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        <name>Equinor ASA</name>
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        <title>EQUINOR ASA COMMON STOCK NOK2.5</title>
        <cusip>713360907</cusip>
        <identifiers>
          <isin value="NO0010096985"/>
          <ticker value="EQNR NO"/>
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        <balance>3914</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.5207"/>
        <valUSD>103363.76</valUSD>
        <pctVal>0.0729784796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coal India Limited</name>
        <lei>N/A</lei>
        <title>COAL INDIA LTD COMMON STOCK INR10.0</title>
        <cusip>ACI00AD24</cusip>
        <identifiers>
          <isin value="INE522F01014"/>
          <ticker value="COAL IN"/>
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        <balance>66799</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.4725"/>
        <valUSD>308988.85</valUSD>
        <pctVal>0.2181570840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO-BOBL FUTURE 0625</name>
        <lei>N/A</lei>
        <title>EURO-BOBL FUTURE 0625</title>
        <cusip>ADI2RGN09</cusip>
        <identifiers>
          <isin value="DE000F1B2NH5"/>
          <ticker value="OEM5"/>
        </identifiers>
        <balance>8</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>2252.5634912139</valUSD>
        <pctVal>0.0015903897</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>EUREX ZURICH</counterpartyName>
              <counterpartyLei>529900LN3S50JPU47S06</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Euro-bobl 5yr 6%</issuerName>
                <issueTitle>Euro-bobl 5yr 6%</issueTitle>
                <identifiers>
                  <other otherDesc="NOTIONAL BOND" value="Euro-bobl 5yr 6%"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-06-06</expDate>
            <notionalAmt>-944083.200000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>2252.563491213900</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AAC Technologies Holdings Inc.</name>
        <lei>N/A</lei>
        <title>AAC TECHNOLOGIES HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>B85LKS908</cusip>
        <identifiers>
          <isin value="KYG2953R1149"/>
          <ticker value="2018 HK"/>
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        <balance>22221</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78145"/>
        <valUSD>135574.37</valUSD>
        <pctVal>0.0957203123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canary Wharf Group Investment Holdings PLC</name>
        <lei>N/A</lei>
        <title>CANARY WHARF GROUP INVESTMENT SR SECURED REGS 04/28 3.375</title>
        <cusip>BO8280592</cusip>
        <identifiers>
          <isin value="XS2327414731"/>
          <ticker value="CWHARF"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>116351.3</valUSD>
        <pctVal>0.0821481433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AA Bond Co Limited</name>
        <lei>N/A</lei>
        <title>AA BOND CO LTD SR SECURED REGS 07/50 7.375</title>
        <cusip>BX4547523</cusip>
        <identifiers>
          <isin value="XS2491156902"/>
          <ticker value="AABOND"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>134148.17</valUSD>
        <pctVal>0.0947133646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000</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>Azelis Finance NV</name>
        <lei>N/A</lei>
        <title>AZELIS FINANCE NV SR UNSECURED REGS 09/29 4.75</title>
        <cusip>YV7667160</cusip>
        <identifiers>
          <isin value="BE6355549120"/>
          <ticker value="AZELIS"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>109864.61</valUSD>
        <pctVal>0.0775683102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</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>AGL CLO 16 LTD AGL 2021 16A ER 144A</name>
        <lei>N/A</lei>
        <title>AGL CLO 16 LTD AGL 2021 16A ER 144A</title>
        <cusip>00120MAC0</cusip>
        <identifiers>
          <isin value="US00120MAC01"/>
          <ticker value="AGL"/>
        </identifiers>
        <balance>495000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468989.73</valUSD>
        <pctVal>0.3311233785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.975200000000</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>Aegea Finance S.a.r.l.</name>
        <lei>N/A</lei>
        <title>AEGEA FINANCE SARL SR UNSECURED 144A 05/29 6.75</title>
        <cusip>00775CAB2</cusip>
        <identifiers>
          <isin value="US00775CAB28"/>
          <ticker value="AEGEBZ"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198414.34</valUSD>
        <pctVal>0.1400875593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</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>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCL CORP LTD COMPANY GUAR 02/27 2.5</title>
        <cusip>62886HBK6</cusip>
        <identifiers>
          <isin value="US62886HBK68"/>
          <ticker value="NCLH"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49350</valUSD>
        <pctVal>0.0348428498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>NCL Corp., Ltd.</name>
              <title>NCL Corp., Ltd.</title>
              <curCd>USD</curCd>
              <identifiers>
                <isin value="BMG667211046"/>
                <ticker value="NCLH"/>
                <other otherDesc="BLOOMBERG" value="EQ0096699900001000"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="28.976500000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nestle S.A.</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA COMMON STOCK CHF.1</title>
        <cusip>712387901</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN SW"/>
        </identifiers>
        <balance>2009</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.8847"/>
        <valUSD>203022.7</valUSD>
        <pctVal>0.1433412249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viking Cruises Ltd</name>
        <lei>N/A</lei>
        <title>VIKING CRUISES LTD COMPANY GUAR 144A 07/31 9.125</title>
        <cusip>92676XAG2</cusip>
        <identifiers>
          <isin value="US92676XAG25"/>
          <ticker value="VIKCRU"/>
        </identifiers>
        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80109.83</valUSD>
        <pctVal>0.0565603805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.125000000000</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>Adient Global Holdings Ltd</name>
        <lei>N/A</lei>
        <title>ADIENT GLOBAL HOLDINGS LTD COMPANY GUAR 144A 02/33 7.5</title>
        <cusip>00687YAD7</cusip>
        <identifiers>
          <isin value="US00687YAD76"/>
          <ticker value="ADNT"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93630.34</valUSD>
        <pctVal>0.0661063399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC COMMON STOCK USD.0001</title>
        <cusip>031162100</cusip>
        <identifiers>
          <isin value="US0311621009"/>
          <ticker value="AMGN US"/>
        </identifiers>
        <balance>640</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199392</valUSD>
        <pctVal>0.1407778219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Company</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO COMMON STOCK USD.1</title>
        <cusip>110122108</cusip>
        <identifiers>
          <isin value="US1101221083"/>
          <ticker value="BMY US"/>
        </identifiers>
        <balance>12829</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>782440.71</valUSD>
        <pctVal>0.5524308846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woodside Energy Group Ltd</name>
        <lei>N/A</lei>
        <title>WOODSIDE ENERGY GROUP LTD COMMON STOCK</title>
        <cusip>980228100</cusip>
        <identifiers>
          <isin value="AU0000224040"/>
          <ticker value="WDS AU"/>
        </identifiers>
        <balance>10238</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>148736.89</valUSD>
        <pctVal>0.1050135182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Admiral Group plc</name>
        <lei>N/A</lei>
        <title>ADMIRAL GROUP PLC COMMON STOCK GBP.001</title>
        <cusip>B02J63904</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
          <ticker value="ADM LN"/>
        </identifiers>
        <balance>10686</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>394527.9</valUSD>
        <pctVal>0.2785506863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Partners L.P.</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>BUCKEYE PARTNERS LP SR UNSECURED 11/43 5.85</title>
        <cusip>118230AM3</cusip>
        <identifiers>
          <isin value="US118230AM30"/>
          <ticker value="BPL"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44206.64</valUSD>
        <pctVal>0.0312114553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.850000000000</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>Buckeye Partners L.P.</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>BUCKEYE PARTNERS LP SR UNSECURED 144A 07/29 6.875</title>
        <cusip>118230AV3</cusip>
        <identifiers>
          <isin value="US118230AV39"/>
          <ticker value="BPL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101653</valUSD>
        <pctVal>0.0717706224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avantor Funding Inc.</name>
        <lei>N/A</lei>
        <title>AVANTOR FUNDING INC COMPANY GUAR 144A 07/28 4.625</title>
        <cusip>05352TAA7</cusip>
        <identifiers>
          <isin value="US05352TAA79"/>
          <ticker value="AVTR"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96379.04</valUSD>
        <pctVal>0.0680470196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Partners L.P.</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>BUCKEYE PARTNERS LP SR UNSECURED 144A 02/30 6.75</title>
        <cusip>118230AW1</cusip>
        <identifiers>
          <isin value="US118230AW12"/>
          <ticker value="BPL"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75967.91</valUSD>
        <pctVal>0.0536360381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</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>Builders FirstSource Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC COMPANY GUAR 144A 03/30 5</title>
        <cusip>12008RAN7</cusip>
        <identifiers>
          <isin value="US12008RAN70"/>
          <ticker value="BLDR"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71682.08</valUSD>
        <pctVal>0.0506100901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Paychex Inc.</name>
        <lei>N/A</lei>
        <title>PAYCHEX INC COMMON STOCK USD.01</title>
        <cusip>704326107</cusip>
        <identifiers>
          <isin value="US7043261079"/>
          <ticker value="PAYX US"/>
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        <balance>2618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>403905.04</valUSD>
        <pctVal>0.2851712797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PennyMac Financial Services Inc.</name>
        <lei>N/A</lei>
        <title>PENNYMAC FINANCIAL SERVICES IN COMPANY GUAR 144A 02/29 4.25</title>
        <cusip>70932MAB3</cusip>
        <identifiers>
          <isin value="US70932MAB37"/>
          <ticker value="PFSI"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70058.51</valUSD>
        <pctVal>0.0494637922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Builders FirstSource Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC COMPANY GUAR 144A 02/32 4.25</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
          <ticker value="BLDR"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67096.24</valUSD>
        <pctVal>0.0473723245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>CIFC FUNDING 2013-IV LTD CIFC 2013 4A ER2 144A</name>
        <lei>N/A</lei>
        <title>CIFC FUNDING 2013-IV LTD CIFC 2013 4A ER2 144A</title>
        <cusip>12549HAN5</cusip>
        <identifiers>
          <isin value="US12549HAN52"/>
          <ticker value="CIFC"/>
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        <balance>495000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486326.61</valUSD>
        <pctVal>0.3433638306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>8.620970000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PennyMac Financial Services Inc.</name>
        <lei>N/A</lei>
        <title>PENNYMAC FINANCIAL SERVICES IN COMPANY GUAR 144A 02/33 6.875</title>
        <cusip>70932MAF4</cusip>
        <identifiers>
          <isin value="US70932MAF41"/>
          <ticker value="PFSI"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49687.5</valUSD>
        <pctVal>0.0350811368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Julius Baer Group Ltd.</name>
        <lei>N/A</lei>
        <title>JULIUS BAER GROUP LTD COMMON STOCK CHF.02</title>
        <cusip>B4R2R5908</cusip>
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          <ticker value="BAER SW"/>
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        <currencyConditional curCd="CHF" exchangeRt="0.8847"/>
        <valUSD>758178.51</valUSD>
        <pctVal>0.5353009111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PeopleCert Wisdom Issuer Plc</name>
        <lei>N/A</lei>
        <title>PEOPLECERT WISDOM ISSUER PLC SR SECURED REGS 09/26 5.75</title>
        <cusip>BQ7086573</cusip>
        <identifiers>
          <isin value="XS2370814043"/>
          <ticker value="PEOCER"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>108024.9</valUSD>
        <pctVal>0.0762694097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>Peach Property Finance GmbH</name>
        <lei>N/A</lei>
        <title>PEACH PROPERTY FINANCE GMBH SR UNSECURED REGS 11/25 4.375</title>
        <cusip>ZO9233867</cusip>
        <identifiers>
          <isin value="XS2247301794"/>
          <ticker value="PEANSW"/>
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        <balance>160000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>168791.18</valUSD>
        <pctVal>0.1191725580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Analog Devices Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC COMMON STOCK USD.167</title>
        <cusip>032654105</cusip>
        <identifiers>
          <isin value="US0326541051"/>
          <ticker value="ADI US"/>
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        <balance>3013</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>607631.71</valUSD>
        <pctVal>0.4290095323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASHTON WOODS USA LLC / ASHTON SR UNSECURED 144A 08/29 4.625</name>
        <lei>N/A</lei>
        <title>ASHTON WOODS USA LLC / ASHTON SR UNSECURED 144A 08/29 4.625</title>
        <cusip>045086AM7</cusip>
        <identifiers>
          <isin value="US045086AM71"/>
          <ticker value="ASHWOO"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113131.38</valUSD>
        <pctVal>0.0798747656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto plc</name>
        <lei>N/A</lei>
        <title>RIO TINTO PLC COMMON STOCK GBP.1</title>
        <cusip>071887004</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
          <ticker value="RIO LN"/>
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        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>678775.14</valUSD>
        <pctVal>0.4792393165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY STRUCT FHMS K759 X3</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCT FHMS K759 X3</title>
        <cusip>3137HJZV2</cusip>
        <identifiers>
          <isin value="US3137HJZV20"/>
          <ticker value="FHMS"/>
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        <balance>1875891</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536409.34</valUSD>
        <pctVal>0.3787240137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.256602000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY STRUCT MSCR 2021 MN3 B1 144A</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY STRUCT MSCR 2021 MN3 B1 144A</title>
        <cusip>35563GAC3</cusip>
        <identifiers>
          <isin value="US35563GAC33"/>
          <ticker value="MSCR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530003.5</valUSD>
        <pctVal>0.3742012636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.189690000000</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>Rio Tinto Limited</name>
        <lei>N/A</lei>
        <title>RIO TINTO LTD COMMON STOCK</title>
        <cusip>622010007</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <ticker value="RIO AU"/>
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        <balance>3249</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>235746.86</valUSD>
        <pctVal>0.1664456421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimberly-Clark Corporation</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
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        <name>Microsoft Corporation</name>
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      <invstOrSec>
        <name>Asia Vital Components Co. Ltd.</name>
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        <name>GOLD TRIPARTY MORTGAGE REPO - 01Apr25</name>
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      <invstOrSec>
        <name>Owens-Brockway Glass Container Inc.</name>
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        <cusip>69073TAU7</cusip>
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        <name>Owens-Brockway Glass Container Inc.</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
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          <isin value="US69073TAV52"/>
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        <curCd>USD</curCd>
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        <name>Romania</name>
        <lei>N/A</lei>
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        <cusip>YQ7564442</cusip>
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          <ticker value="ROMANI"/>
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        <name>Rossini S.a r.l.</name>
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        <title>ROSSINI SARL SR SECURED REGS 12/29 6.75</title>
        <cusip>YW2572314</cusip>
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        <issuerCat>CORP</issuerCat>
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        <name>PACCAR Inc</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFIZER INC COMMON STOCK USD.05</title>
        <cusip>717081103</cusip>
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          <ticker value="PFE US"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Goldstory SAS</name>
        <lei>N/A</lei>
        <title>GOLDSTORY SAS SR SECURED REGS 02/30 6.75</title>
        <cusip>ZF6562655</cusip>
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          <isin value="XS2761223127"/>
          <ticker value="THOEUR"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARAMOUNT GLOBAL SR UNSECURED 04/36 6.875</title>
        <cusip>925524AX8</cusip>
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          <isin value="US925524AX89"/>
          <ticker value="PARA"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128239.21</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KONE Oyj</name>
        <lei>N/A</lei>
        <title>KONE OYJ COMMON STOCK</title>
        <cusip>B09M9D905</cusip>
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          <ticker value="KNEBV FH"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <name>Legal and General Group PLC</name>
        <lei>N/A</lei>
        <title>LEGAL and GENERAL GROUP PLC COMMON STOCK GBP.025</title>
        <cusip>056039902</cusip>
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          <isin value="GB0005603997"/>
          <ticker value="LGEN LN"/>
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        <pctVal>0.3851268234</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>LBM Acquisition LLC</name>
        <lei>N/A</lei>
        <title>LBM ACQUISITION LLC 2024 INCREMENTAL TERM LOAN B</title>
        <cusip>50179JAH1</cusip>
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          <ticker value="USLBMH"/>
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        <curCd>USD</curCd>
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        <pctVal>0.0649729130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI SA COMMON STOCK EUR2.0</title>
        <cusip>567173901</cusip>
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          <isin value="FR0000120578"/>
          <ticker value="SAN FP"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Bank Mandiri (Persero) Tbk.</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>BANK MANDIRI PERSERO TBK PT COMMON STOCK IDR125.0</title>
        <cusip>665104907</cusip>
        <identifiers>
          <isin value="ID1000095003"/>
          <ticker value="BMRI IJ"/>
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        <currencyConditional curCd="IDR" exchangeRt="16560"/>
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        <pctVal>0.0516330296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
        <title>PIEDMONT OPERATING PARTNERSHIP COMPANY GUAR 07/29 6.875</title>
        <cusip>720198AJ9</cusip>
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          <isin value="US720198AJ95"/>
          <ticker value="PDM"/>
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        <curCd>USD</curCd>
        <valUSD>103869.13</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PRPM 2024-8 LLC PRPM 2024 8 A2 144A</name>
        <lei>N/A</lei>
        <title>PRPM 2024-8 LLC PRPM 2024 8 A2 144A</title>
        <cusip>74448KAB6</cusip>
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          <isin value="US74448KAB61"/>
          <ticker value="PRPM"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400059.96</valUSD>
        <pctVal>0.2824565169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.836000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRPM 2024-7 LLC PRPM 2024 7 A2 144A</name>
        <lei>N/A</lei>
        <title>PRPM 2024-7 LLC PRPM 2024 7 A2 144A</title>
        <cusip>74448LAB4</cusip>
        <identifiers>
          <isin value="US74448LAB45"/>
          <ticker value="PRPM"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500044.6</valUSD>
        <pctVal>0.3530492179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.835000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Publichnoe Aktcionernoe Obshchestvo Sberbank Rossii</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA PJSC ADR</title>
        <cusip>80585Y308</cusip>
        <identifiers>
          <isin value="US80585Y3080"/>
          <ticker value="SBRCY US"/>
        </identifiers>
        <balance>3353</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Simon Property Group Inc.</name>
        <lei>N/A</lei>
        <title>SIMON PROPERTY GROUP INC REIT USD.0001</title>
        <cusip>828806109</cusip>
        <identifiers>
