit Kappa Treasury Unlimited Co.</title>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <name>Alabama Power Co.</name>
        <lei>0RL818ELFOHP5JHOFU19</lei>
        <title>Alabama Power Co.</title>
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        <name>Apollo Global Management, Inc.</name>
        <lei>254900LMFT1CY9IYB476</lei>
        <title>Apollo Global Management, Inc., Pfd.</title>
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        <name>U.S. Bancorp</name>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International Inc.</title>
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        <balance>349000.00000000</balance>
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        <name>Regency Centers, L.P.</name>
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        <name>NiSource Inc.</name>
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        <name>CMS Energy Corp.</name>
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        <name>Energy Transfer L.P.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Hyundai Capital America</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Engie</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>United Airlines 2024-1 Class AA Pass Through Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>RenaissanceRe Holdings Ltd.</name>
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        <name>Extended Stay America Trust</name>
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        <name>Empower CLO 2024-1 Ltd.</name>
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        <name>JSC Uzbekneftegaz</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital Services, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>AES Corp. (The)</name>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>ZF North America Capital, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bayview MSR Opportunity Master Fund Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Transocean Titan Financing Ltd.</name>
        <lei>N/A</lei>
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        <name>nVent Finance S.a.r.l.</name>
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        <invCountry>LU</invCountry>

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      <invstOrSec>
        <name>Broadcom Inc.</name>
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        <title>Broadcom Inc.</title>
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        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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        <name>Freddie Mac</name>
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        <name>U.S. Treasury Notes/Bonds</name>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <name>Public Service Enterprise Group Inc.</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>Public Service Enterprise Group Inc.</title>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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          <isin value="US1248EPCT83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>Cencora, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>TierPoint Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US88651CAA80"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Global Atlantic (Fin) Co.</name>
        <lei>98450051B2E65CAA7E94</lei>
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          <isin value="US37959GAF46"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Piedmont Natural Gas Co., Inc.</name>
        <lei>VXB4M3BDPKF3I2AZ3G89</lei>
        <title>Piedmont Natural Gas Co., Inc.</title>
        <cusip>720186AQ8</cusip>
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          <isin value="US720186AQ82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US864300AA61"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.02800000</annualizedRt>
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      <invstOrSec>
        <name>Columbia Pipelines Holding Co. LLC</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Holding Co. LLC</title>
        <cusip>19828AAD9</cusip>
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          <isin value="US19828AAD90"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375295.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.09700000</annualizedRt>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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        <balance>20000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.08778400</annualizedRt>
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      <invstOrSec>
        <name>Union Electric Co.</name>
        <lei>QMPJLLDULY5C1M8PNY21</lei>
        <title>Union Electric Co.</title>
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          <isin value="US906548CZ38"/>
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        <balance>367000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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        <name>Western Midstream Operating, L.P.</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>Western Midstream Operating, L.P.</title>
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        <invCountry>US</invCountry>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>Campbell's Co. (The)</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>Campbell's Co. (The)</title>
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        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
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        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes/Bonds</title>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 40 Ltd.</name>
        <lei>549300Y2YE54ON4DJE28</lei>
        <title>Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A</title>
        <cusip>64134JAA1</cusip>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>BANK5 2024-5YR10</name>
        <lei>N/A</lei>
        <title>BANK5 2024-5YR10, Series 2024-5YR10, Class A</title>
        <cusip>06604AAM6</cusip>
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        <name>Virginia Electric and Power Co.</name>
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        <name>BX Trust</name>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>Uniform Mortgage-Backed Securities</name>
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      <invstOrSec>
        <name>British Telecommunications PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <name>Targa Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agl Clo 17 Ltd.</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
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        <cusip>3137HB2X1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority</title>
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        <invCountry>US</invCountry>
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        <name>CVS Health Corp.</name>
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        <name>Ecopetrol S.A.</name>
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        <invCountry>CO</invCountry>
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        <name>Verus Securitization Trust</name>
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        <name>Volkswagen Group of America Finance, LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance, LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
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        <assetCat>DBT</assetCat>
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        <name>Regency Centers, L.P.</name>
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        <name>Entergy Louisiana, LLC</name>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Simon Property Group, L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chase Home Lending Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-25</maturityDt>
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        <name>CenterPoint Energy Houston Electric, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
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        <name>Walmart Inc.</name>
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        <name>Goldentree Loan Management US CLO 1 Ltd.</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Nippon Life Insurance Co.</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
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        <name>CNH Industrial Capital LLC</name>
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        <name>Constellation Energy Generation, LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
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        <name>Intuit Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit Inc.</title>
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        <name>Electricite de France</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Tennessee Valley Authority</name>
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        <name>Boeing Co. (The)</name>
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        <name>Eli Lilly and Co.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>ONEOK, Inc.</name>
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        <name>American National Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 49 Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Corp.</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-02</maturityDt>
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        <name>Ameriprise Financial, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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        <balance>1056000.00000000</balance>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2084-05-02</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
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          <isin value="US3140QB3Q99"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, TBA</title>
        <cusip>21H050656</cusip>
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          <isin value="US21H0506566"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
        <cusip>637432PB5</cusip>
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          <isin value="US637432PB56"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
        <cusip>04685A3Q2</cusip>
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          <isin value="US04685A3Q28"/>
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        <balance>409000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418711.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.58300000</annualizedRt>
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      <invstOrSec>
        <name>GreenSaif Pipelines Bidco S.a.r.l.</name>
        <lei>549300YWDGUXPB8GRP47</lei>
        <title>GreenSaif Pipelines Bidco S.a.r.l.</title>
        <cusip>39541EAD5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-24</maturityDt>
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        <name>Mid-Atlantic Military Family Communities LLC</name>
        <lei>N/A</lei>
        <title>Mid-Atlantic Military Family Communities LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
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        <name>Solventum Corp.</name>
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        <title>Solventum Corp.</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <invCountry>US</invCountry>
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        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>Subway Funding LLC</name>
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        <name>Eni S.p.A.</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni S.p.A.</title>
        <cusip>26874RAN8</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kite Realty Group, L.P.</name>
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        <name>Peruvian Government International Bond</name>
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        <name>Keurig Dr Pepper Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Cross 2024-H8 Mortgage Trust</name>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <name>1011778 BC ULC / New Red Finance Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <name>SG Residential Mortgage Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <name>Citadel L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bayview MSR Opportunity Master Fund Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Rio Tinto Finance (USA) PLC</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Angel Oak Mortgage Trust</name>
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          <isin value="US03464RAA14"/>
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        <name>Duke Energy Carolinas, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Angel Oak Mortgage Trust</name>
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          <isin value="US03464UAA43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ziply Fiber Issuer LLC</name>
        <lei>N/A</lei>
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        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie</title>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
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        <name>Romanian Government International Bond</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romanian Government International Bond</title>
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        <name>AIA Group Ltd.</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
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        <invCountry>HK</invCountry>
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        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
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        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Rio Tinto Finance (USA) PLC</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance (USA) PLC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>B.A.T Capital Corp.</name>
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          <isin value="US054989AC24"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US12597NAS27"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Zaxby's Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US98920MAA09"/>
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        <balance>4138750.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Ufj Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi Ufj Financial Group, Inc.</title>
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        <balance>883000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-17</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GCAT 2024-INV1 Trust</name>
        <lei>N/A</lei>
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        <cusip>36831BBC7</cusip>
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          <isin value="US36831BBC72"/>
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        <balance>6826261.17000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-25</maturityDt>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
        <cusip>756109CQ5</cusip>
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          <isin value="US756109CQ54"/>
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        <balance>153000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>Mercedes-Benz Finance North America LLC</title>
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          <isin value="US58769JAX54"/>
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        <balance>1588000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1563195.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Obx 2024-Nqm18 Trust</name>
        <lei>254900NK9PNLY9I00149</lei>
        <title>Obx 2024-Nqm18 Trust, Series 2024-NQM18, Class A1</title>
        <cusip>673913AA7</cusip>
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          <isin value="US673913AA73"/>
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        <balance>1310583.15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1313117.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-10-25</maturityDt>
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          <annualizedRt>5.40800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Howmet Aerospace Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace Inc.</title>
        <cusip>443201AC2</cusip>
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          <isin value="US443201AC21"/>
