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      <invstOrSec>
        <name>Tampa Electric Co.</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>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>NiSource, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-24</maturityDt>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nomura Holdings, Inc.</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>BG Energy Capital plc</name>
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        <name>BPCE SA</name>
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        <name>UBS Group AG</name>
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        <name>Schlumberger Investment SA</name>
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        <name>Royal Bank of Canada</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
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        <name>Credit Suisse AG</name>
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        <name>Principal Life Global Funding II</name>
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        <name>Citizens Bank NA</name>
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        <name>BNP Paribas SA</name>
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        <name>Societe Generale SA</name>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-02-01</maturityDt>
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          <annualizedRt>2.15000000</annualizedRt>
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      <invstOrSec>
        <name>NatWest Markets plc</name>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cargill, Inc.</name>
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        <title>Cargill, Inc.</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>
        <debtSec>
          <maturityDt>2023-07-23</maturityDt>
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          <annualizedRt>1.37500000</annualizedRt>
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      <invstOrSec>
        <name>Phillips 66</name>
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        <curCd>USD</curCd>
        <valUSD>24751816.74000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.90000000</annualizedRt>
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      <invstOrSec>
        <name>GoldentTree Loan Management US CLO 1 Ltd.</name>
        <lei>N/A</lei>
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        <cusip>38136FAU7</cusip>
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        <valUSD>3983864.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-20</maturityDt>
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          <annualizedRt>1.16838000</annualizedRt>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-31</maturityDt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Banking Corp.</name>
        <lei>5U0XI89JRFVHWIBS4F54</lei>
        <title>Sumitomo Mitsui Banking Corp.</title>
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        <balance>2203000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2302699.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-18</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>Shinhan Bank</name>
        <lei>5493003P813VL21KG928</lei>
        <title>Shinhan Bank</title>
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        <balance>29452000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29450856.08000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.47000000</annualizedRt>
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        <securityLending>
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        <name>Siemens Financieringsmaatschappij NV</name>
        <lei>TAFO772JB70PDRN5VS48</lei>
        <title>Siemens Financieringsmaatschappij NV</title>
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        <balance>1805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1825681.64000000</valUSD>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-15</maturityDt>
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          <annualizedRt>1.70000000</annualizedRt>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <balance>34950000.00000000</balance>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-19</maturityDt>
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          <annualizedRt>2.35000000</annualizedRt>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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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>2021-01-25</maturityDt>
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        <name>Credit Suisse Group Funding Guernsey Ltd.</name>
        <lei>549300PXR5FKNXF0OH19</lei>
        <title>Credit Suisse Group Funding Guernsey Ltd.</title>
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        <invCountry>GG</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-16</maturityDt>
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        <name>Total Capital Canada Ltd.</name>
        <lei>5299005IX98ZZ9LSGK46</lei>
        <title>Total Capital Canada Ltd.</title>
        <cusip>89153PNU2</cusip>
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        <balance>3600000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-28</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.81599900</annualizedRt>
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      <invstOrSec>
        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
        <cusip>125523AB6</cusip>
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        <balance>1510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1510381.67000000</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>2021-09-17</maturityDt>
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          <annualizedRt>0.89613000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clear Creek CLO</name>
        <lei>N/A</lei>
        <title>Clear Creek CLO, Series 2015-1A, Class X</title>
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          <isin value="US18452LAE83"/>
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        <balance>68750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68664.06000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.21838000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Protective Life Global Funding</name>
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        <name>Rogers Communications, Inc.</name>
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        <name>HSBC Holdings plc</name>
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        <name>American Express Co.</name>
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        <name>Stratus CLO Ltd.</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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      <invstOrSec>
        <name>ING Bank NV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-22</maturityDt>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</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>2021-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <balance>11109000.00000000</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>2025-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nomura Holdings, Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-16</maturityDt>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
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          <isin value="US46849LSS15"/>
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        <balance>46148000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49691350.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-30</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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          <isin value="US89114QCH92"/>
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        <balance>24000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24507360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>89114QCG1</cusip>
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          <isin value="US89114QCG10"/>
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        <balance>33955000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Entergy Louisiana LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>Entergy Louisiana LLC</title>
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        <balance>34117000.00000000</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>
        <debtSec>
          <maturityDt>2023-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62000000</annualizedRt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Banking Corp.</name>
        <lei>549300MS3WYYVQ4HXM15</lei>
        <title>Sumitomo Mitsui Banking Corp.</title>
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        <balance>47564000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-22</maturityDt>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-11-15</maturityDt>
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        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Air Liquide Finance SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-25</maturityDt>
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        <name>CK Hutchison International 16 Ltd.</name>
        <lei>254900OULDVPV9SGEO05</lei>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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        <invCountry>US</invCountry>
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        <name>Nordea Bank Abp</name>
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        <title>Nordea Bank Abp</title>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Penske Truck Leasing Co. LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-29</maturityDt>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Citibank NA</name>
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        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Agricole Corporate and Investment Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Eli Lilly and Co.</name>
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        <name>Credit Suisse AG</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>American Express Co.</name>
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        <name>BPCE SA</name>
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        <name>Raytheon Technologies Corp.</name>
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        <name>Enel Finance America LLC</name>
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        <name>Oracle Corp.</name>
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        <name>KKR CLO 17 Ltd.</name>