          <isin value="US8288061091"/>
          <ticker value="SPG US"/>
        </identifiers>
        <balance>1799</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>298777.92</valUSD>
        <pctVal>0.2109478054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BXP Inc.</name>
        <lei>549300OF70FSEUQBT254</lei>
        <title>BXP INC REIT USD.01</title>
        <cusip>101121101</cusip>
        <identifiers>
          <isin value="US1011211018"/>
          <ticker value="BXP US"/>
        </identifiers>
        <balance>8171</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>549009.49</valUSD>
        <pctVal>0.3876201664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC / CCO HOLDING SR UNSECURED 144A 08/30 4.5</title>
        <cusip>1248EPCE1</cusip>
        <identifiers>
          <isin value="US1248EPCE15"/>
          <ticker value="CHTR"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45515.36</valUSD>
        <pctVal>0.0321354580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>N/A</lei>
        <title>CAESARS ENTERTAINMENT INC COMPANY GUAR 144A 10/29 4.625</title>
        <cusip>12769GAA8</cusip>
        <identifiers>
          <isin value="US12769GAA85"/>
          <ticker value="CZR"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91913.17</valUSD>
        <pctVal>0.0648939570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>N/A</lei>
        <title>CAESARS ENTERTAINMENT INC COMPANY GUAR 144A 10/32 6</title>
        <cusip>12769GAD2</cusip>
        <identifiers>
          <isin value="US12769GAD25"/>
          <ticker value="CZR"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116733.68</valUSD>
        <pctVal>0.0824181172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE GLOBAL MARKET STRATEGI CGMS 2016 1A DR3 144A</name>
        <lei>N/A</lei>
        <title>CARLYLE GLOBAL MARKET STRATEGI CGMS 2016 1A DR3 144A</title>
        <cusip>14312KAS8</cusip>
        <identifiers>
          <isin value="US14312KAS87"/>
          <ticker value="CGMS"/>
        </identifiers>
        <balance>570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>570000</valUSD>
        <pctVal>0.4024402107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.55281</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CaixaBank S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CAIXABANK SA COMMON STOCK EUR1.0</title>
        <cusip>B283W9907</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
          <ticker value="CABK SM"/>
        </identifiers>
        <balance>15808</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>123140.06</valUSD>
        <pctVal>0.0869412486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Electronic (International) Company Limited</name>
        <lei>N/A</lei>
        <title>BYD ELECTRONIC INTERNATIONAL C COMMON STOCK</title>
        <cusip>B29SHS906</cusip>
        <identifiers>
          <isin value="HK0285041858"/>
          <ticker value="285 HK"/>
        </identifiers>
        <balance>27014</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78145"/>
        <valUSD>140849.83</valUSD>
        <pctVal>0.0994449742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Sage Group PLC.</name>
        <lei>N/A</lei>
        <title>SAGE GROUP PLC/THE COMMON STOCK GBP.01051948</title>
        <cusip>B8C3BL905</cusip>
        <identifiers>
          <isin value="GB00B8C3BL03"/>
          <ticker value="SGE LN"/>
        </identifiers>
        <balance>34988</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>549322.77</valUSD>
        <pctVal>0.3878413532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <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 COMMON STOCK USD.1</title>
        <cusip>370334104</cusip>
        <identifiers>
          <isin value="US3703341046"/>
          <ticker value="GIS US"/>
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        <balance>1566</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93631.14</valUSD>
        <pctVal>0.0661069048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TriNet Group Inc.</name>
        <lei>N/A</lei>
        <title>TRINET GROUP INC SR UNSECURED 144A 08/31 7.125</title>
        <cusip>896288AC1</cusip>
        <identifiers>
          <isin value="US896288AC18"/>
          <ticker value="TNET"/>
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        <balance>40000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40615.56</valUSD>
        <pctVal>0.0286760255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Parcel Service Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE INC COMMON STOCK USD.01</title>
        <cusip>911312106</cusip>
        <identifiers>
          <isin value="US9113121068"/>
          <ticker value="UPS US"/>
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        <balance>1540</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169384.6</valUSD>
        <pctVal>0.1195915335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTVS S.A.</name>
        <lei>N/A</lei>
        <title>TOTVS SA COMMON STOCK</title>
        <cusip>B10LQP908</cusip>
        <identifiers>
          <isin value="BRTOTSACNOR8"/>
          <ticker value="TOTS3 BZ"/>
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        <balance>15694</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.70645"/>
        <valUSD>91774.88</valUSD>
        <pctVal>0.0647963194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC MSCR TRUST MN8 MSCR 2024 MN8 M2 144A</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN8 MSCR 2024 MN8 M2 144A</title>
        <cusip>35563RAB1</cusip>
        <identifiers>
          <isin value="US35563RAB15"/>
          <ticker value="MSCR"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415007.72</valUSD>
        <pctVal>0.2930101654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.589690000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac Mscr Trust Mn6</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MSCR TRUST MN6 MSCR 2023 MN6 B1 144A</title>
        <cusip>355920AB5</cusip>
        <identifiers>
          <isin value="US355920AB51"/>
          <ticker value="MSCR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>577989.1</valUSD>
        <pctVal>0.4080807986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.589690000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Infosys Limited</name>
        <lei>N/A</lei>
        <title>INFOSYS LTD COMMON STOCK INR5.0</title>
        <cusip>620512905</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <ticker value="INFO IN"/>
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        <balance>12954</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.4725"/>
        <valUSD>237113.89</valUSD>
        <pctVal>0.1674108138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Windsor Holdings III LLC</name>
        <lei>N/A</lei>
        <title>WINDSOR HOLDINGS III LLC SR SECURED 144A 06/30 8.5</title>
        <cusip>97360AAA5</cusip>
        <identifiers>
          <isin value="US97360AAA51"/>
          <ticker value="UNVR"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103188.28</valUSD>
        <pctVal>0.0728545845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heathrow Finance PLC</name>
        <lei>N/A</lei>
        <title>HEATHROW FINANCE PLC SR SECURED REGS 03/27 VAR</title>
        <cusip>AN7380107</cusip>
        <identifiers>
          <isin value="XS1622694617"/>
          <ticker value="HTHROW"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>123362.06</valUSD>
        <pctVal>0.0870979885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wiwynn Corporation</name>
        <lei>N/A</lei>
        <title>WIWYNN CORP COMMON STOCK TWD10.0</title>
        <cusip>BF4QXG904</cusip>
        <identifiers>
          <isin value="TW0006669005"/>
          <ticker value="6669 TT"/>
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        <balance>2304</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.2025"/>
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        <pctVal>0.0823756844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iliad Holding</name>
        <lei>N/A</lei>
        <title>ILIAD HOLDING SASU SR SECURED REGS 04/30 5.375</title>
        <cusip>YT3446697</cusip>
        <identifiers>
          <isin value="XS2943818059"/>
          <ticker value="ILDFP"/>
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        <balance>275000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.2108367390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Heathrow Finance PLC</name>
        <lei>N/A</lei>
        <title>HEATHROW FINANCE PLC SR SECURED REGS 03/31 6.625</title>
        <cusip>ZD6400794</cusip>
        <identifiers>
          <isin value="XS2782148261"/>
          <ticker value="HTHROW"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>128193.72</valUSD>
        <pctVal>0.0905093117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norsk Hydro ASA</name>
        <lei>549300N1SDN71ZZ8BO45</lei>
        <title>NORSK HYDRO ASA COMMON STOCK NOK1.098</title>
        <cusip>B11HK3901</cusip>
        <identifiers>
          <isin value="NO0005052605"/>
          <ticker value="NHY NO"/>
        </identifiers>
        <balance>34036</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.5207"/>
        <valUSD>196761.74</valUSD>
        <pctVal>0.1389207651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>N/A</lei>
        <title>TOTALENERGIES SE COMMON STOCK EUR2.5</title>
        <cusip>B15C55900</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <ticker value="TTE FP"/>
        </identifiers>
        <balance>7585</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>488723.74</valUSD>
        <pctVal>0.3450562893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFFIRM ASSET SECURITIZATION TR AFFRM 2024 B E 144A</name>
        <lei>N/A</lei>
        <title>AFFIRM ASSET SECURITIZATION TR AFFRM 2024 B E 144A</title>
        <cusip>00835AAE8</cusip>
        <identifiers>
          <isin value="US00835AAE82"/>
          <ticker value="AFFRM"/>
        </identifiers>
        <balance>850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>853988.8</valUSD>
        <pctVal>0.6029463730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.350000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hightower Holding LLC</name>
        <lei>N/A</lei>
        <title>HIGHTOWER HOLDING LLC SR UNSECURED 144A 01/30 9.125</title>
        <cusip>43118DAB6</cusip>
        <identifiers>
          <isin value="US43118DAB64"/>
          <ticker value="HIGTOW"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102898.4</valUSD>
        <pctVal>0.0726499189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hikma Pharmaceuticals Public Limited Company</name>
        <lei>549300BNS685UXH4JI75</lei>
        <title>HIKMA PHARMACEUTICALS PLC COMMON STOCK GBP.1</title>
        <cusip>B0LCW0905</cusip>
        <identifiers>
          <isin value="GB00B0LCW083"/>
          <ticker value="HIK LN"/>
        </identifiers>
        <balance>27067</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>683768.45</valUSD>
        <pctVal>0.4827647704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci SA</name>
        <lei>N/A</lei>
        <title>VINCI SA COMMON STOCK EUR2.5</title>
        <cusip>B1XH02900</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="DG FP"/>
        </identifiers>
        <balance>3189</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>402005.68</valUSD>
        <pctVal>0.2838302642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chevron Corporation</name>
        <lei>N/A</lei>
        <title>CHEVRON CORP COMMON STOCK USD.75</title>
        <cusip>166764100</cusip>
        <identifiers>
          <isin value="US1667641005"/>
          <ticker value="CVX US"/>
        </identifiers>
        <balance>6999</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1170862.71</valUSD>
        <pctVal>0.8266705890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyocera Corporation</name>
        <lei>N/A</lei>
        <title>KYOCERA CORP COMMON STOCK</title>
        <cusip>649926003</cusip>
        <identifiers>
          <isin value="JP3249600002"/>
          <ticker value="6971 JP"/>
        </identifiers>
        <balance>20696</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>233761.95</valUSD>
        <pctVal>0.1650442253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TransDigm Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM INC COMPANY GUAR 05/29 4.875</title>
        <cusip>893647BQ9</cusip>
        <identifiers>
          <isin value="US893647BQ97"/>
          <ticker value="TDG"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47492.19</valUSD>
        <pctVal>0.0335311701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIAMOND FOREIGN ASSET CO / DIA SECURED 144A 10/30 8.5</name>
        <lei>N/A</lei>
        <title>DIAMOND FOREIGN ASSET CO / DIA SECURED 144A 10/30 8.5</title>
        <cusip>25260WAD3</cusip>
        <identifiers>
          <isin value="US25260WAD39"/>
          <ticker value="DO"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128094.21</valUSD>
        <pctVal>0.0904390542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>DEUTSCHE TELEKOM AG COMMON STOCK</title>
        <cusip>584235907</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
          <ticker value="DTE GR"/>
        </identifiers>
        <balance>20893</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>771368.86</valUSD>
        <pctVal>0.5446137659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>1011778 B.C. Unlimited Liability Company / New Red Finance Inc.</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC / NEW RED FINAN SECURED 144A 01/28 4.375</title>
        <cusip>68245XAJ8</cusip>
        <identifiers>
          <isin value="US68245XAJ81"/>
          <ticker value="BCULC"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96168.19</valUSD>
        <pctVal>0.0678981520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corporation</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP COMMON STOCK USD5.0</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <isin value="US89832Q1094"/>
          <ticker value="TFC US"/>
        </identifiers>
        <balance>12661</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521000.15</valUSD>
        <pctVal>0.3678445792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP COMMON STOCK USD.01</title>
        <cusip>902973304</cusip>
        <identifiers>
          <isin value="US9029733048"/>
          <ticker value="USB US"/>
        </identifiers>
        <balance>12416</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>524203.52</valUSD>
        <pctVal>0.3701062720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trivium Packaging Finance B.V.</name>
        <lei>N/A</lei>
        <title>TRIVIUM PACKAGING FINANCE BV SR SECURED REGS 08/26 3.75</title>
        <cusip>AZ6780466</cusip>
        <identifiers>
          <isin value="XS2034068432"/>
          <ticker value="TRIVIU"/>
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        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>160215.46</valUSD>
        <pctVal>0.1131177956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>Tryg A/S</name>
        <lei>N/A</lei>
        <title>TRYG A/S COMMON STOCK DKK5.0</title>
        <cusip>BXDZ97902</cusip>
        <identifiers>
          <isin value="DK0060636678"/>
          <ticker value="TRYG DC"/>
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        <balance>10380</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.89965"/>
        <valUSD>246924.14</valUSD>
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        <name>British American Tobacco P.L.C.</name>
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        <name>BX TRUST 2021-ARIA BX 2021 ARIA G 144A</name>
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        <name>Brazilian Government International Bond</name>
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        <name>Banco Bilbao Vizcaya Argentaria S.A.</name>
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        <name>ANZ Group Holdings Limited</name>
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        <name>QBE Insurance Group Limited</name>
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        <name>QUALCOMM Incorporated</name>
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        <name>Banca Monte dei Paschi di Siena S.p.A.</name>
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        <name>Banca Monte dei Paschi di Siena S.p.A.</name>
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        <name>Banco de Credito Social Cooperativo SA</name>
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          <ticker value="CAJAMA"/>
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        <name>FIBERCOP S.p.A.</name>
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        <name>Q-Park Holding I B.V.</name>
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        <name>Coterra Energy Inc.</name>
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        <name>ELO</name>
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        <name>EMRLD BORROWER LP / EMERALD CO SR SECURED REGS 12/30 6.375</name>
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        <name>Avis Budget Rental Car Funding (AESOP) LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 3A D 144A</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding (AESOP) LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 5A D 144A</title>
        <cusip>05377RKJ2</cusip>
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        <securityLending>
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      <invstOrSec>
        <name>BAIN CAPITAL CREDIT CLO 2020-2 BCC 2020 2A ER 144A</name>
        <lei>N/A</lei>
        <title>BAIN CAPITAL CREDIT CLO 2020-2 BCC 2020 2A ER 144A</title>
        <cusip>05683JAJ0</cusip>
        <identifiers>
          <isin value="US05683JAJ07"/>
          <ticker value="BCC"/>
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        <curCd>USD</curCd>
        <valUSD>491548.5</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Baker Hughes Company</name>
        <lei>N/A</lei>
        <title>BAKER HUGHES CO COMMON STOCK USD.0001</title>
        <cusip>05722G100</cusip>
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          <isin value="US05722G1004"/>
          <ticker value="BKR US"/>
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        <curCd>USD</curCd>
        <valUSD>239967</valUSD>
        <pctVal>0.1694252106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS COMPANY GUAR 06/35 6.625</title>
        <cusip>706451BG5</cusip>
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          <isin value="US706451BG56"/>
          <ticker value="PEMEX"/>
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        <curCd>USD</curCd>
        <valUSD>99882.44</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AXA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA COMMON STOCK EUR2.29</title>
        <cusip>708842901</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
          <ticker value="CS FP"/>
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        <balance>17367</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.5238908839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Permian Resources Operating LLC</name>
        <lei>N/A</lei>
        <title>PERMIAN RESOURCES OPERATING LL COMPANY GUAR 144A 02/33 6.25</title>
        <cusip>71424VAB6</cusip>
        <identifiers>
          <isin value="US71424VAB62"/>
          <ticker value="PR"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99604.39</valUSD>
        <pctVal>0.0703242311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS COMPANY GUAR 09/47 6.75</title>
        <cusip>71654QCC4</cusip>
        <identifiers>
          <isin value="US71654QCC42"/>
          <ticker value="PEMEX"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85471.29</valUSD>
        <pctVal>0.0603457613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS COMPANY GUAR 01/30 6.84</title>
        <cusip>71654QDC3</cusip>
        <identifiers>
          <isin value="US71654QDC33"/>
          <ticker value="PEMEX"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>91657.29</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.840000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS COMPANY GUAR REGS 02/29 4.75</title>
        <cusip>AS6869968</cusip>
        <identifiers>
          <isin value="XS1824424706"/>
          <ticker value="PEMEX"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.0701037503</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Accenture Public Limited Company</name>
        <lei>N/A</lei>
        <title>ACCENTURE PLC COMMON STOCK USD.0000225</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
          <ticker value="ACN US"/>
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        <balance>245</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76449.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AccorInvest Group S.A.</name>
        <lei>N/A</lei>
        <title>ACCORINVEST GROUP SA SR SECURED REGS 11/31 5.5</title>
        <cusip>YU6511783</cusip>
        <identifiers>
          <isin value="XS2926264529"/>
          <ticker value="ACCINV"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>106773</valUSD>
        <pctVal>0.0753855239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ALEXANDRIA REAL ESTATE EQUITIE REIT USD.01</title>
        <cusip>015271109</cusip>
        <identifiers>
          <isin value="US0152711091"/>
          <ticker value="ARE US"/>
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        <balance>6745</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623979.95</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>The Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC/THE COMMON STOCK USD.05</title>
        <cusip>437076102</cusip>
        <identifiers>
          <isin value="US4370761029"/>
          <ticker value="HD US"/>
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        <balance>1079</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>395442.71</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The Interpublic Group of Companies Inc.</name>
        <lei>5493008IUOJ5VWTRC333</lei>
        <title>INTERPUBLIC GROUP OF COS INC/T COMMON STOCK USD.1</title>
        <cusip>460690100</cusip>
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          <isin value="US4606901001"/>
          <ticker value="IPG US"/>
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        <balance>2565</balance>
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        <curCd>USD</curCd>
        <valUSD>69665.4</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The Kraft Heinz Company</name>
        <lei>N/A</lei>
        <title>KRAFT HEINZ CO/THE COMMON STOCK USD.01</title>
        <cusip>500754106</cusip>
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          <isin value="US5007541064"/>
          <ticker value="KHC US"/>
