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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-20</maturityDt>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-12</maturityDt>
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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>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-18</maturityDt>
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        <name>Martin Marietta Materials, Inc.</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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          <maturityDt>2023-06-22</maturityDt>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Sound Point CLO XX Ltd.</name>
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        <name>ITC Holdings Corp.</name>
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        <name>Nordea Bank Abp</name>
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        <name>Santander UK plc</name>
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        <name>American Express Co.</name>
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        <name>Westlake Corp.</name>
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        <title>Westlake Corp.</title>
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        <name>UBS AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eversource Energy</name>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Nordea Bank Abp</name>
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        <name>Glencore Funding LLC</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>American Electric Power Co., Inc.</name>
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        <name>Ballyrock CLO Ltd.</name>
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        <name>Bank of Montreal</name>
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        <name>Barclays Bank plc</name>
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        <name>DNB Bank ASA</name>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <title>Siemens Financieringsmaatschappij NV</title>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 26 Ltd.</name>
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        <name>MUFG Bank Ltd.</name>
        <lei>C3GTMMZIHMY46P4OIX74</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital One Prime Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group, Inc.</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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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-14</maturityDt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-22</maturityDt>
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        <name>International Flavors &amp; Fragrances, Inc.</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>International Flavors &amp; Fragrances, Inc.</title>
        <cusip>459506AM3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-15</maturityDt>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co., Series H</title>
        <cusip>233331BH9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
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        <name>Swiss Re Treasury US Corp.</name>
        <lei>549300G1I1ZMYS87KM16</lei>
        <title>Swiss Re Treasury U.S. Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Sound Point CLO II Ltd.</name>
        <lei>549300Q00FJ0WHHYC788</lei>
        <title>Sound Point CLO II Ltd., Series 2013-1A, Class A1R</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC USA, Inc.</name>
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        <name>TCI-Symphony CLO Ltd.</name>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp., Series D</title>
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        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GEH8</cusip>
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        <balance>12448000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Cigna Corp.</name>
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        <name>Cigna Corp.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Securities NZ Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
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        <name>Athene Global Funding</name>
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        <name>UBS AG</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>HSBC Holdings plc</name>
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        <name>New York Life Global Funding</name>
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        <name>Truist Financial Corp.</name>
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        <name>National Bank of Canada</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Exeter Automobile Receivables Trust</name>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust</name>
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        <name>Neuberger Berman CLO XVI-S Ltd.</name>
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        <name>Anchorage Capital CLO 9 Ltd.</name>
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        <name>ING Groep NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Reckitt Benckiser Treasury Services plc</name>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>Kia Corp.</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>KR</invCountry>
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        <name>Magnetite VII Ltd.</name>
        <lei>549300B54XJTQC6DWJ15</lei>
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          <maturityDt>2028-01-15</maturityDt>
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        <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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        <invCountry>US</invCountry>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Sound Point CLO XXII Ltd.</name>
        <lei>N/A</lei>
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        <cusip>83611KAL6</cusip>
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          <isin value="US83611KAL61"/>
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        <invCountry>KY</invCountry>
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          <annualizedRt>1.33400160</annualizedRt>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83369CN42</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Avery Point VI CLO Ltd.</name>
        <lei>N/A</lei>
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          <annualizedRt>1.21500000</annualizedRt>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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        <name>NatWest Group plc</name>
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        <title>NatWest Group plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-22</maturityDt>
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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
        <lei>54930079SUKCXYW8DR07</lei>
        <title>Barings CLO Ltd., Series 2013-IA, Class AR</title>
        <cusip>06760EAA4</cusip>
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          <isin value="US06760EAA47"/>
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        <balance>30552076.80000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-20</maturityDt>
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          <annualizedRt>1.05400080</annualizedRt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <name>Standard Chartered plc</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>VMware, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-15</maturityDt>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <fairValLevel>2</fairValLevel>
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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>2022-03-29</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-10</maturityDt>
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        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Palmer Square Loan Funding Ltd., Series 2022-1A, Class A1</title>
        <cusip>69701CAA8</cusip>
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          <isin value="US69701CAA80"/>
