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        <curCd>USD</curCd>
        <valUSD>-559466.78000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>1MDB GLOBAL INVESTMENTS</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="XS0906085179"/>
          <other otherDesc="SEDOL" value="B92NBN9"/>
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        <curCd>USD</curCd>
        <valUSD>2675848.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VG</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
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        <curCd>USD</curCd>
        <valUSD>-322260.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <collateralVal>426564.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE4436V9"/>
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        <balance>-451359.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-451359.00000000</valUSD>
        <pctVal>-0.92779588274</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>657000.00000000</principalAmt>
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              <collateralVal>558581.40000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF SOUTH AFRICA</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAG000096173"/>
          <other otherDesc="SEDOL" value="B8S1C48"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.12875000"/>
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        <pctVal>0.424931085745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE343KK9"/>
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        <balance>-649000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-649000.00000000</valUSD>
        <pctVal>-1.33405898166</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>1375000.00000000</principalAmt>
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              <collateralVal>820462.50000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POINSETTIA FINANCE LTD</name>
        <lei>549300P2JTF5JKW10Z65</lei>
        <title>Poinsettia Finance Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USG7150PAA87"/>
          <other otherDesc="SEDOL" value="BD8CY39"/>
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        <balance>10344390.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9678469.89000000</valUSD>
        <pctVal>19.89468364486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>03846JW89</cusip>
        <identifiers>
          <isin value="US03846JW891"/>
          <other otherDesc="SEDOL" value="BGSGVZ3"/>
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        <balance>1725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1091062.50000000</valUSD>
        <pctVal>2.242745343114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.70020000</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>GRAN TIERRA ENERGY INTL</name>
        <lei>549300RQNK5SS6I0T293</lei>
        <title>Gran Tierra Energy International Holdings Ltd</title>
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        <identifiers>
          <isin value="US38502HAA32"/>
          <other otherDesc="SEDOL" value="BG0VL56"/>
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        <balance>657000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>558573.19000000</valUSD>
        <pctVal>1.148181172628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE4437G1"/>
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        <balance>-181151.25000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-181151.25000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <maturityDt>2099-01-01</maturityDt>
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            <repurchaseCollateral>
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              <invstCat>CDS</invstCat>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
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        <identifiers>
          <isin value="US03846JW552"/>
          <other otherDesc="SEDOL" value="BF0V3R5"/>
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        <balance>2050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1224875.00000000</valUSD>
        <pctVal>2.517805077296</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TITULOS DE TESORERIA</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombian TES</title>
        <cusip>000000000</cusip>
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          <isin value="COL17CT03615"/>
          <other otherDesc="SEDOL" value="BHPGGV4"/>
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        <balance>7495000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS REPUBLIC OF ARGENTINA</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="SPQS01O57"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2612652.58000000</valUSD>
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        <assetCat>DCR</assetCat>
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                <issuerName>REPUBLIC OF ARGENTINA</issuerName>
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                  <isin value="US040114HX11"/>
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      <invstOrSec>
        <name>GOL FINANCE SA</name>
        <lei>5299007RH8MA67ZC6J07</lei>
        <title>Gol Finance SA</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>CDS ESKOM HOLDINGS SOC LTD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="SP9N5C2B9"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-701990.67000000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BARCLAYS CAPITAL INC.</counterpartyName>
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                <issuerName>ESKOM HOLDINGS SOC LTD</issuerName>
                <issueTitle>Eskom Holdings SOC Ltd</issueTitle>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
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            <upfrontRcpt>-691356.21000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>-10634.46000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CFG1</cusip>
        <identifiers>
          <isin value="US91282CFG15"/>
          <other otherDesc="SEDOL" value="BQ0LTZ2"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4978515.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE43Z896"/>
        </identifiers>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-693916.05000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
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          <repurchaseRt>3.45000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1081000.00000000</principalAmt>
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              <collateralVal>853990.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEB3X1P6"/>
        </identifiers>
        <balance>-1435871.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1435871.38000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2970000.00000000</principalAmt>
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              <collateralVal>1826550.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>65412JAU7</cusip>