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        <balance>16485</balance>
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        <curCd>USD</curCd>
        <valUSD>501638.55</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Otsuka Corporation</name>
        <lei>N/A</lei>
        <title>OTSUKA CORP COMMON STOCK</title>
        <cusip>626705909</cusip>
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          <isin value="JP3188200004"/>
          <ticker value="4768 JP"/>
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        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The J. M. Smucker Company</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>J M SMUCKER CO/THE COMMON STOCK</title>
        <cusip>832696405</cusip>
        <identifiers>
          <isin value="US8326964058"/>
          <ticker value="SJM US"/>
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        <balance>690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81702.9</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Rentals (North America) Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>UNITED RENTALS NORTH AMERICA I COMPANY GUAR 144A 03/34 6.125</title>
        <cusip>911365BR4</cusip>
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          <isin value="US911365BR47"/>
          <ticker value="URI"/>
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        <curCd>USD</curCd>
        <valUSD>50031.27</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY NOTE/BO 07/27 2.75</title>
        <cusip>91282CFB2</cusip>
        <identifiers>
          <isin value="US91282CFB28"/>
          <ticker value="T"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>730986.33</valUSD>
        <pctVal>0.5161022679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>N/A</lei>
        <title>UNITED WHOLESALE MORTGAGE LLC SR UNSECURED 144A 04/29 5.5</title>
        <cusip>913229AA8</cusip>
        <identifiers>
          <isin value="US913229AA80"/>
          <ticker value="UWMLLC"/>
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        <balance>140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134976.59</valUSD>
        <pctVal>0.0952982585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US LONG BONDCBT 0625</name>
        <lei>N/A</lei>
        <title>US LONG BONDCBT 0625</title>
        <cusip>ADI2RGKZ5</cusip>
        <identifiers>
          <isin value="US912810QN19"/>
          <ticker value="USM5"/>
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        <balance>2</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3252.46</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 20yr 6%</issuerName>
                <issueTitle>US 20yr 6%</issueTitle>
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                  <other otherDesc="NOTIONAL BOND" value="US 20yr 6%"/>
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              </otherRefInst>
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            <expDate>2025-06-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE CONNECTICUT AVENUE CAS 2021 R02 2B2 144A</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE CONNECTICUT AVENUE CAS 2021 R02 2B2 144A</title>
        <cusip>20754KAJ0</cusip>
        <identifiers>
          <isin value="US20754KAJ07"/>
          <ticker value="CAS"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525114.6</valUSD>
        <pctVal>0.3707495268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.539690000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOUGHT EUR/SOLD USD</name>
        <lei>N/A</lei>
        <title>BOUGHT EUR/SOLD USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CSKBB60BP"/>
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        <balance>1</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="N/A"/>
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        <pctVal>0.0000967622</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>STATE STREET BANK AND TRUST COMPANY</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Healthpeak Properties Inc.</name>
        <lei>N/A</lei>
        <title>HEALTHPEAK PROPERTIES INC REIT USD1.0</title>
        <cusip>42250P103</cusip>
        <identifiers>
          <isin value="US42250P1030"/>
          <ticker value="DOC US"/>
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        <balance>13797</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>278975.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hertz Vehicle Financing III LLC</name>
        <lei>N/A</lei>
        <title>HERTZ VEHICLE FINANCING III LL HERTZ 2023 3A D 144A</title>
        <cusip>42806MCD9</cusip>
        <identifiers>
          <isin value="US42806MCD92"/>
          <ticker value="HERTZ"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513265.75</valUSD>
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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>2028-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.430000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hertz Vehicle Financing III LLC</name>
        <lei>N/A</lei>
        <title>HERTZ VEHICLE FINANCING III LL HERTZ 2025 1A D 144A</title>
        <cusip>42806MCW7</cusip>
        <identifiers>
          <isin value="US42806MCW73"/>
          <ticker value="HERTZ"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250093.43</valUSD>
        <pctVal>0.1765748292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.980000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayerische Motoren Werke Aktiengesellschaft</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE AG PREFERENCE</title>
        <cusip>575603907</cusip>
        <identifiers>
          <isin value="DE0005190037"/>
          <ticker value="BMW3 GR"/>
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        <balance>1617</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>121983.77</valUSD>
        <pctVal>0.0861248669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lenovo Group Limited</name>
        <lei>N/A</lei>
        <title>LENOVO GROUP LTD COMMON STOCK</title>
        <cusip>621808906</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
          <ticker value="992 HK"/>
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        <balance>61898</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78145"/>
        <valUSD>84116.96</valUSD>
        <pctVal>0.0593895563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krungthai Card Public Company Limited</name>
        <lei>N/A</lei>
        <title>KRUNGTHAI CARD PCL FOREIGN SH. THB1.0 A</title>
        <cusip>BF2LWT900</cusip>
        <identifiers>
          <isin value="TH0689010Z18"/>
          <ticker value="KTC/F TB"/>
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        <balance>565829</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.925"/>
        <valUSD>762854.56</valUSD>
        <pctVal>0.5386023682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Verisure Holding AB</name>
        <lei>N/A</lei>
        <title>VERISURE HOLDING AB SR SECURED REGS 05/30 5.5</title>
        <cusip>ZB7814146</cusip>
        <identifiers>
          <isin value="XS2816753979"/>
          <ticker value="VERISR"/>
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        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>165797.42</valUSD>
        <pctVal>0.1170588573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Stanley Black and Decker Inc.</name>
        <lei>549300DJ09SMTO561131</lei>
        <title>STANLEY BLACK and DECKER INC COMMON STOCK USD2.5</title>
        <cusip>854502101</cusip>
        <identifiers>
          <isin value="US8545021011"/>
          <ticker value="SWK US"/>
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        <balance>2526</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194198.88</valUSD>
        <pctVal>0.1371112951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vital Energy Inc.</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>VITAL ENERGY INC COMPANY GUAR 144A 07/29 7.75</title>
        <cusip>516806AH9</cusip>
        <identifiers>
          <isin value="US516806AH93"/>
          <ticker value="VTLE"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72965.92</valUSD>
        <pctVal>0.0515165267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vital Energy Inc.</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>VITAL ENERGY INC COMPANY GUAR 144A 04/32 7.875</title>
        <cusip>516806AK2</cusip>
        <identifiers>
          <isin value="US516806AK23"/>
          <ticker value="VTLE"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46545.94</valUSD>
        <pctVal>0.0328630840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Procter and Gamble Company</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>PROCTER and GAMBLE CO/THE COMMON STOCK</title>
        <cusip>742718109</cusip>
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          <isin value="US7427181091"/>
          <ticker value="PG US"/>
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        <balance>3759</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>640608.78</valUSD>
        <pctVal>0.4522925130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Star Parent Inc.</name>
        <lei>N/A</lei>
        <title>STAR PARENT INC SR SECURED 144A 10/30 9</title>
        <cusip>855170AA4</cusip>
        <identifiers>
          <isin value="US855170AA41"/>
          <ticker value="SYNH"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49282.77</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TK Elevator Holdco GmbH</name>
        <lei>N/A</lei>
        <title>TK ELEVATOR HOLDCO GMBH SR UNSECURED REGS 07/28 6.625</title>
        <cusip>BK2282626</cusip>
        <identifiers>
          <isin value="XS2198191962"/>
          <ticker value="THYELE"/>
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        <balance>90000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.0688128492</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAG WFCM 2015 C30 D 144A</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAG WFCM 2015 C30 D 144A</title>
        <cusip>94989NAL1</cusip>
        <identifiers>
          <isin value="US94989NAL10"/>
          <ticker value="WFCM"/>
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        <balance>532500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>518281.61</valUSD>
        <pctVal>0.3659251936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.506773000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Reckitt Benckiser Group plc</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>RECKITT BENCKISER GROUP PLC COMMON STOCK GBP.1</title>
        <cusip>B24CGK904</cusip>
        <identifiers>
          <isin value="GB00B24CGK77"/>
          <ticker value="RKT LN"/>
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        <balance>11497</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>777432.21</valUSD>
        <pctVal>0.5488947060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PepsiCo Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC COMMON STOCK USD.017</title>
        <cusip>713448108</cusip>
        <identifiers>
          <isin value="US7134481081"/>
          <ticker value="PEP US"/>
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        <balance>2623</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>393292.62</valUSD>
        <pctVal>0.2776785349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Performance Food Group Inc.</name>
        <lei>N/A</lei>
        <title>PERFORMANCE FOOD GROUP INC COMPANY GUAR 144A 08/29 4.25</title>
        <cusip>71376LAE0</cusip>
        <identifiers>
          <isin value="US71376LAE02"/>
          <ticker value="PFGC"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93513.75</valUSD>
        <pctVal>0.0660240233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortress Intermediate 3 Inc.</name>
        <lei>N/A</lei>
        <title>FORTRESS INTERMEDIATE 3 INC SR SECURED 144A 06/31 7.5</title>
        <cusip>34966MAA0</cusip>
        <identifiers>
          <isin value="US34966MAA09"/>
          <ticker value="PSDO"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126012</valUSD>
        <pctVal>0.0889689401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>International Business Machines Corporation</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>INTERNATIONAL BUSINESS MACHINE COMMON STOCK USD.2</title>
        <cusip>459200101</cusip>
        <identifiers>
          <isin value="US4592001014"/>
          <ticker value="IBM US"/>
        </identifiers>
        <balance>5323</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1323617.18</valUSD>
        <pctVal>0.9345206611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UPM-Kymmene Oyj</name>
        <lei>N/A</lei>
        <title>UPM-KYMMENE OYJ COMMON STOCK</title>
        <cusip>505125906</cusip>
        <identifiers>
          <isin value="FI0009005987"/>
          <ticker value="UPM FH"/>
        </identifiers>
        <balance>9191</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>246578.8</valUSD>
        <pctVal>0.1740933759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor Company</name>
        <lei>N/A</lei>
        <title>HYUNDAI MOTOR CO PREFERENCE</title>
        <cusip>614827905</cusip>
        <identifiers>
          <isin value="KR7005382007"/>
          <ticker value="005387 KS"/>
        </identifiers>
        <balance>2130</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>216082.69</valUSD>
        <pctVal>0.1525620409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Mobis Co. Ltd.</name>
        <lei>N/A</lei>
        <title>HYUNDAI MOBIS CO LTD COMMON STOCK KRW5000.0</title>
        <cusip>644954000</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
          <ticker value="012330 KS"/>
        </identifiers>
        <balance>4622</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>822505.67</valUSD>
        <pctVal>0.5807181670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor Company</name>
        <lei>N/A</lei>
        <title>HYUNDAI MOTOR CO PREFERENCE</title>
        <cusip>645102906</cusip>
        <identifiers>
          <isin value="KR7005381009"/>
          <ticker value="005385 KS"/>
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        <balance>3239</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>326267.36</valUSD>
        <pctVal>0.2303563248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Container Terminal Services Inc.</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL CONTAINER TERMIN COMMON STOCK PHP1.0</title>
        <cusip>645581000</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
          <ticker value="ICT PM"/>
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        <balance>128257</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.225"/>
        <valUSD>797022.18</valUSD>
        <pctVal>0.5627259194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>WEATHERFORD INTERNATIONAL LTD COMPANY GUAR 144A 04/30 8.625</title>
        <cusip>947075AU1</cusip>
        <identifiers>
          <isin value="US947075AU14"/>
          <ticker value="WFRD"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101537.6</valUSD>
        <pctVal>0.0716891459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo and Company</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO and CO COMMON STOCK USD1.666</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
          <ticker value="WFC US"/>
        </identifiers>
        <balance>976</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70067.04</valUSD>
        <pctVal>0.0494698146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Glovis Co. Ltd.</name>
        <lei>N/A</lei>
        <title>HYUNDAI GLOVIS CO LTD COMMON STOCK KRW500.0</title>
        <cusip>B0V3XR904</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <ticker value="086280 KS"/>
        </identifiers>
        <balance>8690</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>668126.97</valUSD>
        <pctVal>0.4717213309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iberdrola S.A.</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>IBERDROLA SA COMMON STOCK EUR.75</title>
        <cusip>B288C9908</cusip>
        <identifiers>
          <isin value="ES0144580Y14"/>
          <ticker value="IBE SM"/>
        </identifiers>
        <balance>59593</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>962312.19</valUSD>
        <pctVal>0.6794265273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>I.M.A. Industria Macchine Automatiche S.p.A.</name>
        <lei>N/A</lei>
        <title>IMA INDUSTRIA MACCHINE AUTOMAT SR SECURED REGS 01/28 3.75</title>
        <cusip>BM9457516</cusip>
        <identifiers>
          <isin value="XS2275090749"/>
          <ticker value="IMAIM"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>106567.45</valUSD>
        <pctVal>0.0752403983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>WE Soda Investments Holding Plc</name>
        <lei>N/A</lei>
        <title>WE SODA INVESTMENTS HOLDING PL SR SECURED REGS 02/31 9.375</title>
        <cusip>ZF8260845</cusip>
        <identifiers>
          <isin value="USG95448AC32"/>
          <ticker value="WESODA"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205420</valUSD>
        <pctVal>0.1450338037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONEOK Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC COMMON STOCK USD.01</title>
        <cusip>682680103</cusip>
        <identifiers>
          <isin value="US6826801036"/>
          <ticker value="OKE US"/>
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        <balance>4784</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>474668.48</valUSD>
        <pctVal>0.3351327774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokio Marine Holdings Inc.</name>
        <lei>N/A</lei>
        <title>TOKIO MARINE HOLDINGS INC COMMON STOCK</title>
        <cusip>651312902</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766 JP"/>
        </identifiers>
        <balance>12399</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>482355.91</valUSD>
        <pctVal>0.3405603756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shimadzu Corporation</name>
        <lei>N/A</lei>
        <title>SHIMADZU CORP COMMON STOCK</title>
        <cusip>680436003</cusip>
        <identifiers>
          <isin value="JP3357200009"/>
          <ticker value="7701 JP"/>
        </identifiers>
        <balance>2521</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>62971.15</valUSD>
        <pctVal>0.0444598647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electron Limited</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>TOKYO ELECTRON LTD COMMON STOCK</title>
        <cusip>689567006</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
          <ticker value="8035 JP"/>
        </identifiers>
        <balance>1364</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>187048.77</valUSD>
        <pctVal>0.1320630639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Corporation</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>TOYOTA MOTOR CORP COMMON STOCK</title>
        <cusip>690064001</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="7203 JP"/>
        </identifiers>
        <balance>31877</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>563499.25</valUSD>
        <pctVal>0.3978504507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skanska AB</name>
        <lei>549300UINV5RINHGMG07</lei>
        <title>SKANSKA AB COMMON STOCK</title>
        <cusip>714209905</cusip>
        <identifiers>
          <isin value="SE0000113250"/>
          <ticker value="SKAB SS"/>
        </identifiers>
        <balance>65324</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.0518"/>
        <valUSD>1441768.26</valUSD>
        <pctVal>1.0179395130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Corporation International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTERNATIONAL/US SR UNSECURED 08/30 3.375</title>
        <cusip>817565CF9</cusip>
        <identifiers>
          <isin value="US817565CF96"/>
          <ticker value="SCI"/>
        </identifiers>
        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>133677.55</valUSD>
        <pctVal>0.0943810902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</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>SNF Group</name>
        <lei>N/A</lei>
        <title>SNF GROUP SACA SR UNSECURED 144A 03/32 4.5</title>
        <cusip>YQ2575385</cusip>
        <identifiers>
          <isin value="XS3021202000"/>
          <ticker value="SNFF"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>107728.25</valUSD>
        <pctVal>0.0760599643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>Colombia Government International Bond</name>
        <lei>N/A</lei>
        <title>COLOMBIA GOVERNMENT INTERNATIO SR UNSECURED 01/30 3</title>
        <cusip>195325DR3</cusip>
        <identifiers>
          <isin value="US195325DR36"/>
          <ticker value="COLOM"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169360</valUSD>
        <pctVal>0.1195741651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Credit Acceptance Corporation</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANCE CORP COMPANY GUAR 144A 12/28 9.25</title>
        <cusip>225310AQ4</cusip>
        <identifiers>
          <isin value="US225310AQ40"/>
          <ticker value="CACC"/>
        </identifiers>
        <balance>80000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84691.92</valUSD>
        <pctVal>0.0597954985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.250000000000</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>Credit Acceptance Corporation</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANCE CORP COMPANY GUAR 144A 03/30 6.625</title>
        <cusip>225310AS0</cusip>
        <identifiers>
          <isin value="US225310AS06"/>
          <ticker value="CACC"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49256.25</valUSD>
        <pctVal>0.0347766590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</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>Coles Group Limited</name>
        <lei>N/A</lei>
        <title>COLES GROUP LTD COMMON STOCK</title>
        <cusip>BYWR0T908</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="COL AU"/>
        </identifiers>
        <balance>63233</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>774019.25</valUSD>
        <pctVal>0.5464850352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reworld Holding Corporation</name>
        <lei>40XIFLS8XDQGGHGPGC04</lei>
        <title>REWORLD HOLDING CORP COMPANY GUAR 144A 12/29 4.875</title>
        <cusip>22303XAA3</cusip>
        <identifiers>
          <isin value="US22303XAA37"/>
          <ticker value="CVA"/>
        </identifiers>
        <balance>55000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51156.23</valUSD>
        <pctVal>0.0361181122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>ECAF I LTD ECAF 2015 1A A2 144A</name>
        <lei>N/A</lei>
        <title>ECAF I LTD ECAF 2015 1A A2 144A</title>