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        <balance>201000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202104.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co.</title>
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        <balance>41000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
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      <invstOrSec>
        <name>M&amp;T Bank Corp.</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp., Series J, Pfd.</title>
        <cusip>55261F864</cusip>
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        <balance>91792.00000000</balance>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co.</title>
        <cusip>595620AX3</cusip>
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        <balance>29000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
        <lei>254900Z1WAY7QFQ7O850</lei>
        <title>South Bow USA Infrastructure Holdings LLC</title>
        <cusip>83007CAE2</cusip>
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        <balance>607000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
        <cusip>539830CD9</cusip>
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          <isin value="US539830CD97"/>
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        <balance>453000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp.</title>
        <cusip>14448CBC7</cusip>
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          <isin value="US14448CBC73"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2022-LBA6, Class C</title>
        <cusip>12433EAJ0</cusip>
        <identifiers>
          <isin value="US12433EAJ01"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>686059.96000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.92186000</annualizedRt>
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      <invstOrSec>
        <name>Columbia Pipelines Operating Co. LLC</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Operating Co. LLC</title>
        <cusip>19828TAF3</cusip>
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          <isin value="US19828TAF30"/>
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        <balance>983000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893333.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.69500000</annualizedRt>
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        <name>Bristol-Myers Squibb Co.</name>
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      <invstOrSec>
        <name>Antero Midstream Partners L.P./ Antero Midstream Finance Corp.</name>
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      <invstOrSec>
        <name>Roper Technologies, Inc.</name>
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        <name>Virgin Islands Public Finance Authority</name>
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        <name>Phillips 66 Co.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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          <maturityDt>2031-04-23</maturityDt>
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        <name>Barclays PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
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        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>MAG Mutual Holding Co.</name>
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        <name>Guatemala Government Bond</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Guatemala Government Bond</title>
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        <invCountry>GT</invCountry>
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        <name>Synopsys, Inc.</name>
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        <title>Synopsys, Inc.</title>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Uniform Mortgage-Backed Securities</name>
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        <name>Brookfield Finance Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance Inc.</title>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie</title>
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      <invstOrSec>
        <name>Arthur J. Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J. Gallagher &amp; Co.</title>
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      <invstOrSec>
        <name>Nordson Corp.</name>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
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        <name>UnitedHealth Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>Mitsubishi Ufj Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-16</maturityDt>
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      <invstOrSec>
        <name>Clover CLO 2021-3 LLC</name>
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        <name>Vodafone Group PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-25</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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        <name>OBX 2024-NQM14 Trust</name>
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        <valUSD>2018345.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-09-25</maturityDt>
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          <annualizedRt>4.94400000</annualizedRt>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
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        <title>Nationwide Building Society</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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          <maturityDt>N/A</maturityDt>
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        <name>Vistra Operations Co. LLC</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-04-15</maturityDt>
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        <name>Smith &amp; Nephew PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>Smith &amp; Nephew PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <name>Volkswagen Group of America Finance, LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance, LLC</title>
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        <name>CenterPoint Energy Houston Electric, LLC</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CenterPoint Energy Houston Electric, LLC, Series AJ</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AGCO Corp.</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
        <title>AGCO Corp.</title>
        <cusip>001084AR3</cusip>
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        <balance>92000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.01800000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MHPA Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MHPA Commercial Mortgage Trust, Series 2021-STOR, Class B</title>
        <cusip>55293BAD7</cusip>
        <identifiers>
          <isin value="US55293BAD73"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611430.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33648000</annualizedRt>
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      <invstOrSec>
        <name>AstraZeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>AstraZeneca Finance LLC</title>
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          <isin value="US04636NAM56"/>
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        <balance>639000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Campbell's Co. (The)</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>Campbell's Co. (The)</title>
        <cusip>134429BL2</cusip>
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          <isin value="US134429BL20"/>
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        <balance>91000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91549.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3138LLLA1</cusip>
        <identifiers>
          <isin value="US3138LLLA12"/>
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        <balance>478364.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>453988.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Starwood Mortgage Residential Trust</name>
        <lei>N/A</lei>
        <title>Starwood Mortgage Residential Trust, Series 2022-1, Class A1</title>
        <cusip>85573TAA2</cusip>
        <identifiers>
          <isin value="US85573TAA25"/>
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        <balance>1513797.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1344243.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.44700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599CF0</cusip>
        <identifiers>
          <isin value="US674599CF00"/>
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        <balance>2738000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bear Stearns Asset Backed Securities I Trust</name>
        <lei>N/A</lei>
        <title>Bear Stearns Asset Backed Securities I Trust, Series 2006-HE9, Class 2A</title>
        <cusip>07389MAD9</cusip>
        <identifiers>
          <isin value="US07389MAD92"/>
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        <balance>79384.61000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78325.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.72109000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Hilton Domestic Operating Co. Inc.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Co. Inc.</title>
        <cusip>432833AP6</cusip>
        <identifiers>
          <isin value="US432833AP66"/>
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        <balance>413000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417611.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EnerSys</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>EnerSys</title>
        <cusip>29275YAC6</cusip>
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          <isin value="US29275YAC66"/>
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        <balance>5311000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5155559.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Rio Tinto Finance (USA) PLC</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance (USA) PLC</title>
        <cusip>76720AAW6</cusip>
        <identifiers>
          <isin value="US76720AAW62"/>
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        <balance>344000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GMN6</cusip>
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        <balance>1004000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Alexander Funding Trust II</name>
        <lei>N/A</lei>
        <title>Alexander Funding Trust II</title>
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        <balance>456000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3140XMMR4</cusip>
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          <isin value="US3140XMMR47"/>
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        <balance>6644535.31000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Hilcorp Energy I, L.P.</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>Hilcorp Energy I, L.P.</title>
        <cusip>431318BG8</cusip>
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          <isin value="US431318BG88"/>
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        <balance>549000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Ellington Financial Mortgage Trust, Series 2019-2, Class A1</title>
        <cusip>31573TAA6</cusip>
        <identifiers>
          <isin value="US31573TAA60"/>
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        <balance>116010.15000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.73900000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XCJ2</cusip>
        <identifiers>
          <isin value="US68389XCJ28"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16001.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Government National Mortgage Association</name>
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        <name>Gabon Blue Bond Master Trust</name>
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        <name>Visio Trust</name>
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        <name>AGL CLO 29 Ltd.</name>
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        <name>Exelon Corp.</name>
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        <name>ING Groep N.V.</name>
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        <name>Keysight Technologies, Inc.</name>
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        <name>Phillips Edison Grocery Center Operating Partnership I, L.P.</name>
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        <name>FIEMEX Energia - Banco Actinver S.A. Institucion de Banca Multiple</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>O'Reilly Automotive, Inc.</name>
        <lei>549300K2RLMQL149Q332</lei>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <name>BMO 2024-5C5 Mortgage Trust</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Meta Platforms, Inc.</name>
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        <name>GXO Logistics, Inc.</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Broadcom Inc.</name>
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        <name>Symphony CLO XXI Ltd.</name>
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        <name>AMC East Communities LLC</name>
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        <name>Citigroup Inc.</name>
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        <name>Credit Suisse Mortgage Capital Trust</name>
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        <name>Australia and New Zealand Banking Group Ltd.</name>
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        <name>Enbridge Inc.</name>
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        <name>Northern States Power Co.</name>
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        <name>Bank of Montreal</name>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <name>CenterPoint Energy Houston Electric, LLC</name>
        <lei>549300S8SEQBOJLKHW63</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Benefit Street Partners CLO XXV Ltd.</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO XXV Ltd., Series 2021-25A, Class A1R</title>
        <cusip>08186YAL8</cusip>
        <identifiers>
          <isin value="US08186YAL83"/>
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        <balance>5715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5671040.22000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
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      <invstOrSec>
        <name>Stena International S.A.</name>
        <lei>213800A4LTGG4W55QP46</lei>
        <title>Stena International S.A.</title>
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          <isin value="US85858EAE32"/>
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        <balance>1571000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>64613CEY0</cusip>
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          <isin value="US64613CEY03"/>
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        <balance>8575000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.09300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2021-NQM2, Class A2</title>
        <cusip>10569EAB7</cusip>
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          <isin value="US10569EAB74"/>
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        <balance>656990.20000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.28000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280DG1</cusip>
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          <isin value="US404280DG12"/>
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        <balance>656000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>664254.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.21000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Phillips Edison Grocery Center Operating Partnership I, L.P.</name>
        <lei>549300WUPIVS6ZE0ZI51</lei>
        <title>Phillips Edison Grocery Center Operating Partnership I, L.P.</title>
        <cusip>71845JAB4</cusip>
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          <isin value="US71845JAB44"/>
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        <balance>112000.00000000</balance>
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        <valUSD>113380.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northern Natural Gas Co.</name>
        <lei>5493007M02M6CT9EXE41</lei>
