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        <name>AKCB Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mobile Telesystems OJSC Via MTS International Funding Ltd.</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-30</maturityDt>
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        <name>MDGH GMTN (RSC) Ltd.</name>
        <lei>213800WRY6FRL9IXLT77</lei>
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        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-11</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <name>Itau Unibanco Holding S.A.</name>
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          <isin value="US46556KAA43"/>
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        <curCd>USD</curCd>
        <valUSD>202157.00000000</valUSD>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-24</maturityDt>
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        <name>Sinopec Group Overseas Development (2013) Ltd.</name>
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        <cusip>82937VAB3</cusip>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-17</maturityDt>
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      <invstOrSec>
        <name>CNPC General Capital Ltd.</name>
        <lei>N/A</lei>
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        <cusip>12623TAE8</cusip>
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          <isin value="US12623TAE82"/>
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        <curCd>USD</curCd>
        <valUSD>206337.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>New Development Bank (The)</name>
        <lei>254900VPI91W77OOUM06</lei>
        <title>New Development Bank (The)</title>
        <cusip>BK0751812</cusip>
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          <isin value="XS2192077514"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200452.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62500000</annualizedRt>
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        <name>Perusahaan Penerbit SBSN Indonesia III</name>
        <lei>254900G208H6Q0L5B953</lei>
        <title>Perusahaan Penerbit SBSN Indonesia III</title>
        <cusip>71567PAJ9</cusip>
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          <isin value="US71567PAJ93"/>
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        <curCd>USD</curCd>
        <valUSD>519132.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>AHB Sukuk Co. Ltd.</name>
        <lei>5493003NGMUHC7VRYL35</lei>
        <title>AHB Sukuk Co. Ltd.</title>
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          <isin value="XS1876097129"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211374.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-19</maturityDt>
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        <name>Hazine Mustesarligi Varlik Kiralama AS</name>
        <lei>6354003QFJP7RDXEOZ20</lei>
        <title>Hazine Mustesarligi Varlik Kiralama AS</title>
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          <isin value="XS1586385178"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-06</maturityDt>
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        <name>Alpha Star Holding V Ltd.</name>
        <lei>635400QNJTVSEX2BBS97</lei>
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        <cusip>AS0106524</cusip>
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          <isin value="XS1807408486"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-18</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>Fab Sukuk Co. Ltd</name>
        <lei>549300JEV79SSEDKS489</lei>
        <title>Fab Sukuk Co. Ltd</title>
        <cusip>AR4816328</cusip>
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        <invCountry>KY</invCountry>

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        <name>Hungary Government International Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government International Bond</title>
        <cusip>445545AH9</cusip>
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        <invCountry>HU</invCountry>
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          <maturityDt>2023-02-21</maturityDt>
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        <name>Banco BTG Pactual S.A.</name>
        <lei>ZXLTQRYIK6IJH3R0IK66</lei>
        <title>Banco BTG Pactual S.A.</title>
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        <name>Banco Internacional del Peru SAA Interbank</name>
        <lei>5493001TRCGXJLRLHN14</lei>
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        <name>Gas Natural de Lima y Callao S.A.</name>
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        <invCountry>PE</invCountry>
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        <name>Bangkok Bank PCL</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>Bangkok Bank PCL</title>
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          <isin value="USY06072AC92"/>
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        <balance>200000.00000000</balance>
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        <invCountry>TH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QBG6</cusip>
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          <isin value="US71654QBG64"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200749.00000000</valUSD>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-30</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Roenesans Gayrimenkul Yatirim AS</name>
        <lei>7890008JA2W8356X5A38</lei>
        <title>Roenesans Gayrimenkul Yatirim AS</title>
        <cusip>AS1597705</cusip>
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          <isin value="XS1807502668"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192684.40000000</valUSD>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Transelec S.A.</name>
