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      <invstOrSec>
        <name>Peru (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SB0539</title>
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          <isin value="US3132CWS476"/>
          <ticker value="FHLMC"/>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB0622</title>
        <cusip>3140QKVQ8</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3742</title>
        <cusip>3140XKEQ9</cusip>
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          <isin value="US3140XKEQ99"/>
          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>ANGEL OAK MORTGAGE TRUST 2024-11</name>
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        <title>AOMT 2024-11 A1</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FN CB5543</title>
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          <isin value="US3140QRER09"/>
          <ticker value="FNMA"/>
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      <invstOrSec>
        <name>Neuberger Berman Clo XXI LLC</name>
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        <name>BAHA TRUST 2024-MAR</name>
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          <isin value="US05493XAG51"/>
          <ticker value="BAHA"/>
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      <invstOrSec>
        <name>Telecom Argentina SA</name>
        <lei>549300MKPIRSJD8SB782</lei>
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        <invCountry>AR</invCountry>
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        <name>1998 CLO 3 LTD</name>
        <lei>N/A</lei>
        <title>MUZ88 2023-3A A1R</title>
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          <isin value="US653949AL13"/>
          <ticker value="MUZ88"/>
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        <invCountry>KY</invCountry>
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        <debtSec>
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      <invstOrSec>
        <name>MF1 2026-FL21 LLC</name>
        <lei>N/A</lei>
        <title>MF1 2026-FL21 A</title>
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          <isin value="US55287NAA54"/>
          <ticker value="MF1"/>
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        <curCd>USD</curCd>
        <valUSD>164000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
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      <invstOrSec>
        <name>Southern California Edison Company</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
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          <ticker value="EIX"/>
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        <curCd>USD</curCd>
        <valUSD>87252.54</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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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA6818</title>
        <cusip>36179VSF8</cusip>
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          <isin value="US36179VSF84"/>
          <ticker value="GNR"/>
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        <balance>605244.65</balance>
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        <valUSD>503987.27</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-20</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 2.875 03/25/31</title>
        <cusip>68389XCE3</cusip>
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          <ticker value="ORCL"/>
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        <curCd>USD</curCd>
        <valUSD>89837.13</valUSD>
        <pctVal>0.0093245850</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Last Mile Securities Pe 2021 Designated Activity Company</name>
        <lei>635400UJZKP57EXKMQ33</lei>
        <title>LMILE 2021-1X D</title>
        <cusip>G5S82ZAF2</cusip>
        <identifiers>
          <isin value="XS2320421683"/>
          <ticker value="LMILE"/>
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        <balance>194959.8655</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0240101940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.419000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NGPL Pipe Co LLC</name>
        <lei>549300K3NT1HSQFEM073</lei>
        <title>NGPLCO 3.25 07/15/31 144A</title>
        <cusip>62928CAA0</cusip>
        <identifiers>
          <isin value="US62928CAA09"/>
          <ticker value="NGPLCO"/>
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        <balance>446000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410996.42</valUSD>
        <pctVal>0.0426590993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 3.125 05/15/26 144A</title>
        <cusip>26884LAM1</cusip>
        <identifiers>
          <isin value="US26884LAM19"/>
          <ticker value="EQT"/>
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        <balance>268000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267149.53</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>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V1.542 09/10/27</title>
        <cusip>38141GYG3</cusip>
        <identifiers>
          <isin value="US38141GYG36"/>
          <ticker value="GS"/>
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        <balance>17000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16747.07</valUSD>
        <pctVal>0.0017382510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.542000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F020620</cusip>
        <identifiers>
          <isin value="US01F0206205"/>
          <ticker value="FNMA"/>
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        <balance>898000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>728311.18</valUSD>
        <pctVal>0.0755945732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 03/15/27</title>
        <cusip>91282CKE0</cusip>
        <identifiers>
          <isin value="US91282CKE02"/>
          <ticker value="T"/>
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        <balance>1032700</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1040485.59</valUSD>
        <pctVal>0.1079965079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 02/29/32</title>
        <cusip>91282CMR9</cusip>
        <identifiers>
          <isin value="US91282CMR96"/>
          <ticker value="T"/>
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        <balance>29000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29282.07</valUSD>
        <pctVal>0.0030393129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F042426</cusip>
        <identifiers>
          <isin value="US01F0424261"/>
          <ticker value="FNMA"/>
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        <balance>725000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725605.62</valUSD>
        <pctVal>0.0753137514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4570</title>
        <cusip>31418ECG3</cusip>
        <identifiers>
          <isin value="US31418ECG35"/>
          <ticker value="FHLMC"/>
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        <balance>571995</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499204.23</valUSD>
        <pctVal>0.0518145701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1267</title>
        <cusip>3140XGMR7</cusip>
        <identifiers>
          <isin value="US3140XGMR78"/>
          <ticker value="FNMA"/>
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        <balance>46163.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44659.88</valUSD>