        <title>Northern Natural Gas Co.</title>
        <cusip>665501AN2</cusip>
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          <isin value="US665501AN23"/>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
        <cusip>14149YBP2</cusip>
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        <balance>108000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773DD9</cusip>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.70700000</annualizedRt>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust, Series 2021-LTV2, Class A1</title>
        <cusip>46654VAA1</cusip>
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          <isin value="US46654VAA17"/>
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        <balance>2000040.61000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.51950000</annualizedRt>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance, LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance, LLC</title>
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        <balance>882000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>875537.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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        <balance>829000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.62500000</annualizedRt>
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        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange, Inc.</title>
        <cusip>45866FAX2</cusip>
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          <isin value="US45866FAX24"/>
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        <balance>11000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>Huntington Ingalls Industries, Inc.</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
        <title>Huntington Ingalls Industries, Inc.</title>
        <cusip>446413BA3</cusip>
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          <isin value="US446413BA37"/>
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        <balance>260000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35300000</annualizedRt>
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      <invstOrSec>
        <name>BP Capital Markets PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
        <title>BP Capital Markets PLC</title>
        <cusip>05565QDX3</cusip>
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          <isin value="US05565QDX34"/>
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        <balance>1697000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1642295.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Radian Group Inc.</name>
        <lei>54930005OUP720S5U385</lei>
        <title>Radian Group Inc.</title>
        <cusip>750236AY7</cusip>
        <identifiers>
          <isin value="US750236AY71"/>
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        <balance>183000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189035.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>New Residential Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mars, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Weir Group Inc.</name>
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        <title>Weir Group Inc.</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <ticker value="WNM5"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Coca-Cola Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-05-13</maturityDt>
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          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
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          <isin value="US83444MAN11"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-25</maturityDt>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-09</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BHP Billiton Finance (USA) Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>Huntington Ingalls Industries, Inc.</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
        <title>Huntington Ingalls Industries, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>CIFC Funding Ltd.</name>
        <lei>54930076OPDXR0U68E20</lei>
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        <invCountry>KY</invCountry>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
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        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>PHINIA Inc.</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA Inc.</title>
        <cusip>71880KAA9</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>McDonald's Corp.</name>
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        <name>Symphony CLO XVI Ltd.</name>
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        <name>Hyundai Capital America</name>
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        <name>GXO Logistics, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Avis Budget Rental Car Funding (AESOP) LLC</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Aethon United BR L.P./ Aethon United Finance Corp.</name>
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        <name>Kroger Co. (The)</name>
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        <name>AS Mileage Plan IP Ltd.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>ICON Investments Six DAC</name>
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        <name>AGCO Corp.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Public Service Co. of Colorado</name>
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        <name>Exelon Corp.</name>
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        <title>Exelon Corp.</title>
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        <name>Invesco High Yield Select ETF</name>
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        <name>HCA Inc.</name>
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        <name>Tricon Residential 2025-SFR1 Trust</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Holcim Finance US LLC</name>
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        <name>Entergy Texas, Inc.</name>
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        <name>Frontier Issuer LLC</name>
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        <name>Public Service Co. of New Hampshire</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
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        <name>Golub Capital Partners CLO 53B Ltd.</name>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
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      <invstOrSec>
        <name>Charter Communications Operating LLC/Charter Communications Operating Capital Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Energy Transfer L.P.</name>
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        <name>Western Midstream Operating, L.P.</name>
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        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-23</maturityDt>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes/Bonds</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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          <maturityDt>2029-04-25</maturityDt>
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          <annualizedRt>4.73100000</annualizedRt>
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        <name>HP Communities LLC</name>
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        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>Horizon Mutual Holdings, Inc.</name>
        <lei>254900R6BWV4LUXBN549</lei>
        <title>Horizon Mutual Holdings, Inc.</title>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
        <cusip>857477CS0</cusip>
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          <maturityDt>N/A</maturityDt>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
        <cusip>98877DAF2</cusip>
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        <balance>176000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-23</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Raizen Fuels Finance S.A.</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>Raizen Fuels Finance S.A.</title>
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        <balance>445000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Symphony CLO XX Ltd.</name>
        <lei>N/A</lei>
        <title>Symphony CLO XX Ltd., Series 2018-20A, Class AR2</title>
        <cusip>87166VAW8</cusip>
        <identifiers>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novartis Capital Corp.</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>Novartis Capital Corp.</title>
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          <isin value="US66989HAW88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Chile Electricity Lux MPC II S.a.r.l.</name>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Affiliated Managers Group, Inc.</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group, Inc.</title>
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          <isin value="US008252AR98"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Invesco Short Duration Total Return Bond ETF</name>
        <lei>549300GDXFVEQHJBTS26</lei>
        <title>Invesco Short Duration Total Return Bond ETF</title>
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          <isin value="US46090A7393"/>
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        <balance>12000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299577.60000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc.</title>
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          <isin value="US02079KAN72"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1356616.02000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</title>
        <cusip>00774MBJ3</cusip>
        <identifiers>
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        <balance>429000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
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        <cusip>12433EAG6</cusip>
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          <isin value="US12433EAG61"/>
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        <balance>1285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1278212.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily Structured Pass Through Ctfs., Series 2017-K066, Class AM</title>
        <cusip>3137F2LK0</cusip>
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          <isin value="US3137F2LK02"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245366.78000000</valUSD>
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        <assetCat>ABS-APCP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>Minerva Luxembourg S.A.</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg S.A.</title>
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        <balance>252000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
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        <balance>5049625.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
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        <balance>1029000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <balance>150000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Veralto Corp.</name>
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        <title>Veralto Corp.</title>
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        <balance>254000.00000000</balance>
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        <name>High Street Funding Trust III</name>
        <lei>N/A</lei>
        <title>High Street Funding Trust III</title>
        <cusip>42981FAA9</cusip>
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        <balance>1015000.00000000</balance>
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      <invstOrSec>
        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
        <cusip>30161NBR1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900BM1HTLL3SKQ481</lei>
        <title>Angel Oak Mortgage Trust, Series 2024-8, Class A1</title>
        <cusip>03465QAA2</cusip>
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        <balance>8054700.41000000</balance>
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        <valUSD>8039646.17000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.33800000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Ellington Financial Mortgage Trust, Series 2021-1, Class A1</title>
        <cusip>31574XAA6</cusip>
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        <name>Carnival Corp.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Credit Suisse Group AG</name>
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        <invCountry>CH</invCountry>
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        <name>WFRBS Commercial Mortgage Trust</name>
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        <name>Store Master Funding I-VII</name>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <name>Mastercard Inc.</name>
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        <name>DTE Energy Co.</name>
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      <invstOrSec>
        <name>Trans-Allegheny Interstate Line Co.</name>
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        <name>Fairfax Financial Holdings Ltd.</name>
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        <name>Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-3</name>
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        <title>Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-3, Series 2017-3, Class HT</title>
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        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
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        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WarnerMedia Holdings, Inc.</title>
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      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>Amazon Conservation DAC</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-16</maturityDt>
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-30</maturityDt>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <name>Extra Space Storage L.P.</name>
        <lei>549300YNKSKNZFR8UC42</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Universal Health Services, Inc.</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>Universal Health Services, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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      <invstOrSec>
        <name>Delta Air Lines Inc / SkyMiles IP Ltd.</name>
        <lei>2549008L7P4I8VB90936</lei>
        <title>Delta Air Lines Inc / SkyMiles IP Ltd.</title>
        <cusip>830867AA5</cusip>
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          <isin value="US830867AA59"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The)</title>
        <cusip>842587EA1</cusip>
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          <isin value="US842587EA18"/>
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        <balance>709000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YGA7</cusip>
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          <isin value="US61747YGA73"/>
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        <balance>603000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>615938.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.66400000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <balance>806000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822674.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.79800000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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        <balance>527000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.99500000</annualizedRt>
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      <invstOrSec>
        <name>Smurfit Kappa Treasury Unlimited Co.</name>
        <lei>635400B3DOXSWFOWJT40</lei>
        <title>Smurfit Kappa Treasury Unlimited Co.</title>
        <cusip>83272GAC5</cusip>
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          <isin value="US83272GAC50"/>
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        <balance>558000.00000000</balance>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-03</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFA8</cusip>
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          <isin value="US61747YFA82"/>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