        <lei>549300DPF7MAL5F6CR86</lei>
        <title>Transelec S.A.</title>
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          <isin value="USP9339SAM63"/>
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        <curCd>USD</curCd>
        <valUSD>212051.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-26</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
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        <cusip>825252885</cusip>
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          <isin value="US8252528851"/>
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        <valUSD>280029.62000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rizal Commercial Banking Corp.</name>
        <lei>CIKZWI6KV077KV2E2J69</lei>
        <title>Rizal Commercial Banking Corp.</title>
        <cusip>AR5949987</cusip>
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          <isin value="XS1785829927"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207490.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco Internacional del Peru SAA Interbank</name>
        <lei>5493001TRCGXJLRLHN14</lei>
        <title>Banco Internacional del Peru SAA Interbank</title>
        <cusip>AQ7343165</cusip>
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          <isin value="USP13435AB16"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203680.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-18</maturityDt>
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      <invstOrSec>
        <name>China Overseas Finance Cayman VII Ltd</name>
        <lei>3003003EQA2BE4U94Y86</lei>
        <title>China Overseas Finance Cayman VII Ltd</title>
        <cusip>AS2175493</cusip>
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          <isin value="XS1811821054"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206835.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780BP0</cusip>
        <identifiers>
          <isin value="US455780BP02"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216731.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Park Aerospace Holdings Ltd.</name>
        <lei>635400CPI3EOIFF6OC33</lei>
        <title>Park Aerospace Holdings Ltd.</title>
        <cusip>AP1710551</cusip>
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          <isin value="USG6935LAC75"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103682.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Turkey Government International Bond</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>Turkey Government International Bond</title>
        <cusip>900123CA6</cusip>
        <identifiers>
          <isin value="US900123CA66"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197302.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>Lukoil International Finance B.V.</name>
        <lei>724500LG1GUKJ5TOIW61</lei>
        <title>Lukoil International Finance B.V.</title>
        <cusip>EJ6431518</cusip>
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          <isin value="XS0919504562"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519622.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.56300000</annualizedRt>
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        <name>Alpek S.A.B. de C.V.</name>
        <lei>549300PWKJTP62D4IQ66</lei>
        <title>Alpek S.A.B. de C.V.</title>
        <cusip>EJ7828068</cusip>
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          <isin value="USP01703AB65"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212330.00000000</valUSD>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-08</maturityDt>
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        <name>Eskom Holdings SOC Ltd.</name>
        <lei>3789001900ED06F65111</lei>
        <title>Eskom Holdings SOC Ltd.</title>
        <cusip>EJ7753969</cusip>
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          <isin value="XS0958072240"/>
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        <balance>200000.00000000</balance>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond</title>
        <cusip>EJ5266394</cusip>
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          <isin value="USP3772NHK11"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <name>Export-Import Bank of India</name>
        <lei>335800OFZ8YEIVN1QI11</lei>
        <title>Export-Import Bank of India</title>
        <cusip>EJ5038918</cusip>
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          <isin value="XS0872917660"/>
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        <balance>200000.00000000</balance>
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        <valUSD>206490.70000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-14</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco S.A.</title>
        <cusip>05947KAY6</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-27</maturityDt>
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          <annualizedRt>2.85000000</annualizedRt>
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        <name>Avon Products, Inc.</name>
        <lei>5493007RY69UEB1F1B45</lei>
        <title>Avon Products, Inc.</title>
        <cusip>054303BA9</cusip>
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          <isin value="US054303BA99"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209612.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167EV1</cusip>
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          <isin value="US045167EV11"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>333894.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</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>Shriram Transport Finance Co. Ltd.</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>Shriram Transport Finance Co. Ltd.</title>