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        <name>Principal Life Global Funding II</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Daimler Finance North America LLC</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>3M Co.</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>Westpac Banking Corp.</name>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>AIG Global Funding</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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          <isin value="US89114QCC06"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.51612800</annualizedRt>
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      <invstOrSec>
        <name>Apple, Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc.</title>
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          <isin value="US037833CC25"/>
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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>2021-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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      <invstOrSec>
        <name>Guardian Life Global Funding</name>
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          <isin value="US40139LAE39"/>
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        <balance>500000.00000000</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>2023-04-25</maturityDt>
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          <annualizedRt>3.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schlumberger Finance Canada Ltd.</name>
        <lei>549300P4EXZFF0LRNF59</lei>
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          <isin value="US80685XAC56"/>
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        <balance>9884000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10088001.91000000</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>2025-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</annualizedRt>
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      <invstOrSec>
        <name>Schlumberger Holdings Corp.</name>
        <lei>529900IKZG65COT1D505</lei>
        <title>Schlumberger Holdings Corp.</title>
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          <other otherDesc="Inhouse Sedol" value="2D9385C"/>
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        <balance>42000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-16</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
        <cusip>02209SAL7</cusip>
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          <isin value="US02209SAL79"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
        <cusip>64952WDK6</cusip>
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          <isin value="US64952WDK62"/>
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        <balance>19500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19550765.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.48863200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U2B8</cusip>
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          <isin value="US95000U2B83"/>
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        <balance>32300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33462380.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
        <cusip>03523TBX5</cusip>
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          <isin value="US03523TBX54"/>
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        <balance>9151000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10393415.07000000</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>2025-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
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        <title>Hyundai Auto Receivables Trust, Series 2020-C, Class A2</title>
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        <balance>60582000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.26000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>90351DAE7</cusip>
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          <isin value="US90351DAE76"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1408716.76000000</valUSD>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-14</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40300000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <balance>11152000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
        <cusip>04685A2Q3</cusip>
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          <isin value="US04685A2Q37"/>
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        <balance>51300000.00000000</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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          <annualizedRt>1.20000000</annualizedRt>
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        <name>MassMutual Global Funding II</name>
        <lei>549300K1IE3K7YU6VG29</lei>
        <title>MassMutual Global Funding II</title>
        <cusip>57629WBY5</cusip>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Suncor Energy, Inc.</name>
        <lei>549300W70ZOQDVLCHY06</lei>
        <title>Suncor Energy, Inc.</title>
        <cusip>86723ANN8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-22</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kimberly-Clark Corp.</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
        <title>Kimberly-Clark Corp.</title>
        <cusip>494368BF9</cusip>
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        <balance>247000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249195.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>Banco Santander SA</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-30</maturityDt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-30</maturityDt>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Magnetite VII Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mondelez International Holdings Netherlands BV</name>
        <lei>549300CW356R8I7N8D33</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Chevron Phillips Chemical Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>Pinnacle West Capital Corp.</name>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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        <name>Symphony CLO XX Ltd.</name>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <name>Church &amp; Dwight Co., Inc.</name>
        <lei>POOXSI30AWAQGYJZC921</lei>
        <title>Church &amp; Dwight Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122CV8</cusip>
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        <balance>1530000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Verizon Communications, Inc.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Landesbank Baden-Wuerttemberg</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Leidos, Inc.</name>
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        <title>Leidos, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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        <name>Scentre Group Trust 1</name>
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        <balance>7774000.00000000</balance>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-28</maturityDt>
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          <annualizedRt>2.37500000</annualizedRt>
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        <name>Truist Bank</name>
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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <name>Suncorp-Metway Ltd.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>DBS Group Holdings Ltd.</name>
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        <title>DBS Group Holdings Ltd.</title>
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        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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        <invCountry>US</invCountry>
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        <name>KeyBank NA</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KeyBank NA</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.40000000</annualizedRt>
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        <name>General Dynamics Corp.</name>
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        <name>BMW US Capital LLC</name>
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        <name>BOC Aviation Ltd.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Daimler Finance North America LLC</name>
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        <name>Regions Financial Corp.</name>
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        <name>American Express Credit Corp.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Ameriprise Financial, Inc.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>KNDL Mortgage Trust</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Capital One NA</name>
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        <name>Societe Generale SA</name>
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        <name>ING Groep NV</name>
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        <name>Santander UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nestle Holdings, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>ViacomCBS, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Honeywell International, Inc.</name>
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        <name>Duke Energy Progress LLC</name>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
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        <name>Ford Credit Auto Owner Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust, Series 2018-H3, Class A2</title>
        <cusip>61767YAV2</cusip>
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          <isin value="US61767YAV20"/>
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        <curCd>USD</curCd>
        <valUSD>6671015.63000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.99700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
        <cusip>14913Q2Z1</cusip>
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          <isin value="US14913Q2Z10"/>
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        <balance>40629000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40657549.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.54799900</annualizedRt>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>54930003J8R1CBTM3M23</lei>
        <title>BlueMountain CLO Ltd., Series 2013-1A, Class A1R2</title>
        <cusip>09626UAU2</cusip>
        <identifiers>
          <isin value="US09626UAU25"/>
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        <balance>2950983.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2947164.70000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.44838100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV</title>
