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        <name>Humana Inc.</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>UNITED AIRLINES INC</name>
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        <name>Uber Technologies Inc</name>
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        <name>Southern Copper Corporation</name>
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        <name>Bristol-Myers Squibb Company</name>
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        <name>Comcast Corporation</name>
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        <name>Target Corp.</name>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Automatic Data Processing, Inc.</name>
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        <name>Broadcom Inc</name>
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        <name>Albemarle Corp</name>
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        <name>Rogers Communications Inc.</name>
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        <title>RCICN 5 02/15/29</title>
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        <name>Bank of America Corp.</name>
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        <name>Royalty Pharma PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Elevance Health Inc.</name>
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        <name>General Motors Company</name>
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          <maturityDt>2048-04-01</maturityDt>
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        <name>Northrop Grumman Corporation</name>
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        <name>NVIDIA Corp.</name>
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          <maturityDt>2031-06-15</maturityDt>
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        <name>The Sherwin-Williams Company</name>
        <lei>Z15BMIOX8DDH0X2OBP21</lei>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 4.522 09/15/48</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-15</maturityDt>
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          <annualizedRt>4.52200000</annualizedRt>
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        <name>JBS USA HOLDING LUX SARL</name>
        <lei>RB8RC03FUD8DSX57C193</lei>
        <title>JBS 5.5 01/15/36</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Prologis, L.P.</name>
        <lei>GL16H1DHB0QSHP25F723</lei>
        <title>PLD 2.25 04/15/30</title>
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        <name>Darden Restaurants, Inc.</name>
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        <title>DRI 6.3 10/10/33</title>
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        <name>Constellation Brands, Inc.</name>
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        <title>STZ 3.15 08/01/29</title>
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        <name>American Water Capital Corp</name>
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        <name>The Cigna Group</name>
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        <title>CI 2.375 03/15/31</title>
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        <name>Southern Copper Corporation</name>
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        <title>SCCO 5.25 11/08/42</title>
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        <name>Albemarle Corp</name>
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        <title>ALB 5.05 06/01/32</title>
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        <name>Evergy Kansas Central Inc.</name>
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        <title>EVRG 5.9 11/15/33</title>
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        <name>Aetna, Inc.</name>
        <lei>549300QKBENKLBXQ8968</lei>
        <title>AET 3.875 08/15/47</title>
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        <name>Exelon Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Conagra Brands Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
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        <name>Citigroup Inc.</name>
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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>2035-06-11</maturityDt>
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      <invstOrSec>
        <name>Shell Finance US Inc.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-12</maturityDt>
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        <name>Roper Technologies Inc</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROP 4.9 10/15/34</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
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          <annualizedRt>4.90000000</annualizedRt>
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        <name>Piedmont Healthcare Inc.</name>
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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>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.71900000</annualizedRt>
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        <name>GE Aerospace</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE 5.875 01/14/38 MTN</title>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649542.80000000</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>2038-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AXP 3.3 05/03/27</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 5.8 03/15/65</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Halliburton Company</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>HAL 7.45 09/15/39</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Truist Financial Corp.</name>
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        <title>TFC V4.964 10/23/36 MTN</title>
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        <invCountry>US</invCountry>
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        <name>Rogers Communications Inc.</name>
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        <title>RCICN 5.3 02/15/34</title>
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        <invCountry>CA</invCountry>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <name>American International Group Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>AIG 6.25 05/01/36</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>MONTEFIORE MEDICAL CENTER</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Kaiser Foundation Hospitals</name>
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        <name>HP Inc</name>
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        <name>Broadcom Inc</name>
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        <name>Shell Finance US Inc.</name>
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        <name>Southern Co.</name>
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        <name>Pacific Gas and Electric Company</name>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>The Kroger Co.</name>
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        <name>Air Products &amp; Chemicals, Inc.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>The Hartford Insurance Group Inc.</name>
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        <name>Intel Corporation</name>
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        <title>INTC 5.15 02/21/34</title>
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        <name>Southwestern Public Service Company</name>
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        <title>XEL 4.5 08/15/41</title>
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        <name>B.A.T. Capital Corporation</name>
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        <name>Shell Finance US Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Banner Health</name>
        <lei>PLD0E0WJKFN8IZJ2WD85</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 4.101 03/01/28</title>
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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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BPLN 3 02/24/50</title>
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        <balance>111000.00000000</balance>
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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>2050-02-24</maturityDt>
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        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>BABA 4.4 12/06/57</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 2.9 02/10/29</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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      <invstOrSec>
        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO 6.45 06/15/34</title>
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        <balance>285000.00000000</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Jacobs Engineering Group Inc.</name>
        <lei>549300CZ8QS1GE53O776</lei>
        <title>J 5.9 03/01/33</title>
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        <balance>228000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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        <name>The Allstate Corporation</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>ALL 3.85 08/10/49</title>
        <cusip>020002BG5</cusip>
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        <balance>100000.00000000</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>2049-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UPS 3.75 11/15/47</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>MUFG V2.852 01/19/33</title>
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        <invCountry>JP</invCountry>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 5.15 06/15/29</title>
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        <name>Corning Incorporated</name>
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        <title>GLW 5.45 11/15/79</title>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 2.987 11/01/63</title>
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        <name>Southern Copper Corporation</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>SCCO 7.5 07/27/35</title>
        <cusip>84265VAA3</cusip>
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        <name>Alabama Power Co.</name>
        <lei>0RL818ELFOHP5JHOFU19</lei>
        <title>SO 5.85 11/15/33</title>
        <cusip>010392GB8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>STZ 2.875 05/01/30</title>
        <cusip>21036PBF4</cusip>
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        <balance>60000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom Inc</name>
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        <title>AVGO 3.5 02/15/41</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>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TGT 4.8 01/15/53</title>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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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>2053-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Santander Holdings USA Inc.</name>
        <lei>549300SMVCQN2P0O6I58</lei>
        <title>SANUSA V7.66 11/09/31</title>
        <cusip>80282KBH8</cusip>
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          <isin value="US80282KBH86"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>371938.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.66000000</annualizedRt>
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      <invstOrSec>
        <name>Shell Finance US Inc.</name>
        <lei>N/A</lei>
        <title>RDSALN 4 05/10/46 *</title>
        <cusip>822905AE5</cusip>
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          <isin value="US822905AE56"/>
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        <balance>428000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353589.20000000</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>2046-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 5.3 06/15/34</title>
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          <isin value="US341081GU57"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417121.58000000</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <balance>219000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228386.78000000</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>2028-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.71700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMZN 2.5 06/03/50</title>
        <cusip>023135BT2</cusip>
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          <isin value="US023135BT22"/>
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        <balance>383000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231149.12000000</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>2050-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Norfolk Southern Corporation</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>NSC 3.155 05/15/55</title>
        <cusip>655844CH9</cusip>
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          <isin value="US655844CH91"/>
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        <balance>332000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217915.50000000</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>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15500000</annualizedRt>
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      <invstOrSec>
        <name>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>COP 6.5 02/01/39</title>
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        <curCd>USD</curCd>
        <valUSD>971538.34000000</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>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 3 02/15/41</title>
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        <balance>444000.00000000</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>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Duke Energy Carolinas LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
        <title>DUK 3.2 08/15/49</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>2049-08-15</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>KIMCO REALTY OP LLC</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>KIM 3.2 04/01/32</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>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Bristol-Myers Squibb Company</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BMY 1.125 11/13/27</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 4.55 03/01/48</title>
        <cusip>036752AH6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Electric Power Company</name>
        <lei>AENKIFMULUAWOUU8Q584</lei>
        <title>WEC 4.6 10/01/34</title>
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        <name>Kraft Heinz Foods Company</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>KHC 5 06/04/42</title>
        <cusip>50076QAE6</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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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6.5 02/01/42</title>
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        <balance>370000.00000000</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>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Philip Morris International Inc.</name>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Realty Income Corporation</name>
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        <name>Apple Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>KeyCorp</name>
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        <name>Starbucks Corp.</name>
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        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <name>PartnerRe Finance B LLC</name>
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        <name>Caterpillar Inc</name>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Walt Disney Company</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-15</maturityDt>
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        <name>Hackensack Meridian Health Inc.</name>
        <lei>5493001CB3OCWTEJY668</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>4.21100000</annualizedRt>
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        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUM 5.95 03/15/34</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
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        <name>First Citizens BancShares Inc (Delaware)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-12</maturityDt>
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        <name>Biogen Inc</name>
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        <title>BIIB 5.2 09/15/45</title>
        <cusip>09062XAD5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Coca-Cola Consolidated Inc</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>COKE 5.45 06/01/34</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>Honeywell International Inc.</name>
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        <title>HON 2.5 11/01/26</title>
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        <name>Halliburton Company</name>
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        <title>HAL 6.7 09/15/38</title>
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        <name>Martin Marietta Materials Inc</name>
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        <title>MLM 4.25 12/15/47</title>
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        <name>Lennar Corp.</name>
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        <title>LEN 4.75 11/29/27</title>
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        <name>Broadcom Inc</name>
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        <title>AVGO 3.419 04/15/33</title>
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        <name>Shell Finance US Inc.</name>
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        <name>General Motors Company</name>
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        <title>GM 5.15 04/01/38</title>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <title>CHTR 3.75 02/15/28</title>
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        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX 4.5 06/01/42</title>
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        <name>Comcast Corporation</name>
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        <name>Corebridge Financial Inc.</name>
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        <name>Simon Property Group LP</name>
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        <name>Biogen Inc</name>
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        <name>Altria Group, Inc.</name>
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        <name>Alphabet Inc.</name>
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        <name>University of Southern California (The)</name>
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        <title>USCTRJ 5.25 10/01/11</title>
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        <name>Hershey Co. (The)</name>
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        <name>Walmart Inc</name>
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        <name>Rogers Communications Inc.</name>
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        <name>Highwoods Realty Limited Partnership</name>
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        <name>Travelers Companies, Inc.</name>
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        <name>ArcelorMittal S.A.</name>
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        <name>Anheuser-Busch InBev Finance Inc.</name>
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        <name>Berkshire Hathaway Energy Company</name>
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        <name>Marsh &amp; McLennan Companies, Inc.</name>
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        <title>MRSH 4.375 03/15/29</title>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <name>Kraft Heinz Foods Company</name>
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        <name>IBM International Capital Pte. Ltd.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Walmart Inc</name>
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        <name>Rogers Communications Inc.</name>
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        <name>CSX Corporation</name>
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        <name>Elevance Health Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>MetLife Inc.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Microsoft Corp.</name>
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        <name>FS KKR Capital Corp</name>
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        <name>MetLife Inc.</name>
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        <name>Comcast Corporation</name>
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        <name>Nike, Inc.</name>
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        <name>Kraft Heinz Foods Company</name>
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        <name>Ford Motor Credit Company LLC</name>
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        <name>Simon Property Group LP</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Fairfax Financial Holdings Limited</name>
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        <name>Intuit Inc</name>
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        <name>Walmart Inc</name>
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        <name>Alphabet Inc.</name>
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        <name>Banco Santander SA</name>
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        <name>Elevance Health Inc.</name>
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        <name>Travelers Companies, Inc.</name>
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        <name>CSX Corporation</name>
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        <name>Brighthouse Financial Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>FS KKR Capital Corp</name>
        <lei>549300TYRSI1T21B1360</lei>
        <title>FSK 6.125 01/15/30</title>
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        <name>Intel Corporation</name>
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        <name>The Allstate Corporation</name>
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        <name>Diageo Capital PLC</name>
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        <name>Hess Corporation</name>
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        <name>Zoetis Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Apple Inc.</name>
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        <name>Simon Property Group LP</name>
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        <name>Highwoods Realty Limited Partnership</name>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-31</maturityDt>
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        <name>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEF 5.875 07/21/28</title>
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        <balance>200000.00000000</balance>
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        <valUSD>208088.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-21</maturityDt>
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        <name>Keurig Dr Pepper Inc</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KDP 3.95 04/15/29</title>
        <cusip>49271VAP5</cusip>
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        <balance>1350000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ARE 1.875 02/01/33</title>
        <cusip>015271AV1</cusip>
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          <isin value="US015271AV11"/>
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        <balance>134000.00000000</balance>
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        <valUSD>111457.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V4.478 04/04/31 MTN</title>
        <cusip>95000U2L6</cusip>
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          <isin value="US95000U2L65"/>
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        <balance>338000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341512.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 5.7 01/15/56</title>
        <cusip>87264ADY8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <name>Corebridge Financial Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG 3.65 04/05/27</title>
        <cusip>21871XAD1</cusip>
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        <balance>366000.00000000</balance>
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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>2027-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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        <name>TransCanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>TRPCN V5.5 09/15/79</title>
        <cusip>89356BAE8</cusip>
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        <balance>603000.00000000</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>2079-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>American Assets Trust L P</name>
        <lei>549300V1TI0SMG9Z6U69</lei>
        <title>AAT 6.15 10/01/34</title>
        <cusip>02401LAB0</cusip>
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        <valUSD>609856.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>General Motors Financial Company Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM 5.55 07/15/29</title>
        <cusip>37045XEU6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUK 3.75 09/01/46</title>
        <cusip>26441CAT2</cusip>
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        <name>Nike, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NKE 3.25 03/27/40</title>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>SANTAN V4.175 03/24/28</title>
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        <invCountry>ES</invCountry>
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        <name>Fox Corporation</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>FOXA 6.5 10/13/33</title>
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        <invCountry>US</invCountry>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.464 05/09/36</title>
        <cusip>06051GMW6</cusip>