        <identifiers>
          <isin value="US65412JAU79"/>
          <other otherDesc="SEDOL" value="BP928P2"/>
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        <balance>1281000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1011990.00000000</valUSD>
        <pctVal>2.080207009019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE33Z3A0"/>
        </identifiers>
        <balance>-871003.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-871003.11000000</valUSD>
        <pctVal>-1.79039987974</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.30000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1725000.00000000</principalAmt>
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              <collateralVal>1091062.50000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI INTERNATIONAL BOND</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Saudi Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1508675417"/>
          <other otherDesc="SEDOL" value="BYQ6MG9"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>885375.00000000</valUSD>
        <pctVal>1.819942173945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1980256314"/>
          <other otherDesc="SEDOL" value="BJJNTR2"/>
        </identifiers>
        <balance>246000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.99507438"/>
        <valUSD>165635.86000000</valUSD>
        <pctVal>0.340474586623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>REPUBLIC OF GHANA</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government International Bond</title>
        <cusip>37443GAM3</cusip>
        <identifiers>
          <isin value="US37443GAM33"/>
          <other otherDesc="SEDOL" value="BMTRF11"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>900000.00000000</valUSD>
        <pctVal>1.850004751151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEA42UD0"/>
        </identifiers>
        <balance>-122850.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-122850.00000000</valUSD>
        <pctVal>-0.25252564853</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>350000.00000000</principalAmt>
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              <collateralVal>185500.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPED3Z5A6"/>
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        <balance>-356492.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-356492.08000000</valUSD>
        <pctVal>-0.73279115749</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>702000.00000000</principalAmt>
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              <collateralVal>475605.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIXSIGMA NETWORKS MEXICO</name>
        <lei>5493000VGOF3UCTUXW26</lei>
        <title>Sixsigma Networks Mexico SA de CV</title>
        <cusip>83006LAB9</cusip>
        <identifiers>
          <isin value="US83006LAB99"/>
          <other otherDesc="SEDOL" value="BDFBVS3"/>
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        <balance>1068000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>885972.75000000</valUSD>
        <pctVal>1.821170885434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</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>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS REPUBLIC OF ARGENTINA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="SP1828AK3"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2612652.58000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE, INC.</counterpartyName>
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                <issuerName>REPUBLIC OF ARGENTINA</issuerName>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
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          <other otherDesc="INTERNAL" value="RPEA3YWT4"/>
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        <curCd>USD</curCd>
        <valUSD>-457970.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
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          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS REPUBLIC OF ARGENTINA</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="SP4C00D27"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1485322.36000000</valUSD>
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        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE, INC.</counterpartyName>
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                <issuerName>REPUBLIC OF ARGENTINA</issuerName>
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                  <isin value="US040114HX11"/>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
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            <terminationDt>2025-12-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-467155.81000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2250000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1018166.55000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>65412JAK9</cusip>
        <identifiers>
          <isin value="US65412JAK97"/>
          <other otherDesc="SEDOL" value="BFY66Y4"/>
        </identifiers>
        <balance>434000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338520.00000000</valUSD>
        <pctVal>0.695848453733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.74700000</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE93Z7W5"/>
        </identifiers>
        <balance>-1234722.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1234722.22000000</valUSD>
        <pctVal>-2.53804663705</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.65000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2500000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1310500.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF SOUTH AFRICA</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAG000077488"/>
          <other otherDesc="SEDOL" value="B5VV9G5"/>
        </identifiers>
        <balance>14700000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.12875000"/>
        <valUSD>540175.51000000</valUSD>
        <pctVal>1.110363622172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>REP OF ANGOLA(AVENIR II)</name>
        <lei>724500CRIYMKEWLTHZ15</lei>
        <title>Republic of Angola Via Avenir II BV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PTAVBBOT0002"/>
          <other otherDesc="SEDOL" value="BH3VG33"/>
        </identifiers>
        <balance>339000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342390.00000000</valUSD>
        <pctVal>0.703803474163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.60929000</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>DEVELOPMENT BANK BELARUS</name>
        <lei>253400D4JRB0M70A0687</lei>
        <title>Development Bank of the Republic of Belarus JSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1904731129"/>
          <other otherDesc="SEDOL" value="BK4PGF7"/>
        </identifiers>
        <balance>1335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213600.00000000</valUSD>
