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        <name>SFS Auto Receivables Securitization Trust</name>
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        <name>N/A</name>
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        <name>GECU Auto Receivables Trust</name>
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        <name>N/A</name>
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        <name>Hyundai Auto Receivables Trust</name>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
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        <name>AXIS Equipment Finance Receivables LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Nissan Auto Receivables Owner Trust</name>
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        <name>Ford Credit Auto Lease Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Toyota Lease Owner Trust</name>
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        <name>Volkswagen Auto Loan Enhanced Trust</name>
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        <name>N/A</name>
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        <name>John Deere Owner Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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              <counterpartyName>ICE Futures Europe</counterpartyName>
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        <name>Hyundai Auto Lease Securitization Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Capital One Prime Auto Receivables Trust</name>
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        <name>Ally Auto Receivables Trust</name>
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        <name>Daimler Trucks Retail Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-18</maturityDt>
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          <annualizedRt>4.87000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <indexName>CBOT Soybean Meal Futures</indexName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Bloomberg Identifier" value="BBG013Y42138"/>
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        <balance>485.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>CBOT Corn Futures</indexName>
                <indexIdentifier>C Z5 Comdty</indexIdentifier>
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      <invstOrSec>
        <name>BofA Auto Trust</name>
        <lei>N/A</lei>
        <title>BofA Auto Trust 2024-1</title>
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          <isin value="US09709AAB89"/>
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        <balance>754935.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>756290.16000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENERAL ELECTRIC CO</name>
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          <isin value="US36962GW752"/>
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        <curCd>USD</curCd>
        <valUSD>2515345.07000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENBRIDGE ENERGY PARTNERS</name>
        <lei>CZ6VG2MNE1J6YDI02G48</lei>
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          <isin value="US29250RAW60"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JOHN DEERE CAPITAL CORP</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp</title>
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          <isin value="US24422EXS35"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-11</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Citizens Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Citizens Auto Receivables Trust 2024-2</title>
        <cusip>17331XAB7</cusip>
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          <isin value="US17331XAB73"/>
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        <balance>833104.87000000</balance>
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        <curCd>USD</curCd>
        <valUSD>834343.45000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp</title>
        <cusip>857477CE1</cusip>
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          <isin value="US857477CE17"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>702903.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CARBON EMISSIONS FUTURES</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Bloomberg Identifier" value="BBG005Q29NV1"/>
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        <balance>34.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ICE Endex Derivatives</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>Carbon Emissions Futures</indexName>
                <indexIdentifier>MOZ25 Index</indexIdentifier>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Tesla Auto Lease Trust 2024-A</title>
        <cusip>88166VAB2</cusip>
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          <isin value="US88166VAB27"/>
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        <balance>22602.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22619.65000000</valUSD>
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        <assetCat>ABS-O</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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        <name>SBNA Auto Lease Trust</name>
        <lei>N/A</lei>
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        <cusip>78437KAB0</cusip>
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          <isin value="US78437KAB08"/>
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        <balance>686000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY BANK NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank NA</title>
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          <isin value="US61690U8F08"/>
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        <balance>4090000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Ford Credit Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Lease Trust 2025-A</title>
        <cusip>345282AB3</cusip>
        <identifiers>
          <isin value="US345282AB39"/>
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        <balance>1107000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FIFTH THIRD BANK NA</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>COFFEE 'C' FUTURE JUL25</title>
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        <balance>64.00000000</balance>
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              <counterpartyName>ICE Futures U.S., Inc.</counterpartyName>
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                <indexName>NYBOT CSC C Coffee Futures</indexName>
                <indexIdentifier>KCN5 Comdty</indexIdentifier>
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        <name>CNH Equipment Trust</name>
        <lei>N/A</lei>
        <title>CNH Equipment Trust 2024-B</title>
        <cusip>18978JAC2</cusip>
