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        <name>Eversource Energy</name>
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        <name>Athene Global Funding</name>
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        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CarVal CLO Ltd.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Entergy Corp.</name>
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        <name>BMW US Capital LLC</name>
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        <name>DTE Electric Co.</name>
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        <name>Porsche Financial Auto Securitization Trust</name>
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        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pricoa Global Funding I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>HSBC Holdings plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westlake Corp.</name>
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        <title>Westlake Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Principal Financial Group, Inc.</name>
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        <name>UBS AG</name>
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        <name>Volkswagen Auto Loan Enhanced Trust</name>
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        <name>Wheels Fleet Lease Funding LLC</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Ballyrock CLO Ltd.</name>
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        <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>Galaxy XXVI CLO Ltd.</name>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Power Fuel Securitization LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Transurban Finance Co. Pty. Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GM Financial Automobile Leasing Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Bank USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-18</maturityDt>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <balance>52355000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.19300000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <balance>135000000.00000000</balance>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>Mead Johnson Nutrition Co.</name>
        <lei>E4BJRFT3MF4GJDY1SC50</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Teledyne Technologies, Inc.</name>
        <lei>549300VSMO9KYQWDND94</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-28</maturityDt>
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        <name>SBNA Auto Lease Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cox Communications, Inc.</name>
        <lei>5493001NEDZNIFRP2R92</lei>
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        <invCountry>US</invCountry>
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        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>Sumitomo Mitsui Trust Bank Ltd.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214FR9</cusip>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <name>SBNA Auto Lease Trust</name>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <name>McCormick &amp; Co., Inc.</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>Capital One Prime Auto Receivables Trust</name>
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        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Express Co.</name>
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        <name>CRH SMW Finance DAC</name>
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        <name>Hyundai Auto Lease Securitization Trust</name>
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        <name>Brighthouse Financial Global Funding</name>
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        <name>Advanced Micro Devices, Inc.</name>
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        <name>EIDP, Inc.</name>
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        <name>Hyundai Capital America</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <name>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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        <name>TCI-Symphony CLO Ltd.</name>
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        <name>Societe Generale SA</name>
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        <name>Crown Castle, Inc.</name>
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        <name>Citibank Credit Card Issuance Trust</name>
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        <name>Macquarie Bank Ltd.</name>
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        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Credit Auto Owner Trust</name>
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          <maturityDt>2027-10-15</maturityDt>
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        <name>Mondelez International Holdings Netherlands BV</name>
        <lei>549300CW356R8I7N8D33</lei>
        <title>Mondelez International Holdings Netherlands BV</title>
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        <invCountry>NL</invCountry>

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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <name>Norinchukin BK NY BR</name>
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        <title>Norinchukin Bank (The)</title>
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        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
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        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
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        <invCountry>KY</invCountry>

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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Archer-Daniels-Midland Co.</name>
        <lei>549300LO13MQ9HYSTR83</lei>
        <title>Archer-Daniels-Midland Co.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-11</maturityDt>
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        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr. Pepper, Inc.</title>
        <cusip>26138EAS8</cusip>
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        <balance>9380000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Toronto-Dominion Bank</name>
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        <name>Ally Auto Receivables Trust</name>
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        <name>DZ Bank AG</name>
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        <name>Toyota Lease Owner Trust</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Santander UK Group Holdings plc</name>
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        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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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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          <maturityDt>2027-01-22</maturityDt>
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          <annualizedRt>0.94900000</annualizedRt>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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          <isin value="US06368L8K50"/>
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        <balance>76330000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-10</maturityDt>
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          <annualizedRt>4.56700000</annualizedRt>
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      <invstOrSec>
        <name>BMW Vehicle Lease Trust</name>
        <lei>N/A</lei>
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          <isin value="US05611UAD54"/>
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        <balance>6845000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.98000000</annualizedRt>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell Equipment Finance Trust</name>