        <cusip>456837AK9</cusip>
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          <isin value="US456837AK90"/>
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        <balance>3730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4103074.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
        <cusip>64952WDP5</cusip>
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          <isin value="US64952WDP59"/>
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        <balance>15873000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16145712.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214CW1</cusip>
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          <isin value="US961214CW13"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432026.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.22063000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
        <cusip>78355HKM0</cusip>
        <identifiers>
          <isin value="US78355HKM06"/>
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        <balance>6291000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6501027.80000000</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>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
        <cusip>46849LSN2</cusip>
        <identifiers>
          <isin value="US46849LSN28"/>
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        <balance>3319000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3320481.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eni Finance USA, Inc.</name>
        <lei>5493004C2UY8KKD61453</lei>
        <title>Eni Finance USA, Inc.</title>
        <cusip>26876AXJ7</cusip>
        <identifiers>
          <isin value="US26876AXJ77"/>
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        <balance>23300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23192671.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GCM9</cusip>
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          <isin value="US59217GCM96"/>
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        <balance>18947000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18952721.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.45974900</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
        <cusip>63307A2J3</cusip>
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          <isin value="US63307A2J35"/>
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        <balance>43700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45189895.56000000</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>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>05531FBG7</cusip>
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          <isin value="US05531FBG72"/>
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        <balance>17689000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18390171.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
        <cusip>78355HKB4</cusip>
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          <isin value="US78355HKB41"/>
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        <balance>12913000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13245958.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc.</title>
        <cusip>609207AV7</cusip>
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          <isin value="US609207AV77"/>
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        <balance>7039000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7072927.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62500000</annualizedRt>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
        <cusip>928668BG6</cusip>
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          <isin value="US928668BG63"/>
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        <balance>7436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7446324.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-23</maturityDt>
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          <annualizedRt>0.75000000</annualizedRt>
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      <invstOrSec>
        <name>Volvo Financial Equipment LLC</name>
        <lei>N/A</lei>
        <title>Volvo Financial Equipment LLC, Series 2019-1A, Class A2</title>
        <cusip>92888DAB1</cusip>
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          <isin value="US92888DAB10"/>
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        <balance>359744.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360117.90000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61761JVL0</cusip>
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          <isin value="US61761JVL06"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7225147.61000000</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>2024-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Capital One NA</name>
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      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
        <lei>5493002QQ7GD21OWF963</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-13</maturityDt>
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      <invstOrSec>
        <name>Barclays plc</name>
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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>2021-08-10</maturityDt>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>549300WSX4P5CXVKVR97</lei>
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        <cusip>09626RAW5</cusip>
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      <invstOrSec>
        <name>PACCAR Financial Corp.</name>
        <lei>PH3S12DWZBHHQKVYZ297</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-08</maturityDt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>254900XV0U0WEM36A370</lei>
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        <cusip>67091YAJ3</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>1.03687900</annualizedRt>
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      <invstOrSec>
        <name>Moody's Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moody's Corp.</title>
        <cusip>615369AB1</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>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-08</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</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>2022-05-16</maturityDt>
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          <annualizedRt>2.60000000</annualizedRt>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-17</maturityDt>
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        <name>Natwest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>Natwest Group plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-22</maturityDt>
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        <name>Apidos CLO XXI</name>
        <lei>549300336HZNKBNFER56</lei>
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        <invCountry>KY</invCountry>
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        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <cusip>06675FAU1</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-21</maturityDt>
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        <name>Heineken NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>Heineken NV</title>
        <cusip>423012AD5</cusip>
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          <isin value="US423012AD54"/>
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        <balance>6250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6555145.81000000</valUSD>
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        <invCountry>NL</invCountry>
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          <maturityDt>2023-04-01</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-13</maturityDt>
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        <name>Oak Hill Credit Partners Ltd.</name>
        <lei>N/A</lei>
        <title>Oak Hill Credit Partners Ltd., Series 2014-10RA, Class X</title>
        <cusip>67707CAA6</cusip>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>APT Pipelines Ltd.</name>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
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        <name>Dell Equipment Finance Trust</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Protective Life Global Funding</name>
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        <name>Neuberger Berman CLO XIX Ltd.</name>
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        <name>N/A</name>
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        <title>U.S. Treasury 5 Year Note</title>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
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        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MUFG Union Bank NA</name>
        <lei>OX3PU53ZLPQKJ4700D47</lei>
        <title>MUFG Union Bank NA</title>
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        <invCountry>US</invCountry>
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        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2018-C11, Class A2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Treman Park CLO Ltd.</name>
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      <invstOrSec>
        <name>Chiba Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Suncor Energy, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
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        <name>New York Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-06</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-06</maturityDt>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
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          <isin value="US64952WCE12"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-13</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>Fifth Third Bancorp</name>
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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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        <name>Commonwealth Bank of Australia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Charles Schwab Corp. (The)</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Chiba Bank Ltd.</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
        <title>Chiba Bank Ltd.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-05</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Mondelez International Holdings Netherlands BV</name>