        <cusip>26827EAC9</cusip>
        <identifiers>
          <isin value="US26827EAC93"/>
          <ticker value="ECAF"/>
        </identifiers>
        <balance>626759.16</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>521769.48</valUSD>
        <pctVal>0.3683877535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.947000000000</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>Ecopetrol S.A.</name>
        <lei>N/A</lei>
        <title>ECOPETROL SA SR UNSECURED 11/31 4.625</title>
        <cusip>279158AP4</cusip>
        <identifiers>
          <isin value="US279158AP43"/>
          <ticker value="ECOPET"/>
        </identifiers>
        <balance>25000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20826.78</valUSD>
        <pctVal>0.0147044451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>Ecopetrol S.A.</name>
        <lei>N/A</lei>
        <title>ECOPETROL SA SR UNSECURED 01/36 8.375</title>
        <cusip>279158AV1</cusip>
        <identifiers>
          <isin value="US279158AV11"/>
          <ticker value="ECOPET"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48716.59</valUSD>
        <pctVal>0.0343956399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375000000000</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>Ecopetrol S.A.</name>
        <lei>N/A</lei>
        <title>ECOPETROL SA SR UNSECURED 02/32 7.75</title>
        <cusip>279158AW9</cusip>
        <identifiers>
          <isin value="US279158AW93"/>
          <ticker value="ECOPET"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122709.29</valUSD>
        <pctVal>0.0866371097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</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>Edison International</name>
        <lei>N/A</lei>
        <title>EDISON INTERNATIONAL JR SUBORDINA 12/99 VAR</title>
        <cusip>281020AS6</cusip>
        <identifiers>
          <isin value="US281020AS67"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>15000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14355.83</valUSD>
        <pctVal>0.0101357250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.375000000000</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>Rexford Industrial Realty L.P.</name>
        <lei>N/A</lei>
        <title>REXFORD INDUSTRIAL REALTY LP COMPANY GUAR 144A 03/27 4.375</title>
        <cusip>76169XAD6</cusip>
        <identifiers>
          <isin value="US76169XAD66"/>
          <ticker value="REXR"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49850</valUSD>
        <pctVal>0.0351958676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Rexford Industrial Realty LP</name>
              <title>Rexford Industrial Realty LP</title>
              <curCd>USD</curCd>
              <identifiers>
                <isin value="US76169C1009"/>
                <ticker value="REXR"/>
                <other otherDesc="BLOOMBERG" value="EQ0000000030320570"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="15.714600000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rexford Industrial Realty L.P.</name>
        <lei>N/A</lei>
        <title>REXFORD INDUSTRIAL REALTY LP COMPANY GUAR 144A 03/29 4.125</title>
        <cusip>76169XAE4</cusip>
        <identifiers>
          <isin value="US76169XAE40"/>
          <ticker value="REXR"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49400</valUSD>
        <pctVal>0.0348781516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Rexford Industrial Realty LP</name>
              <title>Rexford Industrial Realty LP</title>
              <curCd>USD</curCd>
              <identifiers>
                <isin value="US76169C1009"/>
                <ticker value="REXR"/>
                <other otherDesc="BLOOMBERG" value="EQ0000000030320570"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="15.714600000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UWM Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWM HOLDINGS LLC COMPANY GUAR 144A 02/30 6.625</title>
        <cusip>903522AA8</cusip>
        <identifiers>
          <isin value="US903522AA85"/>
          <ticker value="UWMC"/>
        </identifiers>
        <balance>40000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39673.28</valUSD>
        <pctVal>0.0280107424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</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>Univision Communications Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UNIVISION COMMUNICATIONS INC SR SECURED 144A 07/31 8.5</title>
        <cusip>914906AZ5</cusip>
        <identifiers>
          <isin value="US914906AZ55"/>
          <ticker value="UVN"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97713.98</valUSD>
        <pctVal>0.0689895346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</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>US 10YR NOTE CBT 0625</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE CBT 0625</title>
        <cusip>ADI2RGJN4</cusip>
        <identifiers>
          <isin value="US91282CMC28"/>
          <ticker value="TYM5"/>
        </identifiers>
        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>232.95</valUSD>
        <pctVal>0.0001644710</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
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              <otherRefInst>
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        <name>US 10YR ULTRA FUT 0625</name>
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        <name>US 2YR NOTE (CBT) JUN25 XCBT 20250630</name>
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        <name>The Coca-Cola Company</name>
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        <name>Grupo Mexico S.A.B. de C.V.</name>
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        <name>Nationstar Mortgage Holdings Inc.</name>
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        <name>Annaly Capital Management Inc.</name>
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        <name>Nomura Holdings Inc.</name>
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        <name>CP Atlas Buyer Inc.</name>
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        <name>CP Atlas Buyer Inc.</name>
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        <name>National Grid plc</name>
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        <name>Grifols S.A.</name>
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        <name>GTCR W Dutch Finance Sub B.V.</name>
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        <name>Insight Enterprises Inc.</name>
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        <name>Omnicom Group Inc.</name>
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        <name>ON Semiconductor Corporation</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
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        <name>AbbVie Inc.</name>
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        <name>Acadia Healthcare Company Inc.</name>
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        <name>Duke Energy Corporation</name>
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        <name>Freedom Mortgage Corporation</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>Bayerische Motoren Werke Aktiengesellschaft</name>
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        <name>E Ink Holdings Inc.</name>
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        <name>ABB Ltd</name>
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        <name>CHS/Community Health Systems Inc.</name>
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        <name>Tenet Healthcare Corporation</name>
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        <name>SOLD GBP/BOUGHT USD</name>
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        <name>SOLD GBP/BOUGHT USD</name>
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        <name>SOLD GBP/BOUGHT USD</name>
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      <invstOrSec>
        <name>TRICON RESIDENTIAL 2025-SFR1 T TCN 2025 SFR1 E 144A</name>
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        <valUSD>139999.96</valUSD>
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        <assetCat>ABS-O</assetCat>
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      <invstOrSec>
        <name>CPUK Finance Limited</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ATandT Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
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      <invstOrSec>
        <name>Asbury Automotive Group Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP INC COMPANY GUAR 144A 11/29 4.625</title>
        <cusip>043436AW4</cusip>
        <identifiers>
          <isin value="US043436AW48"/>
          <ticker value="ABG"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93710.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Asbury Automotive Group Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP INC COMPANY GUAR 144A 02/32 5</title>
        <cusip>043436AX2</cusip>
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          <ticker value="ABG"/>
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        <balance>50000</balance>
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        <curCd>USD</curCd>
        <valUSD>45343.98</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2022-R04</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2022 R04 1B2 144A</title>
        <cusip>20753YAL6</cusip>
        <identifiers>
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          <ticker value="CAS"/>
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        <balance>370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414463.46</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2021-R03</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2021 R03 1B2 144A</title>
        <cusip>20754AAJ2</cusip>
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          <isin value="US20754AAJ25"/>
          <ticker value="CAS"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>519882.5</valUSD>
        <pctVal>0.3670554787</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2022-R05</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2022 R05 2B2 144A</title>
        <cusip>20754DAJ6</cusip>
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          <ticker value="CAS"/>
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        <curCd>USD</curCd>
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          <maturityDt>2042-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2022-R07</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2022 R07 1B2 144A</title>
        <cusip>20754MAL1</cusip>
        <identifiers>
          <isin value="US20754MAL19"/>
          <ticker value="CAS"/>
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        <balance>500000</balance>
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        <valUSD>591396.15</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>16.335660000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2021-R01</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES CAS 2021 R01 1B2 144A</title>
        <cusip>20754RAJ5</cusip>
        <identifiers>
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          <ticker value="CAS"/>
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        <balance>490000</balance>
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        <curCd>USD</curCd>
        <valUSD>510181.68</valUSD>
        <pctVal>0.3602063558</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.339690000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Australian Pipeline Limited</name>
        <lei>549300T9RBSX164T8H40</lei>
        <title>APA GROUP STAPLED SECURITY</title>
        <cusip>624730909</cusip>
        <identifiers>
          <isin value="AU000000APA1"/>
          <ticker value="APA AU"/>
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        <balance>59163</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>293080.18</valUSD>
        <pctVal>0.2069249989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>Shanghai Baosight Software Co.Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI BAOSIGHT SOFTWARE CO COMMON STOCK CNY1.0</title>
        <cusip>683542906</cusip>
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          <ticker value="900926 CH"/>
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        <balance>451681</balance>
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        <curCd>USD</curCd>
        <valUSD>803200.83</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <name>Texas Instruments Incorporated</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TEXAS INSTRUMENTS INC COMMON STOCK USD1.0</title>
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        <assetCat>EC</assetCat>
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        <name>Azrieli Group Ltd.</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>Apollo Global Management Inc.</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <name>CENTRAL PARENT INC / CDK GLOBA SR SECURED 144A 06/29 7.25</name>
        <lei>N/A</lei>
        <title>CENTRAL PARENT INC / CDK GLOBA SR SECURED 144A 06/29 7.25</title>
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          <ticker value="CDK"/>
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        <curCd>USD</curCd>
        <valUSD>30288.29</valUSD>
        <pctVal>0.0213846067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>N/A</lei>
        <title>CLEAR CHANNEL OUTDOOR HOLDINGS COMPANY GUAR 144A 06/29 7.5</title>
        <cusip>18453HAD8</cusip>
        <identifiers>
          <isin value="US18453HAD89"/>
          <ticker value="CCO"/>
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        <balance>25000</balance>
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        <curCd>USD</curCd>
        <valUSD>20646.42</valUSD>
        <pctVal>0.0145771046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings Inc.</name>
        <lei>N/A</lei>
        <title>CLEAR CHANNEL OUTDOOR HOLDINGS SR SECURED 144A 04/30 7.875</title>
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          <isin value="US18453HAF38"/>
          <ticker value="CCO"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122555.55</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zurich Insurance Group Ltd</name>
        <lei>N/A</lei>
        <title>ZURICH INSURANCE GROUP AG COMMON STOCK CHF.1</title>
        <cusip>598381903</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZURN SW"/>
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        <balance>1811</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.8847"/>
        <valUSD>1264092.43</valUSD>
        <pctVal>0.8924940770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>MIZUHO FINANCIAL GROUP INC COMMON STOCK</title>
        <cusip>659101901</cusip>
        <identifiers>
          <isin value="JP3885780001"/>
          <ticker value="8411 JP"/>
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        <balance>8736</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>239748.24</valUSD>
        <pctVal>0.1692707583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Murata Manufacturing Co. Ltd.</name>
        <lei>N/A</lei>
        <title>MURATA MANUFACTURING CO LTD COMMON STOCK</title>
        <cusip>661040006</cusip>
        <identifiers>
          <isin value="JP3914400001"/>
          <ticker value="6981 JP"/>
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        <balance>6969</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>107496.45</valUSD>
        <pctVal>0.0758963052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Post Bank Co.Ltd.</name>
        <lei>5493006JVO6N2HC2XZ76</lei>
        <title>JAPAN POST BANK CO LTD COMMON STOCK</title>
        <cusip>BYT816903</cusip>
        <identifiers>
          <isin value="JP3946750001"/>
          <ticker value="7182 JP"/>
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        <balance>73557</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>746866.64</valUSD>
        <pctVal>0.5273143298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LBM Acquisition LLC</name>
        <lei>N/A</lei>
        <title>LBM ACQUISITION LLC COMPANY GUAR 144A 01/29 6.25</title>
        <cusip>05552BAA4</cusip>
        <identifiers>
          <isin value="US05552BAA44"/>
          <ticker value="USLBMH"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51095.95</valUSD>
        <pctVal>0.0360755524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase and Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE and CO COMMON STOCK USD1.0</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <isin value="US46625H1005"/>
          <ticker value="JPM US"/>
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        <balance>6436</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1578750.8</valUSD>
        <pctVal>1.1146540432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMBB COMMERCIAL MORTGAGE SECU JPMBB 2014 C22 C</name>
        <lei>N/A</lei>
        <title>JPMBB COMMERCIAL MORTGAGE SECU JPMBB 2014 C22 C</title>
        <cusip>46642NBK1</cusip>
        <identifiers>
          <isin value="US46642NBK19"/>
          <ticker value="JPMBB"/>
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        <balance>565000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>514161.3</valUSD>
        <pctVal>0.3630161086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.509699000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust 2014-C23</name>
        <lei>N/A</lei>
        <title>JPMBB COMMERCIAL MORTGAGE SECU JPMBB 2014 C23 D 144A</title>
        <cusip>46643AAG8</cusip>
        <identifiers>
          <isin value="US46643AAG85"/>
          <ticker value="JPMBB"/>
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        <balance>166320</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144652.33</valUSD>
        <pctVal>0.1021296740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.966103000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMBB COMMERCIAL MORTGAGE SECU JPMBB 2015 C28 D 144A</name>
        <lei>N/A</lei>
        <title>JPMBB COMMERCIAL MORTGAGE SECU JPMBB 2015 C28 D 144A</title>
        <cusip>46644FAX9</cusip>
        <identifiers>
          <isin value="US46644FAX96"/>
          <ticker value="JPMBB"/>
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        <balance>285000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253623.81</valUSD>
        <pctVal>0.1790674027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.934315000000</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>Matador Resources Company</name>
        <lei>N/A</lei>
        <title>MATADOR RESOURCES CO COMPANY GUAR 144A 04/32 6.5</title>
        <cusip>576485AG1</cusip>
        <identifiers>
          <isin value="US576485AG13"/>
          <ticker value="MTDR"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99103.25</valUSD>
        <pctVal>0.0699704084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>N/A</lei>
        <title>MEDLINE BORROWER LP SR SECURED 144A 04/29 3.875</title>
        <cusip>62482BAA0</cusip>
        <identifiers>
          <isin value="US62482BAA08"/>
          <ticker value="MEDIND"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140210.01</valUSD>
        <pctVal>0.0989932385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT FUTURE 0625</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE 0625</title>
        <cusip>ADI2RGR88</cusip>
        <identifiers>
          <isin value="GB00MDWGKH25"/>
          <ticker value="G M5"/>
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        <balance>3</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>3161.87944361772</valUSD>
        <pctVal>0.0022323990</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UK 10yr 4.0%</issuerName>
                <issueTitle>UK 10yr 4.0%</issueTitle>
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                  <other otherDesc="NOTIONAL BOND" value="UK 10yr 4.0%"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Forvia SE</name>
        <lei>N/A</lei>
        <title>FORVIA SE SR UNSECURED REGS 06/31 5.5</title>
        <cusip>ZD3727876</cusip>
        <identifiers>
          <isin value="XS2774392638"/>
          <ticker value="EOFP"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>104417.58</valUSD>
        <pctVal>0.0737225139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Planet Financial Group LLC</name>
        <lei>N/A</lei>
        <title>PLANET FINANCIAL GROUP LLC COMPANY GUAR 144A 12/29 10.5</title>
        <cusip>72702AAA5</cusip>
        <identifiers>
          <isin value="US72702AAA51"/>
          <ticker value="PLNFIN"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60213.78</valUSD>
        <pctVal>0.0425130637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCK TRUST 2024-CNTR ROCC 2024 CNTR E 144A</name>
        <lei>N/A</lei>
        <title>ROCK TRUST 2024-CNTR ROCC 2024 CNTR E 144A</title>
        <cusip>74970WAJ9</cusip>
        <identifiers>
          <isin value="US74970WAJ99"/>
          <ticker value="ROCC"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526963.4</valUSD>
        <pctVal>0.3720548452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.819060000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Group Holdings plc</name>
        <lei>N/A</lei>
        <title>PHOENIX GROUP HOLDINGS PLC COMMON STOCK GBP.1</title>
        <cusip>BGXQNP901</cusip>
        <identifiers>
          <isin value="GB00BGXQNP29"/>
          <ticker value="PHNX LN"/>
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        <balance>53827</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>399571.04</valUSD>
        <pctVal>0.2821113220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Picard Groupe</name>
        <lei>N/A</lei>
        <title>PICARD GROUPE SAS SR SECURED REGS 07/29 6.375</title>
        <cusip>YX9560740</cusip>
        <identifiers>
          <isin value="XS2852970016"/>
          <ticker value="PICSUR"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>111143.94</valUSD>
        <pctVal>0.0784715625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digital Realty Trust Inc.</name>
        <lei>N/A</lei>
        <title>DIGITAL REALTY TRUST INC REIT USD.01</title>
        <cusip>253868103</cusip>
        <identifiers>
          <isin value="US2538681030"/>
          <ticker value="DLR US"/>
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        <balance>783</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112196.07</valUSD>
        <pctVal>0.0792144036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>DOMINION ENERGY INC COMMON STOCK</title>
        <cusip>25746U109</cusip>
        <identifiers>
          <isin value="US25746U1097"/>
          <ticker value="D US"/>
        </identifiers>
        <balance>2121</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118924.47</valUSD>
        <pctVal>0.0839648926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UKG Inc.</name>