        <pctVal>0.439067794273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>REPUBLIC OF GHANA</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government International Bond</title>
        <cusip>37443GAC5</cusip>
        <identifiers>
          <isin value="US37443GAC50"/>
          <other otherDesc="SEDOL" value="BJ2CHJ4"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80543.13000000</valUSD>
        <pctVal>0.165561303525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THETA CAPITAL PTE LTD</name>
        <lei>2549003I5QVCGQHCYJ52</lei>
        <title>Theta Capital Pte Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2099273737"/>
          <other otherDesc="SEDOL" value="BKP8ZV4"/>
        </identifiers>
        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540720.00000000</valUSD>
        <pctVal>1.111482854491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE33Z3G7"/>
        </identifiers>
        <balance>-948152.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-948152.33000000</valUSD>
        <pctVal>-1.94898479479</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.30000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2500000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>900000.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE43Z5L2"/>
        </identifiers>
        <balance>-241372.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-241372.24000000</valUSD>
        <pctVal>-0.49615532310</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>368000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>305292.80000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF GHANA</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2325748106"/>
          <other otherDesc="SEDOL" value="BMTR0M7"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262500.00000000</valUSD>
        <pctVal>0.539584719085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE13XTW3"/>
        </identifiers>
        <balance>-540791.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-540791.54000000</valUSD>
        <pctVal>-1.11162990931</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.30000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1083000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>756258.90000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF GABON</name>
        <lei>N/A</lei>
        <title>Gabon Government International Bond</title>
        <cusip>362420AC5</cusip>
        <identifiers>
          <isin value="US362420AC51"/>
          <other otherDesc="SEDOL" value="BZ0P3V1"/>
        </identifiers>
        <balance>832000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>712296.00000000</valUSD>
        <pctVal>1.464167760251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAN TIERRA ENERGY INC</name>
        <lei>549300IH2S17MAIUCM32</lei>
        <title>Gran Tierra Energy Inc</title>
        <cusip>38502JAA9</cusip>
        <identifiers>
          <isin value="US38502JAA97"/>
          <other otherDesc="SEDOL" value="BHRH2J5"/>
        </identifiers>
        <balance>857000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>703839.17000000</valUSD>
        <pctVal>1.446784231718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEA3YUW9"/>
        </identifiers>
        <balance>-985941.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-985941.52000000</valUSD>
        <pctVal>-2.02666277373</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2349614.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1231667.66000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE83ZJF1"/>
        </identifiers>
        <balance>-392660.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-392660.67000000</valUSD>
        <pctVal>-0.80713789454</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.65000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>640000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>540736.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TULLOW OIL PLC</name>
        <lei>2138003EYHWO75RKS857</lei>
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      <invstOrSec>
        <name>Neon Capital Ltd/KY</name>
        <lei>549300K1NZTY5QS1NO76</lei>
        <title>Republic of Iraq CLN</title>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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            <repurchaseCollateral>
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      <invstOrSec>
        <name>Republic of Iraq CLN</name>
        <lei>N/A</lei>
        <title>Republic of Iraq CLN</title>
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          <other otherDesc="INTERNAL" value="XS0818794439"/>
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        <invCountry>IQ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
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      <invstOrSec>
        <name>PROVINCIA DE ENTRE RIOS</name>
        <lei>529900YISSWARKQRS409</lei>
        <title>Provincia de Entre Rios Argentina</title>
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          <isin value="USP37341AA50"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>426579.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>000000000</cusip>
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          <isin value="MX95PE1X00J5"/>
          <other otherDesc="SEDOL" value="BV9GKM7"/>
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        <balance>30590000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2026-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RUSSIAN FEDERATION</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>Russian Foreign Bond - Eurobond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A1006S9"/>
          <other otherDesc="SEDOL" value="BJ9SC78"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RUSSIA GOVT BOND - OFZ</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>Russian Federal Bond - OFZ</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A100EF5"/>
          <other otherDesc="SEDOL" value="BJXXZL4"/>
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        <balance>138790000.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="61.00000000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
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          <maturityDt>2039-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="RPEB40WZ1"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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        <name>REPUBLIC OF ECUADOR</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Ecuador Government International Bond</title>
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          <isin value="XS2214238524"/>
          <other otherDesc="SEDOL" value="BMGR2F7"/>
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        <balance>93000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-31</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>THETA CAPITAL PTE LTD</name>
        <lei>2549003I5QVCGQHCYJ52</lei>
        <title>Theta Capital Pte Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="XS1506085114"/>
