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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Takeda Pharmaceutical Co. Ltd.</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>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
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        <name>Mitsubishi HC Capital America, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Martin Marietta Materials, Inc.</name>
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        <name>Shackleton 2014-VI-R CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Atlas Senior Loan Fund XIII</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>Athene Global Funding</name>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Deutsche Bank AG</name>
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        <name>Sound Point CLO XX Ltd.</name>
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        <name>Nordea Bank Abp</name>
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        <name>Santander UK plc</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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      <invstOrSec>
        <name>First Abu Dhabi Bank USA NV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Chemical Corp.</name>
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        <name>UBS AG</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>Eversource Energy</name>
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        <name>Enel Finance America LLC</name>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>WFRBS Commercial Mortgage Trust</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Cigna Corporate Services LLC</name>
        <lei>N/A</lei>
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        <name>Nordea Bank Abp</name>
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        <name>Nissan Motor Acceptance Co. LLC</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Benefit Street Partners CLO II Ltd.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>Neuberger Berman Loan Advisers CLO 26 Ltd.</name>
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        <name>Enbridge US, Inc.</name>
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        <name>Lloyds Bank Corporate Markets plc</name>
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        <name>Nationwide Building Society</name>
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        <name>Harriman Park CLO Ltd.</name>
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        <name>ASB Bank Ltd.</name>
        <lei>549300IBZWZL1KTPF918</lei>
        <title>ASB Bank Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>International Flavors &amp; Fragrances, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Swiss Re Treasury US Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sound Point CLO II Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-26</maturityDt>
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        <name>Honeywell International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TCI-Symphony CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pioneer Natural Resources Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cooperatieve Rabobank UA</name>
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        <title>Cooperatieve Rabobank UA</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>Cigna Corp.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
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        <name>Westpac Securities NZ Ltd.</name>
        <lei>549300W0N3O6Q4RCKE25</lei>
        <title>Westpac Securities NZ Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Athene Global Funding</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>254900R882POXXVAK772</lei>
        <title>UBS AG</title>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-02</maturityDt>
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          <annualizedRt>0.45500000</annualizedRt>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>89114QCN6</cusip>
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        <balance>73141000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73197908.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-06</maturityDt>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <balance>48545000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Moody's Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moody's Corp.</title>
        <cusip>615369AB1</cusip>
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          <isin value="US615369AB15"/>
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        <balance>2048000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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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="US64952WCS08"/>
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        <balance>1650000.00000000</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>2022-06-10</maturityDt>
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          <annualizedRt>2.30000000</annualizedRt>
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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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        <name>EMD Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-16</maturityDt>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>National Australia Bank Ltd.</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-13</maturityDt>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Owner Trust, Series 2020-C, Class A2</title>
        <cusip>34533YAB6</cusip>
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        <balance>19774505.15000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-15</maturityDt>
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          <annualizedRt>0.25000000</annualizedRt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>2549003HLFPQ7ATPYA23</lei>
        <title>OCP CLO Ltd., Series 2019-17A, Class XR</title>
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        <name>Neuberger Berman CLO XVI-S Ltd.</name>
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        <name>National Grid plc</name>
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        <name>Royal Bank of Canada</name>
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          <maturityDt>2022-02-01</maturityDt>
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        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reckitt Benckiser Treasury Services plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA</title>
        <cusip>17401QAS0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>78015DLF5</cusip>
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          <isin value="US78015DLF59"/>
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        <balance>52500000.00000000</balance>
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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>2022-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Kia Corp.</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Corp.</title>
        <cusip>49374JAB9</cusip>
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        <curCd>USD</curCd>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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        <name>Magnetite VII Ltd.</name>
        <lei>549300B54XJTQC6DWJ15</lei>
        <title>Magnetite VII Ltd., Series 2012-7A, Class A1R2</title>
