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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATHENE HOLDING LT V/R 10/15/54</name>
        <lei>549300H316CT32FQXI76</lei>
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          <isin value="US04686JAJ07"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>L3HARRIS TECH I 5.05% 06/01/29</name>
        <lei>549300UTE50ZMDBG8A20</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BQ0194 2% 08/01/50</name>
        <lei>N/A</lei>
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        <cusip>3140KKGC2</cusip>
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          <isin value="US3140KKGC23"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>UMBS P#QN6383 2% 05/01/36</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QN6383 2.00000000</title>
        <cusip>3133GDCU2</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MONDELEZ INTERNA 1.5% 02/04/31</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>MONDELEZ INTERNATIONAL REGD 1.50000000</title>
        <cusip>609207AX3</cusip>
        <identifiers>
          <isin value="US609207AX34"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>744276.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; E 6.15% 01/15/33</name>
        <lei>N/A</lei>
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        <cusip>694308KJ5</cusip>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68631.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>AMERICAN TOWER C 2.1% 06/15/30</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <cusip>03027XBC3</cusip>
        <identifiers>
          <isin value="US03027XBC39"/>
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        <balance>2618000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2269786.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WR GRACE HOLDI 5.625% 08/15/29</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR GRACE HOLDING LLC REGD 144A P/P 5.62500000</title>
        <cusip>92943GAA9</cusip>
        <identifiers>
          <isin value="US92943GAA94"/>
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        <balance>165000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>154297.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>PNC FINANCIAL SER V/R 10/21/32</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <cusip>693475CA1</cusip>
        <identifiers>
          <isin value="US693475CA12"/>
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        <balance>400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396141.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.81200000</annualizedRt>
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      <invstOrSec>
        <name>VZMT 2024-1 C 5.49% 12/20/28</name>
        <lei>5493007MUBNP1GFMEB89</lei>
        <title>VERIZON MASTER TRUST SER 2024-1 CL C REGD 5.49000000</title>
        <cusip>92348KCP6</cusip>
        <identifiers>
          <isin value="US92348KCP66"/>
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        <balance>3355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3369777.77000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY V/R 07/20/29</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY REGD V/R 5.44900000</title>
        <cusip>61747YFF7</cusip>
        <identifiers>
          <isin value="US61747YFF79"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35756.90000000</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>2029-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.44900000</annualizedRt>
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      <invstOrSec>
        <name>TYSON FOODS INC 5.4% 03/15/29</name>
        <lei>WD6L6041MNRW1JE49D58</lei>
        <title>TYSON FOODS INC REGD 5.40000000</title>
        <cusip>902494BL6</cusip>
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          <isin value="US902494BL61"/>
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        <balance>65000.00000000</balance>
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        <valUSD>66380.09000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>CONOCOPHILLIPS  5.65% 01/15/65</name>
        <lei>N/A</lei>
        <title>CONOCOPHILLIPS COMPANY REGD 5.65000000</title>
        <cusip>20826FBN5</cusip>
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          <isin value="US20826FBN50"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65776.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WASTE MANAGEMEN 4.95% 07/03/31</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>WASTE MANAGEMENT INC REGD 4.95000000</title>
        <cusip>94106LBY4</cusip>
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          <isin value="US94106LBY48"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421486.78000000</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>2031-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SORT 2021-1A A 1.53% 03/15/26</name>
        <lei>N/A</lei>
        <title>CF HIPPOLYTA ISSUER LLC SER 2021-1A CL A1 REGD 144A P/P 1.53000000</title>
        <cusip>12530MAE5</cusip>
        <identifiers>
          <isin value="US12530MAE57"/>
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        <curCd>USD</curCd>
        <valUSD>115444.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARROW ELECTRONI 5.15% 08/21/29</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>ARROW ELECTRONICS INC REGD 5.15000000</title>
        <cusip>04273WAF8</cusip>
        <identifiers>
          <isin value="US04273WAF86"/>
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        <balance>174000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174230.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAE SYSTEMS PL 5.125% 03/26/29</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
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      <invstOrSec>
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        <name>POST HOLDINGS  6.375% 03/01/33</name>
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        <name>GLM 2022-15A DR V/R 10/20/36</name>
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      <invstOrSec>
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        <name>AREIT 2024-CRE9  V/R 01/17/29</name>
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        <name>JDOT 2023-C A4 5.39% 08/15/30</name>
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        <name>GNMA II P#MA9966 6% 10/20/54</name>
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        <name>COLT 2021-2 A1 V/R 08/25/66</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN TOWER C 3.8% 08/15/29</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <cusip>03027XAW0</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS P#SD8089 2.5% 07/01/50</name>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HIGHTOWER HOLDI 6.75% 04/15/29</name>
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        <name>FGLMC P#C91815 3% 03/01/35</name>
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      <invstOrSec>
        <name>KINDER MORGAN IN 5.2% 06/01/33</name>
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        <name>AON CORP/AON GL 5.35% 02/28/33</name>
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        <name>SOUTHERN CAL E 4.125% 03/01/48</name>
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        <name>FIRSTENERGY CORP 4.15% 07/15/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UPL CORP LTD 4.625% 06/16/30</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#CB4573 5% 09/01/52</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROOKLYN UNION 4.866% 08/05/32</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK 2024-BNK 5.716% 05/15/34</name>
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      <invstOrSec>
        <name>CONSOLIDATED COMMU 5% 10/01/28</name>
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        <name>ALTICE FRANCE SA 5.5% 10/15/29</name>
        <lei>N/A</lei>
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        <name>MASS MUTUAL LI 3.375% 04/15/50</name>
        <lei>R6ZXK5P01NP6HXSY1S07</lei>
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        <balance>388000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>277372.18000000</valUSD>
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        <name>EIG PEARL HOLD 3.545% 08/31/36</name>
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        <cusip>28249NAA9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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      <invstOrSec>
        <name>TRANSDIGM INC 6.875% 12/15/30</name>
        <lei>N/A</lei>
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        <cusip>893647BS5</cusip>
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          <isin value="US893647BS53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLACKSTONE HOLDING 2% 01/30/32</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <name>CONAGRA BRANDS  4.85% 11/01/28</name>
        <lei>54930035UDEIH090K650</lei>
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        <cusip>205887CC4</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>MLMI 2006-AF1  5.75% 08/25/36</name>
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      <invstOrSec>
        <name>APPLOVIN CORP 5.375% 12/01/31</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
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          <isin value="US03831WAC29"/>
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        <name>UMBS P#ZK9295 3% 02/01/33</name>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 07/25/28</name>
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        <name>VORTEX OPCO LLC 8% 04/30/30</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>UNITEDHEALTH GROUP 4% 05/15/29</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <name>COMM 2024-277 6.338% 08/10/29</name>
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        <name>GMCAR 2023-2 B 4.82% 10/16/28</name>
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        <name>GNMA II P#MA4263 4% 02/20/47</name>
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        <name>FIVE CORNERS FN 2.85% 05/15/30</name>