        <lei>N/A</lei>
        <title>UKG INC SR SECURED 144A 02/31 6.875</title>
        <cusip>90279XAA0</cusip>
        <identifiers>
          <isin value="US90279XAA00"/>
          <ticker value="ULTI"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126804.88</valUSD>
        <pctVal>0.0895287415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC COMMON STOCK GBP.00031111</title>
        <cusip>B10RZP905</cusip>
        <identifiers>
          <isin value="GB00B10RZP78"/>
          <ticker value="ULVR LN"/>
        </identifiers>
        <balance>3854</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>229956.69</valUSD>
        <pctVal>0.1623575768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Manila Electric Company</name>
        <lei>N/A</lei>
        <title>MANILA ELECTRIC CO COMMON STOCK PHP10.0</title>
        <cusip>B247XZ903</cusip>
        <identifiers>
          <isin value="PHY5764J1483"/>
          <ticker value="MER PM"/>
        </identifiers>
        <balance>92421</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.225"/>
        <valUSD>888464.43</valUSD>
        <pctVal>0.6272873902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC COMMON STOCK USD.1</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <isin value="US92343V1044"/>
          <ticker value="VZ US"/>
        </identifiers>
        <balance>26496</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1201858.56</valUSD>
        <pctVal>0.8485547582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vertical Midco GmbH</name>
        <lei>N/A</lei>
        <title>TK ELEVATOR MIDCO GMBH 2025 EUR TERM LOAN B1</title>
        <cusip>D9000BAH5</cusip>
        <identifiers>
          <isin value="XAD9000BAH50"/>
          <ticker value="THYELE"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>134225.78</valUSD>
        <pctVal>0.0947681600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000</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>Genuine Parts Company</name>
        <lei>N/A</lei>
        <title>GENUINE PARTS CO COMMON STOCK USD1.0</title>
        <cusip>372460105</cusip>
        <identifiers>
          <isin value="US3724601055"/>
          <ticker value="GPC US"/>
        </identifiers>
        <balance>1893</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225532.02</valUSD>
        <pctVal>0.1592336029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LABL Inc.</name>
        <lei>N/A</lei>
        <title>LABL INC SR SECURED 144A 10/31 8.625</title>
        <cusip>50168QAF2</cusip>
        <identifiers>
          <isin value="US50168QAF28"/>
          <ticker value="LABL"/>
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        <balance>80000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59600</valUSD>
        <pctVal>0.0420797133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaixo Bondco Telecom SA</name>
        <lei>N/A</lei>
        <title>KAIXO BONDCO TELECOM SA SR SECURED REGS 09/29 5.125</title>
        <cusip>BR7071730</cusip>
        <identifiers>
          <isin value="XS2397198487"/>
          <ticker value="LORCAT"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>108663.7</valUSD>
        <pctVal>0.0767204251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altria Group Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>ALTRIA GROUP INC COMMON STOCK USD.333</title>
        <cusip>02209S103</cusip>
        <identifiers>
          <isin value="US02209S1033"/>
          <ticker value="MO US"/>
        </identifiers>
        <balance>17478</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1049029.56</valUSD>
        <pctVal>0.7406520652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Inc.</name>
        <lei>N/A</lei>
        <title>BROADCOM INC COMMON STOCK</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO US"/>
        </identifiers>
        <balance>1224</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204934.32</valUSD>
        <pctVal>0.1446908964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amano Corporation</name>
        <lei>N/A</lei>
        <title>AMANO CORP COMMON STOCK</title>
        <cusip>602730004</cusip>
        <identifiers>
          <isin value="JP3124400007"/>
          <ticker value="6436 JP"/>
        </identifiers>
        <balance>7648</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>204400.39</valUSD>
        <pctVal>0.1443139229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUM! Brands Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM! BRANDS INC SR UNSECURED 144A 01/30 4.75</title>
        <cusip>988498AL5</cusip>
        <identifiers>
          <isin value="US988498AL59"/>
          <ticker value="YUM"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48297.48</valUSD>
        <pctVal>0.0340997334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZF Europe Finance B.V.</name>
        <lei>N/A</lei>
        <title>ZF EUROPE FINANCE BV COMPANY GUAR REGS 03/29 6.125</title>
        <cusip>ZI7731519</cusip>
        <identifiers>
          <isin value="XS2681541327"/>
          <ticker value="ZFFNGR"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>108816.56</valUSD>
        <pctVal>0.0768283497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000</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>IPD 3 B.V.</name>
        <lei>N/A</lei>
        <title>IPD 3 BV SR SECURED REGS 06/28 8</title>
        <cusip>ZK9020106</cusip>
        <identifiers>
          <isin value="XS2631198863"/>
          <ticker value="IPDEBV"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>113105.89</valUSD>
        <pctVal>0.0798567688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</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>Altice France SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>ALTICE SA SR SECURED REGS 01/29 4.125</title>
        <cusip>ZO4980280</cusip>
        <identifiers>
          <isin value="XS2232102876"/>
          <ticker value="SFRFP"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>172748.76</valUSD>
        <pctVal>0.1219667498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</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>Reworld Holding Corporation</name>
        <lei>40XIFLS8XDQGGHGPGC04</lei>
        <title>REWORLD HOLDING CORP COMPANY GUAR 09/30 5</title>
        <cusip>22282EAJ1</cusip>
        <identifiers>
          <isin value="US22282EAJ10"/>
          <ticker value="CVA"/>
        </identifiers>
        <balance>55000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50946.78</valUSD>
        <pctVal>0.0359702331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MAGNETITE XLV LTD MAGNE 2025 45A SUB 144A</name>
        <lei>N/A</lei>
        <title>MAGNETITE XLV LTD MAGNE 2025 45A SUB 144A</title>
        <cusip>55956DAE9</cusip>
        <identifiers>
          <isin value="US55956DAE94"/>
          <ticker value="MAGNE"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218812.5</valUSD>
        <pctVal>0.1544893835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Marvell Technology Inc.</name>
        <lei>N/A</lei>
        <title>MARVELL TECHNOLOGY INC COMMON STOCK USD.002</title>
        <cusip>573874104</cusip>
        <identifiers>
          <isin value="US5738741041"/>
          <ticker value="MRVL US"/>
        </identifiers>
        <balance>2251</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138594.07</valUSD>
        <pctVal>0.0978523276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Microchip Technology Incorporated</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001</title>
        <cusip>595017104</cusip>
        <identifiers>
          <isin value="US5950171042"/>
          <ticker value="MCHP US"/>
        </identifiers>
        <balance>3691</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178681.31</valUSD>
        <pctVal>0.1261553404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Ufj Financial GroupInc.</name>
        <lei>N/A</lei>
        <title>MITSUBISHI UFJ FINANCIAL GROUP COMMON STOCK</title>
        <cusip>633517909</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="8306 JP"/>
        </identifiers>
        <balance>59800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>815302.02</valUSD>
        <pctVal>0.5756321346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NJ 2025-WBRK WBRK 2025 WBRK E 144A</name>
        <lei>N/A</lei>
        <title>NJ 2025-WBRK WBRK 2025 WBRK E 144A</title>
        <cusip>65486BAL5</cusip>
        <identifiers>
          <isin value="US65486BAL53"/>
          <ticker value="WBRK"/>
        </identifiers>
        <balance>335000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303861.95</valUSD>
        <pctVal>0.2145373109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.277000000000</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>RFR TRUST 2025-SGRM RFR 2025 SGRM E 144A</name>
        <lei>N/A</lei>
        <title>RFR TRUST 2025-SGRM RFR 2025 SGRM E 144A</title>
        <cusip>74984NAL8</cusip>
        <identifiers>
          <isin value="US74984NAL82"/>
          <ticker value="RFR"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499214.75</valUSD>
        <pctVal>0.3524633144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.512765000000</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>Rocket Software Inc.</name>
        <lei>N/A</lei>
        <title>ROCKET SOFTWARE INC SR UNSECURED 144A 02/29 6.5</title>
        <cusip>77314EAA6</cusip>
        <identifiers>
          <isin value="US77314EAA64"/>
          <ticker value="ROCSOF"/>
        </identifiers>
        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117812.77</valUSD>
        <pctVal>0.0831799930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
        <title>ROCKIES EXPRESS PIPELINE LLC SR UNSECURED 144A 03/33 6.75</title>
        <cusip>77340RAU1</cusip>
        <identifiers>
          <isin value="US77340RAU14"/>
          <ticker value="ROCKIE"/>
        </identifiers>
        <balance>95000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96590.89</valUSD>
        <pctVal>0.0681965932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</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>Albemarle Corporation</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>ALBEMARLE CORP COMMON STOCK USD.01</title>
        <cusip>012653101</cusip>
        <identifiers>
          <isin value="US0126531013"/>
          <ticker value="ALB US"/>
        </identifiers>
        <balance>752</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54159.04</valUSD>
        <pctVal>0.0382382026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BandG Foods Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>BandG FOODS INC SR SECURED 144A 09/28 8</title>
        <cusip>05508WAC9</cusip>
        <identifiers>
          <isin value="US05508WAC91"/>
          <ticker value="BGS"/>
        </identifiers>
        <balance>15000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15071.19</valUSD>
        <pctVal>0.0106407945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</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>COMM 2014-CCRE19 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2014-CCRE19 MORTGAGE TRUS COMM 2014 CR19 D 144A</title>
        <cusip>12592GAG8</cusip>
        <identifiers>
          <isin value="US12592GAG82"/>
          <ticker value="COMM"/>
        </identifiers>
        <balance>540328.87</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516024.88</valUSD>
        <pctVal>0.3643318622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.511689000000</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>Obic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>OBIC CO LTD COMMON STOCK</title>
        <cusip>613674902</cusip>
        <identifiers>
          <isin value="JP3173400007"/>
          <ticker value="4684 JP"/>
        </identifiers>
        <balance>2846</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>82058.75</valUSD>
        <pctVal>0.0579363871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA Corporation</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP COMMON STOCK USD.001</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
          <ticker value="NVDA US"/>
        </identifiers>
        <balance>5164</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>559674.32</valUSD>
        <pctVal>0.3951499145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYC COMMERCIAL MORTGAGE TRUST NYC 2025 3BP E 144A</name>
        <lei>N/A</lei>
        <title>NYC COMMERCIAL MORTGAGE TRUST NYC 2025 3BP E 144A</title>
        <cusip>67120UAN7</cusip>
        <identifiers>
          <isin value="US67120UAN72"/>
          <ticker value="NYC"/>
        </identifiers>
        <balance>310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307750.24</valUSD>
        <pctVal>0.2172825815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.858870000000</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>Aker BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>AKER BP ASA COMMON STOCK NOK1.0</title>
        <cusip>B1L95G905</cusip>
        <identifiers>
          <isin value="NO0010345853"/>
          <ticker value="AKRBP NO"/>
        </identifiers>
        <balance>3071</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.5207"/>
        <valUSD>72810.51</valUSD>
        <pctVal>0.0514068017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Odido Holding B.V.</name>
        <lei>N/A</lei>
        <title>ODIDO HOLDING BV SR SECURED REGS 01/29 3.75</title>
        <cusip>BS9025161</cusip>
        <identifiers>
          <isin value="XS2417090789"/>
          <ticker value="TMOBNL"/>
        </identifiers>
        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>157315.13</valUSD>
        <pctVal>0.1110700598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>BandM European Value Retail S.A.</name>
        <lei>N/A</lei>
        <title>B+M EUROPEAN VALUE RETAIL SA SR SECURED REGS 11/31 6.5</title>
        <cusip>YT3413317</cusip>
        <identifiers>
          <isin value="XS2942371274"/>
          <ticker value="BMELN"/>
        </identifiers>
        <balance>175000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>220461.84</valUSD>
        <pctVal>0.1556538760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>US 5YR NOTE CBT 0625</name>
        <lei>N/A</lei>
        <title>US 5YR NOTE CBT 0625</title>
        <cusip>ADI2RHWY3</cusip>
        <identifiers>
          <isin value="US91282CLK52"/>
          <ticker value="FVM5"/>
        </identifiers>
        <balance>5</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4820.16</valUSD>
        <pctVal>0.0034032039</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO BOARD OF TRADE</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 5yr 6%</issuerName>
                <issueTitle>US 5yr 6%</issueTitle>
                <identifiers>
                  <other otherDesc="NOTIONAL BOND" value="US 5yr 6%"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-06-30</expDate>
            <notionalAmt>536547.030000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4820.160000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSMC 2020-NQM1 TRUST CSMC 2020 NQM1 B1 144A</name>
        <lei>N/A</lei>
        <title>CSMC 2020-NQM1 TRUST CSMC 2020 NQM1 B1 144A</title>
        <cusip>126401AE8</cusip>
        <identifiers>
          <isin value="US126401AE85"/>
          <ticker value="CSMC"/>
        </identifiers>
        <balance>445000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406693.96</valUSD>
        <pctVal>0.2871403561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.462000000000</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>CVS Health Corporation</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP COMMON STOCK USD.01</title>
        <cusip>126650100</cusip>
        <identifiers>
          <isin value="US1266501006"/>
          <ticker value="CVS US"/>
        </identifiers>
        <balance>8722</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>590915.5</valUSD>
        <pctVal>0.4172072953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>N/A</lei>
        <title>ROCHE HOLDING AG COMMON STOCK</title>
        <cusip>711038901</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="ROG SW"/>
        </identifiers>
        <balance>4479</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.8847"/>
        <valUSD>1474162.53</valUSD>
        <pctVal>1.0408110162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T. Rowe Price Group Inc.</name>
        <lei>N/A</lei>
        <title>T ROWE PRICE GROUP INC COMMON STOCK USD.2</title>
        <cusip>74144T108</cusip>
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          <isin value="US74144T1088"/>
          <ticker value="TROW US"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521545.99</valUSD>
        <pctVal>0.3682299616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Range Resources Corporation</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP COMPANY GUAR 144A 02/30 4.75</title>
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          <ticker value="RRC"/>
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        <curCd>USD</curCd>
        <valUSD>95133.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Swiss Re AG</name>
        <lei>N/A</lei>
        <title>SWISS RE AG COMMON STOCK CHF.1</title>
        <cusip>ACI00MQT5</cusip>
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          <isin value="CH0126881561"/>
          <ticker value="SREN SW"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Seagate Technology Holdings Public Limited Company</name>
        <lei>N/A</lei>
        <title>SEAGATE TECHNOLOGY HOLDINGS PL COMMON STOCK USD.00001</title>
        <cusip>G7997R103</cusip>
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          <isin value="IE00BKVD2N49"/>
          <ticker value="STX US"/>
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        <curCd>USD</curCd>
        <valUSD>397820.85</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC COMMON STOCK USD.00001</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
          <ticker value="AAPL US"/>
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        <balance>1665</balance>
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        <curCd>USD</curCd>
        <valUSD>369846.45</valUSD>
        <pctVal>0.2611247075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ares Management Corporation</name>
        <lei>N/A</lei>
        <title>ARES MANAGEMENT CORP COMMON STOCK</title>
        <cusip>03990B101</cusip>
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          <isin value="US03990B1017"/>
          <ticker value="ARES US"/>
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        <balance>3008</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441002.88</valUSD>
        <pctVal>0.3113636701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dow Inc.</name>
        <lei>N/A</lei>
        <title>DOW INC COMMON STOCK USD.01</title>
        <cusip>260557103</cusip>
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          <isin value="US2605571031"/>
          <ticker value="DOW US"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>661140.36</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>HP Inc.</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP INC COMMON STOCK USD.01</title>
        <cusip>40434L105</cusip>
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          <isin value="US40434L1052"/>
          <ticker value="HPQ US"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUB International Ltd</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB INTERNATIONAL LTD SR SECURED 144A 06/30 7.25</title>
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          <isin value="US44332PAH47"/>
          <ticker value="HBGCN"/>
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        <valUSD>51500.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HUB International Ltd</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB INTERNATIONAL LTD SR UNSECURED 144A 01/32 7.375</title>
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          <isin value="US44332PAJ03"/>
          <ticker value="HBGCN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Honda Motor Co. Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>HONDA MOTOR CO LTD COMMON STOCK</title>
        <cusip>643514003</cusip>
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          <isin value="JP3854600008"/>
          <ticker value="7267 JP"/>
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        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VOLT CV LLC VOLT 2021 CF2 A2 144A</name>
        <lei>N/A</lei>
        <title>VOLT CV LLC VOLT 2021 CF2 A2 144A</title>
        <cusip>91835GAB0</cusip>
        <identifiers>
          <isin value="US91835GAB05"/>
          <ticker value="VOLT"/>
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        <balance>511173.56</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498093.96</valUSD>
        <pctVal>0.3516719969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-27</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VOLT CVI LLC VOLT 2021 NP12 A2 144A</name>
        <lei>N/A</lei>
        <title>VOLT CVI LLC VOLT 2021 NP12 A2 144A</title>
        <cusip>92873KAB2</cusip>
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          <isin value="US92873KAB26"/>
          <ticker value="VOLT"/>
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        <curCd>USD</curCd>
        <valUSD>499353.56</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vodacom Group</name>
        <lei>N/A</lei>
        <title>VODACOM GROUP LTD COMMON STOCK</title>
        <cusip>B65B4D905</cusip>
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          <isin value="ZAE000132577"/>
          <ticker value="VOD SJ"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Virgin Media Secured Finance PLC</name>
        <lei>N/A</lei>
        <title>VIRGIN MEDIA SECURED FINANCE P SR SECURED REGS 08/30 4.125</title>
        <cusip>BK1202062</cusip>
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          <isin value="XS2010031214"/>
          <ticker value="VMED"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vz Vendor Financing Ii B.V.</name>
        <lei>N/A</lei>
        <title>VZ VENDOR FINANCING II BV SR UNSECURED REGS 01/29 2.875</title>
        <cusip>BM9454034</cusip>
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          <isin value="XS2272845798"/>
          <ticker value="ZIGGO"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Amentum Holdings Inc.</name>
        <lei>N/A</lei>
        <title>AMENTUM HOLDINGS INC COMPANY GUAR 144A 08/32 7.25</title>
        <cusip>02352BAA3</cusip>
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          <isin value="US02352BAA35"/>
          <ticker value="AMNTEC"/>
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        <curCd>USD</curCd>
        <valUSD>98365.8</valUSD>
        <pctVal>0.0694497426</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amcor plc</name>
        <lei>N/A</lei>