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        <balance>90000.00000000</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>2036-05-09</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Adobe Inc</name>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences Inc.</name>
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        <name>Nasdaq Inc</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carrier Global Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSX Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UnitedHealth Group Inc.</name>
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        <title>UNH 4.25 06/15/48</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <name>FS KKR Capital Corp</name>
        <lei>549300TYRSI1T21B1360</lei>
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        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TGT 2.35 02/15/30</title>
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        <name>Phillips 66 Co.</name>
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        <name>Nike, Inc.</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>Coterra Energy Inc</name>
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        <name>Apple Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>American Homes 4 Rent L P</name>
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        <name>Elevance Health Inc.</name>
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        <name>Altria Group, Inc.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MDC HOLDINGS INC</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>Sekisui House US Inc</title>
        <cusip>552676AT5</cusip>
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          <isin value="US552676AT59"/>
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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>2030-01-15</maturityDt>
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        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 6.1 01/15/29</title>
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          <isin value="US694308KL02"/>
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        <balance>482000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506268.46000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V4.916 07/28/33 MTN</title>
        <cusip>89788NAA8</cusip>
        <identifiers>
          <isin value="US89788NAA81"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>694618.43000000</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>2033-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.91600000</annualizedRt>
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      <invstOrSec>
        <name>Intuit Inc</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>INTU 5.2 09/15/33</title>
        <cusip>46124HAG1</cusip>
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          <isin value="US46124HAG11"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621651.00000000</valUSD>
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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>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOW 1.3 04/15/28</title>
        <cusip>548661DX2</cusip>
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          <isin value="US548661DX22"/>
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        <balance>180000.00000000</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>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.30000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TXN 2.7 09/15/51</title>
        <cusip>882508BM5</cusip>
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          <isin value="US882508BM50"/>
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        <balance>284000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178544.41000000</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>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>Brookfield Asset Management Ltd</name>
        <lei>549300CZ84WPNJZKY093</lei>
        <title>BAMCN 5.298 01/15/36</title>
        <cusip>113004AC9</cusip>
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          <isin value="US113004AC94"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250063.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.29800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.5 04/15/38</title>
        <cusip>68389XAE5</cusip>
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          <isin value="US68389XAE58"/>
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        <balance>1290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1352797.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Company</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BMY 3.55 03/15/42</title>
        <cusip>110122DV7</cusip>
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          <isin value="US110122DV75"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115322.55000000</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>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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        <name>Bayer US Finance II LLC</name>
        <lei>529900XWNEXYNJ3X6T40</lei>
        <title>BAYNGR 4.7 07/15/64 144A</title>
        <cusip>07274NBH5</cusip>
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        <balance>392000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306996.56000000</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>2064-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>IBM International Capital Pte. Ltd.</name>
        <lei>2549007KTXQQBYZO7485</lei>
        <title>IBM 5.3 02/05/54</title>
        <cusip>449276AG9</cusip>
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          <isin value="US449276AG99"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>844873.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>General Dynamics Corporation</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GD 4.25 04/01/50</title>
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        <balance>384000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Keurig Dr Pepper Inc</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KDP 4.5 04/15/52</title>
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        <name>Lear Corporation</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>LEA 3.55 01/15/52</title>
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        <invCountry>US</invCountry>
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        <name>Ford Holdings, Inc.</name>
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        <title>F 9.3 03/01/30</title>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 4.78 03/25/38</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-25</maturityDt>
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        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>BNSF 3.55 02/15/50</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Simon Property Group LP</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Nasdaq Inc</name>
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        <name>Huntington Bancshares Incorporated</name>
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        <name>Walmart Inc</name>
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        <name>Elevance Health Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Adobe Inc</name>
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        <name>Kraft Heinz Foods Company</name>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Duke University</name>
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        <name>Nike, Inc.</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>PINNACLE FINANCIAL PARTNERS INC</name>
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        <name>Citigroup Inc.</name>
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        <name>Humana Inc.</name>
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        <name>Toll Brothers Finance Corp.</name>
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        <name>QUALCOMM Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Ascension Health Alliance</name>
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        <name>Coterra Energy Inc</name>
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        <name>MDC HOLDINGS INC</name>
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        <name>Pfizer Inc.</name>
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        <name>McDonald's Corp.</name>
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        <name>Alphabet Inc.</name>
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        <name>Hershey Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>BP Capital Markets PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-28</maturityDt>
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        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD 5.25 05/30/48</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-30</maturityDt>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>EPD 4.9 05/15/46</title>
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        <balance>135000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>General Dynamics Corporation</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GD 4.25 04/01/40</title>
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        <balance>250000.00000000</balance>
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        <valUSD>233375.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Corebridge Financial Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 12/15/52</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>CSX Corporation</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX 4.5 08/01/54</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM 4 06/20/42</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Union Pacific Corporation</name>
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        <name>Entergy Louisiana LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>ETR 5.15 09/15/34</title>
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        <name>Northern States Power Company</name>
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        <title>XEL 5.1 05/15/53</title>
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        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CNC 2.625 08/01/31</title>
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        <name>Haleon US Capital LLC.</name>
        <lei>549300N8C3A3L0UVQB07</lei>
        <title>HLNLN 3.625 03/24/32</title>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V2.561 05/01/32</title>
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        <name>Uber Technologies Inc</name>
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        <name>Comcast Corporation</name>
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        <name>L3 Harris Technologies Inc</name>
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        <name>Union Pacific Corporation</name>
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        <name>Haleon US Capital LLC.</name>
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        <name>Dell Inc</name>
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        <name>Walmart Inc</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Centene Corp.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Store Capital LLC</name>
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        <name>Apple Inc.</name>
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        <name>Microsoft Corp.</name>
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        <name>QUALCOMM Inc.</name>
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        <name>Boardwalk Pipelines LP</name>
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        <name>Pepsico Inc</name>
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        <name>Virginia Electric and Power Company</name>
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        <name>TWDC ENTERPRISES 18 CORP</name>
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        <name>American Electric Power Co, Inc.</name>
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        <name>B.A.T. Capital Corporation</name>
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        <name>GATX Corporation</name>
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        <name>Apple Inc.</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Marsh &amp; McLennan Companies, Inc.</name>
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        <name>Haleon US Capital LLC.</name>
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        <name>Sixth Street Specialty Lending Inc</name>
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        <name>FedEx Corporation</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Oglethorpe Power Corp.</name>
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        <name>Aon Corp.</name>
        <lei>LTS3U8DGK38SETRUWX71</lei>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Allegion US Holding Company Inc</name>
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        <name>Ford Motor Credit Company LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barrick North America Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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        <name>Comcast Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple Inc.</name>
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        <name>Union Pacific Corporation</name>
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          <maturityDt>2052-03-10</maturityDt>
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        <name>Sabine Pass Liquefaction, LLC</name>
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        <title>SPLLLC 5.9 09/15/37</title>
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          <maturityDt>2037-09-15</maturityDt>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 6.1 04/01/64</title>
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        <name>Kaiser Foundation Hospitals</name>
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        <name>Centene Corp.</name>
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        <title>CNC 3.375 02/15/30</title>
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        <name>Huntington Bancshares Incorporated</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HBAN V6.208 08/21/29</title>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU 4.35 02/25/50 MTN</title>
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        <name>Kenvue Inc.</name>
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        <title>KVUE 5.05 03/22/53</title>
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        <name>FedEx Corporation</name>
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        <title>FDX 4.55 04/01/46 *</title>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>SANTAN 6.607 11/07/28</title>
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        <name>The Mosaic Company</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>MOS 4.05 11/15/27</title>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>MO 3.875 09/16/46</title>
        <cusip>02209SAV5</cusip>
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        <name>Amazon.com, Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Lowes Companies, Inc.</name>
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        <name>DTE Energy Co.</name>
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        <name>Salesforce Inc.</name>
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        <name>Shell Finance US Inc.</name>
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        <name>CSX Corporation</name>
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        <title>CSX 3.8 11/01/46</title>
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      <invstOrSec>
        <name>Zoetis Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-20</maturityDt>
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          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U2S1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>RY 1.4 11/02/26 GMTN</title>
        <cusip>78016EZZ3</cusip>
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          <isin value="US78016EZZ32"/>
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        <balance>212000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</annualizedRt>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AZN 3 05/28/51</title>
        <cusip>046353AZ1</cusip>
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          <isin value="US046353AZ13"/>
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        <balance>94000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Massachusetts Institute of Technology</name>
        <lei>DLZO3A31IADZ27B62557</lei>
        <title>MASSIN 4.678 07/01/14</title>
        <cusip>575718AB7</cusip>
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          <isin value="US575718AB76"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345508.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2114-07-01</maturityDt>
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        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V6.5 08/15/55 .</title>
        <cusip>65339KDF4</cusip>
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          <isin value="US65339KDF49"/>
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        <balance>880000.00000000</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>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>The Mosaic Company</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>MOS 5.375 11/15/28</title>
        <cusip>61945CAH6</cusip>
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          <isin value="US61945CAH60"/>
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        <balance>240000.00000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQIX 2.5 05/15/31</title>
        <cusip>29444UBS4</cusip>
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          <isin value="US29444UBS42"/>
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        <balance>910000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>AEP Texas Inc</name>
        <lei>5493001L78U618KXNZ75</lei>
        <title>AEP 2.1 07/01/30 I</title>
        <cusip>00108WAM2</cusip>
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        <balance>180000.00000000</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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        <name>Halliburton Company</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>HAL 4.85 11/15/35</title>
        <cusip>406216BJ9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 5.9 10/01/54</title>
        <cusip>694308KT3</cusip>
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        <name>Consolidated Edison Company of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>ED 4.45 03/15/44</title>
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        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW 2 03/20/28</title>
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        <name>B.A.T. Capital Corporation</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BATSLN 6.343 08/02/30</title>
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        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNP 2.375 05/20/31</title>
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        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 5.375 06/15/34</title>
        <cusip>036752AZ6</cusip>
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        <name>Stanley Black &amp; Decker, Inc.</name>
        <lei>549300DJ09SMTO561131</lei>
        <title>SWK 3 05/15/32</title>
        <cusip>854502AQ4</cusip>
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        <invCountry>US</invCountry>
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        <name>Vodafone Group PLC</name>
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        <name>Union Electric Company</name>
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        <name>NatWest Group PLC</name>
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        <name>Morgan Stanley</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 0.8 08/15/27</title>
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        <name>Occidental Petroleum Corp.</name>
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        <name>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>GIS 3.2 02/10/27</title>
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        <name>Centene Corp.</name>
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        <title>CNC 4.625 12/15/29</title>
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        <name>Bank of America Corp.</name>
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        <name>Broadcom Inc</name>
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        <title>AVGO 4.75 04/15/29</title>
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        <name>Apple Inc.</name>
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        <title>AAPL 1.2 02/08/28</title>
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        <name>CSX Corporation</name>
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        <title>CSX 4.25 11/01/66</title>
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        <name>Takeda US Financing Inc.</name>
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        <title>TACHEM 5.9 07/07/55</title>
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        <name>Omega Healthcare Investors, Inc.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OHI 5.2 07/01/30</title>
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        <name>Boardwalk Pipelines LP</name>
        <lei>549300W6AQ2GHHCGL606</lei>
        <title>BWP 4.45 07/15/27</title>
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        <name>Hess Corporation</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>HES 5.6 02/15/41</title>
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        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.5 09/15/53</title>
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        <name>Axa SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Nike, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
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        <name>Baker Hughes Holdings LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-15</maturityDt>
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        <name>WASTE CONNECTIONS INC</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Hess Corporation</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Starbucks Corp.</name>
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        <title>SBUX 4 11/15/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>General Dynamics Corporation</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Sempra</name>
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        <title>SRE 3.4 02/01/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 6.798 11/07/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 6 04/01/54</title>
        <cusip>404119CV9</cusip>
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        <invCountry>US</invCountry>
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        <name>Zoetis Inc.</name>
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        <title>ZTS 3 09/12/27</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 1.65 02/08/31</title>
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        <name>Citigroup Inc.</name>
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        <name>Salesforce Inc.</name>
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        <title>CRM 1.95 07/15/31</title>
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        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNP 3.55 05/20/61</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>WEC Energy Group Inc.</name>
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        <name>Trimble Inc</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>Boardwalk Pipelines LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golub Capital Private Credit Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shell Finance US Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 4 05/15/30</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RTX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Gas &amp; Electric Company</name>
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        <title>SRE 1.7 10/01/30 VVV</title>
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        <name>FEDEX PASS THROUGH TRUST 2020-1AA</name>
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        <name>Trinity Acquisition plc</name>
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        <name>International Business Machines Corp.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Las Vegas Sands Corp</name>
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        <name>MasterCard Incorporated</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA 4.95 05/19/50</title>
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        <name>FedEx Corporation</name>
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        <title>FDX 4.25 05/15/30 *</title>
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        <name>Unum Group</name>
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        <name>Westlake Corporation</name>
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        <name>Piedmont Operating Partnership, L.P.</name>
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        <name>AbbVie Inc.</name>
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        <name>Paramount Global</name>
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        <name>Citigroup Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Bank of America Corp.</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>LYB International Finance III LLC</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>The Progressive Corporation</name>
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        <name>Ventas Realty Limited Partnership</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>PPG Industries, Inc.</name>
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        <name>American Tower Corporation</name>
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        <name>Kentucky Utilities Company</name>
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        <name>Dollar General Corporation</name>
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        <name>Home Depot Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Crown Castle Inc.</name>
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        <name>Walmart Inc</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Lowes Companies, Inc.</name>