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        <name>PROG 2022-SFR3  3.2% 04/17/27</name>
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        <name>UNITEDHEALTH GR 4.95% 01/15/32</name>
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        <name>UBS GROUP AG V/R 08/12/33</name>
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        <name>INTEL CORP 3.734% 12/08/47</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <name>BMO 2024-5C7 AS V/R 11/15/29</name>
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        <name>ARCOSA INC 6.875% 08/15/32</name>
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          <isin value="US039653AC46"/>
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        <name>INTESA SANPAOLO S V/R 06/20/54</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
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        <name>FHR 5201 PA 2.5% 03/25/52</name>
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        <name>OTIS WORLDWIDE 2.565% 02/15/30</name>
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        <name>T/L GRAY TELEVISI 0% 12/01/28</name>
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        <name>ACURIS FIN US/ACUR 5% 05/01/28</name>
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        <name>BXP 2017-GM B V/R 06/13/27</name>
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        <name>PART 2022-1A B 6.55% 01/15/25</name>
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        <name>MCGRAW-HILL ED 7.375% 09/01/31</name>
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        <name>FNR 2023-36 IO 2.5% 10/25/52</name>
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        <name>FHS 389 C35 2% 06/15/52</name>
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        <name>REPUBLIC OF CO 4.125% 05/15/51</name>
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        <name>BABSN 2024-1A B V/R 01/20/37</name>
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        <name>VOLT 2021-NP11 A V/R 07/25/24</name>
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        <name>WFCM 2024-C63 XA V/R 08/15/57</name>
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        <name>UMBS P#RA2898 2.5% 06/01/50</name>
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        <name>BOCA 2024-BOCA A V/R 08/15/26</name>
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        <name>CWALT 2005-28CB 5.5% 08/25/35</name>
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        <name>BLUE RACER MID  7.25% 07/15/32</name>
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        <name>UMBS P#MA4869 5.5% 01/01/53</name>
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        <name>GOLDMAN SACHS GRO V/R 10/23/30</name>
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        <name>UMBS P#CB5113 5.5% 11/01/52</name>
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        <name>O'REILLY AUTOMOT 4.7% 06/15/32</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JPMORGAN CHASE &amp;  V/R 01/23/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOST HOTELS &amp; RE 5.7% 07/01/34</name>
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          <couponKind>Fixed</couponKind>
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        <name>GUARA NORTE SA 5.198% 06/15/34</name>
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        <name>LDPT 2021-A C 2.75% 09/15/24</name>
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          <isin value="US52607FAC86"/>
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        <lei>NKNQHM6BLECKVOQP7O46</lei>
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        <name>NCHET 2005-B M2 V/R 10/25/35</name>
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        <name>SUBWAY 2024-1 6.505% 07/30/34</name>
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        <name>CASTLE US HOLDIN 9.5% 02/15/28</name>
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        <name>FKH 2022-SFR2  4.25% 07/17/27</name>
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        <name>UMBS P#BW9008 5% 10/01/52</name>
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      <invstOrSec>
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        <name>FNMA TBA 15YR 2% DEC 24</name>
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        <name>ROYAL BANK OF C 5.15% 02/01/34</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>EOG RESOURCES I 5.65% 12/01/54</name>
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        <name>CITIGROUP INC V/R 09/19/39</name>
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        <name>UMBS P#BR1035 2% 05/01/51</name>
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        <name>UMBS P#FM8373 2% 08/01/36</name>
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        <name>DTAOT 2023-2A  5.41% 08/15/25</name>
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        <name>PROG 2023-SFR1  4.3% 03/09/28</name>
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        <name>PRPM 2021-RPL1 A V/R 07/25/51</name>
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        <name>HIH 2024-61P A V/R 10/15/26</name>
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        <name>GROUP 1 AUTOMO 6.375% 01/15/30</name>
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        <name>PROG 2022-SFR 4.451% 07/20/27</name>
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        <name>JSW HYDRO ENER 4.125% 05/18/31</name>
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        <name>BRSP 2024-FL2 A V/R 08/19/27</name>
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        <name>FNR 2021-95 GI 3% 01/25/52</name>
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        <name>FNMA 30YR TBA 4.5% DEC 24</name>
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        <name>AMSR 2024-SFR2 4.15% 11/17/29</name>
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        <name>NABORS INDUSTR 9.125% 01/31/30</name>
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        <name>HSBC HOLDINGS PLC V/R 05/17/32</name>
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        <name>UMBS P#BA4018 3.5% 03/01/46</name>
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        <name>BBCMS 2022-C15 A V/R 03/15/32</name>
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        <title>BENCHMARK 2019-B15 MORTGAGE TRUST SER 2019-B15 CL A5 REGD 2.92800000</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTERPRISE PROD 4.95% 02/15/35</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNR 2022-49 IO V/R 03/16/64</name>
        <lei>N/A</lei>
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          <isin value="US38381EQ925"/>
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        <valUSD>1487218.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SOUTHERN CO 4.85% 03/15/35</name>
        <lei>549300FC3G3YU2FBZD92</lei>
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        <cusip>842587EA1</cusip>
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          <isin value="US842587EA18"/>
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        <curCd>USD</curCd>
        <valUSD>486221.49000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 07/23/31</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>06051GJF7</cusip>
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          <isin value="US06051GJF72"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170653.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-23</maturityDt>
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      <invstOrSec>
        <name>US TREAS BDS 3.375% 11/15/48</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 3.37500000</title>
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        <identifiers>
          <isin value="US912810SE91"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
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      <invstOrSec>
        <name>TRITON CONTAINE 3.25% 03/15/32</name>
        <lei>N/A</lei>
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          <isin value="US89681LAA08"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRTX 2021-FL4 A V/R 03/15/38</name>
        <lei>N/A</lei>
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        <cusip>87276WAA1</cusip>
        <identifiers>
          <isin value="US87276WAA18"/>
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        <balance>257953.14000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256988.99000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PENNYMAC FIN S 7.875% 12/15/29</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAD9</cusip>
        <identifiers>
          <isin value="US70932MAD92"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84556.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOMES 2023-NQM2  V/R 05/25/27</name>
        <lei>N/A</lei>
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        <cusip>43761KAA2</cusip>
        <identifiers>
          <isin value="US43761KAA25"/>
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        <curCd>USD</curCd>
        <valUSD>1606729.37000000</valUSD>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ENTERGY CORP V/R 12/01/54</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>ENTERGY CORP REGD V/R 7.12500000</title>
        <cusip>29364GAQ6</cusip>
        <identifiers>
          <isin value="US29364GAQ64"/>
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        <curCd>USD</curCd>
        <valUSD>96410.07000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>IRON MOUNTAIN INC 7% 02/15/29</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAP6</cusip>
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          <isin value="US46284VAP67"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACAR 2023-3 B 6.09% 06/12/25</name>
        <lei>N/A</lei>
        <title>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2023-3 SER 2023-3 CL B REGD 144A P/P 6.09000000</title>
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          <isin value="US02530EAC84"/>