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          <isin value="US24703GAC87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-24</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-28</maturityDt>
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          <annualizedRt>5.90000000</annualizedRt>
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        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
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        <cusip>69702HAA6</cusip>
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          <isin value="US69702HAA68"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <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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        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <name>Galaxy XX CLO Ltd.</name>
        <lei>549300S1CAKZT00VQL17</lei>
        <title>Galaxy CLO Ltd., Series 2015-20A, Class AR</title>
        <cusip>36320MAL2</cusip>
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        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <balance>7029000.00000000</balance>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Mercedes-Benz Auto Lease Trust</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.82700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Galaxy XXII CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR Financial CLO Ltd.</name>
        <lei>549300ZUUB37M3VWNC17</lei>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
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        <name>Citibank NA</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>First Abu Dhabi Bank PJSC</name>
        <lei>2138002Y3WMK6RZS8H90</lei>
        <title>First Abu Dhabi Bank PJSC</title>
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        <name>HSBC USA, Inc.</name>
        <lei>549300LBOHZ4QSIWU288</lei>
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        <name>Zimmer Biomet Holdings, Inc.</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>Zimmer Biomet Holdings, Inc.</title>
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        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARLYLE US CLO Ltd.</name>
        <lei>N/A</lei>
        <title>CARLYLE US CLO Ltd., Series 2018-2A, Class A1R</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
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          <annualizedRt>5.40609840</annualizedRt>
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        <name>ERAC USA Finance LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
        <title>ERAC USA Finance LLC</title>
        <cusip>26884TAR3</cusip>
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      <invstOrSec>
        <name>ARI Fleet Lease Trust</name>
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        <name>Daimler Truck Finance North America LLC</name>
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        <name>ONEOK, Inc.</name>
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        <name>Standard Chartered Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia-Pacific LLC</name>
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        <name>Bank of America NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</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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        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Starbucks Corp.</name>
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        <name>CCG Receivables Trust</name>
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        <name>BA Credit Card Trust</name>
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        <name>UBS Group AG</name>
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        <name>Magnetite XV Ltd.</name>
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        <name>Nomura Holdings, Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
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        <invCountry>JP</invCountry>
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        <name>Shinhan Bank</name>
        <lei>5493003P813VL21KG928</lei>
        <title>Shinhan Bank</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Johnson Controls International plc</name>
        <lei>549300XQ6S1GYKGBL205</lei>
        <title>Johnson Controls International plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-14</maturityDt>
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        <name>Amgen, Inc.</name>
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        <title>Amgen, Inc.</title>
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        <name>NatWest Group plc</name>
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        <name>Westpac Banking Corp.</name>
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        <name>European Investment Bank</name>
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        <name>Southwestern Electric Power Co.</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Mitsubishi UFJ Trust &amp; Banking Corp.</name>
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        <name>Symphony CLO XX Ltd.</name>
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        <name>Royal Bank of Canada</name>
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        <name>American Tower Corp.</name>
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        <name>Mizuho Bank Ltd.</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>BPCE SA</name>
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        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>549300QKM4OHZM4I5C40</lei>
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        <name>ONEOK, Inc.</name>
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        <name>Schlumberger Holdings Corp.</name>
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        <name>Buttermilk Park CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>New York Life Global Funding</name>
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        <name>Enel Finance International NV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>American Tower Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <name>Omnicom Group, Inc.</name>
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        <name>Chesapeake Funding II LLC</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>LSEGA Financing plc</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>Hyundai Auto Lease Securitization Trust</name>
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        <name>Amur Equipment Finance Receivables XIV LLC</name>
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        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
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        <invCountry>US</invCountry>
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        <name>Bunge Ltd. Finance Corp.</name>
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        <name>Symphony CLO XIX Ltd.</name>
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        <name>Westpac New Zealand Ltd.</name>
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        <name>Healthpeak OP LLC</name>
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        <name>Elmwood CLO Ltd.</name>
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        <name>Principal Life Global Funding II</name>
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        <name>Hyundai Capital America</name>
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        <name>First Abu Dhabi Bank PJSC</name>
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        <name>Welltower OP LLC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Dryden 49 Senior Loan Fund</name>
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        <name>Dryden CLO Ltd.</name>
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        <name>Standard Chartered Bank</name>
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        <name>BPCE SA</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>Verizon Master Trust</name>