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        <invCountry>KY</invCountry>
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          <annualizedRt>1.43658000</annualizedRt>
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        <name>Aetna, Inc.</name>
        <lei>549300QKBENKLBXQ8968</lei>
        <title>Aetna, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
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        <balance>32459000.00000000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-10</maturityDt>
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          <annualizedRt>3.80000000</annualizedRt>
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        <name>Goldentree Loan Management US CLO 7 Ltd.</name>
        <lei>549300DO8S88M0JNL340</lei>
        <title>Goldentree Loan Management US CLO Ltd., Series 2020-7A, Class XR</title>
        <cusip>38138LAJ7</cusip>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-20</maturityDt>
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        <name>AIG Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>AIG Global Funding</title>
        <cusip>00138CAT5</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-09-13</maturityDt>
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        <name>Galaxy XXII CLO Ltd.</name>
        <lei>54930022KENWLYJ8SJ86</lei>
        <title>Galaxy CLO Ltd., Series 2016-22A, Class XRR</title>
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        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co. LP</title>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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        <balance>14130000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-17</maturityDt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>254900XV0U0WEM36A370</lei>
        <title>OCP CLO Ltd., Series 2015-9A, Class X</title>
        <cusip>67091YAS3</cusip>
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        <balance>4000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brighthouse Financial Global Funding</name>
        <lei>549300BLFX3KJ2IFOA78</lei>
        <title>Brighthouse Financial Global Funding</title>
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        <name>Westpac Banking Corp.</name>
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        <name>SMBC Aviation Capital Finance DAC</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>Exxon Mobil 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>Caterpillar Financial Services Corp.</name>
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        <name>Athene Global Funding</name>
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        <name>HSBC Holdings plc</name>
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        <name>Entergy Louisiana LLC</name>
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        <name>Reynolds American, Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>HSBC Holdings plc</name>
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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>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Penske Truck Leasing Co. LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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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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        <name>Starbucks Corp.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>LMREC LLC</name>
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        <name>SREIT Trust</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>Huntington National Bank (The)</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Biogen, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>BNP Paribas SA</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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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>JB Hunt Transport Services, Inc.</name>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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        <name>First Abu Dhabi Bank PJSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Honda Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckhorn Park CLO Ltd.</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
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        <name>Nutrien Ltd.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Exeter Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allstate Corp. (The)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM XXV Ltd.</name>
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        <name>MassMutual Global Funding II</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Eversource Energy</name>
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        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
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        <name>Eaton Corp.</name>
        <lei>0NZWDMRCE180888QQE14</lei>
        <title>Eaton Corp.</title>
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        <name>Huntington National Bank (The)</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Enbridge US, Inc.</name>
        <lei>5493003FRODSVHJWFS32</lei>
        <title>Enbridge US, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Securities LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORIX Corp.</name>
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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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        <invCountry>JP</invCountry>
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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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          <isin value="US00489TAA43"/>
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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>Banco del Estado de Chile</name>
        <lei>5493004R4EJC0W0XVQ72</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
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        <name>Hyundai Capital Services, Inc.</name>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>World Omni Select Auto Trust</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KeyBank NA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 37 Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-20</maturityDt>
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      <invstOrSec>
        <name>UBS Group AG</name>
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          <isin value="US902613AB45"/>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-30</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <curCd>USD</curCd>
        <valUSD>894737.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-02</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4028089.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-12</maturityDt>
          <couponKind>Floating</couponKind>
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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>
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        <balance>75150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74831055.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-11</maturityDt>
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      <invstOrSec>
        <name>Federation des Caisses Desjardins du Quebec</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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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>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIG Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>AIG Global Funding</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aimco CLO 12 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-17</maturityDt>
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        <name>Elmwood CLO X Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fortive Corp.</name>
        <lei>549300MU9YQJYHDQEF63</lei>
        <title>Fortive Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-30</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
        <cusip>24422ERT8</cusip>