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        <name>H-FOOD HOLDNG/HE 8.5% 06/01/26</name>
        <lei>N/A</lei>
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        <cusip>577088AA5</cusip>
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          <isin value="US577088AA59"/>
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        <name>XHR LP 6.625% 05/15/30</name>
        <lei>N/A</lei>
        <title>XHR LP REGD 144A P/P 6.62500000</title>
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          <isin value="US98372MAE57"/>
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        <balance>255000.00000000</balance>
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        <name>JELD-WEN INC 4.875% 12/15/27</name>
        <lei>N/A</lei>
        <title>JELD-WEN INC REGD 144A P/P 4.87500000</title>
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          <isin value="US475795AD24"/>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HESS CORP 7.3% 08/15/31</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>HESS CORP REGD 7.30000000</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <name>WFCM 2020-C55 2.937% 01/15/30</name>
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      <invstOrSec>
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        <name>F/C US 10YR ULTRA FUT MAR25</name>
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          <ticker value="UXYH5XCBT"/>
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        <name>HOME DEPOT INC 5.3% 06/25/54</name>
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        <name>CITIGROUP INC V/R 02/13/30</name>
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        <name>SUBURBAN PROPANE P 5% 06/01/31</name>
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        <name>OBX 2022-NQM1 A1 V/R 01/25/26</name>
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        <name>OHIO EDISON CO 5.5% 01/15/33</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T/L CLOUD SOFTWAR ZCP 03/24/31</name>
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        <name>MICHAELS COS IN 5.25% 05/01/28</name>
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        <name>UMBS P#CA8304 2% 12/01/40</name>
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        <name>UMBS P#FS4619 4.5% 10/01/50</name>
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        <name>UMBS P#CB1908 2.5% 10/01/51</name>
        <lei>N/A</lei>
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        <name>JPMORGAN CHASE &amp;  V/R 04/22/32</name>
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        <name>CHS/COMMUNITY HEAL 6% 01/15/29</name>
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        <name>SMITH &amp; NEPHEW P 5.4% 03/20/34</name>
        <lei>213800ZTMDN8S67S1H61</lei>
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        <name>PHILIP MORRIS  5.625% 09/07/33</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>CONOCOPHILLIPS  5.55% 03/15/54</name>
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        <name>SMRT 2022-MINI D V/R 01/15/24</name>
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        <name>BLACKSTONE PRIVATE 6% 11/22/34</name>
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        <name>CGMS 2024-4A D V/R 07/20/37</name>
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        <name>UMBS P#MA4325 2% 05/01/51</name>
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        <name>INRETAIL SHOPPI 5.75% 04/03/28</name>
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        <title>INRETAIL SHOPPIN REGD REG S 5.75000000</title>
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        <name>HPA 2021-1 D 2.477% 09/17/29</name>
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        <name>MEGLOBAL CANADA UL 5% 05/18/25</name>
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        <name>FHMS K119 X1 V/R 09/25/30</name>
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        <name>GNMA II P#MA1760 3.5% 03/20/44</name>
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        <name>NATIONAL RURAL UTI 5% 08/15/34</name>
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        <name>BAT CAPITAL CORP 6% 02/20/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VIDEOTRON LTD 5.7% 01/15/35</name>
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        <name>AMSR 2024-SFR1 4.29% 07/17/29</name>
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        <name>T/L PETSMART INC 0% 02/11/28</name>
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        <name>UBS GROUP AG V/R 04/01/31</name>
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        <name>HCA INC 5.45% 09/15/34</name>
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        <name>GCAT 2021-NQM4 A V/R 08/25/25</name>
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        <name>US TREAS BDS 3.125% 05/15/48</name>
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        <name>GNMA II P#MA5762 3.5% 02/20/49</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WFCM 2017-C38 XA V/R 07/15/50</name>
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        <name>T/L ASPIRE BAKERIE 0% 12/13/30</name>
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        <name>UMBS P#SD1529 4% 03/01/49</name>
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        <name>HTL 2024-T53 A V/R 05/10/27</name>
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        <name>BP CAP MARKETS 3.379% 02/08/61</name>
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        <name>G2SF 30YR TBA 3.0% DEC 12</name>
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        <name>EQUINOR ASA 3.7% 04/06/50</name>
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        <title>EQUINOR ASA REGD 3.70000000</title>
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          <isin value="US29446MAH51"/>
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        <name>MASTEC INC 5.9% 06/15/29</name>
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        <name>FHMS Q001 A3 3.815% 02/25/32</name>
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        <name>FHR 4892 ES V/R 07/25/45</name>
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        <name>GNMA II P#MA7589 2.5% 09/20/51</name>
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        <name>VT TOPCO INC 8.5% 08/15/30</name>
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      <invstOrSec>
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        <name>GMCAR 2023-2 C 5.21% 12/18/28</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>US TREAS BDS 2.25% 08/15/46</name>
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        <name>BARCLAYS PLC V/R 11/02/28</name>
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        <name>UMBS P#BK3050 2% 09/01/40</name>
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        <name>FHR 5169 IO 3% 09/25/51</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BMO 2024-C9 A 5.759% 07/15/34</name>
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      <invstOrSec>
        <name>PROG 2021-SFR 2.732% 01/17/29</name>
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      <invstOrSec>
        <name>UMBS P#MA4356 2.5% 06/01/51</name>
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        <name>CAESARS ENTERTAIN  6% 10/15/32</name>
        <lei>549300FA4CTCW903Y781</lei>
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      <invstOrSec>
        <name>CHARTER COMM OPT 4.2% 03/15/28</name>
        <lei>N/A</lei>
        <title>CHARTER COMM OPT LLC/CAP REGD SER WI 4.20000000</title>
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          <isin value="US161175BK95"/>
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      <invstOrSec>
        <name>US TREAS BDS 2.375% 05/15/51</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 2.37500000</title>
        <cusip>912810SX7</cusip>
        <identifiers>
          <isin value="US912810SX72"/>
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        <balance>29315000.00000000</balance>
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        <valUSD>19802511.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#QU7398 3% 04/01/50</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QU7398 3.00000000</title>
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          <isin value="US3133JLGF05"/>
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        <valUSD>4290625.19000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELEVANCE HEALTH  4.5% 10/30/26</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <cusip>036752BG7</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BUCKEYE PARTNE 6.875% 07/01/29</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 144A P/P 6.87500000</title>
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        <identifiers>
          <isin value="US118230AV39"/>
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        <valUSD>147910.73000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>DBS GROUP HOLDING V/R 03/10/31</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN TOWER C 3.6% 01/15/28</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <cusip>03027XAR1</cusip>
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          <isin value="US03027XAR17"/>
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        <name>VENTURE GLOBAL 9.875% 02/01/32</name>
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        <name>UMBS P#ZL6785 3.5% 08/01/43</name>
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      <invstOrSec>
        <name>SYSCO CORPORATI 3.25% 07/15/27</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
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        <cusip>871829BF3</cusip>
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      <invstOrSec>
        <name>ORACLE CORP 6.25% 11/09/32</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <name>MET TRANSPRTN  6.814% 11/15/40</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>MET TRANSPRTN AUTH NY REVENUE REGD N/C B/E 6.81400000</title>