        <cusip>55951PBA4</cusip>
        <identifiers>
          <isin value="US55951PBA49"/>
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        <balance>29632570.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29671092.38000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.92374920</annualizedRt>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co. LP</title>
        <cusip>709599BC7</cusip>
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          <isin value="US709599BC73"/>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-08-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Sound Point CLO XXII Ltd.</name>
        <lei>N/A</lei>
        <title>Sound Point CLO XXII Ltd., Series 2019-1A, Class AR</title>
        <cusip>83611KAL6</cusip>
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          <maturityDt>2032-01-20</maturityDt>
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          <annualizedRt>1.21150080</annualizedRt>
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      <invstOrSec>
        <name>Avery Point VI CLO Ltd.</name>
        <lei>N/A</lei>
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        <cusip>05363LBC6</cusip>
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          <isin value="US05363LBC63"/>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>78015K7G3</cusip>
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          <maturityDt>2023-04-17</maturityDt>
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          <annualizedRt>1.60000000</annualizedRt>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
        <cusip>05578AAQ1</cusip>
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        <name>Kookmin Bank</name>
        <lei>549300XXMOJSIW8P4769</lei>
        <title>Kookmin Bank</title>
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        <invCountry>KR</invCountry>
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          <maturityDt>2021-12-20</maturityDt>
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        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
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        <balance>133000.00000000</balance>
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        <name>Barings CLO Ltd.</name>
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        <name>PNC Bank NA</name>
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        <name>Bank of America Corp.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>VMware, Inc.</name>
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        <name>Daimler Finance North America LLC</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>ING Groep NV</name>
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        <name>Morgan Stanley</name>
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        <name>Goldentree Loan Management US CLO 7 Ltd.</name>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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        <name>AIG Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>AIG Global Funding</title>
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        <name>Galaxy XXII CLO Ltd.</name>
        <lei>54930022KENWLYJ8SJ86</lei>
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        <name>Westpac Banking Corp.</name>
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        <name>American Express Co.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Credit Suisse Group Funding Guernsey Ltd.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Athene Global Funding</name>
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        <name>PNC Bank NA</name>
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        <name>Entergy Louisiana LLC</name>
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      <invstOrSec>
        <name>DZ Bank AG Deutsche Zentral-Genossenschaftsbank</name>
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        <name>Schlumberger Investment SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reynolds American, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony CLO XX Ltd.</name>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <name>AIG Global Funding</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>
        <debtSec>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
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        <name>Apple, Inc.</name>
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        <name>ABB Finance USA, Inc.</name>
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        <name>Guardian Life Global Funding</name>
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        <name>American Honda Finance Corp.</name>
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        <title>American Honda Finance Corp.</title>
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        <name>LMREC LLC</name>
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        <name>SREIT Trust</name>
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        <name>Credit Agricole SA</name>
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        <name>Shackleton CLO Ltd.</name>
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        <name>WFRBS Commercial Mortgage Trust</name>
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        <name>Cloud Pass-Through Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>Macquarie Bank Ltd.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class A2</title>
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        <curCd>USD</curCd>
        <valUSD>11448566.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JB Hunt Transport Services, Inc.</name>
        <lei>549300XCD1MPI1C5GK90</lei>
        <title>JB Hunt Transport Services, Inc.</title>
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          <isin value="US445658CE53"/>
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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>2022-08-15</maturityDt>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-23</maturityDt>
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      <invstOrSec>
        <name>First Abu Dhabi Bank PJSC</name>
        <lei>2138002Y3WMK6RZS8H90</lei>
        <title>First Abu Dhabi Bank PJSC</title>
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          <isin value="US31849MFV81"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-29</maturityDt>
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      <invstOrSec>
        <name>Buckhorn Park CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US118382AN01"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANZ New Zealand Int'l Ltd.</name>
        <lei>213800VD256NU2D97H12</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-13</maturityDt>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd.</title>
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          <isin value="US67077MAV00"/>
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        <balance>22880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23197206.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90000000</annualizedRt>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
        <lei>N/A</lei>
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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>
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          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MassMutual Global Funding II</name>
        <lei>549300K1IE3K7YU6VG29</lei>
