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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASTERCARD INC</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.04789552</annualizedRt>
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      <invstOrSec>
        <name>MORGAN STANLEY BK NA SALT LAKE</name>
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        <cusip>61690U7Z7</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05404380</annualizedRt>
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      <invstOrSec>
        <name>MACQUARIE BANK LTD</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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        <cusip>55608PBU7</cusip>
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          <isin value="US55608PBU75"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3825239.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05258558</annualizedRt>
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      <invstOrSec>
        <name>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP FRN SOFR+96 06/06/2025 144A</title>
        <cusip>65558RAB5</cusip>
        <identifiers>
          <isin value="US65558RAB50"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200017.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05304905</annualizedRt>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CANADIAN IMPERIAL BK OF COMM FRN SOFR+103 03/30/2029</title>
        <cusip>13607PJ21</cusip>
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          <isin value="US13607PJ212"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05370954</annualizedRt>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA FRN SOFR+112 07/15/2028</title>
        <cusip>05964HBE4</cusip>
        <identifiers>
          <isin value="US05964HBE45"/>
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        <balance>2790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2794759.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05452968</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>COMMONWEALTH BANK AUSTRALIA</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK AUSTRALIA FRN SOFR+81 03/14/2030 144A</title>
        <cusip>2027A0KY4</cusip>
        <identifiers>
          <isin value="US2027A0KY46"/>
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        <balance>8850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8903054.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05151441</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORPORATION FRN SOFR+135 09/15/2027</title>
        <cusip>06051GLX5</cusip>
        <identifiers>
          <isin value="US06051GLX50"/>
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        <balance>2650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2670280.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05692902</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="100765.29000000"/>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE FRANCE FRN SOFR+166 01/19/2028 144A</title>
        <cusip>83368RBU5</cusip>
        <identifiers>
          <isin value="US83368RBU59"/>
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        <balance>5050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5083330.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05979630</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>AUSTRALIA and N ZEAL BKG GRP LTD</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>AUSTRALIA and N ZEAL BKG GRP LTD FRN SOFR+56 03/18/2026 144A</title>
        <cusip>05252ADK4</cusip>
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          <isin value="US05252ADK43"/>
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        <balance>6100000.00000000</balance>
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        <valUSD>6111558.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04901355</annualizedRt>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CANADIAN IMPERIAL BK OF COMM FRN SOFR+122 10/02/2026</title>
        <cusip>13607LWU3</cusip>
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          <isin value="US13607LWU33"/>
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        <valUSD>1811212.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05558558</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC FRN TSFR3M+164.161 09/12/2026</title>
        <cusip>404280BW8</cusip>
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          <isin value="US404280BW89"/>
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        <balance>500000.00000000</balance>
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        <valUSD>501755.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05940360</annualizedRt>
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        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL GRP INC FRN SOFR+88 01/14/2027</title>
        <cusip>86562MCL2</cusip>
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          <isin value="US86562MCL28"/>
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        <valUSD>1176593.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05213414</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NATWEST GROUP PLC FRN SOFR+125 03/01/2028</title>
        <cusip>639057AM0</cusip>
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          <isin value="US639057AM01"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2309947.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05603781</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>NEW YORK LIFE GLOBAL FDG FRN SOFRINDX+93 04/02/2026 144A</title>
        <cusip>64953BBA5</cusip>
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          <isin value="US64953BBA52"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>703339.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05268558</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC FRN SOFRINDX+40 02/13/2026</title>
        <cusip>713448FP8</cusip>
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          <isin value="US713448FP87"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2402407.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04688541</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <name>CITIGROUP INC</name>
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        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>MARSH and MCLENNAN COS INC</name>
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        <name>MORGAN STANLEY</name>
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        <name>RABOBANK NEDERLAND NEW YORK BRH</name>
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        <name>CITIGROUP INC</name>
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        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>SUMITOMO MITSUI TRUST BANK LTD</name>
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        <name>MORGAN STANLEY BK NA SALT LAKE</name>
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        <name>UST NOTES</name>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC FRN SOFR+149 03/12/2028</title>
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        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
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      <invstOrSec>
        <name>UST NOTES</name>
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      <invstOrSec>
        <name>PHILIP MORRIS INTERNATIONAL INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SUMITOMO MITSUI TRUST BANK LTD</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>SUMITOMO MITSUI TRUST BANK LTD FRN SOFR+99 03/13/2030 144A</title>
        <cusip>86563VCA5</cusip>