          <other otherDesc="SEDOL" value="BYX8V49"/>
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        <curCd>USD</curCd>
        <valUSD>762103.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>MXN/USD FORWARD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="52KNGCQSH9H5R9CN"/>
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        <valUSD>-39843.63000000</valUSD>
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        <name>REP OF ANGOLA(AVENIR II)</name>
        <lei>724500CRIYMKEWLTHZ15</lei>
        <title>Republic of Angola Via Avenir II BV</title>
        <cusip>000000000</cusip>
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          <isin value="PTAVBAOT0003"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>ISLAMIC REP OF PAKISTAN</name>
        <lei>529900LOP29R5WKHOD86</lei>
        <title>Pakistan Government International Bond</title>
        <cusip>695847AS2</cusip>
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          <isin value="US695847AS28"/>
          <other otherDesc="SEDOL" value="BNGCFR2"/>
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        <curCd>USD</curCd>
        <valUSD>938846.54000000</valUSD>
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        <name>REPUBLIC OF EL SALVADOR</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>El Salvador Government International Bond</title>
        <cusip>000000000</cusip>
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          <isin value="XS0146173371"/>
          <other otherDesc="SEDOL" value="7351778"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139757.81000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEB40X23"/>
        </identifiers>
        <balance>-683436.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-683436.00000000</valUSD>
        <pctVal>-1.40484427456</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1011000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>845499.30000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP78625DC49"/>
          <other otherDesc="SEDOL" value="BF8H9M2"/>
        </identifiers>
        <balance>43400000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="20.14650000"/>
        <valUSD>1959398.03000000</valUSD>
        <pctVal>4.027661849885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.19000000</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>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>03846JX39</cusip>
        <identifiers>
          <isin value="US03846JX394"/>
          <other otherDesc="SEDOL" value="BKLKMY6"/>
        </identifiers>
        <balance>491000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304420.00000000</valUSD>
        <pctVal>0.625753829272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.15000000</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>PETROLEOS DE VENEZUELA S</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>Petroleos de Venezuela SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP7807HAQ85"/>
          <other otherDesc="SEDOL" value="B7XSMN6"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67500.00000000</valUSD>
        <pctVal>0.138750356336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VEDANTA RESOURCES</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>Vedanta Resources Finance II PLC</title>
        <cusip>92243XAE1</cusip>
        <identifiers>
          <isin value="US92243XAE13"/>
          <other otherDesc="SEDOL" value="BNKHCM7"/>
        </identifiers>
        <balance>863000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664510.00000000</valUSD>
        <pctVal>1.365940730208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.95000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE83ZFF5"/>
        </identifiers>
        <balance>-201969.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-201969.00000000</valUSD>
        <pctVal>-0.41515956620</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>491000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>304420.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1717013095"/>
          <other otherDesc="SEDOL" value="BF2RBB1"/>
        </identifiers>
        <balance>2970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1826550.00000000</valUSD>
        <pctVal>3.754584642461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE43Z7P1"/>
        </identifiers>
        <balance>-1621084.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1621084.44000000</valUSD>
        <pctVal>-3.33223768446</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.70000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10000000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2325000.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNG GOVT INTL BOND</name>
        <lei>N/A</lei>
        <title>Papua New Guinea Government International Bond</title>
        <cusip>69888UAB1</cusip>
        <identifiers>
          <isin value="US69888UAB17"/>
          <other otherDesc="SEDOL" value="BGM9CG6"/>
        </identifiers>
        <balance>1001000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>810920.11000000</valUSD>
        <pctVal>1.666895618115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>WANDA PROPERTIES OVERSEA</name>
        <lei>549300BJ7FGBP0KHXY31</lei>
        <title>Wanda Properties Overseas Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2100658066"/>
          <other otherDesc="SEDOL" value="BKDRWG7"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164000.00000000</valUSD>
        <pctVal>0.337111976876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE1424M9"/>
        </identifiers>
        <balance>-515450.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-515450.00000000</valUSD>
        <pctVal>-1.05953883220</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>650000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>623675.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA, NATIONAL ASSOCIATION</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>CDS TURKEY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="SPIS07ZN2"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-728736.39000000</valUSD>
        <pctVal>-1.49796198204</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>BANK OF AMERICA, NATIONAL ASSOCIATION</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>REPUBLIC OF TURKEY</issuerName>
                <issueTitle>Turkey Government International Bond</issueTitle>
                <identifiers>
                  <cusip value="900123AL4"/>
                  <isin value="US900123AL40"/>
                  <other otherDesc="SEDOL" value="5866575"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Default Event</otherPmntDesc>
            <terminationDt>2027-06-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-689845.64000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3059000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-38890.75000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>CDS REPUBLIC OF ARGENTINA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="SP5G00CL6"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6007303.75000000</valUSD>