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          <isin value="US18978JAC27"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>State Street Global Advisors</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toyota Auto Receivables Owner Trust</name>
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          <isin value="US89239TAB89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PEPSICO SINGAPORE FIN</name>
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        <title>Pepsico Singapore Financing I Pte Ltd</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citizens Auto Receivables Trust</name>
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          <isin value="US17295FAB04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
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        <title>Capital One Financial Corp</title>
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          <isin value="US14040HCU77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
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          <isin value="US14290DAB73"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATHENE GLOBAL FUNDING</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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          <isin value="US04685A4F53"/>
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        <balance>2175000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-07</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BMW Vehicle Lease Trust</name>
        <lei>N/A</lei>
        <title>BMW Vehicle Lease Trust</title>
        <cusip>05613MAB5</cusip>
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          <isin value="US05613MAB54"/>
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        <balance>916904.47000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME LEAD FUTURE JUL25</title>
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          <other otherDesc="Bloomberg Identifier" value="BBG00SY3WHT0"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>TOYOTA MOTOR CREDIT CORP</name>
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        <title>Toyota Motor Credit Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>DLLAA LLC</name>
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        <name>ORACLE CORP</name>
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        <name>Nissan Auto Receivables Owner Trust</name>
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        <title>Nissan Auto Receivables 2024-B Owner Trust</title>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DLLST LLC</name>
        <lei>N/A</lei>
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        <balance>54882.54000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>Hyundai Auto Receivables Trust</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>London Metal Exchange</counterpartyName>
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                <indexName>LME Tin Futures</indexName>
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        <name>N/A</name>
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          <other otherDesc="Bloomberg Identifier" value="BBG01C6NL9J2"/>
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              <counterpartyName>ICE Futures U.S., Inc.</counterpartyName>
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                <indexName>NYBOT CTN Number 2 Cotton Futures</indexName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Bloomberg Identifier" value="BBG01LQ63ZC6"/>
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              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
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        <name>CVS Health Corp</name>
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          <isin value="US126650CL25"/>
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      <invstOrSec>
        <name>Toyota Auto Receivables Owner Trust</name>
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          <isin value="US89231FAB67"/>
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          <maturityDt>2026-08-17</maturityDt>
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        <name>TCI Communications Inc</name>
        <lei>N/A</lei>
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        <name>Verizon Master Trust</name>
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        <name>CNH Equipment Trust</name>
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        <name>Hyundai Auto Receivables Trust</name>
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        <name>N/A</name>
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        <name>STATE STREET CORP</name>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
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        <name>N/A</name>
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        <name>Porsche Innovative Lease Owner Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>GM Financial Securitized Term Auto Receivables Tr</name>
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        <name>Volkswagen Auto Loan Enhanced Trust</name>
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        <name>N/A</name>
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        <name>Dell Equipment Finance Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Tesla Auto Lease Trust</name>
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        <name>Simon Property Group LP</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Auxilior Term Funding LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
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          <isin value="US44935CAB72"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Bloomberg Identifier" value="BBG013Y425Y5"/>
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      <invstOrSec>
        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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      <invstOrSec>
        <name>Honda Auto Receivables Owner Trust</name>
        <lei>N/A</lei>
        <title>Honda Auto Receivables 2024-4 Owner Trust</title>
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          <isin value="US43816DAB10"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
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          <isin value="US64953BBQ05"/>
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        <balance>2480000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRISTOL-MYERS SQUIBB CO</name>
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          <isin value="US110122EM67"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>NEXTERA ENERGY CAPITAL</name>
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        <title>NextEra Energy Capital Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Volkswagen Auto Lease Trust</name>