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          <isin value="US86563VCA52"/>
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        <balance>3300000.00000000</balance>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <annualizedRt>0.05334165</annualizedRt>
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      <invstOrSec>
        <name>DEUTSCHE BANK AG NEW YORK BNCH</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG NEW YORK BNCH FRN SOFR+121 01/10/2029</title>
        <cusip>25160PAP2</cusip>
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          <isin value="US25160PAP27"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.05539555</annualizedRt>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORP</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>TOYOTA MOTOR CREDIT CORP FRN SOFR+71 05/14/2027</title>
        <cusip>89236TNH4</cusip>
        <identifiers>
          <isin value="US89236TNH40"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1502808.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04998542</annualizedRt>
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      <invstOrSec>
        <name>AMERICAN HONDA FINANCE CORP</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>AMERICAN HONDA FINANCE CORP FRN SOFR+55 05/11/2026</title>
        <cusip>02665WFR7</cusip>
        <identifiers>
          <isin value="US02665WFR79"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1998590.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04839097</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CATERPILLAR FINL SVCS CORP</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>CATERPILLAR FINL SVCS CORP FRN SOFR+56 11/15/2027</title>
        <cusip>14913UAT7</cusip>
        <identifiers>
          <isin value="US14913UAT79"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2997300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.04848542</annualizedRt>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY FRN SOFR+102 04/13/2028</title>
        <cusip>61747YFN0</cusip>
        <identifiers>
          <isin value="US61747YFN04"/>
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        <balance>6300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6326533.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05344380</annualizedRt>
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      <invstOrSec>
        <name>DEUTSCHE BANK AG NEW YORK BNCH</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG NEW YORK BNCH FRN SOFR+121.9 11/16/2027</title>
        <cusip>251526CN7</cusip>
        <identifiers>
          <isin value="US251526CN70"/>
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        <balance>900000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05506266</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC (THE) FRN SOFR+92 10/21/2027</title>
        <cusip>38141GYR9</cusip>
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          <isin value="US38141GYR90"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2801212.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.05239630</annualizedRt>
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        <name>SVENSKA HANDELSBANKEN AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>SVENSKA HANDELSBANKEN AB FRN SOFR+125 06/15/2026 144A</title>
        <cusip>86959LAN3</cusip>
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          <isin value="US86959LAN38"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504455.70000000</valUSD>
        <pctVal>0.056746908072</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05591329</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>THE BANK OF NOVA SCOTIA</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>BANK OF NOVA SCOTIA FRN SOFR+61 09/15/2026</title>
        <cusip>0641598M1</cusip>
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          <isin value="US0641598M19"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900449.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.04951329</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONAL AUSTRALIA BANK LTD NEW YORK BRANCH</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>NATIONAL AUSTRALIA BANK LTD NEW YORK BRH FRN SOFR+86 06/09/2025 144A</title>
        <cusip>6325C0EH0</cusip>
        <identifiers>
          <isin value="US6325C0EH03"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400055.94000000</valUSD>
        <pctVal>0.045002837020</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05204089</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>RABOBANK NEDERLAND NEW YORK BRH</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>RABOBANK NEDERLAND NY BRH FRN SOFRINDX+90 10/05/2026</title>
        <cusip>21688AAZ5</cusip>
        <identifiers>
          <isin value="US21688AAZ57"/>
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        <balance>2550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2566151.32000000</valUSD>
        <pctVal>0.288669853579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-05</maturityDt>
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        <name>NATWEST MARKETS PLC</name>
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        <name>GLENCORE FDG LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
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        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>NEW YORK LIFE GLOBAL FDG FRN SOFR+67 04/02/2027 144A</title>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK AUSTRALIA FRN SOFR+64 03/14/2028 144A</title>
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        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
        <lei>549300423Z16BB673J12</lei>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP FRN SOFR+74 03/19/2027 144A</title>
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        <name>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
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        <name>PEPSICO SINGAPORE FINANCING I PTE LTD</name>
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        <name>GLENCORE FDG LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>GLENCORE FDG LLC FRN SOFRINDX+106 04/04/2027 144A</title>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
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        <name>CONSOLIDATED EDISON CO OF NEW YORK INC</name>
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        <name>UST NOTES</name>
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        <name>MASSMUTUAL GLOBAL FDG II</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>DEERE JOHN CAPITAL CORP</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>COREBRIDGE GLOBAL FUNDING</name>
        <lei>54930057MDZ7KOVOTV71</lei>
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        <name>STATE STREET BANK AND TRUST COMPANY</name>
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        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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      <invstOrSec>
        <name>DEERE JOHN CAPITAL CORP</name>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <name>AMERICAN HONDA FINANCE CORP</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
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      <invstOrSec>
        <name>THE TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK FRN SOFR+59 09/10/2026</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>GENERAL MTRS FINL CO INC</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GENERAL MTRS FINL CO INC FRN SOFR+104 02/26/2027</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <name>VOLKSWAGEN GROUP AMER FIN LLC</name>