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        <cusip>56606KAA3</cusip>
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      <invstOrSec>
        <name>MILLICOM INTL C 6.25% 03/25/29</name>
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        <name>UNIV OF CALIFO 6.548% 05/15/48</name>
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        <name>MF1 2022-FL8 AS V/R 02/19/37</name>
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        <name>ELI LILLY &amp; CO 4.2% 08/14/29</name>
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        <name>UMBS P#SD1460 3% 05/01/52</name>
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        <name>SOUTHWEST AIRL 5.125% 06/15/27</name>
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        <name>UMBS P#SD1181 3% 06/01/52</name>
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        <name>GNMA II 30YR TBA 5.5% DEC 24</name>
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        <name>SELECT MEDICAL  6.25% 08/15/26</name>
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        <name>FHR 3835 FO ZCP 04/15/41</name>
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        <name>GENERAL MOTORS F 3.1% 01/12/32</name>
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        <name>SIDC 2023-2A A2 5.9% 07/25/28</name>
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        <name>AOMT 2021-2 A1 V/R 04/25/25</name>
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        <name>FREEPORT-MCMOR 4.375% 08/01/28</name>
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        <name>ELEVANCE HEALT 5.125% 02/15/53</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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      <invstOrSec>
        <name>UMBS P#QC5983 2.5% 08/01/51</name>
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      <invstOrSec>
        <name>GNMA II P#MA7195 3.5% 02/20/51</name>
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      <invstOrSec>
        <name>UMBS P#ZA6520 4% 04/01/49</name>
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      <invstOrSec>
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        <name>UMBS P#FS3771 4.5% 12/01/37</name>
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        <name>BANK 2017-BNK4 X V/R 05/15/50</name>
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        <name>GMCAR 2023-3 C 5.92% 03/16/27</name>
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        <name>O'REILLY AUTOMO 5.75% 11/20/26</name>
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        <name>CONOCOPHILLIPS C 3.8% 03/15/52</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PHILIP MORRIS I 4.75% 11/01/31</name>
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        <name>T/L CENTRAL PAREN ZCP 07/06/29</name>
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        <name>UBS GROUP AG V/R 08/11/28</name>
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        <name>BRISTOL-MYERS S 5.55% 02/22/54</name>
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        <name>CONSTELLATION  5.461% 02/16/34</name>
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        <name>US TREAS BDS 3% 02/15/48</name>
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        <name>DUKE ENERGY COR 5.45% 06/15/34</name>
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        <name>T/L TRITON WATER HOLDINGS INC 0% 3/31/2028</name>
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        <name>VIRGINIA ELEC &amp; PO 5% 01/15/34</name>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO 4.6% 08/14/34</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; CO REGD 4.60000000</title>
        <cusip>532457CR7</cusip>
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          <isin value="US532457CR72"/>
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        <curCd>USD</curCd>
        <valUSD>93680.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-14</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T/L MITCHELL INTER 0% 06/07/32</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX234305"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54415.90000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>L3HARRIS TECH I 5.35% 06/01/34</name>
        <lei>549300UTE50ZMDBG8A20</lei>
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        <cusip>502431AU3</cusip>
        <identifiers>
          <isin value="US502431AU32"/>
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        <balance>350000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>357219.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NVIDIA CORP 2.85% 04/01/30</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP REGD 2.85000000</title>
        <cusip>67066GAF1</cusip>
        <identifiers>
          <isin value="US67066GAF19"/>
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        <balance>370000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>342483.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERPRISE PRODU 3.3% 02/15/53</name>
        <lei>N/A</lei>
        <title>ENTERPRISE PRODUCTS OPER REGD 3.30000000</title>
        <cusip>29379VCB7</cusip>
        <identifiers>
          <isin value="US29379VCB71"/>
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        <balance>95000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66694.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARGILL INC 4% 06/22/32</name>
        <lei>QXZYQNMR4JZ5RIRN4T31</lei>
        <title>CARGILL INC REGD 144A P/P 4.00000000</title>
        <cusip>141781BW3</cusip>
        <identifiers>
          <isin value="US141781BW32"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76287.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SHELL FINANCE U 3.25% 04/06/50</name>
        <lei>N/A</lei>
        <title>SHELL FINANCE US IN REGD SER * 3.25000000</title>
        <cusip>822905AG0</cusip>
        <identifiers>
          <isin value="US822905AG05"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323727.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENSKE TRUCK LE 5.75% 05/24/26</name>
        <lei>N/A</lei>
        <title>PENSKE TRUCK LEASING/PTL REGD 144A P/P 5.75000000</title>
        <cusip>709599BU7</cusip>
        <identifiers>
          <isin value="US709599BU71"/>
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        <balance>150000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151745.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SONIC AUTOMOTI 4.625% 11/15/29</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>SONIC AUTOMOTIVE INC REGD 144A P/P 4.62500000</title>
        <cusip>83545GBD3</cusip>
        <identifiers>
          <isin value="US83545GBD34"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56405.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS P#QB9896 2% 03/01/51</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC POOL UMBS P#QB9896 2.00000000</title>
        <cusip>3133AG7H6</cusip>
        <identifiers>
          <isin value="US3133AG7H60"/>
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        <balance>599102.76000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>482520.81000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BERKSHIRE HATHA 5.95% 05/15/37</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY ENERG REGD 5.95000000</title>
        <cusip>59562VAP2</cusip>
        <identifiers>
          <isin value="US59562VAP22"/>
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        <balance>1100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1179378.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T/L THUNDER G 0% 10/14/31</name>
        <lei>N/A</lei>
        <title>T/L THUNDER GENERATION         FUNDING  LLC REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX247269"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115718.75000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.60953000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOVIDA EUROPE S 7.85% 04/11/29</name>
        <lei>N/A</lei>
        <title>MOVIDA EUROPE SA REGD 144A P/P 7.85000000</title>
        <cusip>62459LAC3</cusip>
        <identifiers>
          <isin value="US62459LAC37"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186877.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-11</maturityDt>
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        <name>NISOURCE INC 5.35% 04/01/34</name>
        <lei>549300D8GOWWH0SJB189</lei>
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        <cusip>65473PAQ8</cusip>
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          <isin value="US65473PAQ81"/>
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        <balance>359000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AI CANDELARIA - 5.75% 06/15/33</name>
        <lei>N/A</lei>
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        <cusip>00870WAA4</cusip>
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          <isin value="US00870WAA45"/>
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        <balance>250000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COM V/R 04/04/51</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U2M4</cusip>
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          <isin value="US95000U2M49"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218545.56000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-04</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GNMA II P#MA1375 3.5% 10/20/43</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA1375 3.50000000</title>
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        <identifiers>
          <isin value="US36179NQ439"/>
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        <balance>391104.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365463.59000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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        <name>BSPRT 2021-FL6 A V/R 03/15/36</name>
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        <name>MICHAELS COS I 7.875% 05/01/29</name>
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        <name>ROCC 2024-CNT 5.388% 11/13/29</name>