        <pctVal>0.0046354425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H060630</cusip>
        <identifiers>
          <isin value="US21H0606309"/>
          <ticker value="GNR"/>
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        <balance>1300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1325061.67</valUSD>
        <pctVal>0.1375338923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H042620</cusip>
        <identifiers>
          <isin value="US21H0426203"/>
          <ticker value="GNR"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1479198.63</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NY NYCUTL 6.01 06/15/2042</title>
        <cusip>64972FL20</cusip>
        <identifiers>
          <isin value="US64972FL207"/>
          <ticker value="NYCUTL"/>
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        <balance>95000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97819.75</valUSD>
        <pctVal>0.0101531357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.011000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>NY PORTRN 5.65 11/01/2040</title>
        <cusip>73358WCX0</cusip>
        <identifiers>
          <isin value="US73358WCX02"/>
          <ticker value="PORTRN"/>
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        <balance>65000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69163.54</valUSD>
        <pctVal>0.0071787835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.647000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1952</title>
        <cusip>3132DPEZ7</cusip>
        <identifiers>
          <isin value="US3132DPEZ71"/>
          <ticker value="FHLMC"/>
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        <balance>34368.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33419.28</valUSD>
        <pctVal>0.0034687319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM9318</title>
        <cusip>3140XDK88</cusip>
        <identifiers>
          <isin value="US3140XDK886"/>
          <ticker value="FNMA"/>
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        <balance>27553.33</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25537.71</valUSD>
        <pctVal>0.0026506696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Turkey (Republic of)</name>
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        <name>United States Treasury Bonds</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5145</title>
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        <name>Vistra Operations Co LLC</name>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.875 02/28/27</title>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.625 10/15/26</title>
        <cusip>91282CJC6</cusip>
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      <invstOrSec>
        <name>The Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CC 8 01/15/33 144A</title>
        <cusip>163851AJ7</cusip>
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          <isin value="US163851AJ70"/>
          <ticker value="CC"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>100263.4</valUSD>
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        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="56371.500000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Applovin Corp.</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>APP 5.95 12/01/54</title>
        <cusip>03831WAE8</cusip>
        <identifiers>
          <isin value="US03831WAE84"/>
          <ticker value="APP"/>
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        <balance>344000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340220.83</valUSD>
        <pctVal>0.0353129942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</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>LOS ANGELES CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CA LOSHGR 6.6 08/01/2042</title>
        <cusip>54438CNZ1</cusip>
        <identifiers>
          <isin value="US54438CNZ13"/>
          <ticker value="LOSHGR"/>
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        <balance>45000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48685.55</valUSD>
        <pctVal>0.0050532842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.600000000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H032621</cusip>
        <identifiers>
          <isin value="US21H0326213"/>
          <ticker value="GNR"/>
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        <balance>52000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47629.33</valUSD>
        <pctVal>0.0049436545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>WARWICK CAPITAL CLO LTD 2024-5</name>
        <lei>254900WYTOTUQQSCN403</lei>
        <title>WWICK 2024-5A A1</title>
        <cusip>93656FAA6</cusip>
        <identifiers>
          <isin value="US93656FAA66"/>
          <ticker value="WWICK"/>
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        <balance>321000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>322278.09</valUSD>
        <pctVal>0.0334506394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.027630000000</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>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V5.065 01/21/37</title>
        <cusip>38145GAS9</cusip>
        <identifiers>
          <isin value="US38145GAS93"/>
          <ticker value="GS"/>
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        <balance>101000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100566.96</valUSD>
        <pctVal>0.0104382805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.065000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 0.625 11/30/27</title>
        <cusip>91282CAY7</cusip>
        <identifiers>
          <isin value="US91282CAY75"/>
          <ticker value="T"/>
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        <balance>12000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11388.75</valUSD>
        <pctVal>0.0011820877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.625000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.25 06/30/27</title>
        <cusip>91282CEW7</cusip>
        <identifiers>
          <isin value="US91282CEW73"/>
          <ticker value="T"/>
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        <balance>4439000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4422006.98</valUSD>
        <pctVal>0.4589792654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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>Czech (Republic of)</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>CZGB 4.2 12/04/36 49</title>
        <cusip>X1761RAU5</cusip>
        <identifiers>
          <isin value="CZ0001001796"/>
          <ticker value="CZECH"/>
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        <balance>530000</balance>
        <units>PA</units>
        <currencyConditional curCd="CZK" exchangeRt="20.53315"/>
        <valUSD>25307.83</valUSD>
        <pctVal>0.0026268093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</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>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.75 11/15/47</title>
        <cusip>912810RZ3</cusip>
        <identifiers>
          <isin value="US912810RZ30"/>
          <ticker value="T"/>
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        <balance>2328600</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1653396.96</valUSD>
        <pctVal>0.1716132348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>Venezuela (Republic Of)</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>VENZ 9.25 09/15/27</title>