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        <balance>573000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-27</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
        <cusip>002824BA7</cusip>
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        <balance>143000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143090.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-15</maturityDt>
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        <name>UBS AG</name>
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      <invstOrSec>
        <name>3M Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony Static CLO I Ltd.</name>
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        <name>TD SYNNEX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Magnetite XVIII Ltd.</name>
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        <name>Nutrien Ltd.</name>
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        <name>BNP Paribas SA</name>
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        <name>Heineken NV</name>
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        <name>Independence Plaza Trust</name>
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        <name>UBS AG</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
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          <maturityDt>2023-09-12</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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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>CVS Health Corp.</name>
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        <name>DTE Energy Co.</name>
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        <name>BX Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Reliance Standard Life Global Funding II</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Charles Schwab Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teledyne Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-01</maturityDt>
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        <name>TransCanada PipeLines Ltd.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-01</maturityDt>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>1.90000000</annualizedRt>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <balance>30000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-14</maturityDt>
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          <annualizedRt>0.87500000</annualizedRt>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-11</maturityDt>
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        <name>Citizens Bank NA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR CLO 13 Ltd.</name>
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        <name>Oracle Corp.</name>
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        <name>Enbridge US, Inc.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 28 Ltd.</name>
        <lei>549300OP87QBZ6KR1406</lei>
        <title>KKR CLO Ltd., Series 28A, Class A</title>
        <cusip>48253WAA0</cusip>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Benefit Street Partners CLO Ltd.</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>OHA Credit Funding 7 Ltd.</name>
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        <name>Enel Finance America LLC</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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        <invCountry>CA</invCountry>
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        <name>Brighthouse Financial Global Funding</name>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <name>Truist Bank</name>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>AerCap Ireland Capital DAC</name>
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        <invCountry>IE</invCountry>
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        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-17</maturityDt>
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          <annualizedRt>1.62500000</annualizedRt>
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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>
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        <name>OHA Credit Partners XIII Ltd.</name>
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        <name>Magnetite XIX Ltd.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>AIMCO CLO 10 Ltd.</name>
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        <name>American Electric Power Co., Inc.</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
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        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <name>Athene Global Funding</name>
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        <name>Apidos CLO XXIV</name>
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        <name>NatWest Group plc</name>
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        <name>Benefit Street Partners CLO III Ltd.</name>
        <lei>549300Y1V90IQ456QX97</lei>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2048-12-15</maturityDt>
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        <name>PayPal Holdings, Inc.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
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        <name>OCP CLO Ltd.</name>
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        <name>Siemens Financieringsmaatschappij NV</name>
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        <name>BNZ International Funding Ltd.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
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        <name>ICG US CLO Ltd.</name>
        <lei>635400A7LQADQPBLJB50</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Dryden 30 Senior Loan Fund</name>
        <lei>549300AS2O1RYPD2ED41</lei>
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          <isin value="US26249BAQ41"/>
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        <curCd>USD</curCd>
        <valUSD>488980.47000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.32643080</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DAX3</cusip>
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          <isin value="US05526DAX30"/>
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        <balance>17502000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17536648.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
        <cusip>14913Q2L2</cusip>
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          <isin value="US14913Q2L24"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604761.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Suisse AG</name>
        <lei>549300D0YARF5HYP1809</lei>
        <title>Credit Suisse AG</title>
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          <isin value="US22552G6R62"/>
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        <balance>100098000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99969131.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
        <cusip>63743HEQ1</cusip>
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          <isin value="US63743HEQ11"/>
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        <balance>2070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2082746.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>Macquarie Bank Ltd.</title>
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          <isin value="US55608PBH64"/>
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        <balance>140000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139396794.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.34884000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
        <cusip>78355HKM0</cusip>
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          <isin value="US78355HKM06"/>
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        <balance>6291000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6310444.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
        <cusip>53944YAN3</cusip>
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          <isin value="US53944YAN31"/>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44290066.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.69500160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA</title>
