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        <name>TransDigm, Inc.</name>
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        <name>The Kroger Co.</name>
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        <name>Station Casinos LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>UBS Group AG</name>
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        <name>Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC)</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>United States Treasury Bonds</name>
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        <issuerCat>UST</issuerCat>
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          <maturityDt>2045-08-15</maturityDt>
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        <name>GE Vernova Inc.</name>
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        <name>Synopsys Inc</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SNPS 5.15 04/01/35</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR ZT0531</title>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <title>FHR 5354 AB</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Truist Financial Corp.</name>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.45 09/15/34</title>
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        <name>PERMIAN RESOURCES OPERATING LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2018-115 DE</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <name>Pilgrims Pride Corporation</name>
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        <name>The Charles Schwab Corporation</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Cobank ACB</name>
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        <name>Government National Mortgage Association</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Solventum Corp.</name>
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        <name>Thermo Fisher Scientific Inc</name>
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        <name>Government National Mortgage Association</name>
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        <name>Leidos Inc</name>
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        <name>Biomarin Pharmaceutical Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>FEDERAL HOME LOAN BANKS</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Exeter Automobile Receivables</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Fidelity National Information Services Inc</name>
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        <name>Bank of America Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Bank of America Corp.</name>
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        <name>Morgan Stanley Private Bank National Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Fiserv Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR RE6029</title>
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        <name>Dominion Energy Inc</name>
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        <name>Government National Mortgage Association</name>
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        <name>Alphabet Inc.</name>
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        <name>United Airlines Holdings Inc</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Morgan Stanley</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
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        <title>FN FM5397</title>
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        <name>Government National Mortgage Association</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Targa Resources Corp.</name>
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        <name>Caesars Entertainment Inc.</name>
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        <name>Omnicom Group Inc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States Treasury Bonds</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>AS Mileage Plan IP Ltd.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Government National Mortgage Association</name>
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        <name>Buckeye Partners LP</name>
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        <name>Solventum Corp.</name>
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        <name>Amneal Pharmaceuticals LLC</name>
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        <name>Energy Transfer LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>American Express Company</name>
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        <name>Amazon.com, Inc.</name>
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        <name>L3 Harris Technologies Inc</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Walt Disney Company</name>
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        <name>Nustar Logistics, L.P.</name>
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        <name>Alphabet Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FN DG2890</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FG G67706</title>
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        <name>VMware LLC</name>
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        <name>Healthequity Inc</name>
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        <name>UBS Group AG</name>
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        <invCountry>CH</invCountry>
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          <maturityDt>N/A</maturityDt>
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        <name>Global Payments Inc</name>
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        <title>GPN 4.875 11/15/30</title>
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        <name>Morgan Stanley</name>
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        <title>MS V4.892 10/22/36 I</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 4.7 11/15/35</title>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA3937</title>
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        <name>Sirius Xm Radio Inc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Transdigm Inc</name>
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        <name>Carnival Corporation</name>
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        <name>United States Treasury Notes</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FG G60038</title>
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        <name>Viper Energy Partners LLC</name>
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        <name>Buckeye Partners LP</name>
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        <name>SUNOCO LOGISTICS PARTNERS OPERATIONS LP</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2012-20 ZT</title>
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        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AXP V3.55 PERP</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Government National Mortgage Association</name>