        <lei>5493007MUBNP1GFMEB89</lei>
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        <name>Nutrien Ltd.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>UBS AG</name>
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        <name>Telstra Group Ltd.</name>
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        <name>Republic Services, Inc.</name>
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        <name>CSX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Australia Bank Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mizuho Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>T-Mobile USA, Inc.</name>
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        <name>TWDC Enterprises 18 Corp.</name>
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        <name>Bank of Montreal</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Bank of New York Mellon (The)</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>ING Groep NV</name>
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        <name>Pacific Life Global Funding II</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Exelon Corp.</name>
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        <name>Discover Card Execution Note Trust</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>KeyBank NA</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>MPLX LP</name>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Auto Lease Securitization Trust</name>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>Reliance Standard Life Global Funding II</name>
        <lei>N/A</lei>
        <title>Reliance Standard Life Global Funding II</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-02</maturityDt>
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        <name>L3Harris Technologies, Inc.</name>
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        <title>L3Harris Technologies, Inc.</title>
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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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        <name>Barclays plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-10</maturityDt>
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        <name>Westpac Banking Corp.</name>
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        <name>Principal Life Global Funding II</name>
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        <name>NatWest Group plc</name>
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        <name>Lowe's Cos., Inc.</name>
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        <title>Lowe's Cos., Inc.</title>
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        <name>Octagon Investment Partners 35 Ltd.</name>
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        <name>AbbVie, Inc.</name>
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        <name>American Tower Corp.</name>
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        <name>Citigroup Global Markets, Inc.</name>
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        <name>UBS Group AG</name>
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        <title>UBS Group AG</title>
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          <maturityDt>2027-08-10</maturityDt>
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      <invstOrSec>
        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-20</maturityDt>
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      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust, Series 2024-1, Class A2A</title>
        <cusip>36268GAB1</cusip>
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          <isin value="US36268GAB14"/>
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        <balance>9260058.03000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-16</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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          <isin value="US06738ECF07"/>
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        <balance>92223000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-09</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Prime Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Capital One Prime Auto Receivables Trust, Series 2022-2, Class A4</title>
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          <isin value="US14043GAE44"/>
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        <balance>5715000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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          <isin value="US44891ADK07"/>
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        <balance>32000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ares XXXVII CLO Ltd.</name>
        <lei>635400YF4AHA6NB2CU53</lei>
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          <isin value="US04015NAN49"/>
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        <balance>15410389.79000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
        <cusip>87264ABZ7</cusip>
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          <isin value="US87264ABZ75"/>
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        <balance>13875000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LCM XIV LP</name>
        <lei>549300NGJ6CPPJRPGL08</lei>
        <title>LCM LP, Series 14A, Class AR</title>
        <cusip>50184VAR5</cusip>
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          <isin value="US50184VAR50"/>
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        <balance>5531456.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5532844.49000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57107920</annualizedRt>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <balance>7400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-08</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newark BSL CLO 2 Ltd.</name>
        <lei>N/A</lei>
        <title>Newark BSL CLO Ltd., Series 2017-1A, Class A1R</title>
        <cusip>65023PAN0</cusip>
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        <balance>36651332.90000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.51337840</annualizedRt>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
        <cusip>04685A3S8</cusip>
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          <isin value="US04685A3S83"/>
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        <balance>4710000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-23</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
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        <balance>19103000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-11</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>28622HAA9</cusip>
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          <isin value="US28622HAA95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83368RAZ5</cusip>
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        <balance>105414000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103436084.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.48800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mercedes-Benz Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>Mercedes-Benz Finance North America LLC</title>
        <cusip>58769JAJ6</cusip>
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          <isin value="US58769JAJ60"/>
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        <balance>15710000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Tesla Auto Lease Trust, Series 2024-A, Class A2A</title>
        <cusip>88166VAB2</cusip>
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          <isin value="US88166VAB27"/>
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        <balance>6299879.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6304744.33000000</valUSD>
        <pctVal>0.020269809882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YET8</cusip>