        <title>AMCOR PLC CDI</title>
        <cusip>606660009</cusip>
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          <isin value="AU000000AMC4"/>
          <ticker value="AMC AU"/>
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        <balance>66888</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
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        <pctVal>0.4567763465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TransDigm Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM INC SR SECURED 144A 12/31 7.125</title>
        <cusip>893647BT3</cusip>
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          <isin value="US893647BT37"/>
          <ticker value="TDG"/>
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        <balance>50000</balance>
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        <curCd>USD</curCd>
        <valUSD>51441.9</valUSD>
        <pctVal>0.0363198054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transocean Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>TRANSOCEAN INC SR SECURED 144A 02/30 8.75</title>
        <cusip>893830BX6</cusip>
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          <isin value="US893830BX61"/>
          <ticker value="RIG"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124631.29</valUSD>
        <pctVal>0.0879941098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amber Finco PLC</name>
        <lei>N/A</lei>
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        <cusip>YW0842586</cusip>
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          <isin value="XS2857868942"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust 2020-HQA2</name>
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          <ticker value="STACR"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>719140.2</valUSD>
        <pctVal>0.5077384801</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.054170000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ACRISURE LLC / ACRISURE FINANC SR SECURED 144A 02/29 4.25</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / ACRISURE FINANC SR SECURED 144A 02/29 4.25</title>
        <cusip>00489LAF0</cusip>
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          <isin value="US00489LAF04"/>
          <ticker value="ACRISU"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93566.57</valUSD>
        <pctVal>0.0660613160</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 02/29 8.25</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 02/29 8.25</title>
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          <isin value="US00489LAK98"/>
          <ticker value="ACRISU"/>
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        <curCd>USD</curCd>
        <valUSD>25685.65</valUSD>
        <pctVal>0.0181349796</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bouygues</name>
        <lei>N/A</lei>
        <title>BOUYGUES SA COMMON STOCK EUR1.0</title>
        <cusip>400212908</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
          <ticker value="EN FP"/>
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        <balance>19257</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>759117.05</valUSD>
        <pctVal>0.5359635536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gen Digital Inc.</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN DIGITAL INC COMMON STOCK USD.01</title>
        <cusip>668771108</cusip>
        <identifiers>
          <isin value="US6687711084"/>
          <ticker value="GEN US"/>
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        <balance>11408</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302768.32</valUSD>
        <pctVal>0.2137651693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 06/29 8.5</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / ACRISURE FINANC SR UNSECURED 144A 06/29 8.5</title>
        <cusip>00489LAM5</cusip>
        <identifiers>
          <isin value="US00489LAM54"/>
          <ticker value="ACRISU"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104170</valUSD>
        <pctVal>0.0735477136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</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>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANDARD CHARTERED PLC COMMON STOCK USD.5</title>
        <cusip>040828907</cusip>
        <identifiers>
          <isin value="GB0004082847"/>
          <ticker value="STAN LN"/>
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        <balance>58094</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enerflex Ltd.</name>
        <lei>54930014N7872VUS3F89</lei>
        <title>ENERFLEX LTD SR SECURED 144A 10/27 9</title>
        <cusip>29269RAA3</cusip>
        <identifiers>
          <isin value="US29269RAA32"/>
          <ticker value="EFXCN"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61400.52</valUSD>
        <pctVal>0.0433509442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Payments Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GLOBAL PAYMENTS INC SR UNSECURED 03/31 1.5</title>
        <cusip>37940XAU6</cusip>
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          <isin value="US37940XAU63"/>
          <ticker value="GPN"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61230</valUSD>
        <pctVal>0.0432305511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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              <title>Global Payments, Inc.</title>
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                <ticker value="GPN"/>
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        <name>FMG Resources (August 2006) Pty Ltd</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG RESOURCES AUGUST 2006 PTY COMPANY GUAR 144A 04/30 5.875</title>
        <cusip>30251GBD8</cusip>
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          <isin value="US30251GBD88"/>
          <ticker value="FMGAU"/>
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        <curCd>USD</curCd>
        <valUSD>167880.11</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FTSE 100 IDX FUT 0625</name>
        <lei>N/A</lei>
        <title>FTSE 100 IDX FUT 0625</title>
        <cusip>ADI2QMYL9</cusip>
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          <isin value="GB00M251VK77"/>
          <ticker value="Z M5"/>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Regions Financial Corporation</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>REGIONS FINANCIAL CORP COMMON STOCK USD.01</title>
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          <ticker value="RF US"/>
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        <name>RATCH Group Public Company Limited</name>
        <lei>N/A</lei>
        <title>RATCH GROUP PCL FOREIGN SH. THB10.0 A</title>
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        <assetCat>EC</assetCat>
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        <name>Standard Bank Group</name>
        <lei>N/A</lei>
        <title>STANDARD BANK GROUP LTD COMMON STOCK ZAR.1</title>
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        <name>Gjensidige Forsikring ASA</name>
        <lei>N/A</lei>
        <title>GJENSIDIGE FORSIKRING ASA COMMON STOCK NOK2.0</title>
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        <name>Boels Topholding B.V.</name>
        <lei>N/A</lei>
        <title>BOELS TOPHOLDING BV SR SECURED REGS 05/30 5.75</title>
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          <ticker value="BOELST"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>N/A</lei>
        <title>FORVIA SE SR UNSECURED REGS 06/29 5.125</title>
        <cusip>ZD3727868</cusip>
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          <isin value="XS2774391580"/>
          <ticker value="EOFP"/>
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        <name>Aena SME S.A.</name>
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        <name>GO DADDY OPERATING CO LLC / GD COMPANY GUAR 144A 03/29 3.5</name>
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        <name>ORLEN S.A.</name>
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        <name>Suncorp Group Limited</name>
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        <name>Stockland</name>
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        <name>Sunny Optical Technology (Group) Company Limited</name>
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        <name>Samhallsbyggnadsbolaget I Norden Holding AB</name>
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        <name>MandT Bank Corporation</name>
        <lei>N/A</lei>
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        <name>M/I Homes Inc.</name>
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        <name>RCO X MORTGAGE LLC 2025-1 RCO 2025 1 A2 144A</name>
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        <name>LyondellBasell Industries N.V.</name>
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        <name>Cinemark USA Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
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          <ticker value="CNK"/>
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        <name>Cinemark USA Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
        <title>CINEMARK USA INC COMPANY GUAR 144A 08/32 7</title>
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        <name>Cisco Systems Inc.</name>
        <lei>N/A</lei>
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        <name>Hudson Pacific Properties L.P.</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIES LP COMPANY GUAR 04/29 4.65</title>
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          <ticker value="HPP"/>
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        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
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      <invstOrSec>
        <name>Hudson Pacific Properties L.P.</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIES LP COMPANY GUAR 02/28 5.95</title>
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          <ticker value="HPP"/>
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        <name>JD.com Inc.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC ADR USD.00002</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Level 3 Financing Inc.</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC COMPANY GUAR 144A 07/29 3.75</title>
        <cusip>527298BT9</cusip>
        <identifiers>
          <isin value="US527298BT90"/>
          <ticker value="LVLT"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36373.78</valUSD>
        <pctVal>0.0256811784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen</name>
        <lei>N/A</lei>
        <title>MUENCHENER RUECKVERSICHERUNGS- COMMON STOCK</title>
        <cusip>529412900</cusip>
        <identifiers>
          <isin value="DE0008430026"/>
          <ticker value="MUV2 GR"/>
        </identifiers>
        <balance>746</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>471263.63</valUSD>
        <pctVal>0.3327288326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Limited</name>
        <lei>N/A</lei>
        <title>MTN GROUP LTD COMMON STOCK ZAR.0001</title>
        <cusip>656320900</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
          <ticker value="MTN SJ"/>
        </identifiers>
        <balance>120885</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.335"/>
        <valUSD>813166.62</valUSD>
        <pctVal>0.5741244665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BRANDYWINE OPERATING PARTNERSH COMPANY GUAR 03/28 8.3</title>
        <cusip>105340AR4</cusip>
        <identifiers>
          <isin value="US105340AR47"/>
          <ticker value="BDN"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51785.2</valUSD>
        <pctVal>0.0365621874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.300000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Brandywine Operating Partnership L.P.</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BRANDYWINE OPERATING PARTNERSH COMPANY GUAR 04/29 8.875</title>
        <cusip>105340AS2</cusip>
        <identifiers>
          <isin value="US105340AS20"/>
          <ticker value="BDN"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52370.3</valUSD>
        <pctVal>0.0369752887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MSCI EMGMKT 0625</name>
        <lei>N/A</lei>
        <title>MSCI EMGMKT 0625</title>
        <cusip>ADI2RGML4</cusip>
        <identifiers>
          <isin value="BBG013V2S5C8"/>
          <ticker value="MESM5"/>
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        <balance>52</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>83934.76</valUSD>
        <pctVal>0.0592609167</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES U.S.</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MSCI Emerging Markets Index</indexName>
                <indexIdentifier>MXEF</indexIdentifier>
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            <expDate>2025-06-20</expDate>
            <notionalAmt>-2973054.760000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>83934.760000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cirsa Finance International S.a.r.l.</name>
        <lei>N/A</lei>
        <title>CIRSA FINANCE INTERNATIONAL SA SR SECURED REGS 03/29 6.5</title>
        <cusip>ZF6567639</cusip>
        <identifiers>
          <isin value="XS2760863329"/>
          <ticker value="LHMCFI"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>112276.47</valUSD>
        <pctVal>0.0792711689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Campbell's Company</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>THE CAMPBELL'S COMPANY COMMON STOCK USD.0375</title>
        <cusip>134429109</cusip>
        <identifiers>
          <isin value="US1344291091"/>
          <ticker value="CPB US"/>
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        <balance>2778</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110897.76</valUSD>
        <pctVal>0.0782977507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Carlyle Group Inc.</name>
        <lei>N/A</lei>
        <title>CARLYLE GROUP INC/THE COMMON STOCK USD1.0</title>
        <cusip>14316J108</cusip>
        <identifiers>
          <isin value="US14316J1088"/>
          <ticker value="CG US"/>
        </identifiers>
        <balance>2033</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88618.47</valUSD>
        <pctVal>0.0625677820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Level 3 Financing Inc.</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC SR SECURED 144A 04/29 10.5</title>
        <cusip>527298BX0</cusip>
        <identifiers>
          <isin value="US527298BX03"/>
          <ticker value="LVLT"/>
        </identifiers>
        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55000</valUSD>
        <pctVal>0.0388319502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Level 3 Financing Inc.</name>
        <lei>N/A</lei>
        <title>LEVEL 3 FINANCING INC SECURED 144A 10/30 3.875</title>
        <cusip>527298CF8</cusip>
        <identifiers>
          <isin value="US527298CF87"/>
          <ticker value="LVLT"/>
        </identifiers>
        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45288</valUSD>
        <pctVal>0.0319749338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canon Inc.</name>
        <lei>N/A</lei>
        <title>CANON INC COMMON STOCK</title>
        <cusip>617232004</cusip>
        <identifiers>
          <isin value="JP3242800005"/>
          <ticker value="7751 JP"/>
        </identifiers>
        <balance>19123</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>596315.54</valUSD>
        <pctVal>0.4210199151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teva Pharmaceutical Finance Company LLC</name>
        <lei>5493006PITD7MU7WW480</lei>
        <title>TEVA PHARMACEUTICAL FINANCE CO COMPANY GUAR 02/36 6.15</title>
        <cusip>88163VAD1</cusip>
        <identifiers>
          <isin value="US88163VAD10"/>
          <ticker value="TEVA"/>
        </identifiers>
        <balance>25000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24916.27</valUSD>
        <pctVal>0.0175917701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.150000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOLD EUR/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD EUR/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CGKBBZKSD"/>
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        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19145.96</valUSD>
        <pctVal>0.0135177266</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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            <amtCurSold>2079000.000000000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>2276881.300000000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-06-18</settlementDt>
            <unrealizedAppr>19145.960000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOLD EUR/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD EUR/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CQKBBWMCZ"/>
        </identifiers>
        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10068.12</valUSD>
        <pctVal>-0.0071084497</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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            <amtCurSold>6053400.000000000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>6545350.740000000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-04-30</settlementDt>
            <unrealizedAppr>-10068.120000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terna S.p.A.</name>
        <lei>N/A</lei>
        <title>TERNA - RETE ELETTRICA NAZIONA COMMON STOCK EUR.22</title>
        <cusip>B01BN5908</cusip>
        <identifiers>
          <isin value="IT0003242622"/>
          <ticker value="TRN IM"/>
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        <balance>51366</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>464208.42</valUSD>
        <pctVal>0.3277476042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NatWest Group plc</name>
        <lei>N/A</lei>
        <title>NATWEST GROUP PLC COMMON STOCK GBP1.0769</title>
        <cusip>BM8PJY904</cusip>
        <identifiers>
          <isin value="GB00BM8PJY71"/>
          <ticker value="NWG LN"/>
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        <balance>143089</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>844852.13</valUSD>
        <pctVal>0.5964955601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands II B.V.</name>
        <lei>N/A</lei>
        <title>TEVA PHARMACEUTICAL FINANCE NE COMPANY GUAR 05/30 4.375</title>
        <cusip>BS1759429</cusip>
        <identifiers>
          <isin value="XS2406607171"/>
          <ticker value="TEVA"/>
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        <balance>200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>215487.39</valUSD>
        <pctVal>0.1521417380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOLD EUR/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD EUR/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CRKBCGJCT"/>
        </identifiers>
        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1060.71</valUSD>
        <pctVal>-0.0007488989</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AG</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
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            <amtCurSold>184000.000000000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>198198.730000000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-04-30</settlementDt>
            <unrealizedAppr>-1060.710000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meritage Homes Corporation</name>
        <lei>N/A</lei>
        <title>MERITAGE HOMES CORP COMPANY GUAR 144A 05/28 1.75</title>
        <cusip>59001ABE1</cusip>
        <identifiers>
          <isin value="US59001ABE10"/>
          <ticker value="MTH"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48850</valUSD>
        <pctVal>0.0344898321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Meritage Homes Corp.</name>
              <title>Meritage Homes Corp.</title>
              <curCd>USD</curCd>
              <identifiers>
                <isin value="US59001A1025"/>
                <ticker value="MTH"/>
                <other otherDesc="BLOOMBERG" value="EQ0010074500001000"/>
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          <currencyInfos>
            <currencyInfo convRatio="8.609600000000" curCd="USD"/>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CLEARWAY ENERGY OPERATING LLC COMPANY GUAR 144A 03/28 4.75</title>
        <cusip>18539UAC9</cusip>
        <identifiers>
          <isin value="US18539UAC99"/>
          <ticker value="CWENA"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48466.16</valUSD>
        <pctVal>0.0342188274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>CLEARWAY ENERGY OPERATING LLC COMPANY GUAR 144A 02/31 3.75</title>
        <cusip>18539UAD7</cusip>
        <identifiers>
          <isin value="US18539UAD72"/>
          <ticker value="CWENA"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87851.91</valUSD>
        <pctVal>0.0620265635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mercedes-Benz Group AG</name>
        <lei>N/A</lei>
        <title>MERCEDES-BENZ GROUP AG COMMON STOCK</title>
        <cusip>552902900</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBG GR"/>
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        <balance>2544</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>150278.3</valUSD>
        <pctVal>0.1061018083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>McAfee Corp.</name>
        <lei>N/A</lei>
        <title>MCAFEE CORP SR UNSECURED 144A 02/30 7.375</title>
        <cusip>579063AB4</cusip>
        <identifiers>
          <isin value="US579063AB46"/>
          <ticker value="MCFE"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177015.26</valUSD>
        <pctVal>0.1249790501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Specialty Building Products Holdings LLC</name>
        <lei>N/A</lei>
        <title>SPECIALTY BLDG PRODUCTS HLDGSO 2021 TERM LOAN B</title>
        <cusip>84748EAF7</cusip>
        <identifiers>
          <isin value="US84748EAF79"/>
          <ticker value="SBPLLC"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94694</valUSD>
        <pctVal>0.0668573216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.175</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>SPECIALTY BUILDING PRODUCTS HO SR SECURED 144A 10/29 7.75</name>
        <lei>N/A</lei>
        <title>SPECIALTY BUILDING PRODUCTS HO SR SECURED 144A 10/29 7.75</title>
        <cusip>84749AAC1</cusip>
        <identifiers>
          <isin value="US84749AAC18"/>
          <ticker value="SBPLLC"/>
        </identifiers>
        <balance>25000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23090.99</valUSD>
