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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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          <isin value="US00206RHJ41"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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      <invstOrSec>
        <name>Duke Energy Carolinas LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
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          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Archer-Daniels-Midland Co.</name>
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          <isin value="US0394831020"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
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          <isin value="US032095AR24"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Unilever plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <balance>290000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308KM8</cusip>
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          <isin value="US694308KM84"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113737.28000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <cusip>548661EP8</cusip>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310625.37000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Gentex Corp.</name>
        <lei>549300S3UD8XV1MN0287</lei>
        <title>Gentex Corp.</title>
        <cusip>371901109</cusip>
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          <isin value="US3719011096"/>
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        <balance>143552.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3126562.56000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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          <isin value="US21036PBP27"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336651.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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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          <annualizedRt>4.45000000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <invCountry>US</invCountry>
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        <name>Intel Corp.</name>
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        <name>United States of America</name>
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        <name>Alphabet, Inc.</name>
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        <title>Alphabet, Inc., Class C</title>
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        <name>Boston Scientific Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Morgan Stanley Bank NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank NA</title>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Electric and Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
        <title>Virginia Electric and Power Co.</title>
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      <invstOrSec>
        <name>Everest Group Ltd.</name>
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          <isin value="BMG3223R1088"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Ohio, Inc.</name>
        <lei>L6KC0HABGHNFU1Z6QY21</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-14</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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        <name>Gaming and Leisure Properties, Inc.</name>
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        <title>Gaming and Leisure Properties, Inc.</title>
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          <isin value="US36467J1088"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe's Cos., Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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        <name>General Motors Financial Co., Inc.</name>
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        <title>General Motors Financial Co., Inc.</title>
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        <balance>595000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-10</maturityDt>
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      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Products Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-31</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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          <maturityDt>2028-11-02</maturityDt>
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        <name>Blackstone Holdings Finance Co. LLC</name>
        <lei>549300D2L6J4NC1QVZ22</lei>
        <title>Blackstone Holdings Finance Co. LLC</title>
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        <name>HSBC Holdings plc</name>
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        <invCountry>GB</invCountry>
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        <name>Johnson &amp; Johnson</name>
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        <name>N/A</name>
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          <other otherDesc="Future Ticker" value="UXYM5 Comdty"/>
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        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
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        <name>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Simon Property Group LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
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          <isin value="US95000U3T82"/>
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        <curCd>USD</curCd>
        <valUSD>602500.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-23</maturityDt>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-22</maturityDt>
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        <name>U.S. Bancorp</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>Middleby Corp. (The)</name>
        <lei>JDFO86U9VQRBKW5KYA35</lei>
        <title>Middleby Corp. (The)</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
        <cusip>00138CBA5</cusip>
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          <isin value="US00138CBA53"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330578.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-24</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>BRAVO Residential Funding Trust</name>
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        <valUSD>373673.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-10-25</maturityDt>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
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        <name>Southwest Gas Corp.</name>
        <lei>OQQR1IQTGBKH0UR88X59</lei>
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        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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        <name>Regions Financial Corp.</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp.</title>
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        <assetCat>EC</assetCat>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>Knight-Swift Transportation Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Knight-Swift Transportation Holdings, Inc.</title>
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        <name>Raymond James Financial, Inc.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
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        <name>U.S. Foods Holding Corp.</name>
        <lei>549300UGOZSO64CFPR97</lei>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Johnson Controls International plc</name>
        <lei>549300XQ6S1GYKGBL205</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KKR &amp; Co., Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Entergy Arkansas LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
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        <title>Hewlett Packard Enterprise Co.</title>
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          <isin value="US42824CBT53"/>
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        <balance>270000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
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          <isin value="US693304BF31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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          <isin value="US55336VBX73"/>
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        <balance>385000.00000000</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>2034-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>Targa Resources 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>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
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          <isin value="US91282CMM00"/>
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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>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>373463.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <assetCat>ABS-MBS</assetCat>
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        <name>Energy Transfer LP</name>
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        <name>Adobe, Inc.</name>
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        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>T-Mobile USA, Inc.</name>
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        <name>N/A</name>
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          <other otherDesc="Future Ticker" value="TYM5 Comdty"/>
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        <name>Industria de Diseno Textil SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria de Diseno Textil SA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Warnermedia Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.05400000</annualizedRt>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-22</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>JB Hunt Transport Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
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          <annualizedRt>4.90000000</annualizedRt>
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        <name>Diamondback Energy, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Southern Co. (The)</name>
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        <balance>220000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-06</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citizens Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-19</maturityDt>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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          <maturityDt>2026-07-17</maturityDt>
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        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
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          <maturityDt>2029-01-12</maturityDt>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <name>Nasdaq, Inc.</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>Nasdaq, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
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        <name>Huntington Bancshares, Inc.</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares, Inc.</title>
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        <name>Vanguard Russell 1000 Value</name>
        <lei>N/A</lei>