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        <name>NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP</name>
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        <name>HUNTINGTON NATIONAL BANK</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC FRN SOFR+157 08/14/2027</title>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>MORGAN STANLEY BK NA SALT LAKE</name>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
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        <name>DAIMLER TRUCKS FINANCE NORTH AMERICA LLC</name>
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        <name>THE TORONTO DOMINION BANK</name>
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        <name>JPMORGAN CHASE and CO</name>
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        <name>SVENSKA HANDELSBANKEN AB</name>
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        <name>DEERE JOHN CAPITAL CORP</name>
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        <name>HSBC HOLDINGS PLC</name>
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        <name>DEERE JOHN CAPITAL CORP</name>
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        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <name>AUSTRALIA and N ZEAL BKG GRP LTD</name>
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        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-23</maturityDt>
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          <annualizedRt>0.05107197</annualizedRt>
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        <name>AMERICAN HONDA FINANCE CORP</name>
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          <couponKind>Variable</couponKind>
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        <name>SWEDBANK AB</name>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
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        <name>MORGAN STANLEY BK NA SALT LAKE</name>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>CHEVRON USA INC</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
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        <name>AUSTRALIA and N ZEAL BKG GRP LTD</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
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        <name>CITIGROUP INC</name>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
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        <name>MACQUARIE BANK LTD</name>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <name>KEURIG DR PEPPER INC</name>
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        <name>TOYOTA MOTOR CREDIT CORP</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <invCountry>CA</invCountry>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <name>Fidelity Revere Street Trust</name>
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        <name>THE TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK FRN SOFR+108 07/17/2026</title>
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        <name>PINNACLE WEST CAPITAL CORP</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>BANK OF MONTREAL QUE</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV FRN SOFRINDX+101 04/01/2027</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DEERE JOHN CAPITAL CORP</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
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          <isin value="US24422EXL81"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC FRN SOFR+50 07/15/2026</title>
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          <isin value="US91324PFE79"/>
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        <valUSD>2000567.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04823743</annualizedRt>
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      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <cusip>025816CL1</cusip>
        <identifiers>
          <isin value="US025816CL12"/>
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        <balance>2550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2550803.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04956301</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NOMURA HOLDINGS INC</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>NOMURA HOLDINGS INC FRN SOFR+125 07/02/2027</title>
        <cusip>65535HBQ1</cusip>
        <identifiers>
          <isin value="US65535HBQ11"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2215724.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05594806</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UST NOTES 4.5% 11/15/2033</title>
        <cusip>91282CJJ1</cusip>
        <identifiers>
          <isin value="US91282CJJ18"/>
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        <balance>5700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5785054.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP FRN SOFR+70 03/17/2028 144A</title>
        <cusip>65558RAM1</cusip>
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          <isin value="US65558RAM16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000522.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05041329</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UST NOTES 1.875% 02/15/2032</title>
        <cusip>91282CDY4</cusip>
        <identifiers>
          <isin value="US91282CDY49"/>
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        <balance>3300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2862201.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01875000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSMUTUAL GLOBAL FDG II</name>
        <lei>549300K1IE3K7YU6VG29</lei>
        <title>MASSMUTUAL GLOBAL FDG II FRN SOFR+74 04/09/2027 144A</title>
        <cusip>57629TBS5</cusip>
        <identifiers>
          <isin value="US57629TBS50"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1504902.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05070074</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMONWEALTH BANK AUSTRALIA</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK AUSTRALIA FRN SOFR+97 03/14/2027 144A</title>
        <cusip>2027A0KL2</cusip>
        <identifiers>
          <isin value="US2027A0KL25"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805952.03000000</valUSD>
        <pctVal>0.090662640460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05311441</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC FRN SOFR+188 09/13/2027</title>
        <cusip>06738ECM5</cusip>
        <identifiers>
          <isin value="US06738ECM57"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>808591.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06221684</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GENERAL MTRS FINL CO INC</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GENERAL MTRS FINL CO INC FRN SOFRINDX+117 04/04/2028</title>
        <cusip>37045XFF8</cusip>
        <identifiers>
          <isin value="US37045XFF87"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2962006.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05518278</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL GRP INC FRN SOFR+143 01/13/2026</title>
        <cusip>86562MCU2</cusip>
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          <isin value="US86562MCU27"/>
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        <curCd>USD</curCd>
        <valUSD>2214878.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05763410</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>THE TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK FRN SOFR+102 06/06/2025</title>