        <pctVal>0.0163030577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</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>McDonald's Corporation</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>MCDONALD'S CORP COMMON STOCK USD.01</title>
        <cusip>580135101</cusip>
        <identifiers>
          <isin value="US5801351017"/>
          <ticker value="MCD US"/>
        </identifiers>
        <balance>1673</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>522595.01</valUSD>
        <pctVal>0.3689706069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medtronic Public Limited Company</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC COMMON STOCK USD.1</title>
        <cusip>585055106</cusip>
        <identifiers>
          <isin value="IE00BTN1Y115"/>
          <ticker value="MDT US"/>
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        <balance>1371</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123198.06</valUSD>
        <pctVal>0.0869821986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck and Co. Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK and CO INC COMMON STOCK USD.5</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <isin value="US58933Y1055"/>
          <ticker value="MRK US"/>
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        <balance>8848</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>794196.48</valUSD>
        <pctVal>0.5607308750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>African Rainbow Minerals Limited</name>
        <lei>N/A</lei>
        <title>AFRICAN RAINBOW MINERALS LTD COMMON STOCK ZAR.05</title>
        <cusip>604112904</cusip>
        <identifiers>
          <isin value="ZAE000054045"/>
          <ticker value="ARI SJ"/>
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        <balance>9930</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.335"/>
        <valUSD>79315.62</valUSD>
        <pctVal>0.0559996400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spirit AeroSystems Inc.</name>
        <lei>N/A</lei>
        <title>SPIRIT AEROSYSTEMS INC SR SECURED 144A 11/29 9.375</title>
        <cusip>85205TAN0</cusip>
        <identifiers>
          <isin value="US85205TAN00"/>
          <ticker value="SPR"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53338.84</valUSD>
        <pctVal>0.0376591123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPI 200 FUTURES 0625</name>
        <lei>N/A</lei>
        <title>SPI 200 FUTURES 0625</title>
        <cusip>ADI2S5VT0</cusip>
        <identifiers>
          <isin value="BBG01KQDNV03"/>
          <ticker value="XPM5"/>
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        <balance>33</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>-28923.7458010077</valUSD>
        <pctVal>-0.0204211901</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ASX - SYDNEY FUTURES EXCHANGE LIMITED</counterpartyName>
              <counterpartyLei>549300VSBVYUCBIQKT71</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/ASX 200 Index</indexName>
                <indexIdentifier>AS51</indexIdentifier>
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            <expDate>2025-06-19</expDate>
            <notionalAmt>-6507510.900000000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-28923.745801007700</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Constellium SE</name>
        <lei>N/A</lei>
        <title>CONSTELLIUM SE SR UNSECURED REGS 08/32 5.375</title>
        <cusip>YW6709409</cusip>
        <identifiers>
          <isin value="XS2870878456"/>
          <ticker value="CSTM"/>
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        <balance>125000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>132791.19</valUSD>
        <pctVal>0.0937552886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO COMMON STOCK USD.01</title>
        <cusip>345370860</cusip>
        <identifiers>
          <isin value="US3453708600"/>
          <ticker value="F US"/>
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        <balance>9472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95004.16</valUSD>
        <pctVal>0.0670763056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Resources Inc.</name>
        <lei>RIFQSET379FOGTEFKS80</lei>
        <title>FRANKLIN RESOURCES INC COMMON STOCK USD.1</title>
        <cusip>354613101</cusip>
        <identifiers>
          <isin value="US3546131018"/>
          <ticker value="BEN US"/>
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        <balance>36898</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>710286.5</valUSD>
        <pctVal>0.5014874539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOLD JPY/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD JPY/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CGKBBVMNN"/>
        </identifiers>
        <balance>1</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>53603</valUSD>
        <pctVal>0.0378456186</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>STANDARD CHARTERED BANK</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
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      <invstOrSec>
        <name>SOLD JPY/BOUGHT USD</name>
        <lei>N/A</lei>
        <title>SOLD JPY/BOUGHT USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="TRADE ID" value="25CLKBB63KW"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6817.17</valUSD>
        <pctVal>0.0048131637</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>STANDARD CHARTERED BANK</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>athenahealth Group Inc.</name>
        <lei>N/A</lei>
        <title>ATHENAHEALTH GROUP INC SR UNSECURED 144A 02/30 6.5</title>
        <cusip>60337JAA4</cusip>
        <identifiers>
          <isin value="US60337JAA43"/>
          <ticker value="ATHENA"/>
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        <curCd>USD</curCd>
        <valUSD>140701.77</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Atlas Arteria Limited</name>
        <lei>N/A</lei>
        <title>ATLAS ARTERIA LTD STAPLED SECURITY</title>
        <cusip>ACI1308Z4</cusip>
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          <isin value="AU0000013559"/>
          <ticker value="ALX AU"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
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        <pctVal>0.2640806167</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MS and Ad Insurance Group Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MSandAD INSURANCE GROUP HOLDINGS COMMON STOCK</title>
        <cusip>B2Q4CS905</cusip>
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          <isin value="JP3890310000"/>
          <ticker value="8725 JP"/>
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        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
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        <pctVal>0.1693782028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC / CCO HOLDING SR UNSECURED 144A 02/32 4.75</title>
        <cusip>1248EPCQ4</cusip>
        <identifiers>
          <isin value="US1248EPCQ45"/>
          <ticker value="CHTR"/>
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        <balance>295000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261928.97</valUSD>
        <pctVal>0.1849311401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Company</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>MAUSER PACKAGING SOLUTIONS HOL SECURED 144A 04/27 9.25</title>
        <cusip>57763RAC1</cusip>
        <identifiers>
          <isin value="US57763RAC16"/>
          <ticker value="BWY"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47164.92</valUSD>
        <pctVal>0.0333001059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.250000000000</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>Mauser Packaging Solutions Holding Company</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>MAUSER PACKAGING SOLUTIONS HOL SR SECURED 144A 04/27 7.875</title>
        <cusip>57763RAD9</cusip>
        <identifiers>
          <isin value="US57763RAD98"/>
          <ticker value="BWY"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73500</valUSD>
        <pctVal>0.0518936061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEUBERGER BERMAN LOAN ADVISERS NEUB 2024 59A E 144A</name>
        <lei>N/A</lei>
        <title>NEUBERGER BERMAN LOAN ADVISERS NEUB 2024 59A E 144A</title>
        <cusip>640973AA1</cusip>
        <identifiers>
          <isin value="US640973AA12"/>
          <ticker value="NEUB"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>496527.5</valUSD>
        <pctVal>0.3505660206</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.096780000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC SR UNSECURED 05/32 6.625</title>
        <cusip>651229BE5</cusip>
        <identifiers>
          <isin value="US651229BE57"/>
          <ticker value="NWL"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48572.38</valUSD>
        <pctVal>0.0342938225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</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>Mativ Holdings Inc.</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>MATIV HOLDINGS INC COMPANY GUAR 144A 10/29 8</title>
        <cusip>808541AC0</cusip>
        <identifiers>
          <isin value="US808541AC08"/>
          <ticker value="MATV"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64641.03</valUSD>
        <pctVal>0.0456388592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jerrold Finco PLC</name>
        <lei>N/A</lei>
        <title>JERROLD FINCO PLC SR SECURED REGS 04/30 7.875</title>
        <cusip>ZB0044873</cusip>
        <identifiers>
          <isin value="XS2797220782"/>
          <ticker value="JERRGB"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
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        <pctVal>0.0926479920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000</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>Johnson and Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON and JOHNSON COMMON STOCK USD1.0</title>
        <cusip>478160104</cusip>
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          <isin value="US4781601046"/>
          <ticker value="JNJ US"/>
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        <balance>6278</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1041143.52</valUSD>
        <pctVal>0.7350842414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BHP Group Limited</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GROUP LTD COMMON STOCK</title>
        <cusip>614469005</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHP AU"/>
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        <balance>21175</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>513771.95</valUSD>
        <pctVal>0.3627412137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zijin Mining Group Company Limited</name>
        <lei>N/A</lei>
        <title>ZIJIN MINING GROUP CO LTD COMMON STOCK CNY.1</title>
        <cusip>672529906</cusip>
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          <isin value="CNE100000502"/>
          <ticker value="2899 HK"/>
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        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78145"/>
        <valUSD>132516.46</valUSD>
        <pctVal>0.0935613195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Sunnova Helios IV Issuer LLC</name>
        <lei>N/A</lei>
        <title>SUNNOVA HELIOS IV ISSUER LLC SNVA 2020 AA A 144A</title>
        <cusip>86746CAA9</cusip>
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          <isin value="US86746CAA99"/>
          <ticker value="SNVA"/>
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        <balance>227437.61</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202512.95</valUSD>
        <pctVal>0.1429813233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.980000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>SUNOCO LP SR UNSECURED 144A 07/33 6.25</title>
        <cusip>86765KAD1</cusip>
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          <isin value="US86765KAD19"/>
          <ticker value="SUN"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50052.35</valUSD>
        <pctVal>0.0353387338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bertrand Franchise Finance</name>
        <lei>N/A</lei>
        <title>BERTRAND FRANCHISE FINANCE SAS SR SECURED REGS 07/30 6.5</title>
        <cusip>YX3582567</cusip>
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          <isin value="XS2831585786"/>
          <ticker value="BERFRA"/>
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        <balance>125000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>138519.22</valUSD>
        <pctVal>0.0977994809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DT Midstream Inc.</name>
        <lei>N/A</lei>
        <title>DT MIDSTREAM INC COMPANY GUAR 144A 06/31 4.375</title>
        <cusip>23345MAB3</cusip>
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          <isin value="US23345MAB37"/>
          <ticker value="DTMINC"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137971.17</valUSD>
        <pctVal>0.0974125381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W.P. Carey Inc.</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP CAREY INC REIT USD.001</title>
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          <ticker value="WPC US"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Great Canadian Gaming Corporation</name>
        <lei>N/A</lei>
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          <isin value="US389925AA64"/>
          <ticker value="GCCN"/>
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        <curCd>USD</curCd>
        <valUSD>65305.22</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Huntington Bancshares Incorporated</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HUNTINGTON BANCSHARES INC/OH COMMON STOCK USD.01</title>
        <cusip>446150104</cusip>
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          <isin value="US4461501045"/>
          <ticker value="HBAN US"/>
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        <balance>9162</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137521.62</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PEBBLEBROOK HOTEL LP / PEB FIN COMPANY GUAR 144A 10/29 6.375</name>
        <lei>N/A</lei>
        <title>PEBBLEBROOK HOTEL LP / PEB FIN COMPANY GUAR 144A 10/29 6.375</title>
        <cusip>70510LAA7</cusip>
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          <isin value="US70510LAA70"/>
          <ticker value="PEB"/>
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        <curCd>USD</curCd>
        <valUSD>118643.62</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PennyMac Financial Services Inc.</name>
        <lei>N/A</lei>
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        <cusip>70932MAC1</cusip>
        <identifiers>
          <isin value="US70932MAC10"/>
          <ticker value="PFSI"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47454.87</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTERNATIONAL IN COMMON STOCK</title>
        <cusip>718172109</cusip>
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          <isin value="US7181721090"/>
          <ticker value="PM US"/>
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        <balance>9458</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1501268.34</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TeamSystem S.P.A.</name>
        <lei>N/A</lei>
        <title>TEAMSYSTEM SPA SR SECURED REGS 07/31 VAR</title>
        <cusip>YW4172816</cusip>
        <identifiers>
          <isin value="XS2864287466"/>
          <ticker value="TITANL"/>
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        <balance>125000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.0955487740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.285000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>House of HR Group B.V.</name>
        <lei>N/A</lei>
        <title>HOUSE OF HR GROUP BV SR SECURED REGS 11/29 9</title>
        <cusip>ZN8820971</cusip>
        <identifiers>
          <isin value="XS2541618299"/>
          <ticker value="HOUSEH"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
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        <pctVal>0.0775493390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ARZ TRUST 2024-BILT ARZ 2024 BILT F 144A</name>
        <lei>N/A</lei>
        <title>ARZ TRUST 2024-BILT ARZ 2024 BILT F 144A</title>
        <cusip>00218TAN4</cusip>
        <identifiers>
          <isin value="US00218TAN46"/>
          <ticker value="ARZ"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206382.76</valUSD>
        <pctVal>0.1457135464</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.268000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Blackstone Inc.</name>
        <lei>N/A</lei>
        <title>BLACKSTONE INC COMMON STOCK USD.00001</title>
        <cusip>09260D107</cusip>
        <identifiers>
          <isin value="US09260D1072"/>
          <ticker value="BX US"/>
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        <curCd>USD</curCd>
        <valUSD>484617.26</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Blackrock Inc.</name>
        <lei>N/A</lei>
        <title>BLACKROCK INC COMMON STOCK USD.01</title>
        <cusip>09290D101</cusip>
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          <isin value="US09290D1019"/>
          <ticker value="BLK US"/>
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        <curCd>USD</curCd>
        <valUSD>504473.84</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Gaming and Leisure Properties Inc.</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>GAMING AND LEISURE PROPERTIES REIT</title>
        <cusip>36467J108</cusip>
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          <isin value="US36467J1088"/>
          <ticker value="GLPI US"/>
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        <balance>14822</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>754439.8</valUSD>
        <pctVal>0.5326612493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC COMMON STOCK GBP.1</title>
        <cusip>087061008</cusip>
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          <ticker value="LLOY LN"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>CME Group Inc.</name>
        <lei>LCZ7XYGSLJUHFXXNXD88</lei>
        <title>CME GROUP INC COMMON STOCK USD.01</title>
        <cusip>12572Q105</cusip>
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          <ticker value="CME US"/>
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        <curCd>USD</curCd>
        <valUSD>712834.23</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>CNA Financial Corporation</name>
        <lei>549300YX2GSZD7YG1R84</lei>
        <title>CNA FINANCIAL CORP COMMON STOCK USD2.5</title>
        <cusip>126117100</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>N/A</lei>
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        <cusip>18972EAA3</cusip>
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          <ticker value="NOVHOL"/>
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        <valUSD>25138.05</valUSD>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>N/A</lei>
        <title>CLYDESDALE ACQUISITION HOLDING SR SECURED 144A 01/30 6.875</title>
        <cusip>18972EAC9</cusip>
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          <isin value="US18972EAC93"/>
          <ticker value="NOVHOL"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lockheed Martin Corporation</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP COMMON STOCK USD1.0</title>
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          <isin value="US5398301094"/>
          <ticker value="LMT US"/>
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        <curCd>USD</curCd>
        <valUSD>205933.31</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCSK Corporation</name>
        <lei>N/A</lei>
        <title>SCSK CORP COMMON STOCK</title>
        <cusip>685847006</cusip>
        <identifiers>
          <isin value="JP3400400002"/>
          <ticker value="9719 JP"/>
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        <balance>6549</balance>
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        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scripps Escrow Inc.</name>
        <lei>N/A</lei>
        <title>SCRIPPS ESCROW INC COMPANY GUAR 144A 07/27 5.875</title>
        <cusip>81104PAA7</cusip>
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          <isin value="US81104PAA75"/>
          <ticker value="SSP"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41687.21</valUSD>
        <pctVal>0.0294326484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNH Industrial N.V.</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH INDUSTRIAL NV COMMON STOCK EUR.01</title>
        <cusip>N20944109</cusip>
        <identifiers>
          <isin value="NL0010545661"/>
          <ticker value="CNH US"/>
        </identifiers>
        <balance>61673</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>757344.44</valUSD>
        <pctVal>0.5347120281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crown European Holdings</name>
        <lei>N/A</lei>
        <title>CROWN EUROPEAN HOLDINGS SACA COMPANY GUAR REGS 01/30 4.5</title>
        <cusip>YW7614376</cusip>
        <identifiers>
          <isin value="XS2872799734"/>
          <ticker value="CCK"/>
        </identifiers>
        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>164199.25</valUSD>
        <pctVal>0.1159304926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lorca Telecom Bondco SA</name>
        <lei>N/A</lei>
        <title>LORCA TELECOM BONDCO SA SR SECURED REGS 04/29 5.75</title>
        <cusip>ZB5911274</cusip>
        <identifiers>
          <isin value="XS2809217263"/>
          <ticker value="LORCAT"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>112487.69</valUSD>
        <pctVal>0.0794202977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Loxam</name>
        <lei>N/A</lei>
        <title>LOXAM SAS SR SECURED REGS 05/29 6.375</title>
        <cusip>ZG5431371</cusip>
        <identifiers>
          <isin value="XS2732357525"/>
          <ticker value="LOXAM"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>112735.31</valUSD>
        <pctVal>0.0795951262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</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>Garda World Security Corp</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>GARDA WORLD SECURITY CORP SR UNSECURED 144A 08/32 8.25</title>
        <cusip>36485MAN9</cusip>
        <identifiers>
          <isin value="US36485MAN92"/>
          <ticker value="GWCN"/>
        </identifiers>
        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73195.4</valUSD>
        <pctVal>0.0516785477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garda World Security Corp</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>GARDA WORLD SECURITY CORP SR UNSECURED 144A 11/32 8.375</title>