        <title>MassMutual Global Funding II</title>
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          <isin value="US57629WCU27"/>
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        <balance>39446000.00000000</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>2023-06-09</maturityDt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
        <cusip>00774MAF2</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Corp.</name>
        <lei>0NZWDMRCE180888QQE14</lei>
        <title>Eaton Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Huntington National Bank (The)</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
        <title>Huntington National Bank (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust, Series 2021-2, Class A3</title>
        <cusip>80286XAC8</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>2025-02-18</maturityDt>
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      <invstOrSec>
        <name>Norinchukin Bank</name>
        <lei>549300KQZJBM38M51L16</lei>
        <title>Norinchukin Bank</title>
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        <balance>132661000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-01</maturityDt>
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      <invstOrSec>
        <name>Bank of New York Mellon Corp. (The)</name>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust</name>
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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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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACRE Commercial Mortgage Ltd.</name>
        <lei>N/A</lei>
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        <cusip>00489TAA4</cusip>
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          <isin value="US00489TAA43"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco del Estado de Chile</name>
        <lei>5493004R4EJC0W0XVQ72</lei>
        <title>Banco del Estado de Chile</title>
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        <assetCat>STIV</assetCat>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital Services, Inc.</name>
        <lei>549300MALMDAGL2ZJJ27</lei>
        <title>Hyundai Capital Services, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <title>Siemens Financieringsmaatschappij NV</title>
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        <invCountry>NL</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Dryden 49 Senior Loan Fund</name>
        <lei>549300VCB8LYR1RGV869</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>World Omni Select Auto Trust</name>
        <lei>N/A</lei>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <invCountry>FR</invCountry>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia &amp; New Zealand Banking Group Ltd.</title>
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        <invCountry>AU</invCountry>
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        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-11</maturityDt>
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        <name>GM Financial Automobile Leasing Trust</name>
        <lei>N/A</lei>
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        <cusip>362569AA3</cusip>
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          <isin value="US362569AA39"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Gilead Sciences, Inc.</name>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KeyBank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neuberger Berman Loan Advisers CLO 37 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-30</maturityDt>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <balance>4000000.00000000</balance>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-12</maturityDt>
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        <name>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DNB Bank ASA</name>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
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        <invCountry>FR</invCountry>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <title>Federation des Caisses Desjardins du Quebec</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
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        <name>AIG Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>AIG Global Funding</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-12-15</maturityDt>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <name>Elmwood CLO X Ltd.</name>
        <lei>N/A</lei>
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        <name>Apidos CLO XXI</name>
        <lei>549300336HZNKBNFER56</lei>
        <title>Apidos CLO XXI, Series 2015-21A, Class A1R</title>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-18</maturityDt>
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          <annualizedRt>1.05225120</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Albemarle Corp.</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp.</title>
        <cusip>01265RA65</cusip>
        <identifiers>
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        <name>3M Co.</name>
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        <name>Standard Chartered plc</name>
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        <name>Morgan Stanley</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>Newark BSL CLO 2 Ltd.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Capital One NA</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Enel Finance America LLC</name>
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        <name>Reliance Standard Life Global Funding II</name>
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        <name>UBS AG</name>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Barclays Bank plc</name>
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        <name>Teledyne Technologies, Inc.</name>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>Hyundai Capital America</name>
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        <name>Bank of Montreal</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc.</title>
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        <name>AT&amp;T, Inc.</name>
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        <name>HSBC Holdings plc</name>
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        <name>KKR CLO 28 Ltd.</name>
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        <name>Benefit Street Partners CLO Ltd.</name>
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        <name>BMW US Capital LLC</name>
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        <name>7-Eleven, Inc.</name>
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        <name>KeyBank NA</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Hyundai Auto Receivables Trust</name>
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        <name>Symphony CLO XIV Ltd.</name>
        <lei>54930085JMJSZBQ6N270</lei>
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        <name>Suncor Energy, Inc.</name>
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        <name>Credit Suisse AG</name>
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        <name>Brighthouse Financial Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Truist Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Norinchukin Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth Bank of Australia</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Ares XXVII CLO Ltd.</name>