        <cusip>89115A2B7</cusip>
        <identifiers>
          <isin value="US89115A2B71"/>
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        <balance>2070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2070325.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05364905</annualizedRt>
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        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>MERCEDES-BENZ FINANCE NORTH AMERICA LLC FRN SOFR+63 07/31/2026 144A</title>
        <cusip>58769JAV9</cusip>
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          <isin value="US58769JAV98"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04950628</annualizedRt>
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        <name>HSBC USA INC</name>
        <lei>549300LBOHZ4QSIWU288</lei>
        <title>HSBC USA INC FRN SOFR+96 03/04/2027</title>
        <cusip>40428HA51</cusip>
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          <isin value="US40428HA513"/>
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        <balance>5400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5425604.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05308279</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC FRN SOFRINDX+156 08/07/2027</title>
        <cusip>53944YAW3</cusip>
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          <isin value="US53944YAW30"/>
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        <curCd>USD</curCd>
        <valUSD>2418307.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.05875038</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO BANK NATIONAL ASSOCIATION</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>WELLS FARGO BK NATL ASSN FRN SOFR+71 01/15/2026</title>
        <cusip>94988J6J1</cusip>
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          <isin value="US94988J6J16"/>
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        <balance>2780000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>AMERICAN HONDA FINANCE CORP</name>
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        <name>NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP</name>
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        <name>ROYAL BANK OF CANADA</name>
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        <name>WELLS FARGO and CO</name>
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        <name>UST NOTES</name>
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        <name>AMERICAN HONDA FINANCE CORP</name>
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        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>PACIFIC LIFE GLOBAL FUNDING II</name>
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        <name>THE TORONTO DOMINION BANK</name>
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        <name>PACIFIC LIFE GLOBAL FUNDING II</name>
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        <name>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>FIFTH THIRD BANK CINN OH</name>
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        <name>BANK OF MONTREAL QUE</name>
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        <name>US BANK NA CINCINNATI OHIO</name>
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        <name>ABN AMRO BANK NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <name>MACQUARIE GROUP LTD</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <name>DAIMLER TRUCKS FINANCE NORTH AMERICA LLC</name>
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        <name>NATIONAL BANK OF CANADA</name>
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        <name>NATWEST MARKETS PLC</name>
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        <name>COMMONWEALTH BANK AUSTRALIA</name>
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        <name>JPMORGAN CHASE and CO</name>
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        <name>JACKSON NATL LIFE GLOBAL FDG</name>
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        <name>JPMORGAN CHASE and CO</name>
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        <name>THE TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK FRN SOFR+103 12/17/2029</title>
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        <name>NATWEST MARKETS PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
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        <name>BANK OF MONTREAL QUE</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <name>NEXTERA ENERGY CAP HLDGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEXTERA ENERGY CAP HLDGS INC FRN SOFRINDX+80 02/04/2028</title>
        <cusip>65339KDH0</cusip>
        <identifiers>
          <isin value="US65339KDH05"/>
        </identifiers>
        <balance>2900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2904582.00000000</valUSD>
        <pctVal>0.326740381252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05106301</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>KEURIG DR PEPPER INC</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KEURIG DR PEPPER INC FRN SOFRINDX+88 03/15/2027</title>
        <cusip>49271VAS9</cusip>
        <identifiers>
          <isin value="US49271VAS97"/>
        </identifiers>
        <balance>1159000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1163879.39000000</valUSD>
        <pctVal>0.130926376194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05221329</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>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>NEW YORK LIFE GLOBAL FDG FRN SOFR+48 06/09/2026 144A</title>
        <cusip>64952WEE9</cusip>
        <identifiers>
          <isin value="US64952WEE93"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1803070.04000000</valUSD>
        <pctVal>0.202829802117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04824100</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>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP FRN SOFR+102 09/10/2029 144A</title>
        <cusip>65558RAH2</cusip>
        <identifiers>
          <isin value="US65558RAH21"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1807621.04000000</valUSD>
        <pctVal>0.203341750299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05364089</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>BANQUE FED CRED MUTUEL PARIS</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FED CRED MUTUEL PARIS FRN SOFRINDX+140 07/13/2026 144A</title>
        <cusip>06675DCG5</cusip>
        <identifiers>
          <isin value="US06675DCG51"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>808318.24000000</valUSD>
        <pctVal>0.090928818642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05725198</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>UST NOTES</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UST NOTES 3.875% 08/15/2033</title>
        <cusip>91282CHT1</cusip>
        <identifiers>
          <isin value="US91282CHT18"/>
        </identifiers>
        <balance>4840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4708034.40000000</valUSD>
        <pctVal>0.529613195566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03875000</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>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO FRN SOFR+76 02/13/2026</title>
        <cusip>025816DD8</cusip>
        <identifiers>
          <isin value="US025816DD86"/>
        </identifiers>
        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1352557.91000000</valUSD>
        <pctVal>0.152151079631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05048541</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