        <cusip>ZP3875983</cusip>
        <identifiers>
          <isin value="USY7758EEF44"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203011.00000000</valUSD>
        <pctVal>0.604384350150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</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>Banco Nacional de Desenvolvimento Economico e Social</name>
        <lei>254900DCL95WTK6VYD35</lei>
        <title>Banco Nacional de Desenvolvimento Economico e Social</title>
        <cusip>EJ8474185</cusip>
        <identifiers>
          <isin value="USP14486AJ63"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216321.00000000</valUSD>
        <pctVal>0.644009570953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>
      <invstOrSec>
        <name>Egyptian Government International Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egyptian Government International Bond</title>
        <cusip>03846JW30</cusip>
        <identifiers>
          <isin value="US03846JW305"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203160.20000000</valUSD>
        <pctVal>0.604828533692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.57700000</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 Egypt Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Republic of Egypt Bond</title>
        <cusip>AR2878379</cusip>
        <identifiers>
          <isin value="XS1775617209"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304740.30000000</valUSD>
        <pctVal>0.907242800538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.57700000</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>Russian Foreign Bond</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>Russian Foreign Bond</title>
        <cusip>EJ8270005</cusip>
        <identifiers>
          <isin value="XS0971721450"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>424582.80000000</valUSD>
        <pctVal>1.264026085596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>Inversiones CMPC S.A.</name>
        <lei>549300G475ACIABB4385</lei>
        <title>Inversiones CMPC S.A.</title>
        <cusip>46128MAF8</cusip>
        <identifiers>
          <isin value="US46128MAF86"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206676.00000000</valUSD>
        <pctVal>0.615295427103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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 Poland Government International Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government International Bond</title>
        <cusip>731011AT9</cusip>
        <identifiers>
          <isin value="US731011AT95"/>
        </identifiers>
        <balance>420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>431154.36000000</valUSD>
        <pctVal>1.283590286650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>BDO Unibank, Inc.</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO Unibank, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1673684509"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408288.00000000</valUSD>
        <pctVal>1.215514812272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco de Bogota S.A.</name>
        <lei>549300LYHE7LWSKDZT53</lei>
        <title>Banco de Bogota S.A.</title>
        <cusip>059514AB5</cusip>
        <identifiers>
          <isin value="US059514AB51"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207335.00000000</valUSD>
        <pctVal>0.617257336983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A.</title>
        <cusip>46556MAJ1</cusip>
        <identifiers>
          <isin value="US46556MAJ18"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>521300.00000000</valUSD>
        <pctVal>1.551963005617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R.</name>
        <lei>5493007GRMPGDJG93Z17</lei>
        <title>Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R.</title>
        <cusip>90470TAA6</cusip>
        <identifiers>
          <isin value="US90470TAA60"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228425.00000000</valUSD>
        <pctVal>0.680044407362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-27</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="229582.86000000"/>
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      <invstOrSec>
        <name>Gazprom Neft OAO Via GPN Capital S.A.</name>
        <lei>54930038HWNV6ZAAFY05</lei>
        <title>Gazprom Neft OAO Via GPN Capital S.A.</title>
        <cusip>EJ9515473</cusip>
        <identifiers>
          <isin value="XS0997544860"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538847.50000000</valUSD>
        <pctVal>1.604203693975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>BOSCI BVI Ltd.</name>
        <lei>254900UUACQCYKVME239</lei>
        <title>BOSCI BVI Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2212373828"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199645.30000000</valUSD>
        <pctVal>0.594364319672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</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>SoQ Sukuk A QSC</name>
        <lei>N/A</lei>
        <title>SoQ Sukuk A QSC</title>
        <cusip>EJ1775455</cusip>
        <identifiers>
          <isin value="XS0801656330"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>411961.20000000</valUSD>
        <pctVal>1.226450301457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.24100000</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>LUKOIL International Finance B.V.</name>
        <lei>724500LG1GUKJ5TOIW61</lei>
        <title>LUKOIL International Finance B.V.</title>
        <cusip>549876AH3</cusip>
        <identifiers>
          <isin value="US549876AH32"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207849.00000000</valUSD>