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        <name>AstraZeneca plc</name>
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        <name>Anthem, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <name>OHA Credit Partners XIII Ltd.</name>
        <lei>549300EX32IF3NZCVL73</lei>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
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        <name>Magnetite XIX Ltd.</name>
        <lei>5493000OP4ZUZOOM1U45</lei>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIMCO CLO 10 Ltd.</name>
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          <isin value="US00901AAJ60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Electric Power Co., Inc.</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US69689HAA32"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
        <cusip>04685A2F7</cusip>
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          <isin value="US04685A2F71"/>
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        <balance>1945000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO XXIV</name>
        <lei>549300PPHIOJQEKPJH29</lei>
        <title>Apidos CLO XXIV, Series 2016-24A, Class A1AL</title>
        <cusip>03759CAS9</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-20</maturityDt>
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      <invstOrSec>
        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-22</maturityDt>
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      <invstOrSec>
        <name>Benefit Street Partners CLO III Ltd.</name>
        <lei>549300Y1V90IQ456QX97</lei>
        <title>Benefit Street Partners CLO III Ltd., Series 2013-IIIA, Class A1R2</title>
        <cusip>08180EBJ2</cusip>
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          <isin value="US08180EBJ29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-20</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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      <invstOrSec>
        <name>CK Hutchison International 17 Ltd.</name>
        <lei>254900TNOJOSKVTDPK87</lei>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-05</maturityDt>
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        <name>Dryden 36 Senior Loan Fund</name>
        <lei>549300XLLT7H0EYXK263</lei>
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        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-22</maturityDt>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-28</maturityDt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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      <invstOrSec>
        <name>Siemens Financieringsmaatschappij NV</name>
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        <title>Siemens Financieringsmaatschappij NV</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNZ International Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.65000000</annualizedRt>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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          <isin value="US91324PCH38"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA</title>
        <cusip>21688AAR3</cusip>
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        <balance>62834000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.34832880</annualizedRt>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
        <cusip>89352HAK5</cusip>
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        <balance>25013000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26103944.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ICG US CLO Ltd.</name>
        <lei>635400A7LQADQPBLJB50</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dryden 30 Senior Loan Fund</name>
        <lei>549300AS2O1RYPD2ED41</lei>
        <title>Dryden Senior Loan Fund, Series 2013-30A, Class AR</title>
        <cusip>26249BAQ4</cusip>
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          <isin value="US26249BAQ41"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc</title>
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        <assetCat>STIV</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-18</maturityDt>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <invCountry>AU</invCountry>
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        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2021-SOAR, Class A</title>
        <cusip>05608WAA2</cusip>
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          <isin value="US05608WAA27"/>
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        <balance>23686305.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>0.75999960</annualizedRt>
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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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        <name>Metropolitan Life Global Funding I</name>
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        <name>Sculptor CLO XXVII Ltd.</name>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture 43 CLO Ltd.</name>
        <lei>549300OLN5VHTMLSN650</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse AG</name>
        <lei>549300D0YARF5HYP1809</lei>
        <title>Credit Suisse AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>APT Pipelines Ltd.</name>
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        <name>NBN Co. Ltd.</name>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <name>OCP CLO Ltd.</name>
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        <name>Magnetite XVIII Ltd.</name>
        <lei>549300BDVLRWS2SODX97</lei>
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        <name>Svensk Exportkredit AB</name>
        <lei>1FOLRR5RWTWWI397R131</lei>
        <title>Svensk Exportkredit AB</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guardian Life Global Funding</name>
        <lei>635400NHILJ5JEKILC36</lei>
        <title>Guardian Life Global Funding</title>
        <cusip>40139LAD5</cusip>
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          <isin value="US40139LAD55"/>
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        <balance>5994000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kia Corp.</name>
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        <title>Kia Corp.</title>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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          <isin value="US12553DAJ63"/>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="US65339KBT60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-22</maturityDt>
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      <invstOrSec>
        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB</title>
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          <isin value="US83051GAM06"/>
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        <balance>10957000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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          <isin value="US459200JC60"/>
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        <balance>2215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2262931.36000000</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>2022-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Caisse des Depots et Consignations</name>
        <lei>969500Q2PFTTP0Y5QL44</lei>
        <title>Caisse des Depots et Consignations</title>