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        <name>AbbVie, Inc.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>HSBC USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>OCP CLO Ltd.</name>
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        <name>American International Group, Inc.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <name>Shackleton CLO Ltd.</name>
        <lei>549300VJPG28RMYCYW83</lei>
        <title>Shackleton CLO Ltd., Series 2015-8A, Class A2R</title>
        <cusip>81882EAN2</cusip>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Fifth Third Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sanofi</name>
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        <name>General Mills, Inc.</name>
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        <name>US Bank NA</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Swiss Re Treasury US Corp.</name>
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        <name>Nationwide Building Society</name>
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        <name>Morgan Stanley</name>
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        <name>PACCAR Financial Corp.</name>
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        <name>Cargill, Inc.</name>
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        <name>Rogers Communications, Inc.</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>Rogers Communications, Inc.</title>
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        <invCountry>CA</invCountry>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>DBGS Mortgage Trust</name>
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        <name>BNP Paribas SA</name>
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        <name>Standard Chartered plc</name>
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        <name>BNP Paribas SA</name>
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        <name>Bank of America Corp.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Apple, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Sempra Energy</name>
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        <name>Duke Energy Corp.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>National Grid plc</name>
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        <name>US Bank NA</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>Nucor Corp.</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Barings CLO Ltd.</name>
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        <name>Natwest Group plc</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>BMW US Capital LLC</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Estee Lauder Cos., Inc. (The)</name>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp.</title>
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        <name>National Australia Bank Ltd.</name>
        <lei>549300E2IPL06NDXMZ63</lei>
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        <invCountry>AU</invCountry>
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        <name>Benefit Street Partners CLO II Ltd.</name>
        <lei>549300PVYNJC7QL0GC48</lei>
        <title>Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class X</title>
        <cusip>08179XAN5</cusip>
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        <name>UBS Group AG</name>
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        <name>General Mills, Inc.</name>
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        <name>Athene Global Funding</name>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <name>Bank of Montreal</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Schlumberger Holdings Corp.</name>
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        <name>Eaton Corp.</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MassMutual Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-28</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
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        <title>Metropolitan Life Global Funding I</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-13</maturityDt>
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      <invstOrSec>
        <name>Avery Point VI CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-05</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GBX6</cusip>
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          <isin value="US59217GBX60"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-15</maturityDt>
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        <name>Santander UK plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lloyds Banking Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-21</maturityDt>
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        <name>Dryden 36 Senior Loan Fund</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-19</maturityDt>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Zimmer Biomet Holdings, Inc.</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>Zimmer Biomet Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-19</maturityDt>
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        <name>Appalachian Power Co.</name>
        <lei>3SCHO1ABYYIG382BEI70</lei>
        <title>Appalachian Power Co.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-16</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-27</maturityDt>
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        <name>Mizuho Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-11</maturityDt>
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        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-13</maturityDt>
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        <name>Banco Santander SA</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <name>Morgan Stanley</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-21</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-02-02</maturityDt>
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          <annualizedRt>2.70000000</annualizedRt>
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        <name>Verizon Communications, Inc.</name>
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        <name>PNC Bank NA</name>
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          <maturityDt>2022-07-22</maturityDt>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Royal Bank of Canada</name>
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        <name>Aviation Capital Group LLC</name>
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        <name>Commonwealth Bank of Australia</name>
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        <name>Neuberger Berman CLO XVI-S Ltd.</name>
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        <name>Verizon Owner Trust</name>
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        <name>Intel Corp.</name>
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        <name>Reckitt Benckiser Treasury Services plc</name>
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        <name>Eni Finance USA, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <name>PNC Bank NA</name>
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        <name>Exelon Corp.</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>First Abu Dhabi Bank USA NV</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>UBS Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust, Series 2016-1, Class A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO XIV Ltd.</name>
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        <cusip>64129JBE9</cusip>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of Nova Scotia (The)</name>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-08</maturityDt>
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      <invstOrSec>
        <name>BPCE SA</name>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34922465.20000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-01</maturityDt>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
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        <balance>90000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89853000.30000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Palmer Square Loan Funding Ltd., Series 2020-1A, Class A1</title>
        <cusip>69701EAA4</cusip>
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          <isin value="US69701EAA47"/>
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        <balance>18100986.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17953789.34000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-20</maturityDt>
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          <annualizedRt>1.02375000</annualizedRt>
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      <invstOrSec>
        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
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        <balance>13543000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.94100000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Lloyds Bank Corporate Markets plc</name>
        <lei>213800MBWEIJDM5CU638</lei>
        <title>Lloyds Bank Corporate Markets plc</title>
        <cusip>53947BDA5</cusip>
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          <isin value="US53947BDA52"/>
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        <balance>27890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27882401.37000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.38000200</annualizedRt>
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      <invstOrSec>
        <name>Chubb INA Holdings, Inc.</name>
        <lei>CZCBJZWDMLTHWJDXU843</lei>
        <title>Chubb INA Holdings, Inc.</title>
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          <isin value="US00440EAS63"/>
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        <balance>9215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10178538.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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        <name>US Bank NA</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
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        <cusip>90331HPB3</cusip>
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        <balance>21496000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21501782.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.53012900</annualizedRt>
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      <invstOrSec>
        <name>AIG Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>AIG Global Funding</title>
        <cusip>00138CAK4</cusip>
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          <isin value="US00138CAK45"/>