        <pctVal>0.618787567148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.56300000</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>Termocandelaria Power Ltd.</name>
        <lei>549300YDORW43JL6G659</lei>
        <title>Termocandelaria Power Ltd.</title>
        <cusip>AW8795287</cusip>
        <identifiers>
          <isin value="USG8762FAB60"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182725.43000000</valUSD>
        <pctVal>0.543992149521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</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>Unifin Financiera S.A.B. de C.V.</name>
        <lei>5493007GRMPGDJG93Z17</lei>
        <title>Unifin Financiera S.A.B. de C.V.</title>
        <cusip>QZ6600790</cusip>
        <identifiers>
          <isin value="USP94461AB96"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182740.00000000</valUSD>
        <pctVal>0.544035525890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Petkim Petrokimya Holding A.S.</name>
        <lei>529900XZCVZOEYWNBQ67</lei>
        <title>Petkim Petrokimya Holding A.S.</title>
        <cusip>71638YAA4</cusip>
        <identifiers>
          <isin value="US71638YAA47"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200592.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-26</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>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2442116"/>
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        <balance>497636.44000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497636.44000000</valUSD>
        <pctVal>1.481514185933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="497636.44000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Abu Dhabi Government Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government Bond</title>
        <cusip>29135LAL4</cusip>
        <identifiers>
          <isin value="US29135LAL45"/>
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        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574286.43000000</valUSD>
        <pctVal>1.709708985206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>Indian Oil Corp. Ltd.</name>
        <lei>335800J8OBWE4VFUDG88</lei>
        <title>Indian Oil Corp. Ltd.</title>
        <cusip>EJ7171295</cusip>
        <identifiers>
          <isin value="XS0955024236"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214079.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>
      <invstOrSec>
        <name>Abu Dhabi Government Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2225210256"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599255.40000000</valUSD>
        <pctVal>1.784044142943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>
      <invstOrSec>
        <name>Sinopec Group Overseas Development (2013) Ltd.</name>
        <lei>529900F9XKMFEV9DNO17</lei>
        <title>Sinopec Group Overseas Development (2013) Ltd.</title>
        <cusip>EJ8770335</cusip>
        <identifiers>
          <isin value="USG8200QAB26"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>212544.08000000</valUSD>
        <pctVal>0.632765296802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>
        <name>JBS USA LUX S.A. / JBS USA Finance, Inc.</name>
        <lei>N/A</lei>
        <title>JBS USA LUX S.A. / JBS USA Finance, Inc.</title>
        <cusip>472141AA8</cusip>
        <identifiers>
          <isin value="US472141AA82"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>215947.00000000</valUSD>
        <pctVal>0.642896134997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</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>
      <invstOrSec>
        <name>JBS USA LUX S.A. / JBS USA Finance, Inc.</name>
        <lei>N/A</lei>
        <title>JBS USA LUX S.A. / JBS USA Finance, Inc.</title>
        <cusip>AR0609537</cusip>
        <identifiers>
          <isin value="USL56590AA73"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107973.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</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>IIFL Finance Ltd.</name>
        <lei>335800CZ46UJRS34JR78</lei>
        <title>IIFL Finance Ltd.</title>
        <cusip>BG0611247</cusip>
        <identifiers>
          <isin value="XS2113454115"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387988.38000000</valUSD>
        <pctVal>1.155080783367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-20</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>Jaguar Land Rover Automotive PLC</name>
        <lei>529900L73GEWN1O5NH84</lei>
        <title>Jaguar Land Rover Automotive PLC</title>
        <cusip>47010BAA2</cusip>
        <identifiers>
          <isin value="US47010BAA26"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200869.00000000</valUSD>
        <pctVal>0.598007398763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="202564.64000000"/>
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      <invstOrSec>
        <name>CNPC General Capital Ltd.</name>
        <lei>N/A</lei>
        <title>CNPC General Capital Ltd.</title>
        <cusip>EJ6314714</cusip>
        <identifiers>
          <isin value="USG22004AE89"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206337.18000000</valUSD>
        <pctVal>0.614286725577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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>Russian Foreign Bond - Eurobond</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>Russian Foreign Bond - Eurobond</title>
        <cusip>78307ADG5</cusip>
        <identifiers>
          <isin value="US78307ADG58"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>636874.20000000</valUSD>
        <pctVal>1.896039128394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>Banco do Brasil S.A.</title>
        <cusip>AS2094140</cusip>
        <identifiers>
          <isin value="USP3772WAJ10"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206411.00000000</valUSD>