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        <name>KCOT 2024-1A A 5.19% 11/15/27</name>
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      <invstOrSec>
        <name>AGCO CORP 5.45% 03/21/27</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KTAMA 2023-1A D V/R 10/20/36</name>
        <lei>N/A</lei>
        <title>KATAYMA CLO I LTD SER 2023-1A CL D V/R REGD 144A P/P 9.86740000</title>
        <cusip>48585JAJ9</cusip>
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          <isin value="US48585JAJ97"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAS 2024-R02 1M2 V/R 02/25/44</name>
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          <isin value="US20754GAE08"/>
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        <curCd>USD</curCd>
        <valUSD>231437.18000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>US T BILL ZCP 07/10/25</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BILL ZCP 0.00000000</title>
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        <identifiers>
          <isin value="US912797LW51"/>
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        <balance>565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550539.77000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CROWN CASTLE INC 3.8% 02/15/28</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INC REGD 3.80000000</title>
        <cusip>22822VAK7</cusip>
        <identifiers>
          <isin value="US22822VAK70"/>
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        <curCd>USD</curCd>
        <valUSD>43621.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GCAT 2021-NQM7 A V/R 12/25/25</name>
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        <title>GCAT 2021-NQM7 TRUST SER 2021-NQM7 CL A1 V/R REGD 144A P/P 1.91500000</title>
        <cusip>36167YAA6</cusip>
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          <isin value="US36167YAA64"/>
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        <curCd>USD</curCd>
        <valUSD>327275.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T INC 2.25% 02/01/32</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC REGD 2.25000000</title>
        <cusip>00206RKH4</cusip>
        <identifiers>
          <isin value="US00206RKH48"/>
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        <balance>4123000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3473891.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>COMCAST CORP 2.887% 11/01/51</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD SER WI 2.88700000</title>
        <cusip>20030NDS7</cusip>
        <identifiers>
          <isin value="US20030NDS71"/>
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        <balance>410000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>264988.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.88700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORDL 2024-B A 4.99% 12/15/26</name>
        <lei>N/A</lei>
        <title>FORD CREDIT AUTO LEASE TRUST 2024-B SER 2024-B CL A3 REGD 4.99000000</title>
        <cusip>345279AD5</cusip>
        <identifiers>
          <isin value="US345279AD57"/>
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        <balance>5800000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5835381.16000000</valUSD>
        <pctVal>0.316416005161</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.99000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPA V/R /PERP/</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY REGD V/R /PERP/ 6.85000000</title>
        <cusip>95002YAC7</cusip>
        <identifiers>
          <isin value="US95002YAC75"/>
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        <balance>88000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91179.18000000</valUSD>
        <pctVal>0.004944073248</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS 2018-TALL  V/R 03/15/21</name>
        <lei>N/A</lei>
        <title>BBCMS 2018-TALL MORTGAGE TRUST SER 2018-TALL CL F V/R REGD 144A P/P 8.04201000</title>
        <cusip>05548WAL1</cusip>
        <identifiers>
          <isin value="US05548WAL19"/>
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        <balance>1236000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>859955.03000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.04201000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>GSMS 2018-TWR G V/R 07/15/21</name>
        <lei>N/A</lei>
        <title>GS MORTGAGE SECURITIES CORP TRUST 2018-TWR SER 2018-TWR CL G V/R REGD 144A P/P 8.83166000</title>
        <cusip>36251SAU2</cusip>
        <identifiers>
          <isin value="US36251SAU24"/>
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        <curCd>USD</curCd>
        <valUSD>7504.00000000</valUSD>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>T/L UFC HOLDIN 0% 11/14/31</name>
        <lei>N/A</lei>
        <title>T/L UFC HOLDINGS  LLC  REGD 0.00000000</title>
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          <other otherDesc="LOANX" value="LX252293"/>
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        <valUSD>70469.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-14</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMBARQ CORP 7.995% 06/01/36</name>
        <lei>N/A</lei>
        <title>EMBARQ CORP REGD 7.99500000</title>
        <cusip>29078EAA3</cusip>
        <identifiers>
          <isin value="US29078EAA38"/>
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        <balance>65000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32107.13000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITEDHEALTH G 5.375% 04/15/54</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC REGD 5.37500000</title>
        <cusip>91324PFC1</cusip>
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          <isin value="US91324PFC14"/>
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        <valUSD>524955.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MATADOR RESOURCE 6.5% 04/15/32</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MATADOR RESOURCES CO REGD 144A P/P 6.50000000</title>
        <cusip>576485AG1</cusip>
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          <isin value="US576485AG13"/>
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        <valUSD>90223.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AESOP 2024-3A  5.23% 12/20/29</name>
        <lei>N/A</lei>
        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2024-3A CL A REGD 144A P/P 5.23000000</title>
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          <isin value="US05377RJK14"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541350.72000000</valUSD>
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        <title>FANNIE MAE POOL UMBS P#AL6942 2.50000000</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AFFRM 2023-A 1 6.61% 01/15/25</name>
        <lei>N/A</lei>
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        <cusip>00834JAE0</cusip>
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          <isin value="US00834JAE01"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS HEALTH CORP 1.75% 08/21/30</name>
        <lei>549300EJG376EN5NQE29</lei>
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        <cusip>126650DN7</cusip>
        <identifiers>
          <isin value="US126650DN71"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AGREE LP 5.625% 06/15/34</name>
        <lei>N/A</lei>
        <title>AGREE LP REGD 5.62500000</title>
        <cusip>008513AE3</cusip>
        <identifiers>
          <isin value="US008513AE31"/>
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        <balance>123000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126160.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WFRBS 2014-C2 3.752% 09/15/24</name>
        <lei>N/A</lei>
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        <cusip>92890KBA2</cusip>
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          <isin value="US92890KBA25"/>
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        <curCd>USD</curCd>
        <valUSD>5466.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SIX FLAG/CAN/MA 5.25% 07/15/29</name>
        <lei>N/A</lei>
        <title>SIX FLAG/CAN/MAGNUM/MIL REGD 5.25000000</title>
        <cusip>150190AE6</cusip>
        <identifiers>
          <isin value="US150190AE64"/>
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        <curCd>USD</curCd>
        <valUSD>58242.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS2598 3% 05/01/52</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS2598 3.00000000</title>
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        <curCd>USD</curCd>
        <valUSD>374238.77000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TENET HEALTHCA 6.125% 06/15/30</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP REGD 6.12500000</title>
        <cusip>88033GDQ0</cusip>
        <identifiers>
          <isin value="US88033GDQ01"/>
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        <balance>120000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120614.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#BQ1150 2.5% 10/01/50</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#BQ1150 2.50000000</title>
        <cusip>3140KLH47</cusip>
        <identifiers>
          <isin value="US3140KLH478"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76564.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GGAM FINANCE L 6.875% 04/15/29</name>
        <lei>N/A</lei>
        <title>GGAM FINANCE LTD REGD 144A P/P 6.87500000</title>
        <cusip>36170JAD8</cusip>
        <identifiers>
          <isin value="US36170JAD81"/>
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        <balance>105000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107158.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>BROWN &amp; BROWN  2.375% 03/15/31</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BROWN &amp; BROWN INC REGD 2.37500000</title>
        <cusip>115236AC5</cusip>
        <identifiers>
          <isin value="US115236AC57"/>