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        <name>Centerpoint Energy Houston Electric LLC</name>
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        <name>Aptiv PLC</name>
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        <name>Enbridge Inc.</name>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>Wells Fargo Bank, National Association</name>
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        <name>Cheniere Energy Partners Lp</name>
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        <name>Commonwealth Edison Company</name>
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        <name>Comcast Corporation</name>
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        <name>Willis-Knighton Medical Center</name>
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        <name>The Progressive Corporation</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <name>American Water Capital Corp</name>
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        <title>AWK 4.3 09/01/45</title>
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        <name>CVS Health Corp</name>
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        <name>Exxon Mobil Corp.</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>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T Inc</name>
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        <name>Cenovus Energy Inc</name>
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        <title>CVECN 6.75 11/15/39</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TransCanada Pipelines Limited</name>
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        <title>TRPCN 5.1 03/15/49</title>
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        <name>Centerpoint Energy Inc</name>
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        <title>CNP V7 02/15/55 A</title>
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        <name>W.w. Grainger Inc.</name>
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        <title>GWW 4.45 09/15/34</title>
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        <name>Bank of America Corp.</name>
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        <name>Oncor Electric Delivery Company LLC</name>
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        <title>ONCRTX 7.5 09/01/38</title>
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        <name>Valero Energy Corp.</name>
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        <title>VLO 3.65 12/01/51</title>
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        <name>Intel Corporation</name>
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        <title>INTC 4.9 07/29/45</title>
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        <name>Apple Inc.</name>
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        <title>AAPL 3.75 11/13/47</title>
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        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>DE 4.9 03/07/31 MTN</title>
        <cusip>24422EXN4</cusip>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 4.7 10/15/48</title>
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        <name>Pfizer Investment Enterprises Pte Ltd.</name>
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        <name>Packaging Corporation of America</name>
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        <name>Crown Castle Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Citigroup Inc.</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Black Hills Corporation</name>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>B.A.T. Capital Corporation</name>
        <lei>2138005GYEXN7XRHFA84</lei>
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        <name>Relx Capital Inc.</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Sempra</name>
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        <name>Comcast Corporation</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.297 04/20/37</title>
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        <name>Piedmont Operating Partnership, L.P.</name>
        <lei>549300WKGDPAS39FBD10</lei>
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        <name>William Marsh Rice University</name>
        <lei>549300QPVG49ONTSJJ20</lei>
        <title>RICEUN 3.574 05/15/45</title>
        <cusip>96926GAC7</cusip>
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        <name>Paramount Global</name>
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        <name>Alphabet Inc.</name>
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        <name>Pfizer Investment Enterprises Pte Ltd.</name>
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        <name>Consumers Energy Company</name>
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        <name>Safehold GL Holdings LLC</name>
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        <name>W.w. Grainger Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Simon Property Group LP</name>
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        <name>Bank of America Corp.</name>
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        <name>Las Vegas Sands Corp</name>
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        <name>Broadcom Inc</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>Enbridge Inc.</name>
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        <name>Cencora Inc</name>
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        <name>Comcast Corporation</name>
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        <name>Comcast Corporation</name>
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        <name>The Charles Schwab Corporation</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Merck &amp; Co., Inc</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>Bristol-Myers Squibb Company</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 1.65 05/11/30</title>
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        <name>Crown Castle Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CCI 4.75 05/15/47</title>
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        <name>Broadcom Inc</name>
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        <title>AVGO 3.187 11/15/36 144A</title>
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        <name>Southern California Edison Company</name>
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        <name>The Western Union Company</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>WU 6.2 11/17/36</title>
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        <name>Virginia Electric and Power Company</name>
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        <title>D 5 04/01/33</title>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Lear Corporation</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 4.125 03/16/27</title>
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        <name>Berry Global Inc</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>AMCR 5.8 06/15/31</title>
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        <name>Capital One Financial Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>American Tower Corporation</name>
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        <name>HF Sinclair Corp.</name>
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        <name>Pfizer Investment Enterprises Pte Ltd.</name>
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        <name>Kyndryl Holdings Inc</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>APA Corp.</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Enbridge Energy Partners L.P.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>McDonald's Corp.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Union Pacific Corporation</name>
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        <name>AON CORP</name>
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        <name>Bank of America Corp.</name>
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        <name>Realty Income Corporation</name>
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        <name>HCA Inc.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Thermo Fisher Scientific Inc</name>
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        <name>TransCanada Pipelines Limited</name>
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        <name>Citigroup Inc.</name>
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        <name>Amgen Inc.</name>
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        <name>Boeing Co.</name>
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        <name>Autozone, Inc.</name>
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        <name>Baxter International, Inc.</name>
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        <title>BAX 6.25 12/01/37</title>
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        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOW 3 10/15/50</title>
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        <name>BP Capital Markets PLC</name>
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        <name>General Mills, Inc.</name>
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        <name>The Charles Schwab Corporation</name>
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        <name>International Business Machines Corp.</name>
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        <name>AT&amp;T Inc</name>
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        <name>Sempra</name>
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        <name>Alabama Power Co.</name>
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        <name>State Street Corp.</name>
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        <name>Illumina Inc</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Williams Companies Inc. (The)</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Ford Motor Company</name>
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        <name>TRITON CONTAINER INTERNATIONAL LTD</name>
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        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLAC 4.95 07/15/52</title>
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        <name>Enterprise Products Operating LLC</name>
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        <title>EPD 4.2 01/31/50</title>
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        <name>Northrop Grumman Corporation</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>NOC 5.2 06/01/54</title>
        <cusip>666807CM2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 4.25 10/15/30</title>
        <cusip>20030NCU3</cusip>
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          <isin value="US20030NCU37"/>
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        <balance>242000.00000000</balance>
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        <valUSD>244002.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BPLN 4.234 11/06/28</title>
        <cusip>10373QAE0</cusip>
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        <valUSD>476888.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-06</maturityDt>
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          <annualizedRt>4.23400000</annualizedRt>
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        <name>American Tower Corporation</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMT 1.875 10/15/30</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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          <annualizedRt>1.87500000</annualizedRt>
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        <name>Northern Trust Corporation</name>
        <lei>549300GLF98S992BC502</lei>
        <title>NTRS 3.65 08/03/28</title>
        <cusip>665859AT1</cusip>
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        <balance>188000.00000000</balance>
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        <valUSD>187940.59000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-03</maturityDt>
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          <annualizedRt>3.65000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V1.953 02/04/32</title>
        <cusip>46647PBX3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95300000</annualizedRt>
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        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFE 4 12/15/36</title>
        <cusip>717081EC3</cusip>
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          <isin value="US717081EC37"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>788712.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lincoln National Corp.</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>LNC 5.852 03/15/34</title>
        <cusip>534187BT5</cusip>
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        <balance>891000.00000000</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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        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLAC 5.25 07/15/62</title>
        <cusip>482480AN0</cusip>
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        <balance>322000.00000000</balance>
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          <maturityDt>2062-07-15</maturityDt>
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        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 2.95 09/11/49</title>
        <cusip>037833DQ0</cusip>
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        <balance>717000.00000000</balance>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.574 07/25/29 MTN</title>
        <cusip>95000U3E1</cusip>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <title>CHTR 2.8 04/01/31</title>
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        <name>Avery Dennison Corporation</name>
        <lei>549300PW7VPFCYKLIV37</lei>
        <title>AVY 4.875 12/06/28</title>
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        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TXN 4.15 05/15/48</title>
        <cusip>882508BD5</cusip>
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        <balance>968000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-05-15</maturityDt>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 5.25 03/16/37</title>
        <cusip>92343VDU5</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-03-16</maturityDt>
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        <name>Northern Trust Corporation</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Morgan Stanley</name>
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        <name>Huntington Bancshares Incorporated</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>AT&amp;T Inc</name>
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        <name>Citigroup Inc.</name>
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        <name>Prologis, L.P.</name>
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        <name>Ford Motor Company</name>
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        <name>Amgen Inc.</name>
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        <name>Virginia Electric and Power Company</name>
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        <name>Altria Group, Inc.</name>
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        <title>MO 5.95 02/14/49</title>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <name>Devon Energy Corporation</name>
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        <name>Nasdaq Inc</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>AON CORP</name>
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        <name>Bank of America Corp.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Northern Trust Corporation</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Enbridge Inc.</name>
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        <name>American Express Company</name>
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        <name>Morgan Stanley</name>
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        <name>Amphenol Corporation</name>
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        <name>Travelers Companies, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Jackson Financial Inc</name>
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        <name>Bank of America Corp.</name>
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        <name>MPLX LP</name>
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        <name>Kraft Heinz Foods Company</name>
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        <name>Microsoft Corp.</name>
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        <name>Duke Energy Corp</name>
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        <name>Pulte Group Inc</name>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <name>Centerpoint Energy Houston Electric LLC</name>
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        <name>Wells Fargo &amp; Co.</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC 4.183 11/25/27 L</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-25</maturityDt>
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      <invstOrSec>
        <name>Emera US Finance LP</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Constellation Energy Generation LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
        <title>CEG 5.6 03/01/28</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TXN 4.5 05/23/30</title>
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          <isin value="US882508CK85"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Applovin Corp.</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>APP 5.5 12/01/34</title>
        <cusip>03831WAD0</cusip>
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          <isin value="US03831WAD02"/>
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        <balance>102000.00000000</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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>MSCI Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI 5.15 03/15/36</title>
        <cusip>55354GAS9</cusip>
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          <isin value="US55354GAS93"/>
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        <balance>50000.00000000</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>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <name>Marathon Petroleum Corp.</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>MPC 5.85 12/15/45</title>
        <cusip>56585AAM4</cusip>
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        <balance>152000.00000000</balance>
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        <valUSD>153443.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V3.7 10/01/50</title>
        <cusip>744320BH4</cusip>
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        <balance>572000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>536991.31000000</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>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 4.271 01/09/27</title>
        <cusip>345397A45</cusip>
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          <isin value="US345397A456"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199668.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27100000</annualizedRt>
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        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 5.625 11/15/55 .</title>
        <cusip>30303MAE2</cusip>
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        <curCd>USD</curCd>
        <valUSD>210025.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>Cummins Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>CMI 5.15 02/20/34</title>
        <cusip>231021AW6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-20</maturityDt>
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        <name>Genuine Parts Co</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>GPC 4.95 08/15/29</title>
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        <name>Energy Transfer LP</name>
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        <title>ET 5.35 01/15/36</title>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 5.5 02/15/46</title>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.25 06/15/49</title>
        <cusip>404119BZ1</cusip>
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        <name>Applied Materials Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>AMAT 4.35 04/01/47</title>
        <cusip>038222AM7</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-04-01</maturityDt>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM 4.25 05/15/49</title>
        <cusip>459200KC4</cusip>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Yamana Gold Inc</name>
        <lei>54930002VY22NXG01418</lei>
        <title>YRICN 4.625 12/15/27</title>
        <cusip>98462YAD2</cusip>
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        <balance>55000.00000000</balance>
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        <valUSD>55379.45000000</valUSD>
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        <name>Philip Morris International Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Walt Disney Company</name>
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        <name>Applied Materials Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>Home Depot Inc.</name>
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        <name>PNC Bank National Association Pittsburgh Pennsylvania</name>
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        <name>Duke Energy Corp</name>
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        <name>Bank of America Corp.</name>
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        <name>American Express Company</name>
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        <name>HCA Inc.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>American Honda Finance Corporation</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Ares Capital Corp.</name>
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        <name>Texas Instruments Inc.</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>AbbVie Inc.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Ares Capital Corp.</name>
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        <name>Applied Materials Inc.</name>
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        <name>Alphabet Inc.</name>
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        <name>Walt Disney Company</name>
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        <name>PNC Bank National Association Pittsburgh Pennsylvania</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>PLAINS ALL AMERICAN PIPELINE LP</name>
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        <name>Morgan Stanley</name>
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        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V4.914 11/14/36</title>
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        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-04-30</maturityDt>
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        <name>Coca-Cola Co (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>KO 1.375 03/15/31</title>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WSTP 6.82 11/17/33</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <name>Walt Disney Company</name>
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        <title>DIS 3.6 01/13/51</title>
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        <name>VICI Properties LP</name>
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        <name>Boeing Co.</name>
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        <title>BA 3.6 05/01/34</title>
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        <name>PUGET SOUND ENERGY INC</name>
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        <name>Zions Bancorporation Natl Assn Global Bank</name>
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        <title>ZION V6.816 11/19/35</title>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 5 05/15/50</title>
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        <name>Banco Santander SA</name>
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        <name>Realty Income Corporation</name>
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        <name>Oracle Corp.</name>
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        <name>Amphenol Corporation</name>
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          <maturityDt>2036-02-15</maturityDt>
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        <name>PPL Electric Utilities Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Companies Inc. (The)</name>
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        <name>Phillips 66</name>
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        <title>PSX 2.15 12/15/30</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
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        <name>Westpac Banking Corp.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T Inc</name>
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        <name>Home Depot Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Altria Group, Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>Duke Energy Corp</name>
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        <name>American Express Company</name>
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        <title>AXP V5.532 04/25/30</title>
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        <name>VICI Properties LP</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI 4.95 02/15/30</title>
        <cusip>925650AC7</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>GLP CAPITAL LP</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 6.75 12/01/33</title>
        <cusip>361841AS8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V5.827 02/13/35</title>
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        <balance>699000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-13</maturityDt>
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      <invstOrSec>
        <name>Arizona Public Service Company</name>
        <lei>YG6VT0TPHRH4TFVAQV64</lei>
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        <curCd>USD</curCd>
        <valUSD>130036.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>WES 5.25 02/01/50</title>
        <cusip>958667AA5</cusip>