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        <title>Volkswagen Auto Lease Trust 2024-A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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                <indexName>Robusta Coffee Futures 10-Tonne</indexName>
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        <name>UBS GROUP AG</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>CVS HEALTH CORP</name>
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        <name>N/A</name>
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        <balance>97.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>126633.40000000</valUSD>
        <pctVal>0.059114098457</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>New York Mercantile Exchange</counterpartyName>
              <counterpartyLei>5493008GFNDTXFPHWI47</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>NYMEX Light Sweet Crude Oil Futures</indexName>
                <indexIdentifier>CLX5 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-10-21</expDate>
            <notionalAmt>5518766.60000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>126633.40000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PALLADIUM FUTURE SEP25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="ADI2W4716"/>
        </identifiers>
        <balance>14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-980.98000000</valUSD>
        <pctVal>-0.00045793407</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>New York Mercantile Exchange</counterpartyName>
              <counterpartyLei>5493008GFNDTXFPHWI47</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>NYMEX Palladium Futures</indexName>
                <indexIdentifier>PAU5 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-26</expDate>
            <notionalAmt>1357020.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-980.98000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc</title>
        <cusip>11135FBB6</cusip>
        <identifiers>
          <isin value="US11135FBB67"/>
        </identifiers>
        <balance>2125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2111148.00000000</valUSD>
        <pctVal>0.985511016289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>World Omni Automobile Lease Securitization Trust</name>
        <lei>N/A</lei>
        <title>World Omni Automobile Lease Securitization Trust 2025-A</title>
        <cusip>98164PAB6</cusip>
        <identifiers>
          <isin value="US98164PAB67"/>
        </identifiers>
        <balance>323000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>322502.71000000</valUSD>
        <pctVal>0.150548409438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</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>ENTERPRISE PRODUCTS OPER</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VBH5</cusip>
        <identifiers>
          <isin value="US29379VBH50"/>
        </identifiers>
        <balance>2180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2167501.99000000</valUSD>
        <pctVal>1.011817783014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME COPPER FUTURE JUL25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG0089K9P49"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8322.00000000</valUSD>
        <pctVal>0.003884816544</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>London Metal Exchange</counterpartyName>
              <counterpartyLei>213800NB8G5VRT1DXC91</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>LME Copper Futures</indexName>
                <indexIdentifier>LPN25 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>1422292.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8322.00000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME PRI ALUM FUTR JUL25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG0089K9P67"/>
        </identifiers>
        <balance>-179.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>50751.88000000</valUSD>
        <pctVal>0.023691629785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>London Metal Exchange</counterpartyName>
              <counterpartyLei>213800NB8G5VRT1DXC91</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>LME Primary Aluminum Futures</indexName>
                <indexIdentifier>LAN25 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>-10962323.38000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>50751.88000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC BANK NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
        <title>PNC Bank NA</title>
        <cusip>69353RFW3</cusip>
        <identifiers>
          <isin value="US69353RFW34"/>
        </identifiers>
        <balance>2595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2595522.58000000</valUSD>
        <pctVal>1.211623294822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.84000000</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>State Street Global Advisors</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional U.S. Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>122471.27000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122471.27000000</valUSD>
        <pctVal>0.057171162686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Citibank NA</title>
        <cusip>17325FBM9</cusip>
        <identifiers>
          <isin value="US17325FBM95"/>
        </identifiers>
        <balance>4550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4545438.63000000</valUSD>
        <pctVal>2.121869164896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06000000</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>N/A</name>
        <lei>N/A</lei>
        <title>RED WHEAT FUT MGE JUL25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01HMTNTS4"/>
        </identifiers>
        <balance>56.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8510.32000000</valUSD>
        <pctVal>0.003972726740</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Minneapolis Grain Exchange</counterpartyName>
              <counterpartyLei>549300RGCVWZUN04IA69</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MGE Red Wheat Futures</indexName>
                <indexIdentifier>MWN5 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-07-14</expDate>
            <notionalAmt>1742889.68000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8510.32000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARSH &amp; MCLENNAN COS INC</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos Inc</title>
        <cusip>571748BZ4</cusip>
        <identifiers>
          <isin value="US571748BZ47"/>
        </identifiers>
        <balance>730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>730655.05000000</valUSD>
        <pctVal>0.341079166824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Neuberger Berman ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>John McGovern</ncom:signature>
      <ncom:signerName>John McGovern</ncom:signerName>
      <ncom:title>Treasuer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