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          <isin value="US12800BAS16"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4499230.50000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-26</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
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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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          <isin value="US928668BG63"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <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>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
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        <balance>29407000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US12433YAA55"/>
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        <balance>26133222.41000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Duke Energy Progress LLC</name>
        <lei>0NIFZ782LS46WOC9QK20</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Express Credit Corp.</name>
        <lei>9ET6B8VCXWW51H8Z3M54</lei>
        <title>American Express Credit Corp.</title>
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        <balance>235000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Co.</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co.</title>
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        <balance>4800000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust, Series 2021-2, Class A2A</title>
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          <isin value="US14314QAB05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
        <cusip>05583JAA0</cusip>
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        <balance>17882000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18092543.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-22</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Banking Corp.</name>
        <lei>549300MS3WYYVQ4HXM15</lei>
        <title>Sumitomo Mitsui Banking Corp.</title>
        <cusip>86565C4F3</cusip>
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          <isin value="US86565C4F39"/>
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        <balance>23400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23388547.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-02</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Nationwide Building Society</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>BMW US Capital LLC</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Fifth Third Bancorp</name>
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        <name>New York Life Global Funding</name>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Carlisle Cos., Inc.</name>
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        <name>Galaxy XV CLO Ltd.</name>
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        <name>Protective Life Global Funding</name>
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        <name>Treman Park CLO Ltd.</name>
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        <name>AIG Global Funding</name>
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        <name>Societe Generale SA</name>
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        <name>Pfizer, Inc.</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>Engie SA</name>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Coca-Cola Europacific Partners plc</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Enel Finance America LLC</name>
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        <name>Societe Generale SA</name>
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        <name>Telstra Corp. Ltd.</name>
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        <name>CenterPoint Energy Resources Corp.</name>
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        <name>Longfellow Place CLO Ltd.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Credit Agricole SA</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2021-SAVE, Class A</title>
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          <isin value="US95003LAA89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA</title>
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          <isin value="US17401QAT85"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-14</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE Gas, Inc.</title>
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          <isin value="US68235PAJ75"/>
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        <balance>82093000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mondelez International Holdings Netherlands BV</name>
        <lei>549300CW356R8I7N8D33</lei>
        <title>Mondelez International Holdings Netherlands BV</title>
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          <isin value="US60920LAE48"/>
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        <balance>20385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20661148.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-19</maturityDt>
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          <annualizedRt>2.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2021-RENT, Class A</title>
        <cusip>36260XAA4</cusip>
        <identifiers>
          <isin value="US36260XAA46"/>
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        <balance>5000052.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4978084.77000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-21</maturityDt>
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          <annualizedRt>0.79110000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
        <cusip>58013MEM2</cusip>
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          <isin value="US58013MEM29"/>
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        <balance>52053000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05964HAE5</cusip>
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          <isin value="US05964HAE53"/>
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        <balance>5315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5456107.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHA Credit Funding 7 Ltd.</name>
        <lei>N/A</lei>
        <title>OHA Credit Funding 7 Ltd., Series 2020-7A, Class X</title>
        <cusip>67098WAJ0</cusip>
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          <isin value="US67098WAJ09"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>90352JAE3</cusip>
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        <balance>37834000.00000000</balance>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-22</maturityDt>
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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>10932409.83000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-20</maturityDt>
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      <invstOrSec>
        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper, Inc.</title>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Neuberger Berman CLO XIV Ltd.</name>
        <lei>549300Z5ZNFT7IECFZ07</lei>
        <title>Neuberger Berman CLO XIV Ltd., Series 2013-14A, Class AR2</title>
        <cusip>64129JBE9</cusip>
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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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WEC Energy Group, Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group, Inc.</title>