        <lei>549300ZX07JYMI8GHQ39</lei>
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        <cusip>709599CB8</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-02-01</maturityDt>
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      <invstOrSec>
        <name>Public Storage Operating Co.</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage Operating Co.</title>
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        <balance>60000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <name>Delaware Life Global Funding</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3J0</cusip>
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        <balance>64000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <balance>570000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Blackstone Secured Lending Fund</name>
        <lei>549300KM7KWQHVBNH962</lei>
        <title>Blackstone Secured Lending Fund</title>
        <cusip>09261XAD4</cusip>
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          <isin value="US09261XAD49"/>
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        <balance>771000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>Magnera Corp.</name>
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        <title>Magnera Corp.</title>
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        <balance>303000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinidad &amp; Tobago Government International Bond</name>
        <lei>HYBZ5SXKW67ICKUUWH81</lei>
        <title>Trinidad &amp; Tobago Government International Bond</title>
        <cusip>896292AM1</cusip>
        <identifiers>
          <isin value="US896292AM10"/>
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        <balance>2215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2098064.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc.</title>
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          <isin value="US571903BS13"/>
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        <balance>376000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>369953.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Raising Cane's Restaurants LLC</name>
        <lei>254900V6ADXFWHYOED66</lei>
        <title>Raising Cane's Restaurants LLC, Term Loan B</title>
        <cusip>75101XAP2</cusip>
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          <isin value="US75101XAP24"/>
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        <balance>4987468.67000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-10</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Connecticut Avenue Securities, Series 2022-R04, Class 1M1</title>
        <cusip>20753YCH3</cusip>
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          <isin value="US20753YCH36"/>
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        <balance>642374.50000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.35369000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia (The)</title>
        <cusip>0641598V1</cusip>
        <identifiers>
          <isin value="US0641598V18"/>
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        <balance>731000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>749792.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>378272BS6</cusip>
        <identifiers>
          <isin value="US378272BS65"/>
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        <balance>208000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212139.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37100000</annualizedRt>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>378272BY3</cusip>
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          <isin value="US378272BY34"/>
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        <balance>1685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1702390.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90700000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
        <lei>N/A</lei>
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        <cusip>00774MBQ7</cusip>
        <identifiers>
          <isin value="US00774MBQ78"/>
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        <balance>1313000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1278327.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XDB8</cusip>
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          <isin value="US68389XDB82"/>
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        <balance>716000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFK6</cusip>
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          <isin value="US61747YFK64"/>
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        <balance>63000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64181.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.17300000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bain Capital Credit CLO Ltd.</name>
        <lei>254900DHB4WS9ZL4ED63</lei>
        <title>Bain Capital Credit CLO Ltd., Series 2021-1A, Class AR</title>
        <cusip>05684LAN5</cusip>
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          <isin value="US05684LAN55"/>
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        <balance>2267000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.20947000</annualizedRt>
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      <invstOrSec>
        <name>BHP Billiton Finance (USA) Ltd.</name>
        <lei>5493003NUVITP3TMY274</lei>
        <title>BHP Billiton Finance (USA) Ltd.</title>
        <cusip>055451BE7</cusip>
        <identifiers>
          <isin value="US055451BE76"/>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127476.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae Principal STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Principal STRIPS</title>
        <cusip>31358DDG6</cusip>
        <identifiers>
          <isin value="US31358DDG60"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085842.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>693070AD6</cusip>
        <identifiers>
          <isin value="US693070AD69"/>
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        <balance>827000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867750.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Novartis Capital Corp.</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>Novartis Capital Corp.</title>
        <cusip>66989HAU2</cusip>
        <identifiers>
          <isin value="US66989HAU23"/>
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        <balance>587000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575460.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwest Gas Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICON Investments Six DAC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Union Electric Co.</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-25</maturityDt>
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        <name>American Airlines Pass-Through Trust</name>
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        <cusip>02376LAA3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Uniform Mortgage-Backed Securities</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Securities, TBA</title>
        <cusip>01F050650</cusip>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <title>Jane Street Group / JSG Finance Inc.</title>
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        <name>Mars, Inc.</name>
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        <title>Mars, Inc.</title>
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        <name>Bayview MSR Opportunity Master Fund Trust</name>
        <lei>N/A</lei>
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        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The), Series W</title>
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        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
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        <balance>448000.00000000</balance>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Northern States Power Co.</name>
        <lei>3S1GHB0TEH85KX44SB51</lei>
        <title>Northern States Power Co.</title>
        <cusip>665772CZ0</cusip>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Cleveland-Cliffs Inc.</name>
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        <name>Keurig Dr Pepper Inc.</name>
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        <name>Public Storage Operating Co.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Citigroup Inc.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>AbbVie Inc.</name>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>Republic of Poland Government International Bond</name>
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        <name>American Homes 4 Rent, L.P.</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
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        <name>Rio Tinto Finance (USA) PLC</name>
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        <name>Fannie Mae Connecticut Avenue Securities</name>
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        <name>Xcel Energy Inc.</name>
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        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WarnerMedia Holdings, Inc.</title>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Ufj Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Transfer L.P.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-14</maturityDt>
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        <name>Cousins Properties L.P.</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Pershing Square Holdings, Ltd.</name>
        <lei>U7LC4KOKCTZ0YWGI2G56</lei>
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        <balance>2300000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LG Electronics Inc.</name>
        <lei>988400RMQFTGZIOG0609</lei>
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        <balance>1108000.00000000</balance>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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        <balance>409000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.64500000</annualizedRt>
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        <name>Angel Oak Mortgage Trust</name>
        <lei>254900QN92XYN8GJBJ44</lei>
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        <cusip>034933AA9</cusip>
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          <isin value="US034933AA90"/>
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        <balance>2933169.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2928693.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International Inc.</title>
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        <balance>230000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BPCE S.A.</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE S.A.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-14</maturityDt>
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          <annualizedRt>6.29300000</annualizedRt>
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        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CH1</cusip>
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        <balance>2001000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1965590.78000000</valUSD>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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        <name>Genuine Parts Co.</name>
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        <balance>174000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Australia and New Zealand Banking Group Ltd.</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia and New Zealand Banking Group Ltd.</title>
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              <title>Australia and New Zealand Banking Group Ltd.</title>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676BD6</cusip>
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        <balance>1260000.00000000</balance>
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        <valUSD>1242910.94000000</valUSD>
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        <name>CK Hutchison International (23) Ltd.</name>
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        <name>BBVA Bancomer S.A.</name>
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        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
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        <name>Philip Morris International Inc.</name>
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        <name>Hilton Domestic Operating Co. Inc.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
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        <name>Morgan Stanley</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>American Airlines Pass-Through Trust</name>
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        <name>Corebridge Financial, Inc.</name>
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        <name>Markel Group Inc.</name>
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        <name>Apidos CLO XII</name>
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        <name>Kenvue Inc.</name>
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        <name>Flagstar Mortgage Trust</name>
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        <name>Constellation Brands, Inc.</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Honeywell International Inc.</name>
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        <name>Broadcom Inc.</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>Comerica Inc.</name>
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        <name>Philip Morris International Inc.</name>
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        <name>BHP Billiton Finance (USA) Ltd.</name>
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      <invstOrSec>
        <name>Invitation Homes 2024-SFR1 Trust</name>
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        <name>Romanian Government International Bond</name>
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        <name>PacifiCorp</name>
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        <name>Standard Chartered PLC</name>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <name>ERAC USA Finance LLC</name>
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        <name>Keurig Dr Pepper Inc.</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>Rentokil Terminix Funding, LLC</name>
        <lei>984500D5BAA7560EKJ44</lei>
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        <name>Pacific Beacon LLC</name>
        <lei>549300RDBP3BJOLTTC39</lei>
        <title>Pacific Beacon LLC</title>
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        <curCd>USD</curCd>
        <valUSD>497705.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pacific Beacon LLC</name>
        <lei>549300RDBP3BJOLTTC39</lei>
        <title>Pacific Beacon LLC</title>
        <cusip>69403WAA5</cusip>
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          <isin value="US69403WAA53"/>
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        <balance>22813.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22990.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Blackstone Secured Lending Fund</name>
        <lei>549300KM7KWQHVBNH962</lei>
        <title>Blackstone Secured Lending Fund</title>
        <cusip>09261XAH5</cusip>
        <identifiers>
          <isin value="US09261XAH52"/>
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        <balance>267000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270431.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
        <title>Subway Funding LLC, Series 2024-1A, Class A23</title>
        <cusip>864300AE8</cusip>
        <identifiers>
          <isin value="US864300AE83"/>
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        <balance>2658640.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2700906.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The), Series K</title>
        <cusip>808513CB9</cusip>
        <identifiers>
          <isin value="US808513CB92"/>
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        <balance>28000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27380.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
        <cusip>375558BZ5</cusip>
        <identifiers>
