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        <name>One Bryant Park Trust 2019-Obp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
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        <name>The Brooklyn Union Gas Company</name>
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        <name>United States Treasury Notes</name>
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        <name>Meta Platforms Inc</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WESTLAKE AUTO REC TR 2023-1</name>
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        <name>JANE STREET GROUP LLC</name>
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        <title>JANEST 4.5 11/15/29 144A</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>U.S. Bancorp.</name>
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        <title>USB V4.839 02/01/34</title>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS6925</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.75 08/15/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>The Kroger Co.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KR 5 09/15/34</title>
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        <name>SDR COMMERCIAL MORTGAGE TRUST 2024-</name>
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        <name>Morgan Stanley</name>
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        <name>Station Casinos LLC</name>
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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LYV 4.75 10/15/27 144A</title>
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        <name>STWD TR 2021-LIH</name>
        <lei>N/A</lei>
        <title>STWD 2021-LIH AS</title>
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        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 09/15/33 144A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS MORTGAGE SECURITIES CORPORATION</name>
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      <invstOrSec>
        <name>Ford Motor Credit Company LLC</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>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Synopsys Inc</name>
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        <name>Raising Cane's Restaurants</name>
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        <name>Open Text Corp</name>
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        <title>OTEXCN 6.9 12/01/27 144A</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>BX Trust 2018-Bilt</name>
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        <name>PERMIAN RESOURCES OPERATING LLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS K056 X3</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN DC9671</title>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNA 2016-M4 X2</title>
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        <name>Qnity Electronics Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>HCA Inc.</name>
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        <name>Vistra Corp</name>
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        <name>American Electric Power Co, Inc.</name>
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        <name>United Airlines Holdings Inc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR TA0176</title>
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        <name>Chobani</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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        <name>HILCORP ENERGY I LP</name>
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        <name>Carvana Auto Receivables Trust 2022- P2</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
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        <name>Raising Cane's Restaurants</name>
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        <name>Spectrum Brands, Inc.</name>
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        <name>Leidos Inc</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BQ7973</title>
        <cusip>3140KT2F1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PCJ3</cusip>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <title>M 7.375 08/01/33 144A</title>
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        <curCd>USD</curCd>
        <valUSD>7866611.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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        <name>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V6.875 10/20/34</title>
        <cusip>693475BU8</cusip>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 03/15/28 144A</title>
        <cusip>46284VAE1</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GLP CAPITAL LP</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.75 06/01/28</title>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>692342.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Permian Resources Operating, LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>PR 6.25 02/01/33 144A</title>
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          <isin value="US71424VAB62"/>
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        <balance>5250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 5 02/01/28 144A</title>
        <cusip>1248EPBX0</cusip>
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          <isin value="US1248EPBX05"/>
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        <balance>4500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Viking Cruises, Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>VIKCRU 9.125 07/15/31 144A</title>
        <cusip>92676XAG2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CSMCM Trust Certificates</name>
        <lei>N/A</lei>
        <title>CSMCM 2022-RPL1 Trust</title>
        <cusip>12662JAA0</cusip>
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        <name>Cobank ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>COBKAC V7.125 PERP M</title>
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          <maturityDt>N/A</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>WFC V5.605 04/23/36</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNA 2020-M17 X1</title>
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        <name>Rollins Inc</name>
        <lei>549300F2A0BXT4SGWD84</lei>
        <title>ROL 5.25 02/24/35</title>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HRI 5.75 03/15/31 144A</title>
        <cusip>42704LAH7</cusip>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 6.35 06/01/40 *</title>
        <cusip>25470DBZ1</cusip>
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        <balance>9700000.00000000</balance>
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        <valUSD>7945270.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
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        <name>CVS Health Corp</name>
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        <name>MACY'S RETAIL HOLDINGS LLC</name>
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        <name>SLM Student Loan Trust 2007-4</name>
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        <name>Leidos Inc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Chart Industries Inc</name>
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        <name>Carnival Corporation</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Taylor Morrison Communities Inc</name>
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        <name>FEDEX FREIGHT HOLDING COMPANY INC</name>
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        <name>AERCAP IRELAND CAPITAL DAC</name>
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        <name>Howmet Aerospace Inc</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>Kinetik Holdings LP</name>
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        <name>Herc Holdings Inc</name>
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        <name>Caesars Entertainment Inc</name>
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        <name>Santander UK Group Holdings PLC</name>