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          <isin value="US958667AA50"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235418.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNH 4.95 05/15/62</title>
        <cusip>91324PEL2</cusip>
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          <isin value="US91324PEL22"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130557.45000000</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>2062-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Public Service Company of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>XEL 5.75 05/15/54</title>
        <cusip>744448DA6</cusip>
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          <isin value="US744448DA65"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>369281.16000000</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>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>PacifiCorp.</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
        <title>BRKHEC 5.5 05/15/54</title>
        <cusip>695114DA3</cusip>
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          <isin value="US695114DA39"/>
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        <balance>698000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>642141.50000000</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>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Bank of New York Mellon Corp.</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>BK 3.4 01/29/28 +MTN</title>
        <cusip>06406RAF4</cusip>
        <identifiers>
          <isin value="US06406RAF47"/>
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        <balance>579000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576134.24000000</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>2028-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V3.217 04/22/42</title>
        <cusip>61772BAC7</cusip>
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          <isin value="US61772BAC72"/>
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        <balance>99000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78839.69000000</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>2042-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.21700000</annualizedRt>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI 5.125 05/15/32</title>
        <cusip>925650AD5</cusip>
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          <isin value="US925650AD55"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>772137.20000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 4.85 03/01/39</title>
        <cusip>00206RHK1</cusip>
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          <isin value="US00206RHK14"/>
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        <balance>140000.00000000</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>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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      <invstOrSec>
        <name>The Kroger Co.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KR 5.65 09/15/64</title>
        <cusip>501044DX6</cusip>
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          <isin value="US501044DX60"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>667114.08000000</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>2064-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V4.194 04/01/31 144A</title>
        <cusip>225401AP3</cusip>
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          <isin value="US225401AP33"/>
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        <balance>2940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2942531.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.19400000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 5.5 02/15/49</title>
        <cusip>55336VAT7</cusip>
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          <isin value="US55336VAT70"/>
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        <balance>295000.00000000</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>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 3 06/20/27</title>
        <cusip>037833CX6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-20</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>GLP CAPITAL LP</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.25 02/15/33</title>
        <cusip>361841AV1</cusip>
        <identifiers>
          <isin value="US361841AV10"/>
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        <balance>321000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322687.18000000</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>2033-02-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Eaton Corp.</name>
        <lei>0NZWDMRCE180888QQE14</lei>
        <title>ETN 4.15 03/15/33</title>
        <cusip>278062AH7</cusip>
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        <balance>511000.00000000</balance>
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        <valUSD>510677.56000000</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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF 3.75 03/09/27</title>
        <cusip>14040HBN4</cusip>
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        <balance>339000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338350.98000000</valUSD>
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        <name>Bank of America Corp.</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>PacifiCorp.</name>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>Meta Platforms Inc</name>
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        <name>Crown Castle Inc.</name>
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        <name>Utah Acquisition Sub Inc</name>
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        <name>Visa Inc</name>
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        <name>Georgetown University</name>
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        <name>Citigroup Inc.</name>
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        <title>C 4.65 07/30/45</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Altria Group, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>MasterCard Incorporated</name>
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        <name>Alliant Energy Corporation</name>
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        <name>Royal Bank of Canada</name>
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        <name>GE Aerospace</name>
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        <name>Home Depot Inc.</name>
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        <name>American International Group Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>AIG 4.75 04/01/48</title>
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        <name>Analog Devices Inc.</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>PECO Energy Co.</name>
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        <name>Micron Technology Inc.</name>
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        <name>Devon Energy Corporation</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>Ares Capital Corp.</name>
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        <name>GLP CAPITAL LP</name>
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        <name>Southern California Edison Company</name>
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        <name>University of Pennsylvania</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Kraft Heinz Foods Company</name>
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        <title>KHC 3.875 05/15/27</title>
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        <name>Meta Platforms Inc</name>
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        <name>The Charles Schwab Corporation</name>
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        <name>Suzano Austria GmbH</name>
        <lei>254900287ZNSGVP1R341</lei>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.164 04/20/29 MTN</title>
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        <name>Altria Group, Inc.</name>
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        <name>Meta Platforms Inc</name>
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        <name>Texas Instruments Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Paramount Global</name>
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        <name>GE Healthcare Technologies Inc.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Walmart Inc</name>
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        <name>F&amp;G Annuities &amp; Life Inc.</name>
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        <name>Public Service Company of Colorado</name>
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        <name>MasterCard Incorporated</name>
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      <invstOrSec>
        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Walt Disney Company</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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          <maturityDt>2029-11-21</maturityDt>
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        <name>APA Corp.</name>
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        <name>Black Hills Corporation</name>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Fiserv Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISV 3.2 07/01/26</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>2026-07-01</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AN 5.89 03/15/35</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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        <name>Lockheed Martin Corporation</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LMT 3.8 03/01/45</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>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.95 09/15/54</title>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Company</name>
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        <title>GM 6.75 04/01/46</title>
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        <name>Takeda Pharmaceutical Co Ltd.</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>TACHEM 3.025 07/09/40</title>
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        <invCountry>JP</invCountry>
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        <name>Wisconsin Power and Light Company</name>
        <lei>JWBYHVQVMY66CVCOSO49</lei>
        <title>LNT 3.95 09/01/32</title>
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        <name>Eaton Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <name>EOG Resources Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
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        <name>Universal Health Services, Inc.</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>UHS 5.05 10/15/34</title>
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        <name>Tyson Foods, Inc.</name>
        <lei>WD6L6041MNRW1JE49D58</lei>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baidu Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-07</maturityDt>
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        <name>Florida Power &amp; Light Co.</name>
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        <title>NEE 3.8 12/15/42</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-15</maturityDt>
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        <name>Commonwealth Edison Company</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
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        <name>Grupo Televisa S.A.B.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP CAPITAL LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V5.79 05/13/36</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-13</maturityDt>
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        <name>Patterson-UTI Energy Inc.</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>PTEN 3.95 02/01/28</title>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU 3.935 12/07/49</title>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>RSG 4.875 04/01/29</title>
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        <name>Duke Energy Corp</name>
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        <name>Tyson Foods, Inc.</name>
        <lei>WD6L6041MNRW1JE49D58</lei>
        <title>TSN 4.55 06/02/47</title>
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        <name>Arizona Public Service Company</name>
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        <name>American International Group Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>AIG 4.375 06/30/50</title>
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        <name>Mylan Inc</name>
        <lei>30ZMPDNA1RHIBH89C294</lei>
        <title>VTRS 5.4 11/29/43</title>
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        <name>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>WES 4.05 02/01/30</title>
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        <name>John Deere Capital Corp.</name>
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        <name>Otis Worldwide Corp.</name>
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        <name>MPLX LP</name>
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        <name>HCA Inc.</name>
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        <name>SUNOCO LOGISTICS PARTNERS OPERATIONS LP</name>
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        <name>Fiserv Inc.</name>
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        <name>Waste Management, Inc.</name>
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        <name>U.S. Bancorp.</name>
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        <name>Morgan Stanley</name>
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        <name>MasterCard Incorporated</name>
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        <name>Amgen Inc.</name>
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        <title>AMGN 5.75 03/02/63</title>
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        <name>Embraer Netherlands Finance B.V.</name>
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        <title>EMBRBZ 5.4 01/09/38</title>
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        <name>NYU Hospitals Center</name>
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        <name>Wisconsin Power and Light Company</name>
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        <title>LNT 5.375 03/30/34</title>
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        <name>American Honda Finance Corporation</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>HNDA 5.1 01/08/36</title>
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        <name>Moodys Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>MCO 5 08/05/34</title>
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        <name>Southern California Edison Company</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>EIX 4.65 10/01/43</title>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Blue Owl Capital Corp.</name>
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        <name>Exelon Corp.</name>
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        <name>Berkshire Hathaway Energy Company</name>
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        <name>Micron Technology Inc.</name>
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        <name>Constellation Energy Generation LLC</name>
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        <fairValLevel>2</fairValLevel>
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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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        <name>Bank of America Corp.</name>
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        <name>International Business Machines Corp.</name>
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        <title>IBM 1.7 05/15/27</title>
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        <name>MPLX LP</name>
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        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 5.5 11/15/45</title>
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        <name>SUNOCO LOGISTICS PARTNERS OPERATIONS LP</name>
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        <title>ET 5.4 10/01/47</title>
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        <name>MasterCard Incorporated</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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        <name>Starbucks Corp.</name>
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        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <name>Walt Disney Company</name>
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        <title>DIS 3.8 03/22/30</title>
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        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 3.5 09/15/56</title>
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        <invCountry>US</invCountry>
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        <name>HCA Inc.</name>
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        <name>The Procter &amp; Gamble Co.</name>
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        <name>RTX Corp.</name>
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        <name>Duke Energy Corp</name>
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        <name>Eversource Energy</name>
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        <name>PacifiCorp.</name>
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        <name>Motorola Solutions Inc</name>
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        <name>PUGET SOUND ENERGY INC</name>
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        <name>Marriott International, Inc.</name>
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        <name>EOG Resources Inc.</name>
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        <name>MasterCard Incorporated</name>
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        <name>Oracle Corp.</name>
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        <name>Walt Disney Company</name>
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        <name>Ares Capital Corp.</name>
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        <title>ARCC 5.5 09/01/30</title>
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        <name>Berkshire Hathaway Finance Corporation</name>
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        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.55 09/15/55</title>
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        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 5.75 11/15/65</title>
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        <name>Baidu Inc.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>CVS Health Corp</name>
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        <name>CNA Financial Corporation</name>
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        <name>Amgen Inc.</name>
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        <name>Nucor Corporation</name>
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        <name>PUGET SOUND ENERGY INC</name>
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        <name>Citigroup Inc.</name>
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        <name>WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP</name>
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        <name>Fiserv Inc.</name>
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        <name>Toyota Motor Corp.</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>The Kroger Co.</name>
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        <name>Xcel Energy Inc</name>
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        <name>Visa Inc</name>
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        <name>Mizuho Financial Group Inc.</name>
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        <name>Conagra Brands Inc</name>
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        <name>Boeing Co.</name>
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        <name>Apple Inc.</name>
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        <name>PUGET SOUND ENERGY INC</name>
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        <name>MasterCard Incorporated</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP</name>
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        <name>NXP BV</name>
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        <name>GLP CAPITAL LP</name>
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        <name>Comcast Corporation</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Marvell Technology Inc</name>
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        <name>CVS Health Corp</name>
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        <name>MSCI Inc.</name>
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        <name>Netflix, Inc.</name>
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        <name>U.S. Bancorp.</name>
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        <name>Marvell Technology Inc</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp</name>
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        <title>CVS 1.875 02/28/31</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-28</maturityDt>
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        <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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        <name>Selective Insurance Group Inc.</name>
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        <title>SIGI 5.9 04/15/35</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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        <name>Adventist Health Systems (West)</name>
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        <title>ADVENT 3.63 03/01/49</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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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>AT&amp;T Inc</name>
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        <name>U.S. Bancorp.</name>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <name>Philip Morris International Inc.</name>
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        <title>PM 4.75 02/12/27</title>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 2.125 09/15/31</title>
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        <name>Barclays PLC</name>
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        <invCountry>GB</invCountry>
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        <name>Citigroup Inc.</name>
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        <title>C V5.174 02/13/30</title>
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        <name>American Express Company</name>
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        <title>AXP 4.05 05/03/29</title>
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        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>KMI 6.95 01/15/38 MTN</title>
        <cusip>494550AW6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>WASTE CONNECTIONS INC</name>
        <lei>549300HDLRTPBQU69P29</lei>
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        <curCd>USD</curCd>
        <valUSD>297250.50000000</valUSD>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Eastern Gas Transmission and Storage Inc</name>
        <lei>H2VQBNB3NSKRM5QWBI71</lei>
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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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>PLAINS ALL AMERICAN PIPELINE LP</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PAA 4.7 06/15/44</title>
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          <isin value="US72650RBE18"/>
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        <balance>188000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164583.19000000</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>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 5.875 12/16/36</title>
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          <isin value="US437076AS19"/>
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        <balance>629000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>688959.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 4.625 03/15/52</title>
        <cusip>404119CL1</cusip>
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          <isin value="US404119CL13"/>
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        <balance>749000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618975.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>CSCO 5.35 02/26/64</title>
        <cusip>17275RBV3</cusip>
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          <isin value="US17275RBV33"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95734.80000000</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>2064-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 2.65 08/15/30</title>
        <cusip>55336VBQ2</cusip>
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          <isin value="US55336VBQ23"/>
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        <balance>314000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294175.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>Adventist Health Systems (West)</name>
        <lei>5493008YM33UCY5QPW83</lei>
        <title>ADVENT 2.952 03/01/29</title>
        <cusip>007944AF8</cusip>
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          <isin value="US007944AF80"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82055.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95200000</annualizedRt>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD 4.375 02/19/43</title>
        <cusip>92857WBD1</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87448.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>ANHEUSER-BUSCH COMPANIES LLC</name>
        <lei>5493002J2SVENP0PVK27</lei>
        <title>ABIBB 4.9 02/01/46 *</title>
        <cusip>03522AAJ9</cusip>
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        <balance>1497000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1403974.17000000</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>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>General Motors Company</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GM 6.6 04/01/36</title>
        <cusip>37045VAK6</cusip>