          <isin value="US375558BZ59"/>
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        <balance>81000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82731.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Entergy Texas, Inc.</name>
        <lei>LWXX58X12AJXISQ28573</lei>
        <title>Entergy Texas, Inc.</title>
        <cusip>29365TAQ7</cusip>
        <identifiers>
          <isin value="US29365TAQ76"/>
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        <balance>947000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>948626.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DTE Electric Co.</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co.</title>
        <cusip>23338VAV8</cusip>
        <identifiers>
          <isin value="US23338VAV80"/>
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        <balance>88000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89116.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>21H022655</cusip>
        <identifiers>
          <isin value="US21H0226553"/>
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        <balance>30422321.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25932618.29000000</valUSD>
        <pctVal>1.374122082177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tallgrass Energy Partners L.P./ Tallgrass Energy Finance Corp.</name>
        <lei>549300IQ3DN0F3VERF65</lei>
        <title>Tallgrass Energy Partners L.P./ Tallgrass Energy Finance Corp.</title>
        <cusip>87470LAL5</cusip>
        <identifiers>
          <isin value="US87470LAL53"/>
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        <balance>1092000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1089098.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldentree Loan Management US Clo 8 Ltd.</name>
        <lei>549300LOEERRNVSKVY31</lei>
        <title>Goldentree Loan Management US Clo 8 Ltd., Series 2020-8A, Class ARR</title>
        <cusip>38136NAY2</cusip>
        <identifiers>
          <isin value="US38136NAY22"/>
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        <balance>5223000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5197574.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.41947000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc.</title>
        <cusip>00287YDX4</cusip>
        <identifiers>
          <isin value="US00287YDX40"/>
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        <balance>206000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198181.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Edison Co. of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>Consolidated Edison Co. of New York, Inc.</title>
        <cusip>209111GF4</cusip>
        <identifiers>
          <isin value="US209111GF42"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52859.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Signal Peak CLO 1 Ltd.</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 1 Ltd., Series 2014-1A, Class AR4</title>
        <cusip>82666TAL3</cusip>
        <identifiers>
          <isin value="US82666TAL35"/>
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        <balance>6080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6043538.24000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.35979000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1</title>
        <cusip>10569EAA9</cusip>
        <identifiers>
          <isin value="US10569EAA91"/>
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        <balance>200061.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193254.49000000</valUSD>
        <pctVal>0.010240202482</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.97000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes/Bonds</title>
        <cusip>91282CMW8</cusip>
        <identifiers>
          <isin value="US91282CMW81"/>
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        <balance>4276200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4296077.66000000</valUSD>
        <pctVal>0.227641309232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae Principal STRIPS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Principal STRIPS</title>
        <cusip>31358DDR2</cusip>
        <identifiers>
          <isin value="US31358DDR26"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>699737.59000000</valUSD>
        <pctVal>0.037077816956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto Finance (USA) PLC</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance (USA) PLC</title>
        <cusip>76720AAR7</cusip>
        <identifiers>
          <isin value="US76720AAR77"/>
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        <balance>391000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394428.77000000</valUSD>
        <pctVal>0.020900060172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-14</maturityDt>
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      <invstOrSec>
        <name>South Bow USA Infrastructure Holdings LLC</name>
        <lei>254900Z1WAY7QFQ7O850</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.02600000</annualizedRt>
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      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile S.A.</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-07</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp.</title>
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          <isin value="US369550BR84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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        <balance>368000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380703.39000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.53200000</annualizedRt>
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      <invstOrSec>
        <name>Northriver Midstream Finance L.P.</name>
        <lei>549300SOLNLY3BL6GF18</lei>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193980.83000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Jefferson Capital Holdings, LLC</name>
        <lei>N/A</lei>
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        <cusip>472481AC4</cusip>
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        <balance>2217000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2233862.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214FW8</cusip>
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          <isin value="US961214FW85"/>
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        <balance>797000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>790419.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.61800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773DK3</cusip>
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        <balance>8000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8391.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.33900000</annualizedRt>
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        <name>PACCAR Financial Corp.</name>
        <lei>PH3S12DWZBHHQKVYZ297</lei>
        <title>PACCAR Financial Corp.</title>
        <cusip>69371RT48</cusip>
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        <balance>813000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>805455.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife, Inc., Series G</title>
        <cusip>59156RCQ9</cusip>
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        <balance>954000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>949277.66000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
        <cusip>049560BA2</cusip>
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        <balance>35000.00000000</balance>
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        <valUSD>37242.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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        <name>CommonSpirit Health</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CommonSpirit Health</title>
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        <balance>857000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>849491.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.31800000</annualizedRt>
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        <name>D.R. Horton, Inc.</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>D.R. Horton, Inc.</title>
        <cusip>23331ABS7</cusip>
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        <balance>410000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
        <lei>549300ZX07JYMI8GHQ39</lei>
        <title>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</title>
        <cusip>709599BU7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-24</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3140J9H87</cusip>
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        <balance>278167.85000000</balance>
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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Morgan Stanley Bank, N.A.</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank, N.A.</title>
        <cusip>61690U4T4</cusip>
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        <balance>548000.00000000</balance>
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        <valUSD>550070.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75400000</annualizedRt>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
        <cusip>286181AK8</cusip>
        <identifiers>
          <isin value="US286181AK85"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149425.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.31900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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          <isin value="US06738ECY95"/>
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        <curCd>USD</curCd>
        <valUSD>903232.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-25</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FirstCash, Inc.</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FirstCash, Inc.</title>
        <cusip>33767DAD7</cusip>
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          <isin value="US33767DAD75"/>
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        <balance>2047000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2096888.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>B.A.T Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>B.A.T Capital Corp.</title>
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          <isin value="US05526DBZ78"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115034.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Leidos, Inc.</name>
        <lei>5493006I78VIN6J1BQ95</lei>
        <title>Leidos, Inc.</title>
        <cusip>52532XAJ4</cusip>
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          <isin value="US52532XAJ46"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28708.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Dell International LLC / EMC Corp.</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>Dell International LLC / EMC Corp.</title>
        <cusip>24703TAP1</cusip>
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          <isin value="US24703TAP12"/>
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        <balance>4383000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4305500.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mid-America Apartments, L.P.</name>
        <lei>549300FXWGE3QSYCUJ38</lei>
        <title>Mid-America Apartments, L.P.</title>
        <cusip>59523UAW7</cusip>
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          <isin value="US59523UAW71"/>
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        <balance>459000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470384.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Extra Space Storage L.P.</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>Extra Space Storage L.P.</title>
        <cusip>30225VAJ6</cusip>
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          <isin value="US30225VAJ61"/>
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        <balance>14000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14449.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PacifiCorp</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
        <title>PacifiCorp</title>
        <cusip>695114DC9</cusip>
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          <isin value="US695114DC94"/>
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        <balance>153000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157222.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NNN REIT, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT, Inc.</title>
        <cusip>637417AS5</cusip>
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          <isin value="US637417AS53"/>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37495.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
        <cusip>58013MFV1</cusip>
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          <isin value="US58013MFV19"/>
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        <balance>148000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149479.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, TBA</title>
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          <isin value="US21H0606556"/>
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        <balance>28542000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>POSCO Holdings Inc.</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO Holdings Inc.</title>
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        <balance>860000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Federation des caisses Desjardins du Quebec</name>
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        <title>Federation des caisses Desjardins du Quebec</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-23</maturityDt>
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      <invstOrSec>
        <name>Public Storage Operating Co.</name>
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        <title>Public Storage Operating Co.</title>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-11</maturityDt>
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      <invstOrSec>
        <name>Corebridge Global Funding</name>
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        <title>Corebridge Global Funding</title>
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      <invstOrSec>
        <name>Iliad Holding</name>
        <lei>9695009PXA7OI9NXN582</lei>
        <title>Iliad Holding</title>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
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        <name>Raizen Fuels Finance S.A.</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
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        <title>Netflix, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-25</maturityDt>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BPCE S.A.</name>
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        <title>BPCE S.A.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-14</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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          <isin value="US87264ACW36"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <name>Kimco Realty OP, LLC</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty OP, LLC</title>
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        <balance>453000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAD3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Sempra</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.60000000</annualizedRt>
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        <name>Paychex, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer L.P.</title>
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        <name>Uniform Mortgage-Backed Securities</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
        <cusip>29364GAQ6</cusip>
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          <maturityDt>2054-12-01</maturityDt>
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        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WarnerMedia Holdings, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc.</title>
        <cusip>00287YDW6</cusip>
        <identifiers>
          <isin value="US00287YDW66"/>
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        <name>Apidos CLO XXV</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>DaVita Inc.</name>