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        <name>FEDERAL HOME LOAN BANKS</name>
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        <title>FR SD7513</title>
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        <name>Verizon Communications Inc.</name>
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        <name>Saudi Arabian Oil Company</name>
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        <title>ARAMCO 5 02/02/36 144A</title>
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        <name>Citadel Securities Global Holdings LLC</name>
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        <name>Oncor Electric Delivery Company LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <title>G2 MA4322</title>
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        <name>Vsp Optical Group Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>UBS Group AG</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>T-Mobile USA, Inc.</name>
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          <isin value="US87264ADX00"/>
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          <maturityDt>2035-11-15</maturityDt>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.75 03/01/35</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN DF6383</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.244 01/24/31</title>
        <cusip>95000U3P6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-24</maturityDt>
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        <name>Lockheed Martin Corporation</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LMT 5 08/15/35</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BW4936</title>
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        <name>Government National Mortgage Association</name>
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        <title>G2 MA5399</title>
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        <name>United States Treasury Notes</name>
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        <title>T 3.75 10/31/32</title>
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        <issuerCat>UST</issuerCat>
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        <name>Morgan Stanley</name>
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        <title>MS V1.512 07/20/27 GMTN</title>
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        <name>MEDLINE BORROWER LP</name>
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        <name>Allison Transmission Inc.</name>
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        <title>ALSN 5.875 12/01/33 144A</title>
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        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V5.218 04/23/31</title>
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          <maturityDt>2031-04-23</maturityDt>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.625 03/15/31 144A</title>
        <cusip>86765KAF6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 6.8 05/12/28</title>
        <cusip>345397C92</cusip>
        <identifiers>
          <isin value="US345397C924"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10462576.40000000</valUSD>
        <pctVal>0.299712326982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Air Lines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>UAL 4.625 04/15/29 144A</title>
        <cusip>90932LAH0</cusip>
        <identifiers>
          <isin value="US90932LAH06"/>
        </identifiers>
        <balance>8700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8699218.74000000</valUSD>
        <pctVal>0.249198953662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4364</title>
        <cusip>31418DZ62</cusip>
        <identifiers>
          <isin value="US31418DZ628"/>
        </identifiers>
        <balance>10618091.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9498704.53000000</valUSD>
        <pctVal>0.272101127787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V5.016 10/23/35</title>
        <cusip>38141GB78</cusip>
        <identifiers>
          <isin value="US38141GB789"/>
        </identifiers>
        <balance>8020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8105955.47000000</valUSD>
        <pctVal>0.232204256719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.01600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 5.2 07/15/35</title>
        <cusip>11135FCM1</cusip>
        <identifiers>
          <isin value="US11135FCM14"/>
        </identifiers>
        <balance>6033000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6237441.96000000</valUSD>
        <pctVal>0.178678575217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Hawaii Corp.</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
        <title>Bank of Hawaii Corp. DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 8.000% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B</title>
        <cusip>062540307</cusip>
        <identifiers>
          <isin value="US0625403078"/>
          <ticker value="BOH B"/>
        </identifiers>
        <balance>80882.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2149034.74000000</valUSD>
        <pctVal>0.061561529213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3332</title>
        <cusip>31418CV27</cusip>
        <identifiers>
          <isin value="US31418CV272"/>
        </identifiers>
        <balance>438600.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417380.77000000</valUSD>
        <pctVal>0.011956343928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Continental Community Holdings LLC</name>
        <lei>N/A</lei>
        <title>CSMCM 2021-RP11 CERT</title>
        <cusip>12658QAA0</cusip>
        <identifiers>
          <isin value="US12658QAA04"/>
        </identifiers>
        <balance>502541.06640000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434115.78000000</valUSD>
        <pctVal>0.012435737205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77782000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
        <lei>N/A</lei>
        <title>PNFP V6.168 11/01/30</title>
        <cusip>87161CAP0</cusip>
        <identifiers>
          <isin value="US87161CAP05"/>
        </identifiers>
        <balance>14866000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15592769.31000000</valUSD>
        <pctVal>0.446672501622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.16800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA0854</title>
        <cusip>3140Q75Q6</cusip>
        <identifiers>
          <isin value="US3140Q75Q64"/>
        </identifiers>
        <balance>740363.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>710436.02000000</valUSD>
        <pctVal>0.020351242809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 4.875 11/15/35</title>
        <cusip>30303MAD4</cusip>
        <identifiers>
          <isin value="US30303MAD48"/>
        </identifiers>
        <balance>4210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4253518.90000000</valUSD>
        <pctVal>0.121846856705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund VIII</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