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        <valUSD>228943.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>PACIFIC GAS &amp; E 6.75% 01/15/53</name>
        <lei>N/A</lei>
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        <cusip>694308KH9</cusip>
        <identifiers>
          <isin value="US694308KH99"/>
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        <curCd>USD</curCd>
        <valUSD>199956.96000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#CB2436 3% 12/01/51</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MOTOROLA SOLUTIO 5.4% 04/15/34</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>BATLN 2017-11A A V/R 04/24/34</name>
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        <cusip>07132LAL3</cusip>
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      <invstOrSec>
        <name>UMBS TBA 30YR 2% DEC 24</name>
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      <invstOrSec>
        <name>UMBS P#RB5111 2% 05/01/41</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MHC 2021-MHC A V/R 04/15/26</name>
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        <cusip>55316VAA2</cusip>
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          <isin value="US55316VAA26"/>
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        <curCd>USD</curCd>
        <valUSD>30432.94000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO DAVIVIENDA SA V/R /PERP/</name>
        <lei>N/A</lei>
        <title>BANCO DAVIVIENDA SA REGD V/R /PERP/ 144A P/P 6.65000000</title>
        <cusip>059501AD8</cusip>
        <identifiers>
          <isin value="US059501AD88"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167809.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2173-10-22</maturityDt>
          <couponKind>Variable</couponKind>
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          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>TNG23 2023-1  5.102% 04/01/33</name>
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        <cusip>88258MAA3</cusip>
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          <isin value="US88258MAA36"/>
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        <curCd>USD</curCd>
        <valUSD>694114.90000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ITC HOLDINGS CO 2.95% 05/14/30</name>
        <lei>N/A</lei>
        <title>ITC HOLDINGS CORP REGD 144A P/P 2.95000000</title>
        <cusip>465685AQ8</cusip>
        <identifiers>
          <isin value="US465685AQ80"/>
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        <balance>245000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221726.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SDCP 2024-1 A2 6% 04/20/29</name>
        <lei>N/A</lei>
        <title>SABEY DATA CENTER ISSUER LLC SER 2024-1 CL A2 REGD 144A P/P 6.00000000</title>
        <cusip>78520EAG1</cusip>
        <identifiers>
          <isin value="US78520EAG17"/>
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        <balance>165000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166955.99000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALCON FINANCE C 2.75% 09/23/26</name>
        <lei>N/A</lei>
        <title>ALCON FINANCE CORP REGD 144A P/P 2.75000000</title>
        <cusip>01400EAA1</cusip>
        <identifiers>
          <isin value="US01400EAA10"/>
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        <balance>795000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>768368.00000000</valUSD>
        <pctVal>0.041663762209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</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>TCN 2023-SFR1 A 5.1% 07/17/28</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL 2023-SFR1 TRUST SER 2023-SFR1 CL A REGD 144A P/P 5.10000000</title>
        <cusip>89616WAA6</cusip>
        <identifiers>
          <isin value="US89616WAA62"/>
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        <balance>379649.49000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380060.12000000</valUSD>
        <pctVal>0.020608269039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-17</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>
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      <invstOrSec>
        <name>FHR 5018 LW 1% 10/25/40</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5018 CL LW 1.00000000</title>
        <cusip>3137FXBZ0</cusip>
        <identifiers>
          <isin value="US3137FXBZ02"/>
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        <balance>321825.25000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257737.10000000</valUSD>
        <pctVal>0.013975461298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</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>ARIZONA PUBLIC  6.35% 12/15/32</name>
        <lei>N/A</lei>
        <title>ARIZONA PUBLIC SERVICE REGD 6.35000000</title>
        <cusip>040555DE1</cusip>
        <identifiers>
          <isin value="US040555DE14"/>
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        <balance>105000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113542.51000000</valUSD>
        <pctVal>0.006156695928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CF INDUSTRIES  5.375% 03/15/44</name>
        <lei>N/A</lei>
        <title>CF INDUSTRIES INC REGD 5.37500000</title>
        <cusip>12527GAE3</cusip>
        <identifiers>
          <isin value="US12527GAE35"/>
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        <balance>191000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184017.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GENUINE PARTS C 4.95% 08/15/29</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>GENUINE PARTS CO REGD 4.95000000</title>
        <cusip>372460AF2</cusip>
        <identifiers>
          <isin value="US372460AF25"/>
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        <balance>174000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173976.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UMBS P#FS2451 4% 05/01/49</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS2451 4.00000000</title>
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          <isin value="US3140XHWM54"/>
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        <curCd>USD</curCd>
        <valUSD>129588.34000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CHENIERE ENERGY PA 4% 03/01/31</name>
        <lei>5493005UEC8AZ34LDV29</lei>
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          <isin value="US16411QAK76"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AOMT 2020-R1 A1 V/R 12/25/24</name>
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        <title>ANGEL OAK MORTGAGE TRUST 2020-R1 SER 2020-R1 CL A1 V/R REGD 144A P/P 0.99000000</title>
        <cusip>034651AA7</cusip>
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          <isin value="US034651AA74"/>
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        <curCd>USD</curCd>
        <valUSD>199849.19000000</valUSD>
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        <debtSec>
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        <name>TARGA RESOURCES  5.5% 02/15/35</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TARGA RESOURCES CORP REGD 5.50000000</title>
        <cusip>87612GAK7</cusip>
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          <isin value="US87612GAK76"/>
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        <curCd>USD</curCd>
        <valUSD>56827.38000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>T/L WAND NEWCO 3 0% 01/30/31</name>
        <lei>N/A</lei>
        <title>T/L WAND NEWCO 3 INC REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX237933"/>
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        <balance>134662.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135521.65000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.83401776</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ARTERA SERVICES  8.5% 02/15/31</name>
        <lei>N/A</lei>
        <title>ARTERA SERVICES LLC REGD 144A P/P 8.50000000</title>
        <cusip>04302XAA2</cusip>
        <identifiers>
          <isin value="US04302XAA28"/>
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        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24841.49000000</valUSD>
        <pctVal>0.001346997704</pctVal>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOLVENTUM CORP 5.45% 03/13/31</name>
        <lei>254900I70403OSGY4M28</lei>
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        <curCd>USD</curCd>
        <valUSD>142065.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA 30YR TBA 4.5% JAN 25</name>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DANA INC 5.375% 11/15/27</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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        <identifiers>
          <isin value="US235825AF32"/>
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        <curCd>USD</curCd>
        <valUSD>44723.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CNX RESOURCES CORP 6% 01/15/29</name>
        <lei>549300JK3KH8PWM3B226</lei>
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        <identifiers>
          <isin value="US12653CAJ71"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70028.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANCO SANTANDE 5.439% 07/15/31</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA REGD 5.43900000</title>
        <cusip>05964HBG9</cusip>
        <identifiers>
          <isin value="US05964HBG92"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203973.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EFF 2024-1 A3 5.16% 09/20/28</name>
        <lei>N/A</lei>
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          <isin value="US29375PAC41"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSBAM 2014-C19 X V/R 12/15/24</name>
        <lei>N/A</lei>
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        <cusip>61764PBV3</cusip>
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          <isin value="US61764PBV31"/>