        <pctVal>-12.3483783101</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, INC.</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>REPUBLIC OF ARGENTINA</issuerName>
                <issueTitle>Argentine Republic Government International Bond</issueTitle>
                <identifiers>
                  <cusip value="040114HX1"/>
                  <isin value="US040114HX11"/>
                  <other otherDesc="SEDOL" value="BNC18N0"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Default Event</otherPmntDesc>
            <terminationDt>2025-12-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-1892513.22000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>9100000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4114790.53000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIKA ENERGY CAPITAL IV</name>
        <lei>254900LQ197HY24XVH34</lei>
        <title>Indika Energy Capital IV Pte Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USY39690AA30"/>
          <other otherDesc="SEDOL" value="BMW19X0"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>623675.00000000</valUSD>
        <pctVal>1.282001903527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TULLOW OIL PLC</name>
        <lei>2138003EYHWO75RKS857</lei>
        <title>Tullow Oil PLC</title>
        <cusip>899415AE3</cusip>
        <identifiers>
          <isin value="US899415AE32"/>
          <other otherDesc="SEDOL" value="BDVQBD7"/>
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        <balance>1296000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1030320.00000000</valUSD>
        <pctVal>2.117885439118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS DE VENEZUELA S</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>Petroleos de Venezuela SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP7807HAR68"/>
          <other otherDesc="SEDOL" value="BHBXP45"/>
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        <balance>2550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76500.00000000</valUSD>
        <pctVal>0.157250403847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>LEBANESE REPUBLIC</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>Lebanon Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS0250882478"/>
          <other otherDesc="SEDOL" value="B12K5Z4"/>
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        <balance>3509000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>246287.94000000</valUSD>
        <pctVal>0.506259843501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>ARAB REPUBLIC OF EGYPT</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>03846JX54</cusip>
        <identifiers>
          <isin value="US03846JX543"/>
          <other otherDesc="SEDOL" value="BMQC4V2"/>
        </identifiers>
        <balance>1003000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700407.44000000</valUSD>
        <pctVal>1.439730101935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</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>MC BRAZIL DWNSTRM</name>
        <lei>213800T2A7R9TYNXZI63</lei>
        <title>MC Brazil Downstream Trading SARL</title>
        <cusip>55292WAA8</cusip>
        <identifiers>
          <isin value="US55292WAA80"/>
          <other otherDesc="SEDOL" value="BNNTMV9"/>
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        <balance>1011000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>845448.75000000</valUSD>
        <pctVal>1.737871338172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>REPUBLIC OF ZAMBIA</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>Zambia Government International Bond</title>
        <cusip>988895AA6</cusip>
        <identifiers>
          <isin value="US988895AA69"/>
          <other otherDesc="SEDOL" value="B85SB12"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47812.50000000</valUSD>
        <pctVal>0.098281502404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>REPUBLIC OF KENYA</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Republic of Kenya Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1781710626"/>
          <other otherDesc="SEDOL" value="BF2J2B4"/>
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        <balance>702000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475605.00000000</valUSD>
        <pctVal>0.977635010745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEB41FI6"/>
        </identifiers>
        <balance>-256486.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-256486.00000000</valUSD>
        <pctVal>-0.52722257622</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.25000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>514000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>318731.40000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF SOUTH AFRICA</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAG000107012"/>
          <other otherDesc="SEDOL" value="BFDTGL1"/>
        </identifiers>
        <balance>9500000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.12875000"/>
        <valUSD>445041.20000000</valUSD>
        <pctVal>0.914809260509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP1400MAA64"/>
          <other otherDesc="SEDOL" value="BK5SMR9"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225993.63000000</valUSD>
        <pctVal>0.464543654699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE43Z5C2"/>
        </identifiers>
        <balance>-255397.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-255397.55000000</valUSD>
        <pctVal>-0.52498520103</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>500000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>318750.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE93Z2O8"/>
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        <balance>-79644.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-79644.12000000</valUSD>
        <pctVal>-0.16371333377</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>230000.00000000</principalAmt>
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              <collateralVal>80546.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QDD1</cusip>
        <identifiers>
          <isin value="US71654QDD16"/>
          <other otherDesc="SEDOL" value="BMYVTL6"/>
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        <balance>2123000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1448947.50000000</valUSD>
        <pctVal>2.978399732409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69000000</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>LEBANESE REPUBLIC</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>Lebanon Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS0559237796"/>
          <other otherDesc="SEDOL" value="B5L3R45"/>
        </identifiers>
        <balance>2433000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169245.56000000</valUSD>
        <pctVal>0.347894544568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WANDA PROPERTIES INTL</name>