        <title>Vanguard Russell 1000 Value</title>
        <cusip>92206C714</cusip>
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        <invCountry>US</invCountry>
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        <name>Charles Schwab Corp. (The)</name>
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        <title>Charles Schwab Corp. (The)</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amdocs Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAE Systems plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Daimler Truck Finance North America LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Home Depot, Inc. (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Paramount Global</name>
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        <title>Paramount Global</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Antero Resources Corp.</name>
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        <name>Amgen, Inc.</name>
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        <name>Patterson-UTI Energy, Inc.</name>
        <lei>254900XGFBKIXD6G0697</lei>
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        <name>NYLI U.S. Government Liquidity Fund</name>
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        <name>Waste Connections, Inc.</name>
        <lei>549300HDLRTPBQU69P29</lei>
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        <invCountry>CA</invCountry>

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        <name>Cisco Systems, Inc.</name>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp.</title>
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        <name>Corning, Inc.</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>Corning, Inc.</title>
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        <name>Oracle Corp.</name>
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        <name>Deutsche Bank AG</name>
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        <name>Morgan Stanley</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
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        <name>Axalta Coating Systems Ltd.</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>American Tower Corp.</name>
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        <name>Arizona Public Service Co.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>United States of America</name>
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        <name>Roche Holding AG</name>
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        <name>iShares Intermediate Government/Credit Bond ETF</name>
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        <name>HSBC Holdings plc</name>
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        <name>Global Payments, Inc.</name>
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        <name>F5, Inc.</name>
        <lei>54930015FPK9KT966303</lei>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Vanguard Intermediate-Term Treasury ETF</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Georgia Power Co.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>ConocoPhillips</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Crown Castle, Inc.</name>
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        <name>Southern Co. (The)</name>
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        <name>Broadcom, Inc.</name>
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        <name>Lennar Corp.</name>
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        <name>Targa Resources Partners LP</name>
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        <name>Duke Energy Corp.</name>
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        <name>L3Harris Technologies, Inc.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>Coterra Energy, Inc.</name>
        <lei>FCNMH6O7VWU7LHXMK351</lei>
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        <name>Kenvue, Inc.</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>UBS Group AG</name>
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        <name>QUALCOMM, Inc.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>LPL Financial Holdings, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>MetLife, Inc.</name>
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        <name>GA Global Funding Trust</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Lincoln Financial Global Funding</name>
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        <name>Ares Management Corp.</name>
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        <name>CenterPoint Energy Resources Corp.</name>
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        <name>Invesco US CLO Ltd.</name>
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        <name>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
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        <name>U.S. Bancorp</name>
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        <name>3M Co.</name>
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        <name>Amgen, Inc.</name>
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        <name>STORE Master Funding I-VII XIV XIX XX</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>WEC Energy Group, Inc.</name>
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        <name>Marathon Petroleum Corp.</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>Citigroup, Inc.</name>
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        <name>PACCAR, Inc.</name>
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        <name>NXP Semiconductors NV</name>
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        <name>UBS Group AG</name>
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        <name>Florida Power &amp; Light Co.</name>
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        <name>Sempra</name>
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        <name>Columbia Pipelines Operating Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
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          <isin value="US0268747849"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
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          <isin value="US26875P1012"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
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        <title>Gilead Sciences, Inc.</title>
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          <isin value="US3755581036"/>
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        <fairValLevel>1</fairValLevel>
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        <name>UnitedHealth Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Appalachian Power Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AerCap Ireland Capital DAC</name>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-10</maturityDt>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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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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          <maturityDt>2036-04-23</maturityDt>
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        <name>Morgan Stanley</name>
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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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        <name>Oracle Corp.</name>
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        <name>Targa Resources Corp.</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <invCountry>FR</invCountry>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
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        <title>Occidental Petroleum Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Electric Power Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Fortune Brands Innovations, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-25</maturityDt>
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        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <assetCat>EC</assetCat>
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        <name>M&amp;T Bank Corp.</name>
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        <title>M&amp;T Bank Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>RGA Global Funding</name>
        <lei>549300Y22K5FOEBMSK42</lei>
        <title>RGA Global Funding</title>
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          <isin value="US76209PAC77"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>740668.57000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89788MAM4</cusip>
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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>2034-01-26</maturityDt>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAQ3</cusip>
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        <valUSD>207877.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Newmont Corp.</name>
        <lei>N/A</lei>
        <title>Newmont Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <name>Ares Management Corp.</name>
        <lei>529900JUV61FH7B8VW38</lei>
        <title>Ares Management Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CubeSmart LP</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-12-15</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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        <name>Credit Agricole SA</name>
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        <invCountry>FR</invCountry>
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        <name>BAE Systems plc</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <name>H&amp;R Block, Inc.</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CMU2</cusip>
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        <balance>9700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9820492.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GJZ3</cusip>
        <identifiers>
          <isin value="US06051GJZ37"/>
        </identifiers>
        <balance>865000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805545.06000000</valUSD>
        <pctVal>0.186978952676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.08700000</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>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5 Year Notes</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="FVM5COM"/>
          <other otherDesc="Future Ticker" value="FVM5 Comdty"/>
        </identifiers>
        <balance>96.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>164729.61000000</valUSD>
        <pctVal>0.038236185015</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury 5 Year Notes</issueTitle>
                <identifiers>
                  <ticker value="FVM5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-06-30</expDate>
            <notionalAmt>10482750.05000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>164729.61000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Country classifications may be different than those used for compliance monitoring purposes." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>NEW YORK LIFE INVESTMENTS FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Jack Benintende</ncom:signature>
      <ncom:signerName>Jack Benintende</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