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        <balance>1822426.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61.60000000</valUSD>
        <pctVal>0.000003340180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.90819600</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA II P#MA8268 4.5% 09/20/52</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL P#MA8268 4.50000000</title>
        <cusip>36179XFH4</cusip>
        <identifiers>
          <isin value="US36179XFH44"/>
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        <balance>258039.07000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>249432.85000000</valUSD>
        <pctVal>0.013525174069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA C V/R 02/04/33</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP REGD V/R MTN 2.97200000</title>
        <cusip>06051GKK4</cusip>
        <identifiers>
          <isin value="US06051GKK49"/>
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        <balance>535000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>468703.40000000</valUSD>
        <pctVal>0.025414836386</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ONEOK INC 6.1% 11/15/32</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC REGD 6.10000000</title>
        <cusip>682680BG7</cusip>
        <identifiers>
          <isin value="US682680BG78"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79365.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#BH5752 3.5% 11/01/47</name>
        <lei>N/A</lei>
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        <cusip>3140GUMA2</cusip>
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        <valUSD>679281.71000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UMBS P#SD7569 6% 04/01/54</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KROGER CO 5.65% 09/15/64</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
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          <isin value="US501044DX60"/>
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        <curCd>USD</curCd>
        <valUSD>189251.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#RB0369 2% 12/01/40</name>
        <lei>N/A</lei>
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        <valUSD>70758.32000000</valUSD>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMCAST CORP 4.8% 05/15/33</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD 4.80000000</title>
        <cusip>20030NEE7</cusip>
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          <isin value="US20030NEE76"/>
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        <curCd>USD</curCd>
        <valUSD>89479.42000000</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>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>HCA INC 5.45% 04/01/31</name>
        <lei>N/A</lei>
        <title>HCA INC REGD 5.45000000</title>
        <cusip>404119CT4</cusip>
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          <isin value="US404119CT49"/>
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        <curCd>USD</curCd>
        <valUSD>25353.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CNX MIDSTREAM P 4.75% 04/15/30</name>
        <lei>N/A</lei>
        <title>CNX MIDSTREAM PART LP REGD 144A P/P 4.75000000</title>
        <cusip>12654AAA9</cusip>
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          <isin value="US12654AAA97"/>
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        <name>KREF 2021-FL2 A V/R 02/15/39</name>
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        <name>AMSR 2020-SFR 2.456% 11/17/25</name>
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        <name>VENTURE GLOBAL 8.375% 06/01/31</name>
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        <name>EXPAND ENERGY C 6.75% 04/15/29</name>
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        <name>CIGNA GROUP/THE 5% 05/15/29</name>
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        <name>VIKING CRUISES 5.875% 09/15/27</name>
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      <invstOrSec>
        <name>T/L HUNTER DOUGLAS 0% 02/26/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC V/R 08/17/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NAVSL 2023-A A 5.51% 10/15/32</name>
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        <name>CSC HOLDINGS LLC 6.5% 02/01/29</name>
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        <name>AJAXM 2021-C A V/R 01/25/61</name>
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        <name>SUNCOKE ENERGY 4.875% 06/30/29</name>
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        <name>MSC 2021-L7 A 2.322% 08/15/31</name>
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        <title>MORGAN STANLEY CAPITAL I TRUST 2021-L7 SER 2021-L7 CL A4 REGD 2.32200000</title>
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      <invstOrSec>
        <name>PIKE CORP 8.625% 01/31/31</name>
        <lei>N/A</lei>
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          <isin value="US721283AB55"/>
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        <name>ATHENE GLOBAL  4.721% 10/08/29</name>
        <lei>549300LM1QSI4MSIL320</lei>
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          <isin value="US04685A4C23"/>
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        <name>ALLIANT HOLD / C 6.5% 10/01/31</name>
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          <isin value="US01883LAG86"/>
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        <name>GLENCORE FUNDI 5.371% 04/04/29</name>
        <lei>N/A</lei>
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          <isin value="US378272BS65"/>
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        <name>US TREAS BDS 1.375% 08/15/50</name>
        <lei>N/A</lei>
        <title>UNITED STATES TREASURY BOND 1.37500000</title>
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          <isin value="US912810SP49"/>
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        <name>BDS 2024-FL13 A V/R 06/19/29</name>
        <lei>N/A</lei>
        <title>BDS 2024-FL13 LLC SER 2024-FL13 CL A V/R REGD 144A P/P 6.18660000</title>
        <cusip>05555MAA7</cusip>
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          <isin value="US05555MAA71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGY TRANSFER  6.4% 12/01/30</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD 6.40000000</title>
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          <isin value="US29273VAT70"/>
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        <valUSD>416433.59000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>CDW LLC/CDW FIN 2.67% 12/01/26</name>
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      <invstOrSec>
        <name>CADILLAC FAIRVIE 2.5% 10/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JDOT 2024-A A4 4.91% 10/15/27</name>
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        <name>DISCOVER FINANCIA V/R 11/02/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TCN 2024-SFR4 A 4.3% 11/17/29</name>
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          <isin value="US895975AA85"/>
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      <invstOrSec>
        <name>T/L GREYSTONE SELE 0% 06/16/28</name>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#FS3026 2.5% 11/01/51</name>
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        <title>FANNIE MAE POOL UMBS P#FS3026 2.50000000</title>
        <cusip>3140XJLG6</cusip>
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        <name>BAUSCH + LOMB  8.375% 10/01/28</name>
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        <name>FLAME AGGREGATOR /REST/</name>
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        <name>UMBS P#MA4100 2% 08/01/50</name>
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        <name>STANDARD INDUSTR 6.5% 08/15/32</name>
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        <name>EQUINIX INC 2.95% 09/15/51</name>
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        <name>TRIDENT TPI HO 12.75% 12/31/28</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FILPK 2018-1A D V/R 07/15/30</name>
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      <invstOrSec>
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        <name>BPCE SA V/R 10/19/34</name>
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        <name>COLUMBIA PIPEL 5.097% 10/01/31</name>
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        <name>GNMA II P#MA2602 4% 02/20/45</name>
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        <name>FHMS K517 A2 V/R 01/25/29</name>
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        <name>G2SF  30 YR TBA 5% DEC 24</name>
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        <name>OCT61 2023-2A B V/R 04/20/36</name>
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        <name>SIDC 2024-1A A2 5.9% 03/26/29</name>
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        <name>CBASS 2006-CB9 A V/R 11/25/36</name>
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        <cusip>12465MAD6</cusip>
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        <name>FNMA 30YR TBA 4.0% JAN 25</name>
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        <name>GOVT OF BERMUDA 5% 07/15/32</name>
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        <name>COLUMBIA PIPEL 5.927% 08/15/30</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FRIGORIFICO CONC 7.7% 07/21/28</name>
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      <invstOrSec>
        <name>SPIRIT AEROSYST 9.75% 11/15/30</name>
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      <invstOrSec>
        <name>MITER BRAND / M 6.75% 04/01/32</name>
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        <name>UMBS P#MA4493 2.5% 12/01/51</name>
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        <name>SONOCO PRODUCTS  4.6% 09/01/29</name>
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        <name>AOMT 2021-4 A1 V/R 01/20/65</name>