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          <isin value="US17401QAR20"/>
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        <curCd>USD</curCd>
        <valUSD>16817804.90000000</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>2023-03-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.16975160</annualizedRt>
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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>
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          <isin value="US05608WAA27"/>
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        <balance>23686305.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23152548.33000000</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>2038-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.86100120</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="US64952WDR16"/>
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        <balance>52840000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-20</maturityDt>
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        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <balance>5887000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GAX7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-10</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sculptor CLO XXVII Ltd.</name>
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        <cusip>81124UAA2</cusip>
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          <isin value="US81124UAA25"/>
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        <curCd>USD</curCd>
        <valUSD>3999988.00000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carvana Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAT International Finance plc</name>
        <lei>21380041YBGOQDFAC823</lei>
        <title>BAT International Finance plc</title>
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        <balance>25000000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-13</maturityDt>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ABQ9</cusip>
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          <isin value="US44891ABQ94"/>
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        <balance>27058000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26944963.58000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-10</maturityDt>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture 43 CLO Ltd.</name>
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      <invstOrSec>
        <name>Credit Suisse AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APT Pipelines Ltd.</name>
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        <name>BX Trust</name>
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        <name>Svensk Exportkredit AB</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage 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>
          <annualizedRt>3.78800000</annualizedRt>
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        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Guardian Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>CarMax Auto Owner Trust</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Kia Corp.</name>
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        <title>Kia Corp.</title>
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        <invCountry>KR</invCountry>
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        <name>Shinhan Bank</name>
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        <invCountry>KR</invCountry>
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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>National Australia Bank Ltd.</name>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB</title>
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          <maturityDt>2022-12-12</maturityDt>
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          <annualizedRt>2.20000000</annualizedRt>
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        <name>International Business Machines Corp.</name>
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        <title>International Business Machines Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aimco CLO 12 Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US00140LAG95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
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        <name>Madison Park Funding XXXVI Ltd.</name>
        <lei>N/A</lei>
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        <name>BPCE SA</name>
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        <name>Sumitomo Mitsui Banking Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>KNDL Mortgage Trust</name>
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        <name>Nationwide Building Society</name>
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        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
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        <name>BMW US Capital LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US Capital LLC</title>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Moody's Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
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          <isin value="US64952WEF68"/>
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        <balance>38671000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-30</maturityDt>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-15</maturityDt>
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      <invstOrSec>
        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.55000000</annualizedRt>
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        <name>Galaxy XV CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Protective Life Global Funding</name>
        <lei>635400EVYITCJYWL2I50</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Treman Park CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AIG Global Funding</name>
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        <title>AIG Global Funding</title>
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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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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.62500000</annualizedRt>
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        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-11</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-15</maturityDt>
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          <annualizedRt>0.30900000</annualizedRt>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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          <maturityDt>2022-10-15</maturityDt>
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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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        <name>Thermo Fisher Scientific, Inc.</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific, Inc.</title>
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        <balance>135732000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-18</maturityDt>
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          <annualizedRt>0.39852000</annualizedRt>
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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>
        <cusip>05253JAU5</cusip>
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          <isin value="US05253JAU51"/>
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        <balance>16021000.00000000</balance>
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        <valUSD>16171632.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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          <isin value="US049560AV77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
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          <isin value="US63859UBE29"/>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
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      <invstOrSec>
        <name>JPMorgan Securities Lending Money Market Fund</name>