        <cusip>92939UAC0</cusip>
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        <balance>15845000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
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          <annualizedRt>0.55000000</annualizedRt>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. LP</name>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <title>Mizuho Financial Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>3M Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chevron Phillips Chemical Co. LLC</name>
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      <invstOrSec>
        <name>Reliance Standard Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</name>
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        <name>BP Capital Markets plc</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Neuberger Berman CLO XV</name>
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        <name>AmerisourceBergen Corp.</name>
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        <name>National Bank of Canada</name>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Benchmark Mortgage Trust</name>
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        <name>KKR CLO 24 Ltd.</name>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-25</maturityDt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Unilever Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Met Tower Global Funding</name>
        <lei>635400OFJCY9IOGBGY57</lei>
        <title>Met Tower Global Funding</title>
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          <isin value="US58989V2A16"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federation des Caisses Desjardins du Quebec</name>
        <lei>549300B2Q47IR0CR5B54</lei>
        <title>Federation des Caisses Desjardins du Quebec</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-21</maturityDt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
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        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Emera US Finance LP</name>
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        <name>MP CLO III Ltd.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <invCountry>KY</invCountry>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <balance>43962000.00000000</balance>
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        <name>KeyBank NA</name>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR CLO 32 Ltd.</name>
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        <name>Duke Energy Corp.</name>
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        <title>Duke Energy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-20</maturityDt>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO Ltd.</name>
        <lei>2549003HLFPQ7ATPYA23</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-20</maturityDt>
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      <invstOrSec>
        <name>Reliance Standard Life Global Funding II</name>
        <lei>N/A</lei>
        <title>Reliance Standard Life Global Funding II</title>
        <cusip>75951AAK4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-22</maturityDt>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>Citigroup Global Markets Holdings, Inc.</title>
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        <name>America Movil SAB de CV</name>
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        <invCountry>MX</invCountry>
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        <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>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <name>BXMT Ltd.</name>
        <lei>N/A</lei>
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        <name>Cargill, Inc.</name>
        <lei>QXZYQNMR4JZ5RIRN4T31</lei>
        <title>Cargill, Inc.</title>
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        <name>Benefit Street Partners CLO X Ltd.</name>
        <lei>549300MYLNCW81S1Y182</lei>
        <title>Benefit Street Partners CLO X Ltd., Series 2016-10A, Class X</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <debtSec>
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        <name>GlaxoSmithKline Capital plc</name>
        <lei>549300U0LV41VX7LEP38</lei>
        <title>GlaxoSmithKline Capital plc</title>
        <cusip>377373AD7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>AIG Global Funding</name>
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        <name>Duke Energy Corp.</name>
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        <name>Air Lease Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>LCM XXIV Ltd.</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>National Bank of Canada</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Bunge Ltd. Finance Corp.</name>
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        <name>Credit Suisse AG</name>
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        <invCountry>CH</invCountry>
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        <name>Huntington National Bank (The)</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
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        <invCountry>US</invCountry>
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        <name>Citizens Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ryder System, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Newark BSL CLO 1 Ltd.</name>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>254900ZMV4RGFPV8TK42</lei>
        <title>OCP CLO Ltd., Series 2020-19A, Class XR</title>
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          <isin value="US670881AL58"/>
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        <balance>1093750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1093846.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YEA9</cusip>
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          <isin value="US61747YEA91"/>
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        <balance>25000000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.78999840</annualizedRt>
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      <invstOrSec>
        <name>Apidos CLO XXXI</name>
        <lei>549300IG6PHVJ3WBR394</lei>
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          <isin value="US03767VAG32"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Daiwa Securities Group, Inc.</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>Daiwa Securities Group, Inc.</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd.</name>
        <lei>635400BTAKRBKGRV3X14</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.49952520</annualizedRt>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy, Series N</title>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>LCM XX LP</name>
        <lei>549300VQTTD2PAP2Y421</lei>
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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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          <annualizedRt>0.74864880</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.62699848</annualizedRt>
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      <invstOrSec>
        <name>Credit Suisse AG</name>
        <lei>549300D0YARF5HYP1809</lei>
        <title>Credit Suisse AG</title>
        <cusip>22550L2B6</cusip>