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          <isin value="US61747YET82"/>
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        <balance>12488000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12486320.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.67900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>World Omni Auto Receivables Trust</name>
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      <invstOrSec>
        <name>Santander UK Group Holdings plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CNO Global Funding</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyundai Capital America</name>
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        <name>Jackson National Life Global Funding</name>
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        <name>BAT International Finance plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TD SYNNEX Corp.</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>TD SYNNEX Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CNH Industrial Capital LLC</name>
        <lei>549300PNSJ5B81UMVO28</lei>
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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>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
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        <name>Cencora, Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>PPG Industries, Inc.</name>
        <lei>549300BKPEP01R3V6C59</lei>
        <title>PPG Industries, Inc.</title>
        <cusip>693506BU0</cusip>
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        <name>American Tower Corp.</name>
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        <name>Mizuho Bank Ltd.</name>
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        <name>Credit Agricole SA</name>
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        <name>Citigroup, Inc.</name>
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        <name>Daimler Truck Finance North America LLC</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>Hyundai Auto Receivables Trust</name>
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        <name>Honeywell International, Inc.</name>
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        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>Hyundai Auto Receivables Trust</name>
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      <invstOrSec>
        <name>CNH Equipment Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Agricole Corporate and Investment Bank</name>
        <lei>254900BN8XS34XZDJ223</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust</name>
        <lei>N/A</lei>
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          <isin value="US98164TAB89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
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          <isin value="US74977RDL50"/>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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      <invstOrSec>
        <name>UBS AG</name>
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        <balance>4183000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>American Express Credit Account Master Trust</name>
        <lei>549300Y4SA5G3GIJTP18</lei>
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        <cusip>02582JJV3</cusip>
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          <isin value="US02582JJV35"/>
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        <balance>63195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63093382.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp.</title>
        <cusip>756109BF0</cusip>
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          <isin value="US756109BF09"/>
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        <balance>5562000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5574526.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
        <cusip>863667AH4</cusip>
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        <balance>4676000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4651891.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Landesbank Baden-Wuerttemberg</name>
        <lei>B81CK4ESI35472RHJ606</lei>
        <title>Landesbank Baden-Wurttemberg</title>
        <cusip>51501YLV2</cusip>
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          <isin value="US51501YLV29"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500349.95000000</valUSD>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02000000</annualizedRt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XCY9</cusip>
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        <balance>56807000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57367080.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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        <name>Southwestern Electric Power Co.</name>
        <lei>R64UBJHEC74EB3HGQ410</lei>
        <title>Southwestern Electric Power Co., Series N</title>
        <cusip>845437BS0</cusip>
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        <balance>1562000.00000000</balance>
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        <valUSD>1524508.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>09659W2Q6</cusip>
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        <balance>8603000.00000000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-30</maturityDt>
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          <annualizedRt>1.67500000</annualizedRt>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <balance>1625000.00000000</balance>
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        <name>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard SA</title>
        <cusip>714264AM0</cusip>
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        <balance>69144000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
        <cusip>13607PHT4</cusip>
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        <balance>72048000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71935477.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50800000</annualizedRt>
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        <securityLending>
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        <name>Astrazeneca Finance LLC</name>
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        <name>Symphony CLO Ltd.</name>
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        <name>DNB Bank ASA</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>ING Groep NV</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>NatWest Markets plc</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <name>Shinhan Bank</name>
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        <name>Essex Portfolio LP</name>
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        <name>Goldman Sachs Bank USA</name>
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        <name>Magna International, Inc.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Raytheon Technologies Corp.</name>
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        <name>Global Payments, Inc.</name>
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        <title>Global Payments, Inc.</title>
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        <name>Ally Auto Receivables Trust</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Mizuho Bank Ltd.</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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        <invCountry>US</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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        <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>BMW US Capital LLC</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Dryden Senior Loan Fund</name>
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        <name>Toronto-Dominion Bank</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>NTT Finance Corp.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <invCountry>NL</invCountry>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <invCountry>FR</invCountry>