        <pctVal>0.614506495209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>Fondo MIVIVIENDA S.A.</name>
        <lei>549300X41PNOK11PZ670</lei>
        <title>Fondo MIVIVIENDA S.A.</title>
        <cusip>EJ5310192</cusip>
        <identifiers>
          <isin value="USP42009AA12"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204097.00000000</valUSD>
        <pctVal>0.607617482366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756BU3</cusip>
        <identifiers>
          <isin value="US105756BU30"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>407472.00000000</valUSD>
        <pctVal>1.213085497458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</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>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2225790588"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200188.93000000</valUSD>
        <pctVal>0.595982761354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>CNOOC Finance (2013) Ltd.</name>
        <lei>5493006KAH3PSSMCES09</lei>
        <title>CNOOC Finance (2013) Ltd.</title>
        <cusip>12625GAC8</cusip>
        <identifiers>
          <isin value="US12625GAC87"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205540.95000000</valUSD>
        <pctVal>0.611916268059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>China Government Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond</title>
        <cusip>16955EAA8</cusip>
        <identifiers>
          <isin value="US16955EAA82"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Indonesia Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DP World Crescent Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>China Government International Bond</name>
        <lei>300300CHN201808MOF68</lei>
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        <cusip>AU8119714</cusip>
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          <isin value="XS1891571348"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71654QCD25"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-21</maturityDt>
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      <invstOrSec>
        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="CADIS_ID" value="2487474"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167EH2</cusip>
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          <isin value="US045167EH27"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412399.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-17</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Yapi ve Kredi Bankasi AS</name>
        <lei>B85ZYWEZ5IZCZ2WNIO12</lei>
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          <isin value="US984848AK72"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102178.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bharti Airtel International Netherlands BV</name>
        <lei>724500ULW6PWKDAI7I46</lei>
        <title>Bharti Airtel International Netherlands BV</title>
        <cusip>EJ5799253</cusip>
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          <isin value="USN1384FAA32"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208839.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Banco de Credito e Inversiones S.A.</name>
        <lei>549300E9E5Y3PKW24142</lei>
        <title>Banco de Credito e Inversiones S.A.</title>
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        <curCd>USD</curCd>
        <valUSD>206641.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Yes Bank Ifsc Banking Unit Branch</name>
        <lei>335800X6WKDDXJUSFZ86</lei>
        <title>Yes Bank Ifsc Banking Unit Branch</title>
        <cusip>AQ9812563</cusip>
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          <isin value="XS1756056229"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395206.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167EX7</cusip>
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          <isin value="US045167EX76"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298479.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</annualizedRt>
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      <invstOrSec>
        <name>Siam Commercial Bank PCL (The)</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>Siam Commercial Bank PCL (The)</title>
        <cusip>AP9689864</cusip>
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          <isin value="XS1718991414"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205173.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Hazine Mustesarligi Varlik Kiralama Anonim Sirketi</name>
        <lei>6354003QFJP7RDXEOZ20</lei>
        <title>Hazine Mustesarligi Varlik Kiralama Anonim Sirketi</title>
        <cusip>421790AE6</cusip>
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          <isin value="US421790AE63"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202942.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00400000</annualizedRt>
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      <invstOrSec>
        <name>Termocandelaria Power Ltd.</name>
        <lei>549300YDORW43JL6G659</lei>
        <title>Termocandelaria Power Ltd.</title>
        <cusip>880879AA9</cusip>
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          <isin value="US880879AA92"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182725.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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        <name>Vnesheconombank Via VEB Finance PLC</name>
        <lei>635400KYY8E2NCZXJ191</lei>
        <title>Vnesheconombank Via VEB Finance PLC</title>
        <cusip>EJ9460910</cusip>
        <identifiers>
          <isin value="XS0993162683"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>480318.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.94200000</annualizedRt>