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        <balance>503000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551374.52000000</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>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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        <name>M&amp;T Bank Corporation</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>MTB V7.413 10/30/29</title>
        <cusip>55261FAS3</cusip>
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        <balance>650000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>BHP Billiton Finance (USA) Ltd.</name>
        <lei>5493003NUVITP3TMY274</lei>
        <title>BHP 5 02/21/30</title>
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        <invCountry>AU</invCountry>
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          <maturityDt>2030-02-21</maturityDt>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 5.75 01/15/34</title>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 4.4 08/15/35</title>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMIBK 5.716 09/14/28</title>
        <cusip>86562MDG2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-09-14</maturityDt>
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        <name>Freeport-McMoRan Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FCX 5.45 03/15/43</title>
        <cusip>35671DBC8</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197835.90000000</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>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Memorial Sloan-Kettering Cancer Center</name>
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        <name>UBS AG LONDON BRANCH</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DELL INTERNATIONAL LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Philip Morris International Inc.</name>
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        <name>S&amp;P Global Inc</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>FMC Corp.</name>
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        <name>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>EMR 6 08/15/32</title>
        <cusip>291011AQ7</cusip>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>Simon Property Group LP</name>
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        <title>SPG 3.25 11/30/26</title>
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        <name>Berkshire Hathaway Finance Corporation</name>
        <lei>549300RLHFT5RU20WM87</lei>
        <title>BRK 2.85 10/15/50</title>
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        <name>Williams Partners LP / Williams Partners Finance Corporation</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WMB 6.3 04/15/40</title>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>Apollo Global Management Inc</name>
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        <title>APO V6 12/15/54</title>
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        <name>Southern California Edison Company</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>NSTAR Electric Company</name>
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        <name>Constellation Energy Generation LLC</name>
        <lei>S2PEWKCZFFECR4533P43</lei>
        <title>CEG 3.9 01/08/28</title>
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        <name>Consolidated Edison Company of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>ED 6.3 08/15/37 07-A</title>
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        <name>Sutter Health</name>
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        <name>Duke Energy Corp</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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          <maturityDt>2033-09-14</maturityDt>
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        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-15</maturityDt>
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        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 4.95 02/04/31</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-04</maturityDt>
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        <name>Johnson &amp; Johnson</name>
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        <title>JNJ 3.55 03/01/36</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMIBK 3.446 01/11/27</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-11</maturityDt>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 5.45 11/15/55</title>
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        <name>Edison International</name>
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        <title>EIX 5.45 06/15/29</title>
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        <name>Cisco Systems, Inc.</name>
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        <name>Blackstone Secured Lending Fund</name>
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        <title>BXSL 5.35 04/13/28</title>
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        <name>Helmerich &amp; Payne Inc</name>
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        <title>HP 2.9 09/29/31</title>
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        <name>Philip Morris International Inc.</name>
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        <title>PM 5.5 09/07/30</title>
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        <name>Berkshire Hathaway Finance Corporation</name>
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        <name>Mylan Inc</name>
        <lei>30ZMPDNA1RHIBH89C294</lei>
        <title>VTRS 4.55 04/15/28</title>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Equinix, Inc.</name>
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        <name>U.S. Bancorp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF 3.65 05/11/27</title>
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        <name>Coca-Cola Co (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Synchrony Financial</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V3.785 03/17/33</title>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd New York Branch</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Netflix, Inc.</name>
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        <title>NFLX 5.875 11/15/28</title>
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        <name>Cisco Systems, Inc.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>Nomura Holdings Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>NOMURA 5.783 07/03/34</title>
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        <invCountry>JP</invCountry>
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        <name>Berkshire Hathaway Finance Corporation</name>
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        <name>Principal Financial Group Inc.</name>
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        <name>Ally Financial Inc.</name>
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        <name>Pepsico Inc</name>
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        <name>ConocoPhillips Co.</name>
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        <name>Bank of America Corp.</name>
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        <name>Lockheed Martin Corporation</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-11-15</maturityDt>
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        <name>MPLX LP</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>Essential Utilities Inc</name>
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        <title>Essential Utilities Inc</title>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <name>Banco Santander SA</name>
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        <name>U.S. Bancorp.</name>
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        <name>FMC Corp.</name>
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        <name>Concentrix Corp.</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>The Bank of New York Mellon Corp.</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.2 06/01/28</title>
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        <name>BHP Billiton Finance (USA) Ltd.</name>
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        <name>Duke Energy Corp</name>
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        <name>NiSource Inc.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>RTX Corp.</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>Regal Rexnord Corporation</name>
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        <name>Rio Tinto Finance (USA) Limited</name>
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        <name>WELLS FARGO &amp; CO</name>
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        <name>WELLTOWER OP LLC</name>
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        <name>Duke Energy Florida Project Finance, LLC</name>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <name>GlaxoSmithKline Capital PLC</name>
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        <name>Equinix, Inc.</name>
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        <name>Duke Energy Progress LLC</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Williams Companies Inc. (The)</name>
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        <name>PECO Energy Co.</name>
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        <name>Oglethorpe Power Corp.</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>Comcast Corporation</name>
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        <name>Gilead Sciences Inc.</name>
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        <name>Fiserv Inc.</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>Paychex Inc</name>
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        <name>Dell Inc</name>
        <lei>3E70L4WYANTIWWIPHC81</lei>
        <title>DELL 7.1 04/15/28</title>
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        <name>McDonald's Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp</name>
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        <name>Pacific Gas and Electric Company</name>
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        <name>Energy Transfer LP</name>
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        <name>NORTHWELL HEALTH INC</name>
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        <name>KeyBank National Association</name>
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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>Grupo Televisa S.A.B.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Devon Energy Corporation</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>Marriott International, Inc.</name>
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        <name>Energy Transfer LP</name>
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        <title>ET 6.55 12/01/33</title>
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        <name>AT&amp;T Inc</name>
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        <name>Gilead Sciences Inc.</name>
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        <name>Broadcom Inc</name>
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        <title>AVGO 3.459 09/15/26</title>
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        <name>UnitedHealth Group Inc.</name>
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        <title>UNH 3.7 08/15/49</title>
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        <name>Williams Companies Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WMB 3.5 11/15/30</title>
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        <name>Paypal Holdings Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Micron Technology Inc.</name>
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        <name>NiSource Inc.</name>
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        <name>Verisign, Inc.</name>
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        <name>PLAINS ALL AMERICAN PIPELINE LP</name>
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        <name>Tucson Electric Power Company</name>
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        <title>FTSCN 1.5 08/01/30</title>
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        <name>Coca-Cola Co (The)</name>
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        <name>Meta Platforms Inc</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Sempra</name>
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        <name>WELLTOWER OP LLC</name>
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        <name>Pfizer Inc.</name>
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        <name>Meta Platforms Inc</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <name>Williams Companies Inc. (The)</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Trinity Health Corporation Indiana</name>
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        <name>Gallagher Aj &amp;Co</name>
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        <name>Chevron Corp.</name>
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        <name>Banco Santander SA</name>
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        <name>Keurig Dr Pepper Inc</name>
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        <name>The Cigna Group</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CI 4.375 10/15/28</title>
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        <name>Micron Technology Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>MU 6.05 11/01/35</title>
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        <name>San Diego Gas &amp; Electric Company</name>
        <lei>KNIRVXKVNJJ4P8OTMS63</lei>
        <title>SRE 3.95 11/15/41</title>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>American Tower Corporation</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <name>PLAINS ALL AMERICAN PIPELINE LP</name>
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        <name>Keurig Dr Pepper Inc</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KDP 3.2 05/01/30</title>
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        <name>W.R. Berkley Corporation</name>
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        <name>PPL Capital Funding Inc.</name>
        <lei>549300MROK5WY0D2NU17</lei>
        <title>PPL 5.25 09/01/34</title>
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        <name>Coca-Cola Co (The)</name>
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        <name>Synchrony Financial</name>
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        <title>SYF 3.95 12/01/27</title>
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        <name>Crown Castle Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Waste Management, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>Verizon Communications Inc.</name>
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        <name>CVS Health Corp</name>
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        <title>CVS 5 01/30/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Coca-Cola Co (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>Jabil Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>CHARTER COMMUNICATIONS OPERATING LLC</name>
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        <title>CHTR 6.55 06/01/34</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EIX 5.25 11/15/28</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Comcast Corporation</name>
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        <title>CMCSA 4 08/15/47</title>
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        <name>Walt Disney Company</name>
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        <name>Parker-Hannifin Corp.</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>PH 4.25 09/15/27</title>
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        <name>PLAINS ALL AMERICAN PIPELINE LP</name>
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        <name>Bank of America Corp.</name>
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        <name>Bristol-Myers Squibb Company</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>AT&amp;T Inc</name>
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        <name>HCA Inc.</name>
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        <name>ConocoPhillips Co.</name>
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        <name>Meta Platforms Inc</name>
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        <name>Fiserv Inc.</name>
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        <name>Ipalco Enterprises Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellation Brands, Inc.</name>
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        <name>Southern California Edison Company</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>HCA Inc.</name>
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        <name>Sonoco Products Company</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
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        <name>eBay Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DELL INTERNATIONAL LLC</name>
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        <name>Berkshire Hathaway Finance Corporation</name>
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        <name>Enbridge Inc.</name>
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        <name>Viatris Inc</name>
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        <name>Novartis Capital Corporation</name>
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        <name>Comcast Corporation</name>
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        <name>Citizens Financial Group Inc</name>
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        <name>Citigroup Inc.</name>
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        <name>Public Service Company of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>XEL 4.5 06/01/52 39</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Blackstone Private Credit Fund</name>
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        <title>BCRED 4.95 09/26/27</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-26</maturityDt>
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          <annualizedRt>4.95000000</annualizedRt>
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        <name>Marsh &amp; McLennan Companies, Inc.</name>
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        <title>MRSH 4.2 03/01/48</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Credit Company LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PM 4.875 02/15/28</title>
        <cusip>718172CZ0</cusip>
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          <isin value="US718172CZ06"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346758.35000000</valUSD>
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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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Thermo Fisher Scientific Inc</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>TMO 5.086 08/10/33</title>
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          <isin value="US883556CX89"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757405.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-10</maturityDt>
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          <annualizedRt>5.08600000</annualizedRt>
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        <name>The Cigna Group</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CI 4.9 12/15/48</title>
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          <isin value="US125523AK66"/>
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        <balance>466000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422120.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Eastern Energy Gas Holdings Llc</name>
        <lei>549300BFOD6TDMVV4O24</lei>
        <title>BRKHEC 5.65 10/15/54</title>
        <cusip>27636AAA0</cusip>
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          <isin value="US27636AAA07"/>
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        <balance>634000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633092.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
        <lei>254900Z1WAY7QFQ7O850</lei>
        <title>SOBOCN 5.026 10/01/29</title>
        <cusip>83007CAD4</cusip>
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        <balance>400000.00000000</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>5.02600000</annualizedRt>
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      <invstOrSec>
        <name>Walmart Inc</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WMT 3.95 09/09/27</title>
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          <isin value="US931142EX77"/>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126633.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNP 3.839 03/20/60</title>
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        <balance>408000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Express Company</name>
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        <title>AXP V4.804 10/24/36</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-24</maturityDt>
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          <annualizedRt>4.80400000</annualizedRt>
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        <name>Suzano Austria GmbH</name>
        <lei>254900287ZNSGVP1R341</lei>
        <title>SUZANO 6 01/15/29</title>
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        <invCountry>AT</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CM 3.6 04/07/32</title>
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        <invCountry>CA</invCountry>
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        <name>AT&amp;T Inc</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 4.375 11/15/32</title>
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        <name>Pentair Finance S.a r.l.</name>
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        <title>PNR 5.9 07/15/32</title>
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        <invCountry>LU</invCountry>

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        <name>Waste Management, Inc.</name>
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        <name>Keysight Technologies, Inc.</name>
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        <name>Meta Platforms Inc</name>
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        <name>AbbVie Inc.</name>
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        <name>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEF 2.625 10/15/31</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
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        <name>Moodys Corp.</name>
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        <title>MCO 2.55 08/18/60</title>
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        <name>Viatris Inc</name>
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        <name>Parker-Hannifin Corp.</name>
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        <title>PH 4.5 09/15/29</title>
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        <name>Aptargroup Inc.</name>
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        <name>Banco Santander SA</name>
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        <name>MPLX LP</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Equitable Holdings Inc</name>
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        <name>The Connecticut Light and Power Company</name>
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        <title>ES 4.9 07/01/33</title>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC 3.9 05/01/45</title>
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        <name>NextEra Energy Capital Holdings Inc</name>
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        <name>Willis North America Inc.</name>
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        <name>Broadcom Inc</name>
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        <name>Union Pacific Corporation</name>
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        <name>Entergy Arkansas LLC</name>
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        <name>Bank of Montreal</name>
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        <name>Bank of America Corp.</name>
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        <name>U.S. Bancorp.</name>
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        <name>Willis North America Inc.</name>
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        <name>Fiserv Inc.</name>
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        <name>Lockheed Martin Corporation</name>
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        <name>American Electric Power Co, Inc.</name>
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        <name>Barclays PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NiSource Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Walmart Inc</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-09</maturityDt>
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        <name>DELL INTERNATIONAL LLC</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>DELL 4.9 10/01/26</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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        <name>Visa Inc</name>
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        <title>V 2 08/15/50</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC 4.3 07/22/27 GMTN</title>
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        <valUSD>192561.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN 6.2 11/15/30</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF 3.8 01/31/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-31</maturityDt>
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        <name>Broadcom Inc</name>
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        <title>AVGO 4.15 11/15/30</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Brown &amp; Brown Inc</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BRO 5.65 06/11/34</title>
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          <maturityDt>2034-06-11</maturityDt>
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        <name>Blue Owl Credit Income Corp.</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>OCINCC 7.95 06/13/28</title>
        <cusip>69120VBB6</cusip>
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        <name>Verizon Communications Inc.</name>