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        <name>Philip Morris International, Inc.</name>
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        <name>National Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO XXIV</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>Duke Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marble Point CLO XV Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-23</maturityDt>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-24</maturityDt>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CGI, Inc.</name>
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        <title>CGI, Inc.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.40000000</annualizedRt>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S</title>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <invCountry>ES</invCountry>
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        <name>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
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        <name>Fifth Third Bancorp</name>
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        <name>SCF Equipment Trust LLC</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.82000000</annualizedRt>
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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>106829000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.86200000</annualizedRt>
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        <name>Wells Fargo Bank NA</name>
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      <invstOrSec>
        <name>National Grid North America, Inc.</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>Wells Fargo Bank NA</name>
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        <name>ICG US CLO Ltd.</name>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>AmeriCredit Automobile Receivables Trust</name>
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        <name>Dryden 30 Senior Loan Fund</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Standard Chartered Bank</name>
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        <name>Porsche Innovative Lease Owner Trust</name>
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        <name>Sonoco Products Co.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>WEC Energy Group, Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
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        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S</title>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Entergy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volkswagen Auto Lease Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCF Equipment Leasing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kookmin Bank</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ally Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITC Holdings Corp.</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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      <invstOrSec>
        <name>Capital One Prime Auto Receivables Trust</name>
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        <name>Pacific Life Global Funding II</name>
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        <name>Met Tower Global Funding</name>
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        <name>Societe Generale SA</name>
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        <name>Bank of Nova Scotia (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding</title>
        <cusip>00138CAY4</cusip>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
        <cusip>639057AC2</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Life Global Funding</name>
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      <invstOrSec>
        <name>Ford Credit Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Daimler Truck Finance North America LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-07</maturityDt>
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        <name>Credit Agricole Corporate and Investment Bank</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-18</maturityDt>
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      <invstOrSec>
        <name>KKR CLO 21 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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      <invstOrSec>
        <name>Barclays Bank plc</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-09</maturityDt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Penske Truck Leasing Co. LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell International LLC</name>
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          <maturityDt>2026-06-15</maturityDt>
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        <name>Corebridge Global Funding</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
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        <name>World Omni Auto Receivables Trust</name>
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        <name>Commonwealth Bank of Australia</name>
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        <name>ANZ New Zealand Int'l Ltd.</name>
        <lei>213800VD256NU2D97H12</lei>
        <title>ANZ New Zealand Int'l Ltd.</title>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.25000000</annualizedRt>
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        <name>PPL Capital Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mercedes-Benz Auto Lease Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Principal Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Abu Dhabi Bank PJSC</name>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DNB Bank ASA</name>
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        <name>American Honda Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BP Capital Markets America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Telekom International Finance BV</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Aviation Capital Group LLC</name>
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        <name>F&amp;G Global Funding</name>
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        <name>Danske Bank A/S</name>
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        <name>US Bancorp</name>
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        <name>Apidos CLO XXX</name>
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        <name>WEC Energy Group, Inc.</name>
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        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
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        <name>Phillips 66 Co.</name>
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        <name>Dollar General Corp.</name>
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        <name>Fifth Third Bank NA</name>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <name>Hyundai Capital America</name>
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        <name>Nationwide Building Society</name>
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        <name>Roche Holdings, Inc.</name>
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        <name>Stryker Corp.</name>
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        <invCountry>CA</invCountry>
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        <name>American Express Co.</name>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <name>Magnetite XXV Ltd.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Symphony CLO Ltd.</name>
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        <name>Toyota Motor Credit Corp.</name>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