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        <balance>2125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2187970.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214DQ3</cusip>
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        <balance>8763000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9062317.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IBM Credit LLC</name>
        <lei>549300ZNLJL43AQTG067</lei>
        <title>IBM Credit LLC</title>
        <cusip>44932HAE3</cusip>
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        <balance>2440000.00000000</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>2021-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.47837900</annualizedRt>
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      <invstOrSec>
        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
        <cusip>65557CBE2</cusip>
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        <balance>15826000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16040513.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>89114QBD9</cusip>
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        <balance>2401000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2401807.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.17913000</annualizedRt>
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        <name>Santander UK Group Holdings plc</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>Santander UK Group Holdings plc</title>
        <cusip>80281LAD7</cusip>
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          <isin value="US80281LAD73"/>
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        <balance>54211000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54357329.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040HBM6</cusip>
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          <isin value="US14040HBM60"/>
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        <balance>8214000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8279101.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.19175100</annualizedRt>
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      <invstOrSec>
        <name>Florida Power &amp; Light Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PPL Capital Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telstra Corp. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
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          <isin value="US05401AAE10"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Campbell Soup Co.</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <balance>11657000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EOG Resources, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-02-01</maturityDt>
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      <invstOrSec>
        <name>Viatris, Inc.</name>
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        <title>Viatris, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-22</maturityDt>
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      <invstOrSec>
        <name>Citibank NA</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>2021-07-23</maturityDt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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          <isin value="US09659W2A13"/>
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        <balance>8058000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-23</maturityDt>
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      <invstOrSec>
        <name>Cole Park CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-13</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AIMCO CLO</name>
        <lei>N/A</lei>
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        <cusip>00900LAG9</cusip>
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          <isin value="US00900LAG95"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>1.08688000</annualizedRt>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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        <balance>3189000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-22</maturityDt>
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          <annualizedRt>3.40000000</annualizedRt>
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        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Automobile Leasing Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-21</maturityDt>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-02-15</maturityDt>
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        <name>Enel Finance America LLC</name>
        <lei>549300EGNLVUJX1DEC60</lei>
        <title>Enel Finance America LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Waste Management, Inc.</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>Waste Management, Inc.</title>
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          <maturityDt>2025-11-15</maturityDt>
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        <name>MassMutual Global Funding II</name>
        <lei>549300K1IE3K7YU6VG29</lei>
        <title>MassMutual Global Funding II</title>
        <cusip>57629WCU2</cusip>
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        <balance>39446000.00000000</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>2023-06-09</maturityDt>
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        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
        <cusip>2027A0JR1</cusip>
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        <balance>13980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14527558.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CenterPoint Energy, Inc.</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CenterPoint Energy, Inc.</title>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Huntington National Bank (The)</name>
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        <name>BBVA USA</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>ERAC USA Finance LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
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        <name>Octagon Investment Partners 25 Ltd.</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>KEB Hana Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jackson National Life Global Funding</name>
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        <name>Citigroup, Inc.</name>
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        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pricoa Global Funding I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <name>Bank of Montreal</name>
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        <name>Phillips 66</name>
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        <name>Eversource Energy</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>BPCE SA</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>MUFG Americas Holdings Corp.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>Caterpillar, Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar, Inc.</title>
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        <name>Credit Suisse AG</name>
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        <name>Protective Life Global Funding</name>
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        <name>AIG Global Funding</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>Trane Technologies Global Holding Co. Ltd.</name>
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        <name>Lloyds Bank Corporate Markets plc</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Archer-Daniels-Midland Co.</name>
        <lei>549300LO13MQ9HYSTR83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <name>Principal Life Global Funding II</name>
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        <name>KeyCorp</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Aviation Capital Group LLC</name>
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        <name>LCM XVII LP</name>
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        <name>Telstra Corp. Ltd.</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>Dorchester Park CLO DAC</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>Nederlandse Waterschapsbank NV</name>
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        <name>BNP Paribas SA</name>
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        <name>IBM Credit LLC</name>
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        <name>Wisconsin Electric Power Co.</name>
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        <name>Standard Chartered plc</name>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>Newark BSL CLO 1 Ltd.</name>
        <lei>549300R0C043JWD1XY94</lei>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Bank Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-21</maturityDt>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
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        <balance>9928000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10298810.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-26</maturityDt>
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          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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          <isin value="US949746SB87"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261599.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.23975000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kookmin Bank</name>
        <lei>549300XXMOJSIW8P4769</lei>
        <title>Kookmin Bank</title>
        <cusip>48668MM83</cusip>
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        <balance>17452000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17451996.68000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-29</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
        <cusip>14913Q2P3</cusip>
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        <balance>5838000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5849031.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.52800100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chevron USA, Inc.</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
        <title>Chevron USA, Inc.</title>
        <cusip>166756AF3</cusip>
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        <balance>16407000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16422509.70000000</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>2022-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.33300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CBAM Ltd.</name>
        <lei>254900EGQJ2K45U5LM27</lei>
        <title>CBAM Ltd., Series 2017-3A, Class A</title>
        <cusip>12481HAC9</cusip>