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        <name>Enbridge Inc.</name>
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        <title>Enbridge Inc.</title>
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        <name>Brixmor Operating Partnership L.P.</name>
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        <name>Union Electric Co.</name>
        <lei>QMPJLLDULY5C1M8PNY21</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Duke Energy Carolinas, LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Goldentree Loan Management US CLO 5 Ltd.</name>
        <lei>549300O473GD3F35WC55</lei>
        <title>Goldentree Loan Management US CLO 5 Ltd., Series 2019-5A, Class ARR</title>
        <cusip>38138DAY2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
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        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>San Diego Gas &amp; Electric Co.</name>
        <lei>KNIRVXKVNJJ4P8OTMS63</lei>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
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        <name>Buckhorn Park CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR</title>
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        <invCountry>KY</invCountry>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily Structured Pass Through Ctfs., Series 2018-K074, Class AM</title>
        <cusip>3137F4D58</cusip>
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        <name>Entergy Louisiana, LLC</name>
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        <name>Goodman US Finance Six, LLC</name>
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        <name>UBS Group AG</name>
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        <name>Shackleton 2015-VII-R CLO, Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Duke Energy Corp.</name>
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        <title>Duke Energy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Cos., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Life Insurance Co.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Realty Income Corp.</name>
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        <name>COMM Mortgage Trust</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
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        <invCountry>CH</invCountry>
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          <maturityDt>N/A</maturityDt>
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        <name>Pikes Peak CLO 6</name>
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        <name>AstraZeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc.</title>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Meta Platforms, Inc.</name>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Morgan Stanley</name>
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        <name>Cheniere Energy Partners, L.P.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Sysco Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brunswick Corp.</name>
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        <name>Target Corp.</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>X Corp.</name>
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        <name>Energy Transfer L.P.</name>
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        <name>NNN REIT, Inc.</name>
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        <name>TierPoint Issuer LLC</name>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>Lowe`s Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe`s Cos., Inc.</title>
        <cusip>548661ES2</cusip>
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        <name>NiSource Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Transjamaican Highway Ltd.</name>
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        <name>Ingersoll Rand Inc.</name>
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        <name>Southern Co. Gas Capital Corp.</name>
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        <name>Freddie Mac Military Housing Bonds Resecuritization Trust Ctfs.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Guatemala Government Bond</name>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <name>Raizen Fuels Finance S.A.</name>
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        <name>Expedia Group, Inc.</name>
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        <name>Piedmont Healthcare, Inc.</name>
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        <name>GreenSaif Pipelines Bidco S.a.r.l.</name>
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        <name>MidAmerican Energy Co.</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
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        <name>Starwood Mortgage Residential Trust</name>
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        <name>EMRLD Borrower L.P./ Emerald Co-Issuer Inc.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>200 Park Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <balance>879000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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        <name>American Homes 4 Rent, L.P.</name>
        <lei>549300N4PXZ37U8QKI55</lei>
        <title>American Homes 4 Rent, L.P.</title>
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        <balance>443000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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        <balance>64000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-20</maturityDt>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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        <balance>701000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2082-10-31</maturityDt>
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        <name>Rentokil Terminix Funding, LLC</name>
        <lei>984500D5BAA7560EKJ44</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
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        <balance>375000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.80000000</annualizedRt>
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        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-03-20</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Mitsubishi Corp.</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>Mitsubishi Corp.</title>
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        <balance>1069000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>X Corp.</name>
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        <name>AT&amp;T Inc.</name>
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        <name>OBX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>McKesson Corp.</name>
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        <name>CarMax Auto Owner Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Uniform Mortgage-Backed Securities</name>
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        <name>Dollar General Corp.</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
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        <name>VICI Properties L.P.</name>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
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        <name>Philip Morris International Inc.</name>
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        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co. LLC</title>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
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        <name>Energy Transfer L.P.</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer L.P.</title>
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        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc.</title>
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        <name>Citadel L.P.</name>
        <lei>549300IPM6EKPVUPFL67</lei>
        <title>Citadel L.P.</title>
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        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
        <cusip>863667BM2</cusip>
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        <balance>2192000.00000000</balance>
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        <name>AssuredPartners, Inc.</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>RTX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-27</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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        <name>Daimler Truck Finance North America LLC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-18</maturityDt>
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      <invstOrSec>
        <name>MPLX L.P.</name>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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        <name>Venture Global LNG, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>Stryker Corp.</name>
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        <title>Stryker Corp.</title>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Delta Air Lines Inc / SkyMiles IP Ltd.</name>
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        <name>Banco Santander S.A.</name>
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        <name>N/A</name>
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        <name>Genuine Parts Co.</name>
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      <invstOrSec>
        <name>Georgia Power Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PepsiCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novartis Capital Corp.</name>
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        <title>Novartis Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-18</maturityDt>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-15</maturityDt>
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        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-17</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-20</maturityDt>
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      <invstOrSec>
        <name>Symphony CLO XXII Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-18</maturityDt>
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        <name>Venture Global Plaquemines LNG, LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PacifiCorp</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
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        <name>Canadian Pacific Railway Co.</name>
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        <invCountry>CA</invCountry>
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        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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          <maturityDt>2027-01-12</maturityDt>
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        <name>AT&amp;T Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc.</title>
        <cusip>91324PEP3</cusip>
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        <balance>22000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Uniform Mortgage-Backed Securities</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Securities, TBA</title>
        <cusip>01F012452</cusip>
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        <name>ICON Investments Six DAC</name>
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        <name>Honeywell International Inc.</name>
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        <name>Standard Chartered PLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>American Express Co.</name>
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        <name>N/A</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>State Street Corp.</name>
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        <name>Electricite de France</name>
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        <name>Venture Global Plaquemines LNG, LLC</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Zegona Finance PLC</name>
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        <name>Arthur J. Gallagher &amp; Co.</name>
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        <name>Sierra Pacific Power Co.</name>
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        <name>STAR Trust</name>
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        <name>Black Hills Corp.</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
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        <name>BAE Systems PLC</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
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        <name>Corporacion Nacional del Cobre de Chile</name>
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        <name>Citigroup Inc.</name>
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        <name>Chase Home Lending Mortgage Trust</name>
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        <name>Zions Bancorp., N.A.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Sonic Capital LLC</name>
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        <name>Morgan Stanley</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Standard Chartered PLC</name>
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        <name>LPL Holdings, Inc.</name>
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        <name>Chase Home Lending Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>16159GAC3</cusip>
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        <name>Romanian Government International Bond</name>
        <lei>315700IASY927EDWBK92</lei>
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        <name>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund</title>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>HSBC Holdings PLC</name>
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        <name>AMSR Trust</name>
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        <name>BAE Systems PLC</name>
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        <name>FirstEnergy Pennsylvania Electric Co.</name>
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        <name>Hertz Vehicle Financing III L.P.</name>
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      <invstOrSec>
        <name>Quest Diagnostics Inc.</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>Quest Diagnostics Inc.</title>
        <cusip>74834LBD1</cusip>
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          <isin value="US74834LBD10"/>
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        <balance>64000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69497.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GreenSaif Pipelines Bidco S.a.r.l.</name>
        <lei>549300YWDGUXPB8GRP47</lei>
        <title>GreenSaif Pipelines Bidco S.a.r.l.</title>
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          <isin value="US39541EAC75"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996168.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.51000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GCAT Trust</name>
        <lei>N/A</lei>
        <title>GCAT Trust, Series 2019-NQM3, Class A1</title>
        <cusip>36167VAA2</cusip>
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          <isin value="US36167VAA26"/>
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        <balance>165653.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161436.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.68600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TTX Co.</name>
        <lei>549300I8CNSYS1OGX775</lei>
        <title>TTX Co.</title>
        <cusip>87305QCS8</cusip>
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          <isin value="US87305QCS84"/>
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        <balance>847000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>857104.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KKR Financial CLO 2013-1, Ltd.</name>
        <lei>549300ZUUB37M3VWNC17</lei>
        <title>KKR Financial CLO 2013-1, Ltd., Series 2013-1A, Class A1R2</title>
        <cusip>48249VAW1</cusip>
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          <isin value="US48249VAW19"/>
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        <balance>148092.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148141.45000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc.</title>
        <cusip>172967PF2</cusip>