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        <name>Madison Park Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dell International LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CNH Industrial Capital LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Holdings USA, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.45000000</annualizedRt>
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        <name>First Abu Dhabi Bank PJSC</name>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bayer US Finance II LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <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>BNP Paribas SA</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Energy Transfer LP</name>
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        <name>Bank of America Corp.</name>
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        <name>Toyota Auto Loan Extended Note Trust</name>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>Expedia Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA, Inc.</name>
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        <name>American Express Co.</name>
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        <name>THL Credit Wind River CLO Ltd.</name>
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        <name>CCG Receivables Trust</name>
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        <name>Elevance Health, Inc.</name>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <name>Global Payments, Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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          <annualizedRt>4.54000000</annualizedRt>
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      <invstOrSec>
        <name>Enel Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International NV</title>
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        <curCd>USD</curCd>
        <valUSD>4837968.29000000</valUSD>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-12</maturityDt>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-13</maturityDt>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy, Inc., Series A</title>
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          <isin value="US25746UDJ51"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>635400C39IXGGYE6DH05</lei>
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        <identifiers>
          <isin value="US03765YBG89"/>
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        <curCd>USD</curCd>
        <valUSD>58782654.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
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        <name>Kroger Co. (The)</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>Kroger Co. (The)</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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        <name>Diageo Capital plc</name>
        <lei>213800L23DJLALFC4O95</lei>
        <title>Diageo Capital plc</title>
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        <balance>5570000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
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        <balance>5708000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Mercedes-Benz Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Mercedes-Benz Auto Lease Trust, Series 2024-B, Class A3</title>
        <cusip>58769GAD5</cusip>
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        <balance>35070000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.23000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
        <cusip>37045VAV2</cusip>
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          <isin value="US37045VAV27"/>
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        <balance>54422000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3029588.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.27200000</annualizedRt>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VCE1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <name>Credit Industriel et Commercial</name>
        <lei>N4JDFKKH2FTD8RKFXO39</lei>
        <title>Credit Industriel et Commercial</title>
        <cusip>22536WJM9</cusip>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <name>Neuberger Berman CLO XV</name>
        <lei>549300UTI4Y2IA4RUP16</lei>
        <title>Neuberger Berman CLO, Series 2013-15A, Class A1R2</title>
        <cusip>64129KBE6</cusip>
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          <isin value="US64129KBE64"/>
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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>2029-10-15</maturityDt>
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          <annualizedRt>5.43771000</annualizedRt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XDD5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
        <cusip>639057AG3</cusip>
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        <balance>14083000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14244742.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.47200000</annualizedRt>
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      <invstOrSec>
        <name>Mizuho Bank Ltd.</name>
        <lei>RB0PEZSDGCO3JS6CEU02</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-20</maturityDt>
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          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>DuPont de Nemours, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AEGON Funding Co. LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Westpac Banking Corp.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Master Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BMW Vehicle Lease Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR CLO Ltd.</name>
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        <name>Georgia-Pacific LLC</name>
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        <name>BNP Paribas SA</name>
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        <name>Interstate Power and Light Co.</name>
        <lei>EF9UQIIO4KY2BWOK3P26</lei>
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        <name>Landesbank Baden-Wuerttemberg</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dllad LLC</name>
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        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Brambles USA, Inc.</name>
        <lei>549300ELM3HO6HFZSW59</lei>
        <title>Brambles USA, Inc.</title>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>National Bank of Canada</name>
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        <name>Nissan Auto Receivables Owner Trust</name>
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        <name>CNH Equipment Trust</name>
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        <name>Alphabet, Inc.</name>
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        <name>Daimler Truck Finance North America LLC</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <name>UBS Group AG</name>
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        <name>State Street Bank &amp; Trust Co.</name>
        <lei>571474TGEMMWANRLN572</lei>
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      <invstOrSec>
        <name>SBNA Auto Lease Trust</name>
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        <name>Societe Generale SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan U.S. Government Money Market Fund</name>
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          <isin value="US4812C22704"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellation Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc.</title>
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          <isin value="US015271AP43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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        <name>Chevron Phillips Chemical Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>LCM XXIV Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-20</maturityDt>
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          <annualizedRt>5.51108160</annualizedRt>