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        <balance>6100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6094223.30000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.44775100</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
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        <title>National Australia Bank Ltd.</title>
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        <balance>1048000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050923.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <name>FHLMC</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets plc</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-29</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-21</maturityDt>
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        <name>Thermo Fisher Scientific, Inc.</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific, Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.13300000</annualizedRt>
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        <name>Berkshire Hathaway, Inc.</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>Berkshire Hathaway, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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        <name>Unilever Capital Corp.</name>
        <lei>MYF1DAS6G5WY7PRWCU78</lei>
        <title>Unilever Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PNC Bank NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
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        <invCountry>US</invCountry>
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        <name>MUFG Bank Ltd.</name>
        <lei>C3GTMMZIHMY46P4OIX74</lei>
        <title>MUFG Bank Ltd.</title>
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        <balance>3600000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.32000000</annualizedRt>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Citigroup, Inc.</name>
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        <name>LCM XX LP</name>
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        <name>Verizon Owner Trust</name>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Chartered plc</name>
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        <title>Standard Chartered plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
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        <balance>1900000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-27</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-21</maturityDt>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <balance>3728000.00000000</balance>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.69600000</annualizedRt>
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        <name>Tesla Auto Lease Trust</name>
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        <balance>5184000.00000000</balance>
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        <valUSD>5211785.20000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-12-20</maturityDt>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
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        <name>Credit Agricole Corporate and Investment Bank</name>
        <lei>254900BN8XS34XZDJ223</lei>
        <title>Credit Agricole Corporate and Investment Bank</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-09</maturityDt>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <balance>2392000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.45800200</annualizedRt>
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      <invstOrSec>
        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>5493000X4YEVJOIVRG48</lei>
        <title>Voya CLO Ltd., Series 2014-3A, Class A1R</title>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-25</maturityDt>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-12</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Huntington Bancshares, Inc.</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-06</maturityDt>
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      <invstOrSec>
        <name>Credit Suisse Group Funding Guernsey Ltd.</name>
        <lei>549300PXR5FKNXF0OH19</lei>
        <title>Credit Suisse Group Funding Guernsey Ltd.</title>
        <cusip>225433AK7</cusip>
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        <balance>51883000.00000000</balance>
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        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-10</maturityDt>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
        <cusip>63743HEQ1</cusip>
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        <balance>2070000.00000000</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>2022-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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        <name>Waste Management, Inc.</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>Waste Management, Inc.</title>
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        <balance>42068000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41948302.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>37790AQK2</cusip>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34941927.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>National Australia Bank Ltd.</title>
        <cusip>63254AAX6</cusip>
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        <balance>1735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1738938.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
        <cusip>025816BV0</cusip>
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          <isin value="US025816BV03"/>
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        <balance>7803000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7816639.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.74700000</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141GGS7</cusip>
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        <balance>21568000.00000000</balance>
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        <valUSD>22891989.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA</title>
        <cusip>17401QAL5</cusip>
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          <isin value="US17401QAL59"/>
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        <balance>5954000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6137895.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <name>Santander UK plc</name>
        <lei>PTCQB104N23FMNK2RZ28</lei>
        <title>Santander UK plc</title>
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        <balance>6638000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6738194.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <name>Guardian Life Global Funding</name>
        <lei>635400NHILJ5JEKILC36</lei>
        <title>Guardian Life Global Funding</title>
        <cusip>40139LAD5</cusip>
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        <balance>5994000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6180876.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp. (The)</title>
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        <balance>798000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>803153.86000000</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>2021-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Mizuho Bank Ltd.</name>
        <lei>RB0PEZSDGCO3JS6CEU02</lei>
        <title>Mizuho Bank Ltd.</title>
        <cusip>60688XAU4</cusip>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-26</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>Svensk Exportkredit AB</name>
        <lei>1FOLRR5RWTWWI397R131</lei>
        <title>Svensk Exportkredit AB</title>
        <cusip>87031CAA1</cusip>
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        <balance>28420000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.07001000</annualizedRt>
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        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>Daimler Finance North America LLC</title>
        <cusip>233851DV3</cusip>
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        <balance>35447000.00000000</balance>
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        <name>CK Hutchison International 17 Ltd.</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Hyundai Capital America</name>
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        <name>Pfizer, Inc.</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-19</maturityDt>
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        <name>IBM Credit LLC</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>American International Group, Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Reynolds American, Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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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>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>John Deere Capital Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-15</maturityDt>
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        <name>Newmont Corp.</name>
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        <title>Newmont Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-09</maturityDt>
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        <name>UnitedHealth Group, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-11-15</maturityDt>
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        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BXMT Ltd.</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>Royal Bank of Canada</name>
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        <name>Boeing Co. (The)</name>
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        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <name>Shizuoka Bank Ltd.</name>
        <lei>549300TJ1GRR4PX8GJ82</lei>
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        <invCountry>JP</invCountry>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-23</maturityDt>
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      <invstOrSec>
        <name>Met Tower Global Funding</name>
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        <name>Macquarie Bank Ltd.</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>ING Groep NV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PepsiCo, Inc.</name>
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          <annualizedRt>3.10000000</annualizedRt>
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        <name>Societe Generale SA</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Hyundai Capital America</name>