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          <isin value="US172967PF20"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101495.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.17400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WF Card Issuance Trust</name>
        <lei>N/A</lei>
        <title>WF Card Issuance Trust, Series 2024-A1, Class A</title>
        <cusip>92970QAA3</cusip>
        <identifiers>
          <isin value="US92970QAA31"/>
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        <balance>9926000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.94000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
        <cusip>756109CT9</cusip>
        <identifiers>
          <isin value="US756109CT93"/>
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        <balance>591000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>585966.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
        <cusip>760759BC3</cusip>
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          <isin value="US760759BC31"/>
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        <balance>13000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13078.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2018-B3, Class C</title>
        <cusip>08161BBC6</cusip>
        <identifiers>
          <isin value="US08161BBC63"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2129601.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70457900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>L3Harris Technologies, Inc.</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3Harris Technologies, Inc.</title>
        <cusip>502431AQ2</cusip>
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          <isin value="US502431AQ20"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc.</title>
        <cusip>015271BC2</cusip>
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          <isin value="US015271BC21"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3138LKVW4</cusip>
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          <isin value="US3138LKVW49"/>
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        <balance>468676.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>445582.18000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82000000</annualizedRt>
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      <invstOrSec>
        <name>Algonquin Power &amp; Utilities Corp.</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp.</title>
        <cusip>015857AF2</cusip>
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          <isin value="US015857AF21"/>
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        <balance>156000.00000000</balance>
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        <valUSD>157053.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.36500000</annualizedRt>
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      <invstOrSec>
        <name>Columbia Pipelines Holding Co. LLC</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Holding Co. LLC</title>
        <cusip>19828AAA5</cusip>
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          <isin value="US19828AAA51"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29417.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>Sumitomo Mitsui Trust Bank, Ltd.</title>
        <cusip>86563VBG3</cusip>
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        <balance>555000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Raising Cane's Restaurants, L.L.C.</name>
        <lei>254900V6ADXFWHYOED66</lei>
        <title>Raising Cane's Restaurants, L.L.C.</title>
        <cusip>75103AAA3</cusip>
        <identifiers>
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        <balance>6885000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree CLO 2021-2 Ltd.</name>
        <lei>N/A</lei>
        <title>Oaktree CLO 2021-2 Ltd., Series 2021-2A, Class AR</title>
        <cusip>67389BAQ8</cusip>
        <identifiers>
          <isin value="US67389BAQ86"/>
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        <balance>6445000.00000000</balance>
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        <name>Westpac Banking Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cross 2024-H2 Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer L.P.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Morgan Stanley Bank, N.A.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>Africa Finance Corp.</name>
        <lei>213800LXFHRRXIJRXW97</lei>
        <title>Africa Finance Corp.</title>
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        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>Nippon Life Insurance Co.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-30</maturityDt>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <name>UPMC</name>
        <lei>5493001YCBUGKVU74S74</lei>
        <title>UPMC</title>
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        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
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        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
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        <name>Eli Lilly and Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>Los Angeles (City of), CA Department of Water &amp; Power</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Rio Tinto Finance (USA) PLC</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance (USA) PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Mars, Inc.</name>
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        <name>American Express Co.</name>
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        <name>WEST Trust 2025-ROSE</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>New Gold Inc.</name>
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        <name>Vistra Corp.</name>
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        <name>Ohio Power Co.</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Romanian Government International Bond</name>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
        <lei>549300Q4PPEXLDSOKL32</lei>
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      <invstOrSec>
        <name>Oceanview Mortgage Trust</name>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Graphic Packaging International, LLC</name>
        <lei>SO75N4VY5NXGQSK8YQ65</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>5493005BBCF84ICNQ550</lei>
        <title>GS Mortgage Securities Trust, Series 2020-GC45, Class A5</title>
        <cusip>36258YBG2</cusip>
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        <balance>1560000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.91060000</annualizedRt>
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        <name>VICI Properties L.P.</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI Properties L.P.</title>
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        <balance>103000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc.</title>
        <cusip>718172DG1</cusip>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599EJ0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XEF9</cusip>
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        <balance>7000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
        <cusip>38141GB29</cusip>
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        <balance>437000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. L.P. / PTL Finance Corp.</name>
        <lei>549300ZX07JYMI8GHQ39</lei>
        <title>Penske Truck Leasing Co. L.P. / PTL Finance Corp.</title>
        <cusip>709599BS2</cusip>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Nordson Corp.</name>
        <lei>14OS6Q5N55N95WM84M53</lei>
        <title>Nordson Corp.</title>
        <cusip>655663AB8</cusip>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456BAX9</cusip>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>Brandywine Operating Partnership, L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>Brandywine Operating Partnership, L.P.</title>
        <cusip>105340AS2</cusip>
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        <balance>1037000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
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        <name>Enel Finance International N.V.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sonic Capital LLC</name>
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          <isin value="US83546DAN84"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Campbell's Co. (The)</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Genuine Parts Co.</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>Genuine Parts Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>B.A.T Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>B.A.T Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rate Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust, Series 2024-J4, Class A1</title>
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          <isin value="US75408TAA43"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>AvalonBay Communities, Inc.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc.</title>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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      <invstOrSec>
        <name>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>POSCO Holdings Inc.</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO Holdings Inc.</title>
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        <invCountry>KR</invCountry>
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      <invstOrSec>
        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Life Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Life Mortgage Trust, Series 2021-BMR, Class C</title>
        <cusip>53218CAE0</cusip>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>One Bryant Park Trust</name>
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        <name>Americold Realty Operating Partnership, L.P.</name>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Oracle Corp.</name>
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        <name>F&amp;G Annuities &amp; Life, Inc.</name>
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        <name>Keybank N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RB Global Holdings Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Illinois (State of)</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>OPEC Fund for International Development (The)</name>
        <lei>HHX3T53LK1P186EUNV37</lei>
        <title>OPEC Fund for International Development (The)</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Electricite de France</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>Electricite de France</title>
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        <balance>685000.00000000</balance>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc., Series W</title>
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        <debtSec>
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      <invstOrSec>
        <name>PPM CLO 3 Ltd.</name>
        <lei>549300UEAJV6RALDS969</lei>
        <title>PPM CLO 3 Ltd., Series 2019-3A, Class AR</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>British Airways Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>British Airways Pass-Through Trust</title>
        <cusip>11042CAA8</cusip>
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        <balance>144877.92000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Credit Suisse Mortgage Capital Trust</name>
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      <invstOrSec>
        <name>Plains All American Pipeline, L.P.</name>
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      <invstOrSec>
        <name>HCA Inc.</name>
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        <name>Bank of New York Mellon (The)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <name>ERAC USA Finance LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
        <title>ERAC USA Finance LLC</title>
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        <name>Pricoa Global Funding I</name>
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      <invstOrSec>
        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <name>Mitsubishi Ufj Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi Ufj Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Sealed Air Corp./Sealed Air Corp US</name>
        <lei>N/A</lei>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>Nasdaq, Inc.</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>Nasdaq, Inc.</title>
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        <name>WarnerMedia Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WarnerMedia Holdings, Inc.</title>
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        <name>GATX Corp.</name>
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        <title>GATX Corp.</title>
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        <name>National Securities Clearing Corp.</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Tractor Supply Co.</name>
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        <title>Tractor Supply Co.</title>
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        <name>Brookfield Asset Management Ltd.</name>
        <lei>549300CZ84WPNJZKY093</lei>
        <title>Brookfield Asset Management Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300SGFUCMB43V8P22</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class XA</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-01-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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          <isin value="US3132DVKR59"/>
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        <balance>1463327.98000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy, Inc.</title>
        <cusip>25278XBB4</cusip>
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          <isin value="US25278XBB47"/>
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        <balance>123000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX Corp.</title>
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          <isin value="US75513ECX76"/>
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        <balance>54000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kenvue Inc.</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
        <title>Kenvue Inc.</title>
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          <isin value="US49177JAR32"/>
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        <balance>28000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25967.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
        <title>Aviation Capital Group LLC</title>
        <cusip>05369AAP6</cusip>
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          <isin value="US05369AAP66"/>
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        <balance>112000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118580.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3B7</cusip>
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          <isin value="US95000U3B74"/>
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        <balance>9000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8844.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.89700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3G6</cusip>
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          <isin value="US95000U3G61"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53836.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.30300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCP S.A.</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP S.A.</title>
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          <isin value="US67091TAH86"/>
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        <balance>1527000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The), Conv. Pfd.</title>
        <cusip>097023204</cusip>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HP Communities LLC</name>
        <lei>N/A</lei>
        <title>HP Communities LLC</title>
        <cusip>44329HAK0</cusip>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy, Inc.</title>
        <cusip>25278XAX7</cusip>
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          <isin value="US25278XAX75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Rate Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust, Series 2025-J1, Class A4</title>