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          <isin value="US22550L2B68"/>
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        <balance>67624000.00000000</balance>
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        <name>Daimler Finance North America LLC</name>
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        <name>Macquarie Bank Ltd.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>CBAM Ltd.</name>
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        <name>Societe Generale SA</name>
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        <name>Triton Container International Ltd.</name>
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        <name>Church &amp; Dwight Co., Inc.</name>
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        <name>Suncorp-Metway Ltd.</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>Enel Finance America LLC</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
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      <invstOrSec>
        <name>BNZ International Funding Ltd.</name>
        <lei>549300HVMZ89HDMELW08</lei>
        <title>BNZ International Funding Ltd.</title>
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          <isin value="US05579HAH57"/>
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        <balance>4855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4952151.22000000</valUSD>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <balance>3694551.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3822450.48000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.99700000</annualizedRt>
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      <invstOrSec>
        <name>Avery Point VII CLO Ltd.</name>
        <lei>549300ZZJXJNKXU40667</lei>
        <title>Avery Point CLO Ltd., Series 2015-7A, Class AR2</title>
        <cusip>05364CBE1</cusip>
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          <isin value="US05364CBE12"/>
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        <balance>26674491.87000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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          <isin value="US172967LM17"/>
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        <balance>2097000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2125370.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.87600040</annualizedRt>
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          <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>46849LTE1</cusip>
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          <isin value="US46849LTE10"/>
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        <balance>4970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4994739.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brighthouse Financial Global Funding</name>
        <lei>549300BLFX3KJ2IFOA78</lei>
        <title>Brighthouse Financial Global Funding</title>
        <cusip>10921U2A5</cusip>
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          <isin value="US10921U2A59"/>
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        <balance>7007000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6972260.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Palmer Square Loan Funding Ltd., Series 2020-4A, Class A1</title>
        <cusip>69701PAA9</cusip>
        <identifiers>
          <isin value="US69701PAA93"/>
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        <balance>42059371.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42067447.24000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.18024920</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>89114QCJ5</cusip>
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          <isin value="US89114QCJ58"/>
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        <balance>48000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47769.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT Finance Corp.</title>
        <cusip>62954WAA3</cusip>
        <identifiers>
          <isin value="US62954WAA36"/>
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        <balance>40004000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39887464.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.37300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
        <cusip>097023CS2</cusip>
        <identifiers>
          <isin value="US097023CS21"/>
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        <balance>31519000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32906281.36000000</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>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50800000</annualizedRt>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Drive Auto Receivables Trust, Series 2021-2, Class A2</title>
        <cusip>262104AB8</cusip>
        <identifiers>
          <isin value="US262104AB81"/>
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        <balance>73749000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73714950.09000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.36000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANZ New Zealand Int'l Ltd.</name>
        <lei>213800VD256NU2D97H12</lei>
        <title>ANZ New Zealand Int'l Ltd.</title>
        <cusip>00182EBC2</cusip>
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          <isin value="US00182EBC21"/>
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        <balance>2585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2594898.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Federation des Caisses Desjardins du Quebec</name>
        <lei>549300B2Q47IR0CR5B54</lei>
        <title>Federation des Caisses Desjardins du Quebec</title>
        <cusip>31430WCB8</cusip>
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          <isin value="US31430WCB81"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25319538.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bain Capital Credit CLO</name>
        <lei>549300B0VI605XM3L529</lei>
        <title>Bain Capital Credit CLO, Series 2019-1A, Class X</title>
        <cusip>05683VAQ7</cusip>
        <identifiers>
          <isin value="US05683VAQ77"/>
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        <balance>5400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5399989.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-19</maturityDt>
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          <annualizedRt>0.95362920</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>549300WSX4P5CXVKVR97</lei>
        <title>BlueMountain CLO Ltd., Series 2012-2A, Class AR2</title>
        <cusip>09626RAW5</cusip>
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          <isin value="US09626RAW51"/>
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        <balance>5930827.90000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5934819.35000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-20</maturityDt>
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          <annualizedRt>1.20962880</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ballyrock CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Ballyrock CLO Ltd., Series 2019-1A, Class A1R</title>
        <cusip>05875JAJ8</cusip>
        <identifiers>
          <isin value="US05875JAJ88"/>
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        <balance>42764000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42753223.47000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.15374960</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp.</title>