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        <title>VZ 4.016 12/03/29</title>
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        <name>Duke Energy Corp</name>
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        <name>Public Service Company of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>XEL 1.875 06/15/31</title>
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        <name>Trustees of Dartmouth College</name>
        <lei>JVPL1XBV6YI9538FWQ05</lei>
        <title>DARMTH 3.474 06/01/46</title>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.466 01/18/35</title>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Raymond James Financial Inc.</name>
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        <name>Citigroup Inc.</name>
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        <name>AbbVie Inc.</name>
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        <name>Walmart Inc</name>
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        <name>Home Depot Inc.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>AT&amp;T Inc</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Blue Owl Technology Finance Corp.</name>
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        <name>Medtronic, Inc.</name>
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        <name>Ascension Health Alliance</name>
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        <name>American Express Company</name>
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        <name>Webster Financial Corp.</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>WBS 4.1 03/25/29</title>
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        <name>Florida Power &amp; Light Co.</name>
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        <name>Boeing Co.</name>
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        <name>Netflix, Inc.</name>
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        <name>DH Europe Finance II SARL</name>
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        <name>Bank of America Corp.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>McDonald's Corp.</name>
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        <name>Unilever Capital Corporation</name>
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        <name>Principal Financial Group Inc.</name>
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        <name>STORE CAPITAL LLC</name>
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        <name>Florida Power &amp; Light Co.</name>
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        <title>NEE 5.25 02/01/41</title>
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        <name>Deutsche Bank AG New York Branch</name>
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        <name>Pfizer Inc.</name>
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        <name>Comcast Corporation</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>LYB International Finance III LLC</name>
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        <name>Becton, Dickinson and Company</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Medtronic, Inc.</name>
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        <name>AEP Texas Inc</name>
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        <name>SUNCOR ENERGY INC</name>
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        <title>SUCN 4 11/15/47</title>
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        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>STORE CAPITAL LLC</name>
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        <name>Shell International Finance B.V.</name>
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        <name>U.S. Bancorp.</name>
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        <name>McDonald's Corp.</name>
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        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
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      <invstOrSec>
        <name>Deutsche Bank AG New York Branch</name>
        <lei>N/A</lei>
        <title>DB V3.742 01/07/33</title>
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        <balance>480000.00000000</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>2033-01-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.74200000</annualizedRt>
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      <invstOrSec>
        <name>AERCAP IRELAND CAPITAL DAC</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AER 3 10/29/28</title>
        <cusip>00774MAW5</cusip>
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          <isin value="US00774MAW55"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291931.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Baptist Health South Florida Inc.</name>
        <lei>K6I7TB5M0RZYIMZN1Q07</lei>
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          <isin value="US066836AB32"/>
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        <valUSD>89594.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.34200000</annualizedRt>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6.4 12/01/30</title>
        <cusip>29273VAT7</cusip>
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          <isin value="US29273VAT70"/>
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        <balance>374000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408050.83000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <name>Vale Overseas Limited</name>
        <lei>254900BA3U6G5DNV5V04</lei>
        <title>VALEBZ 6.4 06/28/54</title>
        <cusip>91911TAS2</cusip>
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          <isin value="US91911TAS24"/>
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        <balance>298000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312193.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <name>Unilever Capital Corporation</name>
        <lei>MYF1DAS6G5WY7PRWCU78</lei>
        <title>UNANA 4.25 08/12/27</title>
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          <isin value="US904764BU02"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302512.20000000</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>2027-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 2.65 11/20/40</title>
        <cusip>92343VFT6</cusip>
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          <isin value="US92343VFT61"/>
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        <balance>382000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278545.42000000</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>2040-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HON 5.25 03/01/54</title>
        <cusip>438516CT1</cusip>
        <identifiers>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192462.40000000</valUSD>
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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>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Vale Canada Limited</name>
        <lei>PRAQ4VOSFIK7OQ8Z2512</lei>
        <title>VALEBZ 7.2 09/15/32</title>
        <cusip>453258AP0</cusip>
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          <isin value="US453258AP01"/>
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        <balance>108000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120989.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 4.95 06/15/28</title>
        <cusip>29278NAF0</cusip>
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        <balance>230000.00000000</balance>
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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>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 4.55 07/15/28</title>
        <cusip>682680AU7</cusip>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182262.78000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 4.7 04/15/48</title>
        <cusip>55336VAN0</cusip>
        <identifiers>
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        <balance>320000.00000000</balance>
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        <valUSD>269764.16000000</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>2048-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V4.995 07/22/30</title>
        <cusip>46647PEJ1</cusip>
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        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 2.8 09/14/27</title>
        <cusip>437076BT8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-14</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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        <name>Southern California Edison Company</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>EIX 5.95 11/01/32</title>
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        <name>Brookfield Finance Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>BNCN 4.7 09/20/47</title>
        <cusip>11271LAB8</cusip>
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        <valUSD>206051.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <name>Kimberly-Clark Corporation</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
        <title>KMB 3.7 06/01/43</title>
        <cusip>494368BL6</cusip>
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        <balance>226000.00000000</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>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>Lloyds Banking Group PLC</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Phillips 66</name>
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        <name>NatWest Group PLC</name>
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        <name>TotalEnergies Capital S.A.</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>Targa Resources Corp.</name>
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        <name>S&amp;P Global Inc</name>
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        <name>Franklin Bsp Capital Corp.</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>Phillips 66</name>
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        <name>Nomura Holdings Inc.</name>
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        <name>Southern California Edison Company</name>
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        <name>Rio Tinto Alcan Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>AT&amp;T Inc</name>
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        <name>Public Service Enterprise Group Incorporated</name>
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        <name>Broadridge Financial Solutions Inc.</name>
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        <name>Brookfield Finance Inc.</name>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 2.875 11/20/50</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MetLife Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>CAG 5.3 11/01/38</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Public Service Company</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Targa Resources Corp.</name>
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        <name>Franklin Bsp Capital Corp.</name>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <name>Bank of America Corp.</name>
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        <name>The Procter &amp; Gamble Co.</name>
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        <name>STORE CAPITAL LLC</name>
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        <title>STOR 4.5 03/15/28</title>
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        <name>General Motors Financial Company Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM 2.35 01/08/31</title>
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        <name>Energy Transfer LP</name>
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        <name>Lloyds Banking Group PLC</name>
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        <name>American Honda Finance Corporation</name>
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        <name>Motorola Solutions Inc</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>American Express Company</name>
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        <name>McDonald's Corp.</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 5.95 05/15/54</title>
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        <name>BLACKROCK FINANCE INC</name>
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        <name>Citizens Bank National Association</name>
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        <name>MPLX LP</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>Anheuser-Busch InBev Worldwide Inc.</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>Motorola Solutions Inc</name>
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        <title>MSI 2.75 05/24/31</title>
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        <name>Bristol-Myers Squibb Company</name>
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        <name>AEP Texas Inc</name>
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        <name>Georgia Power Company</name>
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        <name>Blue Owl Finance Llc</name>
        <lei>254900OF2NO2GYFV5T41</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MPLX LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 3.95 03/01/48</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU 3.905 12/07/47</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-07</maturityDt>
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        <name>Dow Chemical Co. (The)</name>
        <lei>ZQUIP1CSZO8LXRBSOU78</lei>
        <title>DOW 5.55 11/30/48</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-30</maturityDt>
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        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TRGP 5.5 02/15/35</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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        <name>Wisconsin Electric Power Company</name>
        <lei>AENKIFMULUAWOUU8Q584</lei>
        <title>WEC 4.15 10/15/30</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Blue Owl Finance Llc</name>
        <lei>254900OF2NO2GYFV5T41</lei>
        <title>OWL 4.375 02/15/32</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AstraZeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>AZN 2.25 05/28/31</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ovintiv Inc</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>OVV 8.125 09/15/30</title>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC 6.5 09/15/37 **</title>
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        <invCountry>GB</invCountry>
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        <name>TotalEnergies Capital S.A.</name>
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        <title>TTEFP 5.15 04/05/34</title>
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        <name>ING Groep N.V.</name>
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        <title>INTNED V4.252 03/28/33</title>
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        <name>Dentsply Sirona Inc</name>
        <lei>9NHEHR1SOZCYXDO8HO28</lei>
        <title>XRAY V8.375 09/12/55</title>
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        <name>Ares Strategic Income Fund</name>
        <lei>549300IANZJVZPTICV54</lei>
        <title>ARESSI 5.7 03/15/28</title>
        <cusip>04020EAG2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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        <name>Johnson &amp; Johnson</name>
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        <name>HA Sustainable Infrastructure Capital Inc</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>AbbVie Inc.</name>
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        <name>BLACKROCK FINANCE INC</name>
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        <name>MetLife Inc.</name>
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        <name>Microsoft Corp.</name>
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        <title>MSFT 3.3 02/06/27</title>
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        <name>Mizuho Financial Group Inc.</name>
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        <name>Amgen Inc.</name>
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        <name>PECO Energy Co.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>MPLX LP</name>
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        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HON 4.7 02/01/30</title>
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        <name>Phillips 66</name>
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        <name>Georgia Power Company</name>
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        <name>Home Depot Inc.</name>
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        <name>Novartis Capital Corporation</name>
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        <name>Spire Inc</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Amgen Inc.</name>
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        <name>Energy Transfer LP</name>
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        <name>S&amp;P Global Inc</name>
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        <name>Bristol-Myers Squibb Company</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-14</maturityDt>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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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>
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          <maturityDt>2030-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.08800000</annualizedRt>
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      <invstOrSec>
        <name>BLACKROCK FINANCE INC</name>
        <lei>549300LRIF3NWCU26A80</lei>
        <title>BLK 3.25 04/30/29</title>
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          <isin value="US09247XAP69"/>
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        <balance>516000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>507609.32000000</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>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 4.65 08/15/44</title>
        <cusip>94973VBK2</cusip>
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        <balance>158000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139956.95000000</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>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <name>Chevron USA Inc</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
        <title>CVX 2.343 08/12/50</title>
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          <isin value="US166756AH97"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58889.87000000</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>2050-08-12</maturityDt>
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      <invstOrSec>
        <name>CF Industries, Inc.</name>
        <lei>5FVKT86LAD2F40NPC183</lei>
        <title>CF 5.15 03/15/34</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203791.10000000</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>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>NetApp Inc.</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NTAP 5.5 03/17/32</title>
        <cusip>64110DAM6</cusip>
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          <isin value="US64110DAM65"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291762.52000000</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>2032-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toledo Hospital</name>
        <lei>5493009DCR7NWV6K4T34</lei>
        <title>TOLHOS 4.982 11/15/45</title>
        <cusip>889184AA5</cusip>
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          <isin value="US889184AA51"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.98200000</annualizedRt>
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      <invstOrSec>
        <name>Agree LP</name>
        <lei>549300DXY3G299V1BO77</lei>
        <title>ADC 5.6 06/15/35</title>
        <cusip>008513AF0</cusip>
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          <isin value="US008513AF06"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528341.50000000</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>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TRGP 6.25 07/01/52</title>
        <cusip>87612KAC6</cusip>
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        <balance>300000.00000000</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>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>Southern California Edison Company</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>EIX 5.2 06/01/34</title>
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        <curCd>USD</curCd>
        <valUSD>102013.20000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>Visa Inc</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>V 2.05 04/15/30</title>
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        <invCountry>US</invCountry>
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        <name>Sands China Ltd.</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>SANLTD 5.4 08/08/28</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-08</maturityDt>
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        <name>General Motors Company</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GM 6.25 04/15/35</title>
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        <name>AstraZeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>AZN 1.75 05/28/28</title>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STT V3.031 11/01/34</title>
        <cusip>857477BF9</cusip>
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        <balance>892000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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        <name>Illinois Tool Works Inc.</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>ITW 2.65 11/15/26</title>
        <cusip>452308AX7</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>2026-11-15</maturityDt>
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          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <cusip>78017FZQ9</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Novartis Capital Corporation</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>NOVNVX 4.4 05/06/44</title>
        <cusip>66989HAH1</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-06</maturityDt>
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        <name>eBay Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>EBAY 5.125 11/06/35</title>
        <cusip>278642BE2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LPL Holdings Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPLA 5.65 03/15/35</title>
        <cusip>50212YAM6</cusip>
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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>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 3.35 04/15/50</title>
        <cusip>437076CD2</cusip>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214977.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 5.25 03/02/33</title>
        <cusip>031162DR8</cusip>
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        <balance>302000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315541.68000000</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>2033-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 6.5 11/15/35</title>
        <cusip>20030NAK7</cusip>
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        <balance>357000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402184.42000000</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>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Rio Tinto Finance (USA) plc</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>RIOLN 4.125 08/21/42</title>
        <cusip>76720AAG1</cusip>
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        <balance>160000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-21</maturityDt>
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        <name>Zimmer Biomet Holdings Inc</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>ZBH 3.55 03/20/30</title>
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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>2030-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6 06/15/48</title>
        <cusip>29278NAE3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-15</maturityDt>
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        <name>BLACKROCK FINANCE INC</name>
        <lei>549300LRIF3NWCU26A80</lei>
        <title>BLK 2.4 04/30/30</title>
        <cusip>09247XAQ4</cusip>
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        <name>Georgia Power Company</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>SO 3.25 03/15/51 A</title>
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        <name>SUNOCO LOGISTICS PARTNERS OPERATIONS LP</name>
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        <title>ET 5.35 05/15/45</title>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V5.571 04/22/28</title>
        <cusip>46647PEE2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-22</maturityDt>
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      <invstOrSec>
        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 3.9 12/06/28</title>
        <cusip>437076BW1</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-06</maturityDt>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <name>Oracle Corp.</name>
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        <name>Barclays PLC</name>
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        <name>Capital One Financial Corp.</name>
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        <name>McDonald's Corp.</name>
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        <name>Weyerhaeuser Company</name>
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        <name>The Toronto-Dominion Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-15</maturityDt>
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        <name>LYB International Finance III LLC</name>
        <lei>984500A51LA0B8EB4053</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-01</maturityDt>
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      <invstOrSec>
        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <name>Medtronic Global Holdings SCA</name>
        <lei>549300JXMTTP8GKYIX14</lei>
        <title>MDT 4.5 03/30/33</title>