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          <isin value="N/A"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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          <isin value="US37045XDG88"/>
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        <balance>18436000.00000000</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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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-22</maturityDt>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
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      <invstOrSec>
        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana, Inc.</title>
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          <isin value="US444859BJ00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBGS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBGS Mortgage Trust, Series 2018-BIOD, Class A</title>
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          <isin value="US23306GAA58"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anthem, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Anthem, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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        <name>Rogers Communications, Inc.</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>Rogers Communications, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-22</maturityDt>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
        <lei>N/A</lei>
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        <cusip>96043JAC9</cusip>
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          <isin value="US96043JAC99"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coca-Cola Europacific Partners plc</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>Coca-Cola Europacific Partners plc</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-11</maturityDt>
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      <invstOrSec>
        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB</title>
        <cusip>83051GAK4</cusip>
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        <curCd>USD</curCd>
        <valUSD>13773897.60000000</valUSD>
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        <name>Humana, Inc.</name>
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        <name>Societe Generale SA</name>
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        <name>Credit Agricole SA</name>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emera US Finance LP</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <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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          <maturityDt>2040-02-15</maturityDt>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
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        <title>ONE Gas, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-11</maturityDt>
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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>
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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>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
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        <cusip>36260XAA4</cusip>
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          <isin value="US36260XAA46"/>
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        <balance>4948777.74000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-21</maturityDt>
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          <annualizedRt>0.86171040</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>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-23</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122CZ9</cusip>
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          <isin value="US110122CZ98"/>
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        <balance>410000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>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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          <maturityDt>2022-11-25</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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          <maturityDt>2023-08-15</maturityDt>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Marlette Funding Trust</name>
        <lei>549300GIOP3T7X23OV63</lei>
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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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      <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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          <maturityDt>2024-03-15</maturityDt>
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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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        <balance>75151000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-11</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>Neuberger Berman CLO XIV Ltd.</name>
        <lei>549300Z5ZNFT7IECFZ07</lei>
        <title>Neuberger Berman CLO Ltd., Series 2013-14A, Class AR2</title>
        <cusip>64129JBE9</cusip>
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        <balance>16000000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-28</maturityDt>
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      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
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      <invstOrSec>
        <name>WEC Energy Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
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        <title>ONE Gas, Inc.</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>
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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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
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      <invstOrSec>
        <name>Chevron Phillips Chemical Co. LLC</name>
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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>
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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>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Montreal</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>Morgan Stanley</name>
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        <name>AmerisourceBergen Corp.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Benchmark Mortgage Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 24 Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
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          <isin value="US46849LTN19"/>
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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>2023-01-06</maturityDt>
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          <annualizedRt>0.64885680</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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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>2024-03-25</maturityDt>
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        <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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Met Tower Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Societe Generale SA</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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        <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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        <name>KeyBank NA</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bain Capital Credit CLO Ltd.</name>
        <lei>549300GXRBLOE2KMGY86</lei>
        <title>Bain Capital Credit CLO Ltd., Series 2016-2A, Class ARR</title>
        <cusip>056828AS5</cusip>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Entergy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR CLO 32 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO Ltd.</name>
        <lei>2549003HLFPQ7ATPYA23</lei>
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        <fairValLevel>2</fairValLevel>