        <cusip>75410CAD1</cusip>
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          <isin value="US75410CAD11"/>
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        <balance>2161726.39000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>U.S. Treasury Notes/Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes/Bonds</title>
        <cusip>912810UE6</cusip>
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          <isin value="US912810UE63"/>
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        <balance>82695100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
        <cusip>693475BT1</cusip>
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        <balance>85000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust, Series 2021-R1, Class A1</title>
        <cusip>92538BAA1</cusip>
        <identifiers>
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        <balance>389457.12000000</balance>
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        <valUSD>375192.05000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-10-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Nasdaq, Inc.</name>
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        <name>Athene Holding Ltd.</name>
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        <name>Regal Rexnord Corp.</name>
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        <name>Lockheed Martin Corp.</name>
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        <name>Ingersoll Rand Inc.</name>
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        <name>Kite Realty Group, L.P.</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>Lockheed Martin Corp.</name>
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        <name>AIA Group Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
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        <name>Flagstar Mortgage Trust</name>
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        <name>Citigroup Inc.</name>
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        <name>Allianz SE</name>
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        <name>Stryker Corp.</name>
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        <name>Ameren Illinois Co.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5</name>
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        <name>American Honda Finance Corp.</name>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. L.P./ PTL Finance Corp.</name>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <name>AutoZone, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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        <name>Fannie Mae Principal STRIPS</name>
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        <title>Fannie Mae Principal STRIPS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Australia and New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>WEC Energy Group Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <invCountry>JP</invCountry>
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        <name>Boeing Co. (The)</name>
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        <name>UBS Group AG</name>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp., Series B</title>
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        <invCountry>US</invCountry>
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          <maturityDt>N/A</maturityDt>
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        <name>Textainer Marine Containers VII Ltd.</name>
        <lei>549300X48KLHDDGPK024</lei>
        <title>Textainer Marine Containers VII Ltd., Series 2021-2A, Class A</title>
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        <name>PMT Loan Trust 2025-INV1</name>
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        <name>Agree L.P.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>ZF North America Capital, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Constellation Energy Generation, LLC</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>Subway Funding LLC</name>
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        <name>Dominican Republic International Bond</name>
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        <title>Dominican Republic International Bond</title>
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        <invCountry>DO</invCountry>
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        <name>Sempra</name>
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        <name>Freddie Mac STRIPS</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac STRIPS</title>
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        <name>Southwestern Electric Power Co.</name>
        <lei>R64UBJHEC74EB3HGQ410</lei>
        <title>Southwestern Electric Power Co.</title>
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        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
        <cusip>00138CBA5</cusip>
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        <balance>427000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fort Greene Park CLO LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue Securities</name>
        <lei>N/A</lei>
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        <cusip>20755AAB8</cusip>
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          <isin value="US20755AAB89"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPMorgan Chase &amp; Co.</title>
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          <isin value="US46647PES11"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-29</maturityDt>
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      <invstOrSec>
        <name>Coty Inc.</name>
        <lei>549300BO9IWPF3S48F93</lei>
        <title>Coty Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Duke Energy Carolinas, LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
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        <balance>227000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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      <invstOrSec>
        <name>Global Atlantic (Fin) Co.</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic (Fin) Co.</title>
        <cusip>37959GAG2</cusip>
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          <isin value="US37959GAG29"/>
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        <balance>923000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939631.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
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      <invstOrSec>
        <name>MSC Trust 2021-ILP</name>
        <lei>N/A</lei>
        <title>MSC Trust 2021-ILP, Series 2021-ILP, Class A</title>
        <cusip>62479WAA9</cusip>
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          <isin value="US62479WAA99"/>
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        <balance>5354294.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5331021.11000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21438000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GFP9</cusip>
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          <isin value="US59217GFP90"/>
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        <balance>662000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>668479.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <balance>1622000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1537858.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>KKR CLO 15 Ltd.</name>
        <lei>549300K434Q30JZAS486</lei>
        <title>KKR CLO 15 Ltd., Series 15, Class A1R2</title>
        <cusip>48251MBA3</cusip>
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          <isin value="US48251MBA36"/>
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        <balance>6350079.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6345539.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36947000</annualizedRt>
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      <invstOrSec>
        <name>Citizens Financial Group, Inc.</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group, Inc.</title>
        <cusip>174610BE4</cusip>
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          <isin value="US174610BE40"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14545.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.64100000</annualizedRt>
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        <name>Travelers Cos., Inc. (The)</name>
        <lei>549300Y650407RU8B149</lei>
        <title>Travelers Cos., Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>OCP S.A.</name>
        <lei>213800D26TAPVTCVWG40</lei>
        <title>OCP S.A.</title>
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        <invCountry>MA</invCountry>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.89300000</annualizedRt>
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        <name>Arthur J. Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J. Gallagher &amp; Co.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-15</maturityDt>
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        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BY7</cusip>
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        <balance>1121000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>GreenSaif Pipelines Bidco S.a.r.l.</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Niagara Mohawk Power Corp.</name>
        <lei>3T97Y9RR5EN5Y18QHB56</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>3.31000000</annualizedRt>
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        <name>Bank of New York Mellon (The)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-20</maturityDt>
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        <name>Novartis Capital Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-18</maturityDt>
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        <name>Invitation Homes Operating Partnership L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-29</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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          <maturityDt>2028-07-25</maturityDt>
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          <annualizedRt>4.80800000</annualizedRt>
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        <name>Morgan Stanley</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Sumitomo Mitsui Trust Bank, Ltd.</name>
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        <name>GA Global Funding Trust</name>
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        <invCountry>US</invCountry>
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        <name>Glencore Funding LLC</name>
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        <name>Freddie Mac Multifamily Structured Pass Through Ctfs.</name>
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        <name>Verus Securitization Trust</name>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>Republic of Kenya Government International Bond</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Republic of Kenya Government International Bond</title>
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        <balance>1772000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558874.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, TBA</title>
        <cusip>21H020659</cusip>
        <identifiers>
          <isin value="US21H0206597"/>
        </identifiers>
        <balance>4826634.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3938939.99000000</valUSD>
        <pctVal>0.208717236343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hudbay Minerals Inc.</name>
        <lei>549300WI524AL577IX21</lei>
        <title>Hudbay Minerals Inc.</title>
        <cusip>443628AH5</cusip>
        <identifiers>
          <isin value="US443628AH54"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989928.79000000</valUSD>
        <pctVal>0.158430866044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc.</title>
        <cusip>444859BZ4</cusip>
        <identifiers>
          <isin value="US444859BZ42"/>
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        <balance>49000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50837.84000000</valUSD>
        <pctVal>0.002693804295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
        <cusip>595112CH4</cusip>
        <identifiers>
          <isin value="US595112CH45"/>
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        <balance>1148000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1164509.59000000</valUSD>
        <pctVal>0.061705236418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
        <cusip>38141GC51</cusip>
        <identifiers>
          <isin value="US38141GC514"/>
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        <balance>2015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1964191.84000000</valUSD>
        <pctVal>0.104078938377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.73400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navient Refinance Loan Trust 2025-A</name>
        <lei>N/A</lei>
        <title>Navient Refinance Loan Trust 2025-A, Series 2025-A, Class A</title>
        <cusip>63943FAA2</cusip>
        <identifiers>
          <isin value="US63943FAA21"/>
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        <balance>2479000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2503474.18000000</valUSD>
        <pctVal>0.132654524677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Bank USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>Goldman Sachs Bank USA</title>
        <cusip>38151LAF7</cusip>
        <identifiers>
          <isin value="US38151LAF76"/>
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        <balance>440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443017.41000000</valUSD>
        <pctVal>0.023474683468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.28300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XCU7</cusip>
        <identifiers>
          <isin value="US68389XCU72"/>
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        <balance>1065000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>944735.67000000</valUSD>
        <pctVal>0.050059817772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
        <cusip>459200LK5</cusip>
        <identifiers>
          <isin value="US459200LK58"/>
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        <balance>3662000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3554019.19000000</valUSD>
        <pctVal>0.188320986136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3605754.61000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MFA Trust</name>
        <lei>N/A</lei>
        <title>MFA Trust, Series 2021-INV2, Class A1</title>
        <cusip>552732AA7</cusip>
        <identifiers>
          <isin value="US552732AA78"/>
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        <balance>3308567.38780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2943954.66000000</valUSD>
        <pctVal>0.155994780858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd.</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
        <cusip>00131LAS4</cusip>
        <identifiers>
          <isin value="US00131LAS43"/>
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        <balance>1241000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1129171.27000000</valUSD>
        <pctVal>0.059832723380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="484848.65000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp., Series P</title>
        <cusip>89832QAE9</cusip>
        <identifiers>
          <isin value="US89832QAE98"/>
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        <balance>276000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274652.90000000</valUSD>
        <pctVal>0.014553355569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="271313.66000000"/>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
        <cusip>571748BT8</cusip>
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          <isin value="US571748BT86"/>
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        <balance>17000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16257.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Actively Managed Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