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        <balance>794000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>800026.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Cabot Corporation</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>CBT 5 06/30/32</title>
        <cusip>127055AM3</cusip>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HON 5 02/15/33</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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Pacific Railway Company</name>
        <lei>54930036474DURYNB481</lei>
        <title>CP 3.1 12/02/51</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>AT&amp;T Inc</name>
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        <title>T 5.375 08/15/35</title>
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        <name>Emerson Electric Co.</name>
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        <name>The Procter &amp; Gamble Co.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Arizona Public Service Company</name>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMZN 4.65 12/01/29</title>
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        <name>Boeing Co.</name>
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        <name>AEP Transmission Company, LLC</name>
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        <name>Coca-Cola Co (The)</name>
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        <name>HSBC Holdings PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisville Gas and Electric Company</name>
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        <name>The Toledo Edison Company</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Home Depot Inc.</name>
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        <title>HD 3.125 12/15/49</title>
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        <fairValLevel>2</fairValLevel>
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        <name>The Procter &amp; Gamble Co.</name>
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        <name>Zimmer Biomet Holdings Inc</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>ZBH 4.25 08/15/35</title>
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        <name>TotalEnergies Capital S.A.</name>
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        <title>TTEFP 3.883 10/11/28</title>
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        <name>Xylem, Inc.</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>XYL 1.95 01/30/28</title>
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        <name>Reinsurance Group of America, Incorporated</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>RGA V6.65 09/15/55</title>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>MUFG 3.741 03/07/29</title>
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        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE 2.25 06/01/30</title>
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        <name>GE Aerospace</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE 6.75 03/15/32 MTNA</title>
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        <name>Baker Hughes Holdings LLC</name>
        <lei>549300XU3XH6F05YEQ93</lei>
        <title>BHI 3.337 12/15/27</title>
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        <name>AEP Transmission Company, LLC</name>
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        <name>Weyerhaeuser Company</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>Mayo Clinic</name>
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        <name>TARGA RESOURCES PARTNERS LP</name>
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        <name>Caterpillar Inc</name>
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        <name>Amgen Inc.</name>
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        <name>Dominion Energy South Carolina Inc</name>
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        <name>Energy Transfer LP</name>
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        <name>ONE Gas, Inc.</name>
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        <name>Targa Resources Corp.</name>
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        <name>ING Groep N.V.</name>
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        <name>American Express Company</name>
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        <name>General Motors Company</name>
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        <name>Newmont Corporation</name>
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        <name>Jefferies Financial Group Inc</name>
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        <name>Canadian Pacific Railway Company</name>
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        <title>CP 2.45 12/02/31</title>
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        <name>Amazon.com, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>HSBC Holdings PLC</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>Novartis Capital Corporation</name>
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        <name>Blue Owl Credit Income Corp.</name>
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        <name>Royal Bank of Canada</name>
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        <name>The Toronto-Dominion Bank</name>
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        <name>ING Groep N.V.</name>
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        <name>Cummins Inc.</name>
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        <title>CMI 1.5 09/01/30</title>
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        <name>T-Mobile USA, Inc.</name>
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        <name>General Motors Company</name>
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        <name>Bank of America Corp.</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <name>ONE Gas, Inc.</name>
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        <name>Starbucks Corp.</name>
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        <name>Baxter International, Inc.</name>
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        <title>BAX 3.132 12/01/51</title>
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        <name>Baker Hughes Holdings LLC</name>
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        <name>Elevance Health Inc.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Stryker Corporation</name>
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        <name>Ford Motor Credit Company LLC</name>
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        <name>Home Depot Inc.</name>
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        <name>Microsoft Corp.</name>
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        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 4.2 03/01/33</title>
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        <name>Kinder Morgan Energy Partners LP</name>
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        <name>CommonSpirit Health</name>
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        <name>Honeywell International Inc.</name>
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        <name>Ford Foundation</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Commonwealth Edison Company</name>
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        <name>McDonald's Corp.</name>
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        <name>Microsoft Corp.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>McDonald's Corp.</name>
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        <title>MCD 4.2 04/01/50 MTN</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cummins Inc.</name>
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        <title>CMI 4.9 02/20/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILD 4.8 04/01/44</title>
        <cusip>375558AX1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Finance Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>BNCN 4.35 04/15/30</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>Novartis Capital Corporation</name>
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        <title>NOVNVX 2 02/14/27</title>
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        <name>Phillips 66</name>
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        <title>PSX 3.9 03/15/28</title>
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        <name>Gallagher Aj &amp;Co</name>
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        <title>AJG 6.75 02/15/54</title>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>MUFG 4.05 09/11/28</title>
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        <name>Woodside Finance Ltd.</name>
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        <name>Starbucks Corp.</name>
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        <name>Oracle Corp.</name>
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        <title>ORCL 3.9 05/15/35</title>
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        <name>American Water Capital Corp</name>
        <lei>5IDHQUFVC8Q2KIBBFF06</lei>
        <title>AWK 4.45 06/01/32</title>
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        <name>Intel Corporation</name>
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        <name>Abbott Laboratories</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>QUALCOMM Inc.</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Merck &amp; Co., Inc</name>
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        <name>Dominion Energy Inc</name>
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        <name>Shell Finance US Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Intel Corporation</name>
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        <name>Microsoft Corp.</name>
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        <name>AbbVie Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>KeyCorp</name>
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        <name>Southern Co.</name>
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        <name>WELLS FARGO &amp; CO</name>
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        <name>Pepsico Inc</name>
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        <name>Diamondback Energy Inc</name>
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        <name>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 4.6 03/25/40</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-25</maturityDt>
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        <name>The Procter &amp; Gamble Co.</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Martin Marietta Materials Inc</name>
        <lei>5299005MZ4WZECVATV08</lei>
        <title>MLM 3.45 06/01/27</title>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V4.457 04/22/39</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oaktree Specialty Lending Corp.</name>
        <lei>549300J6MGCEU5928620</lei>
        <title>OCSL 6.34 02/27/30</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WILLIAMS COMPANIES INC (THE)</name>
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        <title>WMB 5.1 09/15/45</title>
        <cusip>96949LAC9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 2.5 02/01/31</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Pepsico Inc</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEP 2.875 10/15/49</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange SA</name>
        <lei>969500MCOONR8990S771</lei>
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        <name>Northrop Grumman Corporation</name>
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        <title>NOC 5.25 05/01/50</title>
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        <name>Evergy Metro Inc.</name>
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        <name>Chubb INA Holdings LLC</name>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>MUFG V1.64 10/13/27</title>
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        <name>Canadian Natural Resources Limited</name>
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        <name>Americold Realty Operating Partnership LP</name>
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        <title>COLD 5.409 09/12/34</title>
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        <name>QUALCOMM Inc.</name>
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        <name>Citigroup Inc.</name>
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        <name>3M Company</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <name>Merck &amp; Co., Inc</name>
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        <name>Intel Corporation</name>
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        <name>WILLIAMS COMPANIES INC (THE)</name>
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        <name>Intel Corporation</name>
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        <name>Bank of America Corp.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Pacific Gas and Electric Company</name>
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        <name>AbbVie Inc.</name>
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        <name>Canadian Natural Resources Limited</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
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        <name>Oncor Electric Delivery Company LLC</name>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V5.719 03/04/35</title>
        <cusip>404280EE5</cusip>
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        <curCd>USD</curCd>
        <valUSD>320336.10000000</valUSD>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.71900000</annualizedRt>
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        <name>Reynolds American Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
        <title>BATSLN 5.85 08/15/45</title>
        <cusip>761713BB1</cusip>
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          <isin value="US761713BB19"/>
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        <curCd>USD</curCd>
        <valUSD>325951.60000000</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>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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        <name>WILLIAMS COMPANIES INC (THE)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WMB 4.85 03/01/48</title>
        <cusip>96949LAE5</cusip>
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          <isin value="US96949LAE56"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>391490.66000000</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>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson Controls International PLC</name>
        <lei>549300XQ6S1GYKGBL205</lei>
        <title>JCI 6 01/15/36 *</title>
        <cusip>478375AH1</cusip>
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          <isin value="US478375AH14"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119805.90000000</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>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V3.772 01/24/29 GMTN</title>
        <cusip>61744YAP3</cusip>
        <identifiers>
          <isin value="US61744YAP34"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408983.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77200000</annualizedRt>
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        <name>Rio Tinto Finance (USA) plc</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>RIOLN 5.75 03/14/55</title>
        <cusip>76720AAV8</cusip>
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          <isin value="US76720AAV89"/>
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        <balance>30000.00000000</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>2055-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Polaris Inc.</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>PII 5.6 03/01/31</title>
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        <balance>300000.00000000</balance>
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        <valUSD>305400.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <name>Fomento Economico Mexicano S A B de C V</name>
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        <title>FEMSA 3.5 01/16/50</title>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Boston Properties LP</name>
        <lei>BVHHEFJI6SHNOKQT2572</lei>
        <title>BXP 5.75 01/15/35</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>Markel Group Inc</name>
        <lei>549300SCNO12JLWIK605</lei>
        <title>MKL 5 03/30/43</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>WFC V5.211 12/03/35</title>
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        <name>General Motors Company</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GM 5 10/01/28</title>
        <cusip>37045VAS9</cusip>
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        <name>Citigroup Inc.</name>
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        <title>C 5.3 05/06/44</title>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V6.361 10/27/28</title>
        <cusip>316773DJ6</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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        <name>TARGA RESOURCES PARTNERS LP</name>
        <lei>6OQWTZ1SPC04IFT4T704</lei>
        <title>TRGP 4.875 02/01/31</title>
        <cusip>87612BBS0</cusip>
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        <balance>367000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <name>Oracle Corp.</name>
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        <name>Reynolds American Inc.</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>The Cigna Group</name>
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        <name>COMMONSPIRIT HEALTH</name>
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        <title>CATMED 4.35 11/01/42</title>
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        <name>Truist Financial Corp.</name>
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        <name>Rio Tinto Finance (USA) plc</name>
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        <title>RIOLN 5.25 03/14/35</title>
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        <name>The Bank of New York Mellon Corp.</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>Pacific Gas and Electric Company</name>
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        <name>KeyCorp</name>
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        <name>Cooperatieve Rabobank U.A.</name>
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        <title>RABOBK 5.25 08/04/45</title>
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        <name>Berkshire Hathaway Energy Company</name>
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        <name>Ally Financial Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY 7.1 11/15/27</title>
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        <name>Apple Inc.</name>
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        <name>Norfolk Southern Corporation</name>
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        <name>HSBC Holdings PLC</name>
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        <name>AstraZeneca PLC</name>
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        <title>AZN 6.45 09/15/37</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 4.375 05/15/55</title>
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        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>ABT 4.9 11/30/46</title>
        <cusip>002824BH2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-30</maturityDt>
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        <name>Molson Coors Beverage Company</name>
        <lei>54930073LBBH6ZCBE225</lei>
        <title>TAP 4.2 07/15/46</title>
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        <name>Comcast Corporation</name>
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        <title>CMCSA 2.65 02/01/30</title>
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        <name>Kellanova</name>
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        <name>Deere &amp; Company</name>
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        <name>Constellation Brands, Inc.</name>
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        <name>Dupont De Nemours Inc</name>
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        <name>American Tower Corporation</name>
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        <name>DTE Electric Co.</name>
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        <name>Athene Holding Ltd</name>
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        <title>ATH 3.95 05/25/51</title>
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        <name>General Motors Financial Company Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM 2.4 10/15/28</title>
        <cusip>37045XDP8</cusip>
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        <name>Diamondback Energy Inc</name>
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        <name>Bank of America Corp.</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Sanofi SA</name>
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        <name>American Airlines, Inc.</name>
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        <name>Dupont De Nemours Inc</name>
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        <name>Honeywell International Inc.</name>
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        <name>Boston Properties LP</name>
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        <name>Unilever Capital Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pepsico Inc</name>
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        <name>Ally Financial Inc.</name>
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        <name>Pfizer Inc.</name>
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        <name>Apple Inc.</name>
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        <name>Cheniere Corpus Christi Holdings, LLC</name>
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        <name>DEUTSCHE BANK AG NEW YORK BRANCH</name>
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        <name>American Tower Corporation</name>
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        <name>Bank of America Corp.</name>
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        <name>The Hartford Insurance Group Inc.</name>
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        <name>GlaxoSmithKline Capital Inc.</name>
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        <name>Danaher Corporation</name>
        <lei>S4BKK9OTCEWQ3YHPFM11</lei>
        <title>DHR 2.8 12/10/51</title>
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        <name>Boston Properties LP</name>
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        <name>American Water Capital Corp</name>
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        <name>Morgan Stanley</name>
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        <name>Visa Inc</name>
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        <title>V 2.7 04/15/40</title>
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        <name>Sysco Corporation</name>
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        <name>Take-Two Interactive Software Inc.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>TTWO 4 04/14/32</title>
        <cusip>874054AH2</cusip>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA 3.375 04/01/30 MTN</title>
        <cusip>89236TGY5</cusip>
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        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>LLY 4.7 02/09/34</title>
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        <name>Lam Research Corporation</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LRCX 1.9 06/15/30</title>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UPS 4.875 03/03/33</title>
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        <name>Pepsico Inc</name>
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        <name>Oncor Electric Delivery Company LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
        <title>ONCRTX 4.15 06/01/32</title>
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        <name>Amazon.com, Inc.</name>
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        <title>AMZN 3.1 05/12/51</title>
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        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>Public Service Electric &amp; Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
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        <name>Norfolk Southern Corporation</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>NSC 5.95 03/15/64</title>
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        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI V6.375 03/31/55</title>
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        <name>Occidental Petroleum Corp.</name>
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        <name>State Street Corp.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Santander Holdings USA Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Corning Incorporated</name>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <name>O'Reilly Automotive Inc.</name>
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        <name>Sanofi SA</name>
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        <name>Digital Realty Trust, L.P.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Lowes Companies, Inc.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Oneok Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Citigroup Inc.</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>TELUS CORP</name>
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        <name>Royal Bank of Canada</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>Truist Financial Corp.</name>
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        <name>Air Lease Corporation</name>
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        <name>Cheniere Corpus Christi Holdings, LLC</name>
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        <name>QUALCOMM Inc.</name>
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        <name>International Paper Co.</name>
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        <name>S&amp;P Global Inc</name>
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        <name>Norfolk Southern Corporation</name>
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        <name>Comcast Corporation</name>