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        <title>SANUK V1.673 06/14/27</title>
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        <name>Alphabet Inc.</name>
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        <name>Danske Bank A/S</name>
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        <name>Fidelity National Information Services Inc</name>
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        <name>Royal Bank of Canada</name>
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        <name>Nexstar Media Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FHMS K059 X3</title>
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        <name>VICI PROPERTIES LP</name>
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        <name>Synchrony Financial</name>
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        <name>United States Treasury Notes</name>
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        <name>AERCAP IRELAND CAPITAL DAC</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>Match Group Holdings II LLC</name>
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        <name>MasterBrand Inc</name>
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        <name>Alphabet Inc.</name>
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          <maturityDt>2033-02-25</maturityDt>
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        <name>GENESIS ENERGY LP</name>
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        <name>Targa Resources Corp.</name>
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        <name>Caesars Entertainment Inc.</name>
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        <name>United States Treasury Bonds</name>
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        <name>Boeing Co.</name>
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        <name>Morgan Stanley</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>Paramount Global</name>
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        <name>Medline Industries</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>Paramount Global</name>
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        <name>Massmutual Global Funding II</name>
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        <name>Chase Auto 2005-B</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CARVANA AUTO RECEIVABLES TRUST 2021</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>General Motors Company</name>
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        <name>Government National Mortgage Association</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>Goldman Sachs Group, Inc.</name>
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        <name>Pilgrims Pride Corporation</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Cigna Group</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-25</maturityDt>
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      <invstOrSec>
        <name>HILTON USA TRUST</name>
        <lei>N/A</lei>
        <title>HILT 2024-ORL B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
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        <name>Crowdstrike Holdings Inc</name>
        <lei>549300YBY08K9KM4HX32</lei>
        <title>CRWD 3 02/15/29</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V4.213 02/08/30 .</title>
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          <isin value="US61776NU432"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-08</maturityDt>
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        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D V6.2 02/15/56</title>
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        <balance>4268000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Gildan Activewear Inc.</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>GILCN 5.4 10/07/35 144A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.875 03/15/34 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Petco Health and Wellness Company Inc</name>
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        <title>WOOF 8.25 02/01/31 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Carvana Auto Receivables Trust 2022- P2</name>
        <lei>N/A</lei>
        <title>CRVNA 2022-P2 R</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>AS Mileage Plan IP Ltd.</name>
        <lei>N/A</lei>
        <title>ALK 5.308 10/20/31 144A</title>
        <cusip>00218QAB6</cusip>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Smithfield Foods Inc</name>
        <lei>CVTIPZRZJC0JQEZLL598</lei>
        <title>SFD 5.2 04/01/29 144A</title>
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        <balance>387000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>Kennedy Wilson Inc</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>KW 5 03/01/31</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Oregon Tool Lux LP</name>
        <lei>N/A</lei>
        <title>BLT 7.875 10/15/29 144a</title>
        <cusip>68610BAA2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabian Oil Company</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>ARAMCO 4.375 02/02/31 144A</title>
        <cusip>80415RAA9</cusip>
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        <balance>3196000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FA3829</title>
        <cusip>3140W4HF7</cusip>
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        <balance>4935917.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4691226.73000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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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>Ally Financial Inc.</name>
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        <name>Caesars Entertainment Inc</name>
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        <name>HCA Inc.</name>
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        <name>AS Mileage Plan IP Ltd.</name>
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        <name>Ovintiv Inc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Goodyear Tire &amp; Rubber Co. The</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>TransDigm, Inc.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Global Payments Inc</name>
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        <name>Kohl's Corp.</name>
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        <title>KSS 10 06/01/30 144A</title>
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        <name>Buckeye Partners LP</name>
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        <name>ASURION LLC</name>
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        <title>ASUCOR 8.375 02/01/34 144A</title>
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        <name>PENN Entertainment Inc</name>
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        <name>Flex Intermediate Holdco LLC</name>
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        <name>Ford Motor Credit Company LLC</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>Amneal Pharmaceuticals</name>
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        <name>SLM STUDENT LOAN TRUST 2006-2</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Global Payments Inc</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>WarnerMedia Holdings Inc.</name>
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        <name>GFL Environmental Inc.</name>
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        <invCountry>CA</invCountry>
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        <name>Talen Energy Supply LLC</name>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <name>ASURION LLC</name>
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        <title>ASUCOR 8 12/31/32 144A</title>
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        <name>Government National Mortgage Association</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Nustar Logistics, L.P.</name>
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        <name>Alphabet Inc.</name>