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        <name>Eni Finance USA, Inc.</name>
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        <name>AbbVie, Inc.</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>OCP CLO Ltd.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <name>Cargill, Inc.</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust</name>
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        <name>Enel Finance America LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>John Deere Capital Corp.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>ERAC USA Finance LLC</name>
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        <name>Verizon Owner Trust</name>
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        <name>PNC Bank NA</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Fifth Third Bancorp</name>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
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        <name>UBS Group AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TWDC Enterprises 18 Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Principal Life Global Funding II</name>
        <lei>635400WSLKBQWSOIIT41</lei>
        <title>Principal Life Global Funding II</title>
        <cusip>74256LED7</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>2023-05-11</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-19</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Newark BSL CLO 2 Ltd.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-25</maturityDt>
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        <name>Verizon Communications, Inc.</name>
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        <title>Verizon Communications, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-15</maturityDt>
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        <name>BAT International Finance plc</name>
        <lei>21380041YBGOQDFAC823</lei>
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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>2020-12-01</maturityDt>
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        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Reliance Standard Life Global Funding II</name>
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        <title>Reliance Standard Life Global Funding II</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-20</maturityDt>
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        <name>US Bancorp</name>
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        <name>Societe Generale</name>
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        <invCountry>FR</invCountry>
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        <name>Morgan Stanley</name>
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        <name>Anthem, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Anthem, Inc.</title>
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        <name>Marathon Petroleum Corp.</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>Marathon Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320055.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>Westlake Automobile Receivables Trust, Series 2019-1A, Class A2A</title>
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        <name>GoldentTree Loan Management US CLO 7 Ltd.</name>
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        <name>AIG Global Funding</name>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-06</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA</title>
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          <isin value="US21688AAK88"/>
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        <balance>3700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3730170.54000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-10</maturityDt>
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      <invstOrSec>
        <name>GlaxoSmithKline Capital plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-26</maturityDt>
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          <annualizedRt>1.95000000</annualizedRt>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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        <balance>83557000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85093100.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Shizuoka Bank Ltd.</name>
        <lei>549300TJ1GRR4PX8GJ82</lei>
        <title>Shizuoka Bank Ltd.</title>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50007664.50000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.39000000</annualizedRt>
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      <invstOrSec>
        <name>BAT International Finance plc</name>
        <lei>21380041YBGOQDFAC823</lei>
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        <cusip>05531MMQ8</cusip>
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        <balance>13750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13748276.71000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Citibank NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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        <balance>1050000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.56363000</annualizedRt>
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      <invstOrSec>
        <name>TWDC Enterprises 18 Corp.</name>
        <lei>7260JQNI6SCF9FIV2392</lei>
        <title>TWDC Enterprises 18 Corp.</title>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500957.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Huntington National Bank (The)</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
        <title>Huntington National Bank (The)</title>
        <cusip>44644AAB3</cusip>
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        <balance>16029000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16583603.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>KeyBank NA</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KeyBank NA</title>
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        <balance>500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-25</maturityDt>
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        <name>First Republic Bank</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank</title>
        <cusip>33616CHQ6</cusip>
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        <invCountry>US</invCountry>
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        <name>Magnetite XVIII Ltd.</name>
        <lei>549300BDVLRWS2SODX97</lei>
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        <valUSD>6592852.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni Finance USA, Inc.</name>
        <lei>5493004C2UY8KKD61453</lei>
        <title>Eni Finance USA, Inc.</title>
        <cusip>26876AXV0</cusip>
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        <balance>19500000.00000000</balance>
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        <valUSD>19405663.88000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-29</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>BXMT Ltd.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>Honeywell International, Inc.</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>BOC Aviation Ltd.</name>
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        <name>Huntington National Bank (The)</name>
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        <name>Chevron USA, Inc.</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Credit Agricole SA</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>Southern Co. (The)</name>
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        <name>KKR CLO 13 Ltd.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <name>Lloyds Banking Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank UA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-19</maturityDt>
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        <name>IBM Credit LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank UA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cargill, Inc.</name>
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        <name>Total Capital International SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>Symphony CLO XIV Ltd.</name>
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        <name>CVS Health Corp.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <name>Cloud Pass-Through Trust</name>
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      <invstOrSec>
        <name>Santander UK Group Holdings plc</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
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      <invstOrSec>
        <name>AIA Group Ltd.</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-20</maturityDt>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
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          <isin value="US86960BAL62"/>
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        <curCd>USD</curCd>
        <valUSD>12619208.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp.</title>
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          <isin value="US855244AY52"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.30000000</annualizedRt>
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      <invstOrSec>
        <name>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands, Inc.</title>
        <cusip>20600GR81</cusip>
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        <curCd>USD</curCd>
        <valUSD>35168781.18000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-08</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <balance>5511000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.35000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>94974BGS3</cusip>
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        <balance>4393000.00000000</balance>
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        <valUSD>4393630.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.25799800</annualizedRt>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <balance>15690000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.38912800</annualizedRt>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-16</maturityDt>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-14</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-13</maturityDt>
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        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>94988J5U7</cusip>
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        <balance>445000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-22</maturityDt>
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        <name>Huntington National Bank (The)</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