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        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>Extra Space Storage LP</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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        <balance>535000.00000000</balance>
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        <name>Banco Santander SA</name>
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        <invCountry>ES</invCountry>
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        <name>ING US Funding LLC</name>
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        <name>Truist Bank</name>
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        <name>Credit Agricole Corporate and Investment Bank</name>
        <lei>254900BN8XS34XZDJ223</lei>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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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>NXP BV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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        <name>Danone SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Rio Tinto Finance USA plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Public Service Co.</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>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Auto Loan Enhanced Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM 26 Ltd.</name>
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        <name>Newark BSL CLO 1 Ltd.</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pioneer Natural Resources Co.</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>CarVal CLO I Ltd.</name>
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        <name>Capital One Financial Corp.</name>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Credit Agricole SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO</name>
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        <name>Banco Bilbao Vizcaya Argentaria SA</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>CIFC Funding Ltd.</name>
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        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>National Bank of Canada</name>
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        <name>Commonwealth Bank of Australia</name>
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        <name>Broadcom, Inc.</name>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <name>Southern Co. (The)</name>
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        <name>Greenwood Park CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>Ecolab, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ACS4</cusip>
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        <balance>7000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-03</maturityDt>
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          <annualizedRt>5.64339600</annualizedRt>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>Bank of Montreal</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Bank of Montreal</name>
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        <name>Cigna Group (The)</name>
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        <name>DTE Energy Co.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>Hyundai Capital America</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>MassMutual Global Funding II</name>
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        <name>Altria Group, Inc.</name>
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        <name>Nomura Holdings, Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>Nomura Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep NV</name>
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        <name>McCormick &amp; Co., Inc.</name>
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        <name>State Street Corp.</name>
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        <name>Svenska Handelsbanken AB</name>
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        <name>Credit Agricole SA</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>Canadian National Railway Co.</name>
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        <name>Bank of America NA</name>
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        <name>Tyco Electronics Group SA</name>
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        <name>POSCO</name>
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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
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        <name>Bank of New Zealand</name>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>Dell Equipment Finance Trust</name>
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        <name>Mercedes-Benz Finance North America LLC</name>
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        <name>Brookfield Corporate Treasury 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>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>Toronto-Dominion Bank (The)</name>
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        <title>Toronto-Dominion Bank (The)</title>
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        <invCountry>CA</invCountry>
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        <name>Hyundai Auto Lease Securitization Trust</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Wells Fargo Securities LLC</name>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <invCountry>CA</invCountry>
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        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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        <debtSec>
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        <name>Gm Financial Automobile Leasing Trust</name>
        <lei>N/A</lei>
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        <cusip>362962AB8</cusip>
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        <balance>36260000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <name>Cigna Group (The)</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Group (The)</title>
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        <balance>2663000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2593965.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Ford Credit Auto Lease Trust</name>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <name>Constellation Brands, Inc.</name>
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        <name>Reckitt Benckiser Treasury Services plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <name>Nomura Holdings, Inc.</name>
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        <name>KeyBank NA</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Citibank NA</name>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Daimler Truck Finance North America LLC</name>
        <lei>5493003HSDTSCZRXBA58</lei>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
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        <name>Lloyds Bank Corporate Markets plc</name>
        <lei>213800MBWEIJDM5CU638</lei>
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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>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Diageo Capital plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>Crown Castle, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sydney Airport Finance Co. Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reynolds American, Inc.</name>
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        <name>Standard Chartered Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Crown Castle, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>ING Groep NV</name>
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        <name>Sumitomo Mitsui Trust Bank Ltd.</name>
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        <title>Sumitomo Mitsui Trust Bank Ltd.</title>
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        <name>BPCE SA</name>