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        <name>Inversiones CMPC S.A.</name>
        <lei>549300G475ACIABB4385</lei>
        <title>Inversiones CMPC S.A.</title>
        <cusip>EJ6717056</cusip>
        <identifiers>
          <isin value="USP58072AG71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258345.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780BL9</cusip>
        <identifiers>
          <isin value="US455780BL97"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413925.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Syngenta Finance N.V.</name>
        <lei>54930042S3BYCEGOCN86</lei>
        <title>Syngenta Finance N.V.</title>
        <cusip>AS2544722</cusip>
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          <isin value="USN84413CM88"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207550.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.44100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Growthpoint Properties International Pty Ltd.</name>
        <lei>378900C761245FC57265</lei>
        <title>Growthpoint Properties International Pty Ltd.</title>
        <cusip>AS3617832</cusip>
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          <isin value="XS1734198051"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387727.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87200000</annualizedRt>
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      <invstOrSec>
        <name>Asian Infrastructure Investment Bank (The)</name>
        <lei>25490065OSV2524LCR32</lei>
        <title>Asian Infrastructure Investment Bank (The)</title>
        <cusip>04522KAC0</cusip>
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          <isin value="US04522KAC09"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248602.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexico Government International Bond</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91086QBC1</cusip>
        <identifiers>
          <isin value="US91086QBC15"/>
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        <balance>68000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71877.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>Banco do Brasil S.A.</title>
        <cusip>EJ2379398</cusip>
        <identifiers>
          <isin value="USP3772WAE23"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207932.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gazprom Neft OAO Via GPN Capital S.A.</name>
        <lei>54930038HWNV6ZAAFY05</lei>
        <title>Gazprom Neft OAO Via GPN Capital S.A.</title>
        <cusip>36192NAB7</cusip>
        <identifiers>
          <isin value="US36192NAB73"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>431078.00000000</valUSD>
        <pctVal>1.283362955180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>
        <name>Hungary Government International Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government International Bond</title>
        <cusip>445545AJ5</cusip>
        <identifiers>
          <isin value="US445545AJ57"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218108.20000000</valUSD>
        <pctVal>0.649330246732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Banco de Credito del Peru</name>
        <lei>549300EQYQ8SCQZ4BY14</lei>
        <title>Banco de Credito del Peru</title>
        <cusip>05990GAA3</cusip>
        <identifiers>
          <isin value="US05990GAA31"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206603.00000000</valUSD>
        <pctVal>0.615078098694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>
        <name>SIB Sukuk Co. III Ltd.</name>
        <lei>549300VEBV0EQP2FCP08</lei>
        <title>SIB Sukuk Co. III Ltd.</title>
        <cusip>AS0086940</cusip>
        <identifiers>
          <isin value="XS1805543516"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208357.20000000</valUSD>
        <pctVal>0.620300530124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.23100000</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>Turkiye Vakiflar Bankasi TAO</name>
        <lei>789000KAIHOLSQKQ9858</lei>
        <title>Turkiye Vakiflar Bankasi TAO</title>
        <cusip>90015WAG8</cusip>
        <identifiers>
          <isin value="US90015WAG87"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202165.00000000</valUSD>
        <pctVal>0.601865722291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yapi ve Kredi Bankasi AS</name>
        <lei>B85ZYWEZ5IZCZ2WNIO12</lei>
        <title>Yapi ve Kredi Bankasi AS</title>
        <cusip>AR7258015</cusip>
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          <isin value="XS1788516679"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408712.00000000</valUSD>
        <pctVal>1.216777103303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Koc Holding A.S.</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>Koc Holding A.S.</title>
        <cusip>49989AAB5</cusip>
        <identifiers>
          <isin value="US49989AAB52"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202090.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Nacional de Desenvolvimento Economico e Social</name>
        <lei>254900DCL95WTK6VYD35</lei>
        <title>Banco Nacional de Desenvolvimento Economico e Social</title>
        <cusip>059614AM9</cusip>
        <identifiers>
          <isin value="US059614AM99"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216321.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>State Grid Overseas Investment (2016) Ltd.</name>
        <lei>3003006V8BHG5158QO96</lei>
        <title>State Grid Overseas Investment (2016) Ltd.</title>
        <cusip>857006AL4</cusip>
        <identifiers>
          <isin value="US857006AL44"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208048.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arcelik AS</name>
        <lei>789000748KTQCUMJ0R25</lei>