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        <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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-22</maturityDt>
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        <name>BSPRT Issuer Ltd.</name>
        <lei>N/A</lei>
        <title>BSPRT Issuer Ltd., Series 2021-FL7, Class A</title>
        <cusip>05602CAA2</cusip>
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          <isin value="US05602CAA27"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Atlas Senior Loan Fund Ltd.</name>
        <lei>N/A</lei>
        <title>Atlas Senior Loan Fund Ltd., Series 2021-18A, Class X</title>
        <cusip>04943EAA9</cusip>
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          <isin value="US04943EAA91"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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        <name>Citigroup Global Markets Holdings, Inc.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>Citigroup Global Markets Holdings, Inc.</title>
        <cusip>17329FXG4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Albemarle Corp.</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp.</title>
        <cusip>01265RCG1</cusip>
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        <invCountry>US</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>
        <cusip>90520EAH4</cusip>
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        <invCountry>US</invCountry>
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          <annualizedRt>3.15000000</annualizedRt>
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      <invstOrSec>
        <name>BXMT Ltd.</name>
        <lei>N/A</lei>
        <title>BXMT Ltd., Series 2020-FL3, Class A</title>
        <cusip>05608XAA0</cusip>
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          <isin value="US05608XAA00"/>
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        <balance>45000000.00000000</balance>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Benefit Street Partners CLO X Ltd.</name>
        <lei>549300MYLNCW81S1Y182</lei>
        <title>Benefit Street Partners CLO Ltd., Series 2016-10A, Class X</title>
        <cusip>08181LAS6</cusip>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <annualizedRt>0.85399920</annualizedRt>
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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>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-08</maturityDt>
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          <annualizedRt>2.85000000</annualizedRt>
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        <name>NatWest Markets plc</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets plc</title>
        <cusip>63906YAC2</cusip>
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          <isin value="US63906YAC21"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20009974.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-12</maturityDt>
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          <annualizedRt>0.57999960</annualizedRt>
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      <invstOrSec>
        <name>Fortive Corp.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>AIG Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy 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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-16</maturityDt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-16</maturityDt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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          <maturityDt>2022-05-19</maturityDt>
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        <name>Bunge Ltd. Finance Corp.</name>
        <lei>549300QHC068L40NNM71</lei>
        <title>Bunge Ltd. Finance Corp.</title>
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        <name>Credit Suisse AG</name>
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        <invCountry>CH</invCountry>
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          <maturityDt>2023-08-09</maturityDt>
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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>Schlumberger Finance Canada Ltd.</name>
        <lei>549300P4EXZFF0LRNF59</lei>
        <title>Schlumberger Finance Canada Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
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        <name>Citizens Bank NA</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ryder System, Inc.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc.</title>
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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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          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.30000000</annualizedRt>
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      <invstOrSec>
        <name>Newark BSL CLO 1 Ltd.</name>
        <lei>549300R0C043JWD1XY94</lei>
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        <cusip>65023TAJ1</cusip>
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        <balance>32778479.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <curCd>USD</curCd>
        <valUSD>1137452.39000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>254900ZMV4RGFPV8TK42</lei>
        <title>OCP CLO Ltd., Series 2020-19A, Class XR</title>
        <cusip>670881AL5</cusip>
        <identifiers>
          <isin value="US670881AL58"/>
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        <balance>937500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>937355.63000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.95400000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61747YEA91"/>
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        <balance>25000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <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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        <cusip>03767VAG3</cusip>
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          <isin value="US03767VAG32"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2031-04-15</maturityDt>
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      <invstOrSec>
        <name>Daiwa Securities Group, Inc.</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>Daiwa Securities Group, Inc.</title>
        <cusip>234064AB9</cusip>
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          <isin value="US234064AB96"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12900000</annualizedRt>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
        <lei>635400BTAKRBKGRV3X14</lei>
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      <invstOrSec>
        <name>Suntory Holdings Ltd.</name>
        <lei>54930074QUY8RD0UZM08</lei>
        <title>Suntory Holdings Ltd.</title>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <invCountry>CA</invCountry>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM XX LP</name>
        <lei>549300VQTTD2PAP2Y421</lei>
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        <name>National Grid North America, Inc.</name>
        <lei>5Q3U0WRKWZZGRMPYFT08</lei>
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        <fairValLevel>2</fairValLevel>
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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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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-17</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Westpac Banking Corp.</name>
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        <name>522 Funding CLO Ltd.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Daimler Finance North America LLC</name>
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        <name>Lloyds Banking Group plc</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>Anthem, Inc.</name>
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        <name>Enel Finance America LLC</name>
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        <name>Suncorp-Metway Ltd.</name>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNZ International Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Electric Power Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-03-01</maturityDt>