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        <title>BPCE SA</title>
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        <name>Hyundai Capital America</name>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <name>Westpac New Zealand Ltd.</name>
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        <name>KKR Static CLO Ltd.</name>
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        <name>BPCE SA</name>
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        <name>RTX Corp.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>UBS Group AG</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>Equitable Financial Life Global Funding</name>
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        <name>Neuberger Berman Loan Advisers CLO 40 Ltd.</name>
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        <name>Danske Bank A/S</name>
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        <name>Equitable Financial Life Global Funding</name>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>BPCE SA</name>
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        <name>US Bank NA</name>
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        <name>Ford Credit Auto Lease Trust</name>
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        <name>Capital One Prime Auto Receivables Trust</name>
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        <name>Morgan Stanley Bank NA</name>
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        <name>Nomura Holdings, Inc.</name>
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        <name>Brighthouse Financial Global Funding</name>
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        <name>HSBC USA, Inc.</name>
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        <name>Madison Park Funding LII Ltd.</name>
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        <name>Swedbank AB</name>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
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      <invstOrSec>
        <name>Tyson Foods, Inc.</name>
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        <name>Jefferies Financial Group, Inc.</name>
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        <name>Dell Equipment Finance Trust</name>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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      <invstOrSec>
        <name>RTX Corp.</name>
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        <name>Glencore Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO Ltd.</name>
        <lei>2549002RK7W6TK0Q0E16</lei>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
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      <invstOrSec>
        <name>Equitable Financial Life Global Funding</name>
        <lei>635400B4JJBON4TCHF02</lei>
        <title>Equitable Financial Life Global Funding</title>
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        <name>DNB Bank ASA</name>
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        <name>Mizuho Bank Ltd.</name>
        <lei>RB0PEZSDGCO3JS6CEU02</lei>
        <title>Mizuho Bank Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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      <invstOrSec>
        <name>Dover Corp.</name>
        <lei>549300FMC2ALGA7N9E80</lei>
        <title>Dover Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-11-15</maturityDt>
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        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978VAK9</cusip>
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        <balance>183000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Greenwood Park CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Greenwood Park CLO Ltd., Series 2018-1A, Class A1</title>
        <cusip>39729RAA6</cusip>
        <identifiers>
          <isin value="US39729RAA68"/>
        </identifiers>
        <balance>533336.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533584.15000000</valUSD>
        <pctVal>0.001715477854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.54771160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia (The)</title>
        <cusip>0641598K5</cusip>
        <identifiers>
          <isin value="US0641598K52"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2885978.04000000</valUSD>
        <pctVal>0.009278445426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
        <cusip>86562MCA6</cusip>
        <identifiers>
          <isin value="US86562MCA62"/>
        </identifiers>
        <balance>1005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001940.95000000</valUSD>
        <pctVal>0.003221249190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.47400000</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>TTX Co.</name>
        <lei>549300I8CNSYS1OGX775</lei>
        <title>TTX Co.</title>
        <cusip>87305QCQ2</cusip>
        <identifiers>
          <isin value="US87305QCQ29"/>
        </identifiers>
        <balance>5705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5768503.50000000</valUSD>
        <pctVal>0.018545790777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XBM6</cusip>
        <identifiers>
          <isin value="US68389XBM65"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2937144.54000000</valUSD>
        <pctVal>0.009442946185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</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>SBNA Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>SBNA Auto Lease Trust, Series 2024-A, Class A3</title>
        <cusip>78414SAE4</cusip>
        <identifiers>
          <isin value="US78414SAE46"/>
        </identifiers>
        <balance>46342993.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46437148.78000000</valUSD>
        <pctVal>0.149295852135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.39000000</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>LCM 29 Ltd.</name>
        <lei>N/A</lei>
        <title>LCM Ltd., Series 29A, Class AR</title>
        <cusip>50201MAQ6</cusip>
        <identifiers>
          <isin value="US50201MAQ69"/>
        </identifiers>
        <balance>5524251.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5528195.58000000</valUSD>
        <pctVal>0.017773198647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58771120</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>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills, Inc.</title>
        <cusip>370334CX0</cusip>
        <identifiers>
          <isin value="US370334CX03"/>
        </identifiers>
        <balance>7335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7364293.64000000</valUSD>
        <pctVal>0.023676270469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</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>Voya CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd., Series 2017-3A, Class XR</title>
        <cusip>92915QAS2</cusip>
        <identifiers>
          <isin value="US92915QAS21"/>
        </identifiers>
        <balance>761905.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>761838.06000000</valUSD>
        <pctVal>0.002449316233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.38107840</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>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>89115A2K7</cusip>
        <identifiers>
          <isin value="US89115A2K70"/>
        </identifiers>
        <balance>5295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5308610.27000000</valUSD>
        <pctVal>0.017067229895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10300000</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>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RGH9</cusip>
        <identifiers>
          <isin value="US00206RGH93"/>
        </identifiers>
        <balance>9695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9860568.79000000</valUSD>
        <pctVal>0.031701817590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