        <title>Arcelik AS</title>
        <cusip>03938HAA1</cusip>
        <identifiers>
          <isin value="US03938HAA14"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202733.60000000</valUSD>
        <pctVal>0.603558502197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Qatar Government Bond</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>Qatar Government Bond</title>
        <cusip>AS1975729</cusip>
        <identifiers>
          <isin value="XS1806502453"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1251865.20000000</valUSD>
        <pctVal>3.726929749510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkiye Garanti Bankasi A.S.</name>
        <lei>5493002XSS7K7RHN1V37</lei>
        <title>Turkiye Garanti Bankasi A.S.</title>
        <cusip>90014QAB3</cusip>
        <identifiers>
          <isin value="US90014QAB32"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DP World Crescent Ltd.</name>
        <lei>21380096JRTWB8TL9236</lei>
        <title>DP World Crescent Ltd.</title>
        <cusip>26139PAA1</cusip>
        <identifiers>
          <isin value="US26139PAA12"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413867.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
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          <isin value="US05958AAH14"/>
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        <curCd>USD</curCd>
        <valUSD>207932.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Great Wall International Holdings III Ltd</name>
        <lei>254900Z04YK19SP3M967</lei>
        <title>China Great Wall International Holdings III Ltd</title>
        <cusip>AS5140312</cusip>
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          <isin value="XS1819966687"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207076.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
        <cusip>AU4298546</cusip>
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          <isin value="USG0686BAB56"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106145.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167ES8</cusip>
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          <isin value="US045167ES81"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>507193.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADCB Finance Cayman Ltd.</name>
        <lei>213800R9XDKRM525M609</lei>
        <title>ADCB Finance Cayman Ltd.</title>
        <cusip>EJ5698547</cusip>
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          <isin value="XS0897453493"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206550.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pertamina Persero PT</name>
        <lei>254900NDAKGNZ2IBBL45</lei>
        <title>Pertamina Persero PT</title>
        <cusip>69369EAE9</cusip>
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          <isin value="US69369EAE95"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313411.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</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>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A.</title>
        <cusip>46556LAJ3</cusip>
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          <isin value="US46556LAJ35"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208520.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>
        <name>Perusahaan Penerbit SBSN Indonesia III</name>
        <lei>254900G208H6Q0L5B953</lei>
        <title>Perusahaan Penerbit SBSN Indonesia III</title>
        <cusip>71567RAJ5</cusip>
        <identifiers>
          <isin value="US71567RAJ59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207653.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fresnillo PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>Fresnillo PLC</title>
        <cusip>358070AA8</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215780.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Indonesia Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia Bond</title>
        <cusip>EJ5847425</cusip>
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          <isin value="USY20721BD05"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413925.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Indonesia Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia Bond</title>
        <cusip>EJ7521259</cusip>
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          <isin value="USY20721BH19"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216731.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Tower Bersama Infrastructure Tbk</name>
        <lei>213800ELUARKGNPAPY10</lei>
        <title>PT Tower Bersama Infrastructure Tbk</title>
        <cusip>ZP2924501</cusip>
        <identifiers>
          <isin value="XS2099045515"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207995.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>State Grid Overseas Investment 2013 Ltd.</name>
        <lei>529900GBH9XYPD4XZZ70</lei>
        <title>State Grid Overseas Investment 2013 Ltd.</title>
        <cusip>856899AB5</cusip>
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        <balance>200000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Egypt Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Republic of Egypt Bond</title>
        <cusip>03846JW97</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>KOC Holding AS</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>KOC Holding AS</title>
        <cusip>JK4093643</cusip>
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          <isin value="XS1379145656"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202090.20000000</valUSD>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Embraer Overseas Ltd.</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Self-Indexed Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