        <cusip>89236THV0</cusip>
        <identifiers>
          <isin value="US89236THV08"/>
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        <balance>61779000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61752469.01000000</valUSD>
        <pctVal>0.334193814915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.37833120</annualizedRt>
          <isDefault>N</isDefault>
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        <name>CenterPoint Energy Resources Corp.</name>
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        <name>Marathon CLO XIII Ltd.</name>
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        <name>Royal Bank of Canada</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Starbucks Corp.</name>
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        <name>Venture 36 CLO Ltd.</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>Citigroup, Inc.</name>
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        <name>Shackleton CLO Ltd.</name>
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        <name>Credit Suisse Mortgage Capital Certificates</name>
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        <name>KKR CLO 16 Ltd.</name>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <name>Hyundai Capital America</name>
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        <name>Barclays plc</name>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
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        <assetCat>STIV</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Credit Suisse AG</name>
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        <name>Sumitomo Mitsui Banking Corp.</name>
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        <name>Symphony CLO XXIV Ltd.</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>US Bank NA</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dryden Senior Loan Fund</name>
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        <name>BPCE SA</name>
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        <name>International Lease Finance Corp.</name>
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        <name>Venture 33 CLO Ltd.</name>
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        <name>Bank of Montreal</name>
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        <name>Glencore Funding LLC</name>
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        <name>BPCE SA</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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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <name>Palmer Square Loan Funding Ltd.</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Protective Life Global Funding</name>
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        <name>Barclays Bank plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>National Australia Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southwick Park CLO LLC</name>
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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>2023-07-16</maturityDt>
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        <name>Phillips 66</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>GlaxoSmithKline Capital plc</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>Octagon Investment Partners 30 Ltd.</name>
        <lei>549300CDNDWWERRAUA43</lei>
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        <name>Lloyds Banking Group plc</name>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Wind River CLO Ltd.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>MassMutual Global Funding II</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>BP Capital Markets plc</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>American Express Co.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>First Republic Bank</name>
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        <name>Equitable Financial Life Global Funding</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LCM 29 Ltd.</name>
        <lei>N/A</lei>
        <title>LCM 29 Ltd., Series 29A, Class AR</title>
        <cusip>50201MAQ6</cusip>
        <identifiers>
          <isin value="US50201MAQ69"/>
        </identifiers>
        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20020240.00000000</valUSD>
        <pctVal>0.108346119408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.19374920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GHR3</cusip>
        <identifiers>
          <isin value="US06051GHR39"/>
        </identifiers>
        <balance>2392000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2505436.44000000</valUSD>
        <pctVal>0.013558994082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.45800160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered plc</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered plc</title>
        <cusip>853254BV1</cusip>
        <identifiers>
          <isin value="US853254BV15"/>
        </identifiers>
        <balance>16742000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16779939.21000000</valUSD>
        <pctVal>0.090810164978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.31900040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
        <cusip>29250NBD6</cusip>
        <identifiers>
          <isin value="US29250NBD66"/>
        </identifiers>
        <balance>22769000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22762852.37000000</valUSD>
        <pctVal>0.123188669114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Natural Gas Co. LLC</name>
        <lei>N/A</lei>
        <title>Southern Natural Gas Co. LLC</title>
        <cusip>84346LAC4</cusip>
        <identifiers>
          <isin value="US84346LAC46"/>
        </identifiers>
        <balance>4600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4584632.96000000</valUSD>
        <pctVal>0.024811250520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leidos, Inc.</name>
        <lei>5493006I78VIN6J1BQ95</lei>
        <title>Leidos, Inc.</title>
        <cusip>52532XAB1</cusip>
        <identifiers>
          <isin value="US52532XAB10"/>
        </identifiers>
        <balance>46063000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47333735.84000000</valUSD>
        <pctVal>0.256162093729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
        <cusip>438516BT2</cusip>
        <identifiers>
          <isin value="US438516BT21"/>
        </identifiers>
        <balance>3051000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3081700.63000000</valUSD>
        <pctVal>0.016677637452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172CD9</cusip>
        <identifiers>
          <isin value="US718172CD93"/>
        </identifiers>
        <balance>2620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2661711.26000000</valUSD>
        <pctVal>0.014404726716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NatWest Markets plc</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets plc</title>
        <cusip>63906AAA8</cusip>
        <identifiers>
          <isin value="US63906AAA88"/>
        </identifiers>
        <balance>25670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26335216.49000000</valUSD>
        <pctVal>0.142521693569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-12-30</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>