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        <name>Leggett &amp; Platt Inc.</name>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-23</maturityDt>
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        <name>The University Of Chicago</name>
        <lei>54930099Y7GU6182V326</lei>
        <title>UNICHI 2.547 04/01/50 C</title>
        <cusip>91412NBE9</cusip>
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          <maturityDt>2050-04-01</maturityDt>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KMI 5.05 02/15/46</title>
        <cusip>49456BAJ0</cusip>
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        <name>3M Company</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>MMM 4 09/14/48 MTN</title>
        <cusip>88579YBD2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STT 2.2 03/03/31</title>
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        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D 5.375 11/15/32</title>
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          <couponKind>Fixed</couponKind>
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        <name>MetLife Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MET 4.875 11/13/43</title>
        <cusip>59156RBG2</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-11-13</maturityDt>
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        <name>California Institute of Technology</name>
        <lei>549300CITPNHOTVPHC04</lei>
        <title>CALTEC 4.7 11/01/11</title>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 4 11/15/47</title>
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        <name>Telefonica Emisiones S.A.U.</name>
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        <title>TELEFO 4.665 03/06/38</title>
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        <name>Centerpoint Energy Houston Electric LLC</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CNP 5.2 10/01/28</title>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V4.873 01/26/29 MTN</title>
        <cusip>89788MAL6</cusip>
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        <name>Home Depot Inc.</name>
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        <name>Lloyds Banking Group PLC</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Illinois Tool Works Inc.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>QUALCOMM Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vale S.A.</name>
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        <invCountry>BR</invCountry>
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        <name>GlaxoSmithKline Capital Inc.</name>
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        <name>Pepsico Inc</name>
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        <name>AT&amp;T Inc</name>
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        <name>American Tower Corporation</name>
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        <title>AMT 3.8 08/15/29</title>
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        <name>Lloyds Banking Group PLC</name>
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        <name>Oracle Corp.</name>
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        <name>Virginia Electric and Power Company</name>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 4.65 03/15/28</title>
        <cusip>00287YDY2</cusip>
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        <name>Boston Properties LP</name>
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        <name>Nutrien Ltd</name>
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        <name>Diamondback Energy Inc</name>
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        <name>Arizona Public Service Company</name>
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        <name>Avista Corporation</name>
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        <name>Bank of America Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Boeing Co.</name>
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        <name>Lowes Companies, Inc.</name>
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        <name>Broadcom Inc</name>
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        <name>Kilroy Realty L.P.</name>
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        <name>Canadian Pacific Railway Company</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V5.597 05/17/28</title>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Synopsys Inc</name>
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        <name>Lam Research Corporation</name>
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        <name>Microsoft Corp.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Morgan Stanley Bank, National Association (Utah)</name>
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        <name>Virginia Electric and Power Company</name>
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        <name>AbbVie Inc.</name>
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        <name>Amgen Inc.</name>
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        <name>Valero Energy Corp.</name>
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        <name>DTE Electric Co.</name>
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        <name>Duke Energy Indiana, LLC.</name>
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        <name>Merck &amp; Co., Inc</name>
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        <name>Global Payments Inc</name>
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        <name>NiSource Inc.</name>
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        <name>Bell Canada</name>
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        <name>Bank of America Corp.</name>
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        <name>Aptiv PLC / Aptiv Corp</name>
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        <invCountry>JE</invCountry>

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        <name>JBS USA HOLDING LUX SARL</name>
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        <title>JBS 6.5 12/01/52</title>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 4.125 08/15/46</title>
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        <name>Canadian Natural Resources Limited</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>CNQCN 6.25 03/15/38</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-15</maturityDt>
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        <name>Sysco Corporation</name>
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        <name>CMS Energy Corporation</name>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 6 11/30/65</title>
        <cusip>92343VHK3</cusip>
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        <name>Fifth Third Bancorp</name>
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        <name>Workday Inc</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>WDAY 3.8 04/01/32</title>
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        <name>MetLife Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MET 4.125 08/13/42</title>
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        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFE 3.6 09/15/28</title>
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        <name>Lam Research Corporation</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LRCX 4 03/15/29</title>
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        <name>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 3.05 08/12/51</title>
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        <name>T-Mobile USA, Inc.</name>
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        <name>AbbVie Inc.</name>
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        <name>Expand Energy Corp.</name>
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        <name>Entergy Mississippi LLC</name>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STT V4.53 02/20/29</title>
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        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUM 5.5 03/15/53</title>
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        <name>Becton, Dickinson and Company</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BDX 4.669 06/06/47</title>
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        <name>Paypal Holdings Inc.</name>
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        <title>PYPL 5.15 06/01/34</title>
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        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 5.55 11/01/26</title>
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        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI 5 06/15/52</title>
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        <name>The J M Smucker Company</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>SJM 2.125 03/15/32</title>
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        <name>B.A.T. Capital Corporation</name>
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        <name>Union Electric Company</name>
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        <title>AEE 5.3 08/01/37</title>
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        <name>TotalEnergies Capital International S.A.</name>
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        <title>TTEFP 3.386 06/29/60</title>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UPS 3.4 03/15/29</title>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 2.95 04/01/30</title>
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        <name>Energy Transfer LP</name>
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        <name>HP Inc</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Home Depot Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Leidos Inc</name>
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        <name>MetLife Inc.</name>
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        <name>TotalEnergies Capital International S.A.</name>
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        <name>Oneok Inc.</name>
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        <name>Kaiser Foundation Hospitals</name>
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        <name>NiSource Inc.</name>
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        <name>Oshkosh Corporation</name>
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        <name>Apple Inc.</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>Coca-Cola FEMSA SAB de CV</name>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Caterpillar Inc</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-15</maturityDt>
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        <name>Santander Holdings USA Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-06</maturityDt>
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        <name>RTX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Canadian National Railway Company</name>
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        <title>CNRCN 5.85 11/01/33</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
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        <name>Walmart Inc</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-15</maturityDt>
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        <name>FirstEnergy Corp.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Costco Wholesale Corporation</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <title>BPLN 3.06 06/17/41</title>
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        <name>VMware LLC</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA 4.9 08/15/44</title>
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        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D V6.875 02/01/55 A</title>
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        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 4.85 06/15/44</title>
        <cusip>00287YDA4</cusip>
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        <name>The Campbells Co.</name>
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        <name>Home Depot Inc.</name>
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        <name>RTX Corp.</name>
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        <name>Comcast Corporation</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Bank of America Corp.</name>
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        <name>The Estee Lauder Companies Inc.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>U.S. Bancorp.</name>
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        <name>DEUTSCHE BANK AG NEW YORK BRANCH</name>
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        <name>Elevance Health Inc.</name>
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        <name>Ryder System, Inc.</name>
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        <name>Analog Devices Inc.</name>
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        <name>Santander Holdings USA Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>VMware LLC</name>
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        <name>Allina Health System</name>
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      <invstOrSec>
        <name>Salesforce Inc.</name>
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        <title>CRM 3.7 04/11/28</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Leidos Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>2.30000000</annualizedRt>
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        <name>Tsmc Arizona Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-25</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Bank of America Corp.</name>
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        <cusip>06051GHA0</cusip>
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        <valUSD>153479.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.94600000</annualizedRt>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V2.894 11/24/32</title>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-24</maturityDt>
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          <annualizedRt>2.89400000</annualizedRt>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 3.7 03/22/61</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CDW LLC / CDW Finance Corp</name>
        <lei>N/A</lei>
        <title>CDW 2.67 12/01/26</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.67000000</annualizedRt>
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        <name>Host Hotels &amp; Resorts, L.P.</name>
        <lei>FXB7X4WXVA8QPMNOGS12</lei>
        <title>HST 5.5 04/15/35</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>The Cigna Group</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CI 4.8 07/15/46 *</title>
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          <maturityDt>2046-07-15</maturityDt>
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        <name>Canadian National Railway Company</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>CNRCN 6.125 11/01/53</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Prologis, L.P.</name>
        <lei>GL16H1DHB0QSHP25F723</lei>
        <title>PLD 1.625 03/15/31</title>
        <cusip>74340XBS9</cusip>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BPLN 2.939 06/04/51</title>
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        <name>Caterpillar Inc</name>
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        <title>CAT 2.6 04/09/30</title>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ARE 5.625 05/15/54</title>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V4.281 04/24/48</title>
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          <maturityDt>2048-04-24</maturityDt>
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        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>KMI 5.5 03/01/44</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>AES Corp.</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
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        <name>Merck &amp; Co., Inc</name>
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        <name>Dominion Energy Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AngloGold Ashanti Holdings PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>The J M Smucker Company</name>
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        <title>SJM 6.5 11/15/43</title>
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        <name>Analog Devices Inc.</name>
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        <name>Tsmc Arizona Corp.</name>
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        <name>HP Inc</name>
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        <name>The J M Smucker Company</name>
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        <name>Oracle Corp.</name>
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        <name>Air Lease Corporation</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>L3 Harris Technologies Inc</name>
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        <name>Honeywell International Inc.</name>
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        <name>Cheniere Energy Inc</name>
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      <invstOrSec>
        <name>Amgen Inc.</name>
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        <name>Costco Wholesale Corporation</name>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Berkshire Hathaway Energy Company</name>
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        <name>Visa Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Revvity Inc</name>
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        <name>Merck &amp; Co., Inc</name>
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        <name>Bell Canada</name>
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        <title>BCECN 2.15 02/15/32 US-5</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Capital One, National Association</name>
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        <name>Leidos Inc</name>
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        <name>Arch Capital Finance LLC</name>
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        <title>ACGL 5.031 12/15/46</title>
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        <name>Royalty Pharma PLC</name>
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        <title>RPRX 5.15 09/02/29</title>
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        <name>Boeing Co.</name>
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        <title>BA 7.008 05/01/64</title>
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        <name>TotalEnergies Capital International S.A.</name>
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        <name>U.S. Bancorp.</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>USB V5.85 10/21/33</title>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 5.3 04/01/53</title>
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        <name>Apple Inc.</name>
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        <name>Aon Corp.</name>
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        <name>NiSource Inc.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <name>LYB International Finance III LLC</name>
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        <name>Air Lease Corporation</name>
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        <name>Caterpillar Inc</name>
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        <name>DTE Electric Co.</name>
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        <name>McDonald's Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Comcast Corporation</name>
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        <name>Walt Disney Company</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Oneok Inc.</name>
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        <name>Bank of Montreal</name>
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        <name>TotalEnergies Capital International S.A.</name>
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        <name>AT&amp;T Inc</name>
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        <name>Santander UK Group Holdings PLC</name>
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        <name>Unilever Capital Corporation</name>
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        <name>NVIDIA Corp.</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>AstraZeneca PLC</name>
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        <name>Intel Corporation</name>
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        <title>INTC 4.15 08/05/32</title>
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        <name>Truist Financial Corp.</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>AstraZeneca PLC</name>
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        <name>Comcast Corporation</name>
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        <name>Bank of Montreal</name>
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        <name>Bunge Ltd Finance Corp.</name>
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        <name>Mattel, Inc.</name>
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        <name>JBS USA HOLDING LUX SARL</name>
        <lei>RB8RC03FUD8DSX57C193</lei>
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        <name>TotalEnergies Capital International S.A.</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>TTEFP 3.127 05/29/50</title>
        <cusip>89153VAV1</cusip>
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        <name>Equinor ASA</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Apple Inc.</name>
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        <name>Pilgrims Pride Corporation</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>Aon North America Inc.</name>
        <lei>N/A</lei>
        <title>AON 5.75 03/01/54</title>
        <cusip>03740MAF7</cusip>
        <identifiers>
          <isin value="US03740MAF77"/>
        </identifiers>
        <balance>586000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>582302.34000000</valUSD>
        <pctVal>0.065355241723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</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>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 2.875 02/15/31</title>
        <cusip>87264ABT1</cusip>
        <identifiers>
          <isin value="US87264ABT16"/>
        </identifiers>
        <balance>176000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165642.05000000</valUSD>
        <pctVal>0.018590988690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>2.87500000</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>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXC 5.15 03/15/29</title>
        <cusip>30161NBM2</cusip>
        <identifiers>
          <isin value="US30161NBM20"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414337.60000000</valUSD>
        <pctVal>0.046503563772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</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>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 5.9 04/18/64</title>
        <cusip>25278XBB4</cusip>
        <identifiers>
          <isin value="US25278XBB47"/>
        </identifiers>
        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285738.31000000</valUSD>
        <pctVal>0.032070103512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</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>System Energy Resources, Inc.</name>
        <lei>N/A</lei>
        <title>ETR 5.3 12/15/34</title>
        <cusip>871911AV5</cusip>
        <identifiers>
          <isin value="US871911AV54"/>
        </identifiers>
        <balance>602000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>614101.40000000</valUSD>
        <pctVal>0.068924238634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>ATO 4.15 01/15/43</title>
        <cusip>049560AL9</cusip>
        <identifiers>
          <isin value="US049560AL95"/>
        </identifiers>
        <balance>1582000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1390596.19000000</valUSD>
        <pctVal>0.156074849599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TD 4.456 06/08/32</title>
        <cusip>89115A2E1</cusip>
        <identifiers>
          <isin value="US89115A2E11"/>
        </identifiers>
        <balance>63000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63553.36000000</valUSD>
        <pctVal>0.007132970142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45600000</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>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ARE 2 05/18/32</title>
        <cusip>015271AW9</cusip>
        <identifiers>
          <isin value="US015271AW93"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>215122.50000000</valUSD>
        <pctVal>0.024144472762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-18</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>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 4.663 06/15/51</title>
        <cusip>031162CF5</cusip>
        <identifiers>
          <isin value="US031162CF59"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34901.44000000</valUSD>
        <pctVal>0.003917195400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.66300000</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>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 5.625 02/10/43</title>
        <cusip>458140CH1</cusip>
        <identifiers>
          <isin value="US458140CH18"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97853.00000000</valUSD>
        <pctVal>0.010982621962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Walt Disney Company</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>DIS 6.2 12/15/34</title>
        <cusip>254687DZ6</cusip>
        <identifiers>
          <isin value="US254687DZ66"/>
        </identifiers>
        <balance>268000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303585.98000000</valUSD>
        <pctVal>0.034073253263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</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>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA 4.625 01/12/28</title>
        <cusip>89236TKQ7</cusip>
        <identifiers>
          <isin value="US89236TKQ75"/>
        </identifiers>
        <balance>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136374.15000000</valUSD>
        <pctVal>0.015306078862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