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        <name>T/L LUMEN TECHNOL ZCP 04/16/29</name>
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        <name>AAR ESCROW ISSU 6.75% 03/15/29</name>
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        <name>AASET 2024-1A 6.261% 05/16/31</name>
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        <name>GNMA II P#785305 3% 06/20/50</name>
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        <name>CONAGRA BRANDS I 5.3% 10/01/26</name>
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        <name>PUBLIC SERVICE 6.125% 10/15/33</name>
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        <name>HUMANA INC 5.875% 03/01/33</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <name>MSC 2019-H7 A 3.524% 07/15/29</name>
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      <invstOrSec>
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        <name>OGLETHORPE POWE 5.05% 10/01/48</name>
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        <name>JPMMT 2006-S4 A7 6% 01/25/37</name>
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        <name>RRAM 2022-23A A2 V/R 10/15/35</name>
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        <name>GNMAII JUMBO TBA DEC 24</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MEDLINE BORROWE 5.25% 10/01/29</name>
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      <invstOrSec>
        <name>GULFPORT ENERGY OP 8% 05/17/26</name>
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        <name>EMPRESAS PUBLI 4.375% 02/15/31</name>
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        <name>CUMMINS INC 5.45% 02/20/54</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
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        <cusip>231021AX4</cusip>
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        <name>EVERGY INC 2.9% 09/15/29</name>
        <lei>549300PGTHDQY6PSUI61</lei>
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        <name>ADC 2023-1A A2 6% 08/15/28</name>
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        <name>FHR 5178 IO 4% 03/25/45</name>
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        <name>T/L ADMI CORP 0% 12/23/2027</name>
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        <name>UNITED MEXICAN S 6.4% 05/07/54</name>
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        <name>GNMA II P#MA3572 3% 04/20/31</name>
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        <name>SIMON PROPERTY  4.75% 09/26/34</name>
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        <name>STANDARD CHARTERE V/R 05/14/35</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; E 3.25% 06/01/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC 4.95% 03/15/31</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED MEXICAN 6.338% 05/04/53</name>
        <lei>N/A</lei>
        <title>UNITED MEXICAN STATES REGD 6.33800000</title>
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        <identifiers>
          <isin value="US91087BAX82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465824.65000000</valUSD>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#FS1886 3% 11/01/51</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#FS1886 3.00000000</title>
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          <isin value="US3140XHCY13"/>
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        <curCd>USD</curCd>
        <valUSD>181204.72000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L SIGNIA AEROSPA 0% 11/21/31</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX252733"/>
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        <curCd>USD</curCd>
        <valUSD>120000.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-21</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BAT CAPITAL CO 5.834% 02/20/31</name>
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          <isin value="US05526DBY04"/>
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        <balance>275000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>286326.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.83400000</annualizedRt>
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      <invstOrSec>
        <name>VIRGINIA ELEC &amp; PO 5% 04/01/33</name>
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          <isin value="US927804GK44"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341289.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 01/27/32</name>
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          <isin value="US38141GXR00"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252141.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>QUANTA SERVICES 2.35% 01/15/32</name>
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        <cusip>74762EAH5</cusip>
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          <isin value="US74762EAH53"/>
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        <balance>388000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>327713.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4436 1.5% 10/01/51</name>
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        <curCd>USD</curCd>
        <valUSD>180704.45000000</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L SEDGWICK CLA 0% 07/31/31</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="LOANX" value="LX211038"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UMBS P#CA1909 4.5% 06/01/48</name>
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        <title>FANNIE MAE POOL UMBS P#CA1909 4.50000000</title>
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          <isin value="US3140Q9DP50"/>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isin value="US45115AAA25"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#RA2971 3% 07/01/50</name>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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      <invstOrSec>
        <name>NORTHROP GRUMMAN 5.2% 06/01/54</name>
        <lei>RIMU48P07456QXSO0R61</lei>
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      <invstOrSec>
        <name>GNMA II P#MA3736 3.5% 06/20/46</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS P#BZ0611 4.39% 04/01/29</name>
        <lei>N/A</lei>
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        <cusip>3140NUVD8</cusip>
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          <isin value="US3140NUVD85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EMPRESA ELECTRIC 5.5% 05/14/27</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DSLA 2005-AR4 1A V/R 08/19/45</name>
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        <cusip>23332UEL4</cusip>
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          <isin value="US23332UEL44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GRO 3.5% 08/15/39</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <cusip>91324PDT6</cusip>
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          <isin value="US91324PDT66"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALABAMA POWER C 3.45% 10/01/49</name>
        <lei>N/A</lei>
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        <cusip>010392FT0</cusip>
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          <isin value="US010392FT07"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FCAT 2023-1 B 5.05% 02/17/26</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>PUBLIC SERVICE  5.45% 04/01/34</name>
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          <isin value="US744573AZ90"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TENNESSEE GAS PI 2.9% 03/01/30</name>
        <lei>N/A</lei>
        <title>TENNESSEE GAS PIPELINE REGD 144A P/P 2.90000000</title>
        <cusip>880451AZ2</cusip>
        <identifiers>
          <isin value="US880451AZ24"/>
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        <balance>6275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5682013.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS P#MA4311 2% 04/01/41</name>
        <lei>N/A</lei>
        <title>FANNIE MAE POOL UMBS P#MA4311 2.00000000</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PARAMOUNT GLOB 4.375% 03/15/43</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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          <isin value="US92553PAP71"/>
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      <invstOrSec>
        <name>UMBS P#FS2715 3.5% 04/01/52</name>
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        <name>GNMA II P#MA8566 3.5% 01/20/53</name>
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        <name>NRZT 2021-NQ2R A V/R 10/25/58</name>
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        <name>WELLS FARGO &amp; COMP 3% 04/22/26</name>
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        <name>GNMA II P#4715 5% 06/20/40</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ARIZONA PUBLIC S 5.7% 08/15/34</name>
        <lei>N/A</lei>
        <title>ARIZONA PUBLIC SERVICE REGD 5.70000000</title>
        <cusip>040555DH4</cusip>
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          <isin value="US040555DH45"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>XCAP 2024-1A A 5.49% 07/15/31</name>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>605224.98000000</valUSD>
        <pctVal>0.032817542701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</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>CSL FINANCE PLC 4.25% 04/27/32</name>
        <lei>N/A</lei>
        <title>CSL FINANCE PLC REGD 144A P/P 4.25000000</title>
        <cusip>12661PAC3</cusip>
        <identifiers>
          <isin value="US12661PAC32"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178217.65000000</valUSD>
        <pctVal>0.009663621846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Brinker Capital Destinations Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Ferko</ncom:signature>
      <ncom:signerName>Brian Ferko</ncom:signerName>
      <ncom:title>Chief Operating Officer and Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