        <title>Huntington National Bank (The)</title>
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        <balance>7344000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-14</maturityDt>
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      <invstOrSec>
        <name>Capital One NA</name>
        <lei>207ALC1P1YM0OVDV0K75</lei>
        <title>Capital One NA</title>
        <cusip>14042RBT7</cusip>
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        <balance>9212000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
        <cusip>65557CAT0</cusip>
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          <isin value="US65557CAT09"/>
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        <balance>4600000.00000000</balance>
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        <valUSD>4621549.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-27</maturityDt>
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          <annualizedRt>1.22299900</annualizedRt>
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        <name>International Business Machines Corp.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-11</maturityDt>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Entergy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-27</maturityDt>
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        <name>Barclays Bank plc</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KREF Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>ABB Finance USA, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Magnetite XXVII Ltd.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>American Express Co.</name>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Republic Services, Inc.</name>
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        <name>Reliance Standard Life Global Funding II</name>
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        <name>DH Europe Finance II SARL</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Rogers Communications, Inc.</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>New York Life Global Funding</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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      <invstOrSec>
        <name>BMW US Capital LLC</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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      <invstOrSec>
        <name>Lloyds Bank plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MUFG Union Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-09</maturityDt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd.</name>
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        <balance>35900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35709765.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.39775000</annualizedRt>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <balance>7730939.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8013400.86000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.86300000</annualizedRt>
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        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
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        <balance>40046000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40076835.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
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        <invCountry>US</invCountry>
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        <name>Shell International Finance BV</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <balance>44500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44701131.99000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.84800200</annualizedRt>
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        <name>Phillips 66</name>
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        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <valUSD>3980092.43000000</valUSD>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Bank plc</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank plc</title>
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        <balance>23728000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24148697.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
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        <balance>52250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52168850.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-20</maturityDt>
          <couponKind>None</couponKind>
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        <name>Enel Finance America LLC</name>
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        <name>Santander UK plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Walt Disney Co. (The)</name>
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        <name>US Bancorp</name>
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        <name>UBS Group AG</name>
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        <name>Octagon Investment Partners 35 Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-23</maturityDt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-28</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Shell International Finance BV</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Bank NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
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        <invCountry>US</invCountry>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>AIG Global Funding</name>
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        <name>Royal Bank of Canada</name>
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        <name>NatWest Markets plc</name>
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        <name>Wind River CLO Ltd.</name>
        <lei>635400WBNY8VGBBADK15</lei>
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        <invCountry>KY</invCountry>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>Macquarie Bank Ltd.</name>
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        <name>GlaxoSmithKline Capital plc</name>
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        <name>Glencore Funding LLC</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>National Grid plc</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <valUSD>1181788.18000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.53700000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
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          <isin value="US126650DC17"/>
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        <curCd>USD</curCd>
        <valUSD>26627270.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>BMW US Capital LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
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        <balance>979000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>981195.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.71363200</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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          <isin value="US86562MAE03"/>
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        <balance>1582000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1598867.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
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          <isin value="US2027A0JX81"/>
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        <balance>1553000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1663934.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>867914BK8</cusip>
        <identifiers>
          <isin value="US867914BK85"/>
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        <balance>8319000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8356724.75000000</valUSD>
        <pctVal>0.055133387625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US Bank NA</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
        <title>US Bank NA</title>
        <cusip>90331HPC1</cusip>
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          <isin value="US90331HPC15"/>
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        <balance>2081000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2149339.00000000</valUSD>
        <pctVal>0.014180237326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Barclays Bank plc</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank plc</title>
        <cusip>06742TUN4</cusip>
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          <isin value="US06742TUN44"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6518955.69000000</valUSD>
        <pctVal>0.043008729104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
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        <balance>16933000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17155268.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
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        <balance>10950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11296264.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Bank of Nova Scotia (The)</name>
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        <curCd>USD</curCd>
        <valUSD>1921776.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>Banque Federative du Credit Mutuel SA</title>
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        <curCd>USD</curCd>
        <valUSD>5274468.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Shell International Finance BV</name>
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        <balance>3600000.00000000</balance>
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        <invCountry>NL</invCountry>
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        <name>KeyBank NA</name>
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        <valUSD>5300350.30000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JPMorgan Securities Lending Money Market Fund</name>
        <lei>5493002FD4HXUJXMRO62</lei>
        <title>JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares</title>
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      <invstOrSec>
        <name>JPMorgan U.S. Government Money Market Fund</name>
        <lei>549300NQ5E5B7ZV4T516</lei>
        <title>JPMorgan U.S. Government Money Market Fund, Share Class IM</title>
        <cusip>4812C2270</cusip>
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          <isin value="N/A"/>
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        <valUSD>3790460.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="3790460.00000000" isCashCollateral="Y"/>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