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        <name>Mitsubishi HC Capital America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avery Point VII CLO Ltd.</name>
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        <cusip>05364CBE1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brighthouse Financial Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enbridge US, Inc.</name>
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        <name>Bank of Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NTT Finance Corp.</name>
        <lei>3538007PR116187GD960</lei>
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        <invCountry>JP</invCountry>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-01</maturityDt>
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        <name>Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
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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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        <balance>25000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-26</maturityDt>
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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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      <invstOrSec>
        <name>Ballyrock CLO Ltd.</name>
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        <name>Toyota Motor Credit Corp.</name>
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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>BMW US Capital LLC</name>
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        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
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        <name>Altria Group, Inc.</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>Credit Suisse Mortgage Capital Certificates</name>
        <lei>N/A</lei>
        <title>Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class A</title>
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        <name>Enel Finance America LLC</name>
        <lei>549300EGNLVUJX1DEC60</lei>
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        <name>KKR CLO 16 Ltd.</name>
        <lei>254900VCKMCY079T6M57</lei>
        <title>KKR CLO Ltd., Series 16, Class X</title>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
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        <invCountry>ES</invCountry>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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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>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Suisse AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Banking Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Symphony CLO XXIV Ltd.</name>
        <lei>5493007X3UVVYJ005O73</lei>
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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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        <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>Venture 33 CLO Ltd.</name>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Glencore Funding LLC</name>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <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>
        <cusip>44891ABJ5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-06</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Protective Life Global Funding</name>
        <lei>635400EVYITCJYWL2I50</lei>
        <title>Protective Life Global Funding</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-09</maturityDt>
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        <name>TWDC Enterprises 18 Corp.</name>
        <lei>7260JQNI6SCF9FIV2392</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>2.35000000</annualizedRt>
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        <name>National Australia Bank Ltd.</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>National Australia Bank Ltd.</title>
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        <balance>5600000.00000000</balance>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-20</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Southwick Park CLO LLC</name>
        <lei>N/A</lei>
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        <balance>15000000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-20</maturityDt>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.08128880</annualizedRt>
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      <invstOrSec>
        <name>Phillips 66</name>
        <lei>5493005JBO5YSIGK1814</lei>
        <title>Phillips 66</title>
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        <balance>534000.00000000</balance>
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        <valUSD>535424.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <name>NatWest Group plc</name>
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        <balance>9400000.00000000</balance>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
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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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          <maturityDt>2023-06-15</maturityDt>
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        <name>GlaxoSmithKline Capital plc</name>
        <lei>549300U0LV41VX7LEP38</lei>
        <title>GlaxoSmithKline Capital plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Octagon Investment Partners 30 Ltd.</name>
        <lei>549300CDNDWWERRAUA43</lei>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-18</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Standard Chartered Bank</name>
        <lei>RILFO74KP1CM8P6PCT96</lei>
        <title>Standard Chartered Bank</title>
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        <name>MUFG Union Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni Finance USA, Inc.</name>
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        <name>US Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Atmos Energy Corp.</name>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HSBC USA, Inc.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-06</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>American Express Co.</name>
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        <invCountry>US</invCountry>
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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>BMW Vehicle Lease Trust</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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        <name>LCM 29 Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <name>Standard Chartered plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.31900040</annualizedRt>
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        <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>22746208.23000000</valUSD>
        <pctVal>0.121727029962</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>4530468.93000000</valUSD>
        <pctVal>0.024244943227</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>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00287YCT4</cusip>
        <identifiers>
          <isin value="US00287YCT47"/>
        </identifiers>
        <balance>10451000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10520608.05000000</valUSD>
        <pctVal>0.056301356180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>46619441.04000000</valUSD>
        <pctVal>0.249485366480</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="164010.38000000"/>
        </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>3063753.18000000</valUSD>
        <pctVal>0.016395768972</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="125625.50000000"/>
        </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>2640062.39000000</valUSD>
        <pctVal>0.014128374733</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>26027174.95000000</valUSD>
        <pctVal>0.139285223846</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>2022-03-30</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>
</edgarSubmission>