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        <name>Match Group Holdings II LLC</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>UBS Group AG</name>
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        <name>CIM TRUST 2020-R6</name>
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        <name>Matador Resources Company</name>
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        <name>Global Payments Inc</name>
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        <name>Alphabet Inc.</name>
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        <name>Advanced Drainage System Inc</name>
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        <name>Apld Computeco LLC</name>
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        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
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        <name>Bacardi Ltd.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>BX Trust 2018-Bilt</name>
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        <name>Gildan Activewear Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Buckeye Partners LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Fiserv Inc.</name>
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        <name>American Express Company</name>
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        <name>Slm St Ln Edc Rep Tr 2013</name>
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        <name>Quikrete Holdings Inc</name>
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        <name>Element Fleet Management Corp</name>
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        <name>Carpenter Technology Corporation</name>
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        <name>Waste Pro USA Inc</name>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 11/15/35</title>
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        <name>Mativ Holdings Inc</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>MATIV HOLDINGS 05/06/27</title>
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        <name>Solventum Corp.</name>
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        <name>BX Trust 2018-Bilt</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PENN Entertainment Inc</name>
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        <name>Totalenergies Capital USA LLC</name>
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        <name>Affiliated Managers Group, Inc.</name>
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        <name>MPLX LP</name>
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        <fairValLevel>2</fairValLevel>
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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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        <invCountry>SA</invCountry>
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        <name>Citadel Securities Global Holdings LLC</name>
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        <title>CITSEC 5.5 06/18/30</title>
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        <name>SREIT COMMERCIAL MORTGAGE TRUST 202</name>
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        <name>Energy Transfer LP</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V3.772 01/24/29 GMTN</title>
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        <name>Polaris Inc.</name>
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        <title>PII 5.6 03/01/31</title>
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        <name>Energy Transfer LP</name>
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        <name>Vsp Optical Group Inc.</name>
        <lei>549300PHX8USLM2BT742</lei>
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        <name>Black Pearl Compute LLC</name>
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        <title>BLKPRL 6.125 02/15/31 144A</title>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V6.6 PERP 144A</title>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PETSMART LLC</name>
        <lei>894500NGJMHSFNESGA67</lei>
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        <name>Energy Transfer LP</name>
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        <title>ET V6.625 PERP B</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
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        <cusip>3136B56F7</cusip>
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        <curCd>USD</curCd>
        <valUSD>479039.20000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <balance>3215000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <curCd>USD</curCd>
        <valUSD>2741118.48000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SLG Office Trust Commercial Mortgage Pass Through Certificates 2021-Ova</name>
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        <title>SLG 2021-OVA C</title>
        <cusip>78449RAG0</cusip>
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          <isin value="US78449RAG02"/>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2669959.45000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 10/31/32</title>
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        <curCd>USD</curCd>
        <valUSD>6621599.69000000</valUSD>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.625 03/01/36</title>
        <cusip>361841AX7</cusip>
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        <curCd>USD</curCd>
        <valUSD>4859612.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 4.2 11/15/30</title>
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        <curCd>USD</curCd>
        <valUSD>7247907.46000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <name>MEDLINE BORROWER LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDIND 6.25 04/01/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>Allison Transmission Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>ALSN 5.875 12/01/33 144A</title>
        <cusip>019736AH0</cusip>
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        <name>U.S. Bancorp.</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>USB V4.653 02/01/29</title>
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        <name>Sunoco LP</name>
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        <title>SUN 5.625 03/15/31 144A</title>
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        <name>United Air Lines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>UAL 4.625 04/15/29 144A</title>
        <cusip>90932LAH0</cusip>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>GE Aerospace</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE 4.3 07/29/30</title>
        <cusip>369604BZ5</cusip>
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        <balance>6595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6701776.55000000</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>2030-07-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MKT 2020-525M MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>MKT 2020-525M A</title>
        <cusip>55316PAA5</cusip>
        <identifiers>
          <isin value="US55316PAA57"/>
        </identifiers>
        <balance>4530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4158314.41000000</valUSD>
        <pctVal>0.127553735726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.69400000</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>5240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5296160.43000000</valUSD>
        <pctVal>0.162456462222</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>Bx Commercial Mortgage Trust 2018-Bioa</name>
        <lei>N/A</lei>
        <title>BX 2020-VIV4 A</title>
        <cusip>05608MAA4</cusip>
        <identifiers>
          <isin value="US05608MAA45"/>
        </identifiers>
        <balance>4050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3812180.76000000</valUSD>
        <pctVal>0.116936299005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84300000</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>