        <cusip>36485MAP4</cusip>
        <identifiers>
          <isin value="US36485MAP41"/>
          <ticker value="GWCN"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98320.95</valUSD>
        <pctVal>0.0694180769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375000000000</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>SAP SE</name>
        <lei>N/A</lei>
        <title>SAP SE COMMON STOCK</title>
        <cusip>484628904</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP GR"/>
        </identifiers>
        <balance>333</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>89227.22</valUSD>
        <pctVal>0.0629975811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sankyo Co. Ltd.</name>
        <lei>N/A</lei>
        <title>SANKYO CO LTD COMMON STOCK</title>
        <cusip>677543001</cusip>
        <identifiers>
          <isin value="JP3326410002"/>
          <ticker value="6417 JP"/>
        </identifiers>
        <balance>20006</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>292348.73</valUSD>
        <pctVal>0.2064085693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENI SPA COMMON STOCK</title>
        <cusip>714505906</cusip>
        <identifiers>
          <isin value="IT0003132476"/>
          <ticker value="ENI IM"/>
        </identifiers>
        <balance>12647</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>195605</valUSD>
        <pctVal>0.1381040657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SandP500 EMINI FUT 0625</name>
        <lei>N/A</lei>
        <title>SandP500 EMINI FUT 0625</title>
        <cusip>ADI2P6BG1</cusip>
        <identifiers>
          <isin value="BBG01FTN83M4"/>
          <ticker value="ESM5"/>
        </identifiers>
        <balance>10</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-19385.24</valUSD>
        <pctVal>-0.0136866668</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S and P 500 Index</indexName>
                <indexIdentifier>SPX</indexIdentifier>
              </indexBasketInfo>
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            <expDate>2025-06-20</expDate>
            <notionalAmt>2846010.240000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-19385.240000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanlam Limited</name>
        <lei>N/A</lei>
        <title>SANLAM LTD COMMON STOCK ZAR.01</title>
        <cusip>B0L675905</cusip>
        <identifiers>
          <isin value="ZAE000070660"/>
          <ticker value="SLM SJ"/>
        </identifiers>
        <balance>54931</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.335"/>
        <valUSD>248083.61</valUSD>
        <pctVal>0.1751558251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garmin Ltd.</name>
        <lei>N/A</lei>
        <title>GARMIN LTD COMMON STOCK CHF.1</title>
        <cusip>H2906T109</cusip>
        <identifiers>
          <isin value="CH0114405324"/>
          <ticker value="GRMN US"/>
        </identifiers>
        <balance>645</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>140048.85</valUSD>
        <pctVal>0.0988794539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Group B.V</name>
        <lei>N/A</lei>
        <title>UNITED GROUP BV SR SECURED REGS 02/31 6.75</title>
        <cusip>ZF4880653</cusip>
        <identifiers>
          <isin value="XS2758078930"/>
          <ticker value="ADRBID"/>
        </identifiers>
        <balance>150000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>164748.54</valUSD>
        <pctVal>0.1163183108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC COMPANY GUAR 144A 01/29 11.75</title>
        <cusip>126307BN6</cusip>
        <identifiers>
          <isin value="US126307BN62"/>
          <ticker value="CSCHLD"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193968.5</valUSD>
        <pctVal>0.1369486386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.750000000000</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>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>EMERSON ELECTRIC CO COMMON STOCK USD.5</title>
        <cusip>291011104</cusip>
        <identifiers>
          <isin value="US2910111044"/>
          <ticker value="EMR US"/>
        </identifiers>
        <balance>739</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81023.96</valUSD>
        <pctVal>0.0572057887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Assicurazioni Generali</name>
        <lei>549300X5UKJVE386ZB61</lei>
        <title>GENERALI COMMON STOCK</title>
        <cusip>405671009</cusip>
        <identifiers>
          <isin value="IT0000062072"/>
          <ticker value="G IM"/>
        </identifiers>
        <balance>9109</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>319990.74</valUSD>
        <pctVal>0.2259248085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Trust Group Inc.</name>
        <lei>N/A</lei>
        <title>SUMITOMO MITSUI TRUST GROUP IN COMMON STOCK</title>
        <cusip>643189905</cusip>
        <identifiers>
          <isin value="JP3892100003"/>
          <ticker value="8309 JP"/>
        </identifiers>
        <balance>30303</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>762765.07</valUSD>
        <pctVal>0.5385391851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noble Finance II LLC</name>
        <lei>N/A</lei>
        <title>NOBLE FINANCE II LLC COMPANY GUAR 144A 04/30 8</title>
        <cusip>65505PAA5</cusip>
        <identifiers>
          <isin value="US65505PAA57"/>
          <ticker value="NEFINA"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99941.21</valUSD>
        <pctVal>0.0705620379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</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>Novelis Corporation</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>NOVELIS CORP COMPANY GUAR 144A 01/30 4.75</title>
        <cusip>670001AE6</cusip>
        <identifiers>
          <isin value="US670001AE60"/>
          <ticker value="HNDLIN"/>
        </identifiers>
        <balance>55000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51282.27</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Northern Star Resources Ltd</name>
        <lei>N/A</lei>
        <title>NORTHERN STAR RESOURCES LTD COMMON STOCK</title>
        <cusip>671745909</cusip>
        <identifiers>
          <isin value="AU000000NST8"/>
          <ticker value="NST AU"/>
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        <balance>6642</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.600384"/>
        <valUSD>76683.03</valUSD>
        <pctVal>0.0541409382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Corporation</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>SUMITOMO CORP COMMON STOCK</title>
        <cusip>685894008</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="8053 JP"/>
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        <balance>16724</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>381605.63</valUSD>
        <pctVal>0.2694271055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Talos Production Inc.</name>
        <lei>N/A</lei>
        <title>TALOS PRODUCTION INC SECURED 144A 02/29 9</title>
        <cusip>87485LAD6</cusip>
        <identifiers>
          <isin value="US87485LAD64"/>
          <ticker value="TALO"/>
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        <balance>25000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25688.53</valUSD>
        <pctVal>0.0181370130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Talos Production Inc.</name>
        <lei>N/A</lei>
        <title>TALOS PRODUCTION INC SECURED 144A 02/31 9.375</title>
        <cusip>87485LAE4</cusip>
        <identifiers>
          <isin value="US87485LAE48"/>
          <ticker value="TALO"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76309.58</valUSD>
        <pctVal>0.0538772692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Telecom Italia Capital S.A.</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>TELECOM ITALIA CAPITAL SA COMPANY GUAR 07/36 7.2</title>
        <cusip>87927VAR9</cusip>
        <identifiers>
          <isin value="US87927VAR96"/>
          <ticker value="TITIM"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60284.88</valUSD>
        <pctVal>0.0425632628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEXAS COMMERCIAL MORTGAGE TRUS TEXAS 2025 TWR D 144A</name>
        <lei>N/A</lei>
        <title>TEXAS COMMERCIAL MORTGAGE TRUS TEXAS 2025 TWR D 144A</title>
        <cusip>88231WAG0</cusip>
        <identifiers>
          <isin value="US88231WAG06"/>
          <ticker value="TEXAS"/>
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        <balance>255000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254522.54</valUSD>
        <pctVal>0.1797019380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.400600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novo Banco S.A.</name>
        <lei>5493009W2E2YDCXY6S81</lei>
        <title>NOVO BANCO SA/LUXEMBOURG SR UNSECURED 01/43 3.5</title>
        <cusip>EK0756636</cusip>
        <identifiers>
          <isin value="XS0877741479"/>
          <ticker value="NOVBNC"/>
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        <balance>25000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>24971.79</valUSD>
        <pctVal>0.0176309692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alexandrite Monnet UK Holdco PLC</name>
        <lei>N/A</lei>
        <title>ALEXANDRITE MONNET UK HOLDCO P SR SECURED REGS 05/29 10.5</title>
        <cusip>ZB8447441</cusip>
        <identifiers>
          <isin value="XS2800001914"/>
          <ticker value="BFIMMO"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>118293.57</valUSD>
        <pctVal>0.0835194548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Ltd.</name>
        <lei>N/A</lei>
        <title>SEKISUI HOUSE LTD COMMON STOCK</title>
        <cusip>679390005</cusip>
        <identifiers>
          <isin value="JP3420600003"/>
          <ticker value="1928 JP"/>
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        <balance>27456</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>614523.48</valUSD>
        <pctVal>0.4338753663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VTB Bank (Public Joint-Stock Company)</name>
        <lei>N/A</lei>
        <title>VTB BANK PJSC DEPOSITORY RECEIPT</title>
        <cusip>46630Q202</cusip>
        <identifiers>
          <isin value="US46630Q2021"/>
          <ticker value="VTBR"/>
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        <balance>55420</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.06</valUSD>
        <pctVal>0.0000000424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allianz SE</name>
        <lei>N/A</lei>
        <title>ALLIANZ SE COMMON STOCK</title>
        <cusip>523148906</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
          <ticker value="ALV GR"/>
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        <balance>3194</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>1222374.39</valUSD>
        <pctVal>0.8630396616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRET 2022-NPL1 LLC PRET 2022 NPL1 A2 144A</name>
        <lei>N/A</lei>
        <title>PRET 2022-NPL1 LLC PRET 2022 NPL1 A2 144A</title>
        <cusip>69362NAC0</cusip>
        <identifiers>
          <isin value="US69362NAC02"/>
          <ticker value="PRET"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>487477.95</valUSD>
        <pctVal>0.3441767174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.438000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pret 2024-NPL6 LLC</name>
        <lei>N/A</lei>
        <title>PRET 2024-NPL6 LLC PRET 2024 NPL6 A2 144A</title>
        <cusip>69381QAB2</cusip>
        <identifiers>
          <isin value="US69381QAB23"/>
          <ticker value="PRET"/>
        </identifiers>
        <balance>260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259303.56</valUSD>
        <pctVal>0.1830775076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.715600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pret 2025-Npl2 LLC</name>
        <lei>N/A</lei>
        <title>PRET 2025-NPL2 LLC PRET 2025 NPL2 A2 144A</title>
        <cusip>69392JAB5</cusip>
        <identifiers>
          <isin value="US69392JAB52"/>
          <ticker value="PRET"/>
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        <balance>290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290610.62</valUSD>
        <pctVal>0.2051814020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.232200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BASF SE</name>
        <lei>N/A</lei>
        <title>BASF SE COMMON STOCK</title>
        <cusip>ACI0054Q2</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS GR"/>
        </identifiers>
        <balance>5012</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>251245.61</valUSD>
        <pctVal>0.1773883092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIED UNIVERSAL HOLDCO LLC/AL SR SECURED REGS 06/28 4.875</name>
        <lei>N/A</lei>
        <title>ALLIED UNIVERSAL HOLDCO LLC/AL SR SECURED REGS 06/28 4.875</title>
        <cusip>BP3350785</cusip>
        <identifiers>
          <isin value="XS2342058034"/>
          <ticker value="UNSEAM"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.774144"/>
        <valUSD>242848.88</valUSD>
        <pctVal>0.1714599201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arena Luxembourg Finance S.a r.l.</name>
        <lei>N/A</lei>
        <title>ARENA LUXEMBOURG FINANCE SARL SR SECURED 144A 05/30 VAR</title>
        <cusip>YQ6771154</cusip>
        <identifiers>
          <isin value="XS3038490507"/>
          <ticker value="EMPARQ"/>
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        <balance>140000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>151459.61</valUSD>
        <pctVal>0.1069358550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.861667</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arena Luxembourg Finance S.a r.l.</name>
        <lei>N/A</lei>
        <title>ARENA LUXEMBOURG FINANCE SARL SR SECURED REGS 02/28 1.875</title>
        <cusip>ZP6096611</cusip>
        <identifiers>
          <isin value="XS2111944133"/>
          <ticker value="EMPARQ"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>102501.69</valUSD>
        <pctVal>0.0723698276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</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>Sunrise FinCo I B.V.</name>
        <lei>N/A</lei>
        <title>SUNRISE FINCO I BV SR SECURED 144A 07/31 4.875</title>
        <cusip>90320BAA7</cusip>
        <identifiers>
          <isin value="US90320BAA70"/>
          <ticker value="SUNN"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181873</valUSD>
        <pctVal>0.1284087867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Trend Micro Incorporated</name>
        <lei>N/A</lei>
        <title>TREND MICRO INC/JAPAN COMMON STOCK</title>
        <cusip>612528901</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <ticker value="4704 JP"/>
        </identifiers>
        <balance>1579</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>106595.03</valUSD>
        <pctVal>0.0752598708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telenor ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>TELENOR ASA COMMON STOCK NOK6.0</title>
        <cusip>473249902</cusip>
        <identifiers>
          <isin value="NO0010063308"/>
          <ticker value="TEL NO"/>
        </identifiers>
        <balance>10103</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.5207"/>
        <valUSD>144361.43</valUSD>
        <pctVal>0.1019242883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telekom Malaysia Berhad</name>
        <lei>N/A</lei>
        <title>TELEKOM MALAYSIA BHD COMMON STOCK</title>
        <cusip>686839002</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
          <ticker value="T MK"/>
        </identifiers>
        <balance>516744</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.4375"/>
        <valUSD>764314.51</valUSD>
        <pctVal>0.5396331447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sbi Holdings Inc.</name>
        <lei>N/A</lei>
        <title>SBI HOLDINGS INC COMMON STOCK</title>
        <cusip>630946903</cusip>
        <identifiers>
          <isin value="JP3436120004"/>
          <ticker value="8473 JP"/>
        </identifiers>
        <balance>27322</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>737774.02</valUSD>
        <pctVal>0.5208946177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Belron UK Finance PLC</name>
        <lei>N/A</lei>
        <title>BELRON UK FINANCE PLC SR SECURED 144A 10/29 5.75</title>
        <cusip>080782AA3</cusip>
        <identifiers>
          <isin value="US080782AA38"/>
          <ticker value="BELRON"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198600</valUSD>
        <pctVal>0.1402186418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>EOG Resources Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG RESOURCES INC COMMON STOCK USD.01</title>
        <cusip>26875P101</cusip>
        <identifiers>
          <isin value="US26875P1012"/>
          <ticker value="EOG US"/>
        </identifiers>
        <balance>2868</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367792.32</valUSD>
        <pctVal>0.2596744189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exxon Mobil Corporation</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>EXXON MOBIL CORP COMMON STOCK</title>
        <cusip>30231G102</cusip>
        <identifiers>
          <isin value="US30231G1022"/>
          <ticker value="XOM US"/>
        </identifiers>
        <balance>14105</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1677507.65</valUSD>
        <pctVal>1.1843798810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>SAMSUNG ELECTRONICS CO LTD PREFERENCE</title>
        <cusip>677381907</cusip>
        <identifiers>
          <isin value="KR7005931001"/>
          <ticker value="005935 KS"/>
        </identifiers>
        <balance>18642</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>603392.55</valUSD>
        <pctVal>0.4260165350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rumo Luxembourg S.a r.l.</name>
        <lei>N/A</lei>
        <title>RUMO LUXEMBOURG SARL COMPANY GUAR REGS 01/32 4.2</title>
        <cusip>BR4709845</cusip>
        <identifiers>
          <isin value="USL79090AD51"/>
          <ticker value="RAILBZ"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176113.12</valUSD>
        <pctVal>0.1243421072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</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>Eolo S.P.A.</name>
        <lei>N/A</lei>
        <title>EOLO SPA SR SECURED REGS 10/28 4.875</title>
        <cusip>BR7686255</cusip>
        <identifiers>
          <isin value="XS2394823418"/>
          <ticker value="EOLOSP"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>97142.58</valUSD>
        <pctVal>0.0685861059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Samsung Fire and Marine Insurance Co. Ltd.</name>
        <lei>N/A</lei>
        <title>SAMSUNG FIRE and MARINE INSURANC PREFERENCE</title>
        <cusip>615526902</cusip>
        <identifiers>
          <isin value="KR7000811000"/>
          <ticker value="000815 KS"/>
        </identifiers>
        <balance>628</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.5"/>
        <valUSD>115979.11</valUSD>
        <pctVal>0.0818853640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDS VOLKSWAGEN AKTIENGESELLSCHAFT P 100 20300620</name>
        <lei>N/A</lei>
        <title>CDS VOLKSWAGEN AKTIENGESELLSCHAFT P 100 20300620</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Identifier" value="99D10MSI9"/>
        </identifiers>
        <balance>97000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>846.77</valUSD>
        <pctVal>0.0005978496</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Intercontinental Exchange</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Volkswagen AG</issuerName>
                <issueTitle>Volkswagen AG</issueTitle>
                <identifiers>
                  <isin value="XS2604697891"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Buying protection on reference asset</otherRecDesc>
            <fixedPmntDesc amount="26.22" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2030-06-20</terminationDt>
            <upfrontPmnt>800.510000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>97000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>46.26</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDS HSBC HOLDINGS plc P 100 20291220</name>
        <lei>N/A</lei>
        <title>CDS HSBC HOLDINGS plc P 100 20291220</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Identifier" value="99D0Z5U55"/>
        </identifiers>
        <balance>200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.924813"/>
        <valUSD>-1076.91</valUSD>
        <pctVal>-0.0007603366</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Intercontinental Exchange</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>HSBC Holdings PLC</issuerName>
                <issueTitle>HSBC Holdings PLC</issueTitle>
                <identifiers>
                  <isin value="XSSUBREFOBL0"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Buying protection on reference asset</otherRecDesc>
            <fixedPmntDesc amount="72.09" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2029-12-20</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>2040.200000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>200000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>963.29</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDS Ford Motor Company P 500 20300620</name>
        <lei>N/A</lei>
        <title>CDS Ford Motor Company P 500 20300620</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Identifier" value="99D10NV69"/>
        </identifiers>
        <balance>91000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-11836.96</valUSD>
        <pctVal>-0.0083573135</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Intercontinental Exchange</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Ford Motor Company</issuerName>
                <issueTitle>Ford Motor Company</issueTitle>
                <identifiers>
                  <isin value="US345370CR99"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Buying protection on reference asset</otherRecDesc>
            <fixedPmntDesc amount="151.67" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2030-06-20</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>12717.990000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>91000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>881.03</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deduction of sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>John Hancock Diversified Income Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/Salvatore Schiavone</ncom:signature>
      <ncom:signerName>Salvatore Schiavone</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