        <lei>N/A</lei>
        <title>Wanda Properties International Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1023280271"/>
          <other otherDesc="SEDOL" value="BJ8RZW2"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290000.00000000</valUSD>
        <pctVal>0.596112642037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>REPUBLIC OF EL SALVADOR</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>El Salvador Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP01012AS54"/>
          <other otherDesc="SEDOL" value="B92M6K8"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185500.00000000</valUSD>
        <pctVal>0.381306534820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>REP OF ANGOLA(AVENIR IS)</name>
        <lei>635400VEZIQKZPR7KU35</lei>
        <title>Republic of Angola Via Avenir Issuer II Ireland DAC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PTAVDAOT0001"/>
          <other otherDesc="SEDOL" value="BLLZL85"/>
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        <balance>1371428.56900000</balance>
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        <curCd>USD</curCd>
        <valUSD>1272000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LEBANESE REPUBLIC</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>Lebanon Government International Bond</title>
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          <isin value="XS0493540297"/>
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        <curCd>USD</curCd>
        <valUSD>7238.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPED436S6"/>
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        <balance>-808704.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-808704.00000000</valUSD>
        <pctVal>-1.66234026919</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <maturityDt>2099-01-01</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>1296000.00000000</principalAmt>
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              <collateralVal>1030320.00000000</collateralVal>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF GHANA</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government International Bond</title>
        <cusip>374422AG8</cusip>
        <identifiers>
          <isin value="US374422AG84"/>
          <other otherDesc="SEDOL" value="BF5HB74"/>
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        <balance>379000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143072.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</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>REPUBLIC OF ZAMBIA</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>Zambia Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1267081575"/>
          <other otherDesc="SEDOL" value="BZ03GH2"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>373554.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.97000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</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>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentine Republic Government International Bond</title>
        <cusip>040114HX1</cusip>
        <identifiers>
          <isin value="US040114HX11"/>
          <other otherDesc="SEDOL" value="BNC18N0"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2325000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE93Z309"/>
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        <balance>-190181.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-190181.32000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>400000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>290000.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE843GP2"/>
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        <balance>-508950.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-508950.00000000</valUSD>
        <pctVal>-1.04617768677</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1450000.00000000</principalAmt>
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              <collateralVal>768500.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dreyfus Government Cash Management</name>
        <lei>5493000Q69I5Q3QZIA91</lei>
        <title>Dreyfus Government Cash Management</title>
        <cusip>262006208</cusip>
        <identifiers>
          <isin value="US2620062081"/>
          <ticker value="DGCXX"/>
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        <balance>9796927.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9796927.23000000</valUSD>
        <pctVal>20.13817991353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</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>REPUBLIC OF ECUADOR</name>
        <lei>5299003Y2U5XK0A35H71</lei>
        <title>Ecuador Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2214238102"/>
          <other otherDesc="SEDOL" value="BMGR2B3"/>
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        <balance>7950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4167787.50000000</valUSD>
        <pctVal>8.567140751988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE43ZAG7"/>
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        <balance>-260929.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-260929.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
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          <repurchaseRt>3.45000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>434000.00000000</principalAmt>
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              <collateralVal>338520.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE343KF0"/>
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        <balance>-860875.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-860875.00000000</valUSD>
        <pctVal>-1.76958093349</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1775000.00000000</principalAmt>
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              <collateralVal>1059852.50000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE141MC3"/>
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        <balance>-37570.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-37570.00000000</valUSD>
        <pctVal>-0.07722742055</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>JPM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE93Z5L1"/>
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        <balance>-128384.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-128384.10000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="JPMORGAN CHASE BANK, NATIONAL ASSOCIATION" isCleared="Y"/>
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          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <collateralVal>158000.00000000</collateralVal>
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        <securityLending>
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      <invstOrSec>
        <name>REPUBLIC OF VENEZUELA</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>Venezuela Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USP17625AA59"/>
          <other otherDesc="SEDOL" value="B2RFDV3"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE83ZFC2"/>
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        <balance>-918558.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-918558.78000000</valUSD>
        <pctVal>-1.88815345245</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.00000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>2050000.00000000</principalAmt>
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              <collateralVal>1224875.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF EL SALVADOR</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>El Salvador Government International Bond</title>
        <cusip>283875AR3</cusip>
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          <isin value="US283875AR37"/>
          <other otherDesc="SEDOL" value="B92RZP1"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>768500.00000000</valUSD>
        <pctVal>1.579698501399</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>DEVELOPMENT BANK OF KAZA</name>
        <lei>213800LCDPGJ1BI7KX98</lei>
        <title>Development Bank of Kazakhstan JSC</title>
        <cusip>25159XAC7</cusip>
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          <isin value="US25159XAC74"/>
          <other otherDesc="SEDOL" value="BN29VJ1"/>
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        <balance>348000000.00000000</balance>
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        <currencyConditional curCd="KZT" exchangeRt="472.96000000"/>
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        <pctVal>1.142923993571</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.95000000</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>
      <invstOrSec>
        <name>REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>65412JAH6</cusip>
        <identifiers>
          <isin value="US65412JAH68"/>
          <other otherDesc="SEDOL" value="BF5J620"/>
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        <balance>583000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>371662.50000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69600000</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>RUSSIA GOVT BOND - OFZ</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>Russian Federal Bond - OFZ</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JXB41"/>
          <other otherDesc="SEDOL" value="BYPZPC4"/>
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        <balance>35250000.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="61.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.40000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNG GOVT INTL BOND</name>
        <lei>N/A</lei>
        <title>Papua New Guinea Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USY6726SAP66"/>
          <other otherDesc="SEDOL" value="BGM9CF5"/>
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        <balance>1119000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>906513.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>REPUBLIC OF ZAMBIA</name>
        <lei>213800DMLAZ6LGMMD849</lei>
        <title>Zambia Government International Bond</title>
        <cusip>988895AF5</cusip>
        <identifiers>
          <isin value="US988895AF56"/>
          <other otherDesc="SEDOL" value="BYSF4C4"/>
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        <balance>594000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355026.38000000</valUSD>
        <pctVal>0.729778321982</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.97000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPE443706"/>
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        <balance>-549731.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-549731.00000000</valUSD>
        <pctVal>-1.13000551317</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.10000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>863000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>664510.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEBANESE REPUBLIC</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>Lebanon Government International Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1586230481"/>
          <other otherDesc="SEDOL" value="BYXPB28"/>
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        <balance>212000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14879.75000000</valUSD>
        <pctVal>0.030586231328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPED3Z4W9"/>
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        <balance>-1114335.70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1114335.70000000</valUSD>
        <pctVal>-2.29058482153</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.00000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <collateralVal>1365000.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="RPE83ZFN8"/>
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        <balance>-364563.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-364563.72000000</valUSD>
        <pctVal>-0.74938290455</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>532000.00000000</principalAmt>
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              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC</name>
        <lei>5493001KFROXQS5VBZ89</lei>
        <title>CREDIT SUISSE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="RPEA3YTU5"/>
        </identifiers>
        <balance>-508270.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-508270.52000000</valUSD>
        <pctVal>-1.04478097430</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <clearedCentCparty centralCounterparty="CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC" isCleared="Y"/>
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          <repurchaseRt>3.50000000</repurchaseRt>
          <maturityDt>2099-01-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>832000.00000000</principalAmt>
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              <collateralVal>712275.20000000</collateralVal>
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              <invstCatConditional desc="Other" invstCat="Other instrument"/>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF SENEGAL</name>
        <lei>549300NP14ZLQGWIUZ97</lei>
        <title>Senegal Government International Bond</title>
        <cusip>81720TAC9</cusip>
        <identifiers>
          <isin value="US81720TAC99"/>
          <other otherDesc="SEDOL" value="BZ11Z23"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213374.69000000</valUSD>
        <pctVal>0.438604655861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-10-26</ncom:dateSigned>
      <ncom:nameOfApplicant>Virtus Stone Harbor Emerging Markets Total Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Amy Hackett</ncom:signature>
      <ncom:signerName>Amy Hackett</ncom:signerName>
      <ncom:title>Vice President and Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