        <cusip>922646AS3</cusip>
        <identifiers>
          <isin value="US922646AS37"/>
          <ticker value="VENZ"/>
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        <balance>10000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4276</valUSD>
        <pctVal>0.0004438246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.250000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>Ffmlt Trust 2006/Ff13</name>
        <lei>N/A</lei>
        <title>FFML 2006-FF13 A2C</title>
        <cusip>30247DAD3</cusip>
        <identifiers>
          <isin value="US30247DAD30"/>
          <ticker value="FFML"/>
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        <balance>14261.04</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9376.42</valUSD>
        <pctVal>0.0009732193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.107070000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F012429</cusip>
        <identifiers>
          <isin value="US01F0124291"/>
          <ticker value="FNMA"/>
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        <balance>125000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112796.55</valUSD>
        <pctVal>0.0117076427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.375 12/15/26</title>
        <cusip>91282CJP7</cusip>
        <identifiers>
          <isin value="US91282CJP77"/>
          <ticker value="T"/>
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        <balance>1752700</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1764451.31</valUSD>
        <pctVal>0.1831400470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</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>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 2 08/25/36 CPI</title>
        <cusip>X8T02EEC3</cusip>
        <identifiers>
          <isin value="PL0000117024"/>
          <ticker value="POLAND"/>
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        <balance>118000</balance>
        <units>PA</units>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
        <valUSD>33089.52</valUSD>
        <pctVal>0.0034345047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AS2947</title>
        <cusip>3138WCHZ9</cusip>
        <identifiers>
          <isin value="US3138WCHZ90"/>
          <ticker value="FNMA"/>
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        <balance>251913.95</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245768.89</valUSD>
        <pctVal>0.0255094180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7136</title>
        <cusip>3140QE4W9</cusip>
        <identifiers>
          <isin value="US3140QE4W94"/>
          <ticker value="FNMA"/>
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        <balance>22067.48</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20441.5</valUSD>
        <pctVal>0.0021217119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA9432</title>
        <cusip>3140QHPS8</cusip>
        <identifiers>
          <isin value="US3140QHPS80"/>
          <ticker value="FNMA"/>
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        <balance>39259.2</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36365.08</valUSD>
        <pctVal>0.0037744892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 4.1 03/25/61</title>
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        <identifiers>
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          <ticker value="ORCL"/>
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        <balance>64000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41078.36</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.100000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
        <title>FYBR 5.875 11/01/29</title>
        <cusip>35908MAA8</cusip>
        <identifiers>
          <isin value="US35908MAA80"/>
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        <balance>174260</balance>
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        <curCd>USD</curCd>
        <valUSD>175845.77</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQIX 2.5 05/15/31</title>
        <cusip>29444UBS4</cusip>
        <identifiers>
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          <ticker value="EQIX"/>
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        <balance>547000</balance>
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        <curCd>USD</curCd>
        <valUSD>495715.05</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1427</title>
        <cusip>3140QLSR8</cusip>
        <identifiers>
          <isin value="US3140QLSR82"/>
          <ticker value="FNMA"/>
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        <balance>59308.6</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57624.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 6.75 01/15/53</title>
        <cusip>694308KH9</cusip>
        <identifiers>
          <isin value="US694308KH99"/>
          <ticker value="PCG"/>
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        <balance>158000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168375.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BX4207</title>
        <cusip>3140N8U97</cusip>
        <identifiers>
          <isin value="US3140N8U976"/>
          <ticker value="FNMA"/>
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        <balance>40459.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40985.16</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ecopetrol S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>ECOPET 8.875 01/13/33</title>
        <cusip>279158AS8</cusip>
        <identifiers>
          <isin value="US279158AS81"/>
          <ticker value="ECOPET"/>
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        <balance>3000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3224.6</valUSD>
        <pctVal>0.0003346952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.875000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RC1975</title>
        <cusip>3133L8FQ3</cusip>
        <identifiers>
          <isin value="US3133L8FQ39"/>
          <ticker value="FHLMC"/>
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        <balance>55537.81</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50439.93</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOMES 2024-NQM2 TRUST</name>
        <lei>254900MQRASV1D1NGZ28</lei>
        <title>HOMES 2024-NQM2 A1</title>
        <cusip>43761CAA0</cusip>
        <identifiers>
          <isin value="US43761CAA09"/>
          <ticker value="HOMES"/>
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        <balance>81150.41</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82112.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.717000000000</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V5.13 11/19/28</title>
        <cusip>404280EM7</cusip>
        <identifiers>
          <isin value="US404280EM70"/>
          <ticker value="HSBC"/>
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        <balance>537000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>546721.78</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.130000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>CSCO 4.55 02/24/28</title>
        <cusip>17275RBW1</cusip>
        <identifiers>
          <isin value="US17275RBW16"/>
          <ticker value="CSCO"/>
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        <balance>253000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257023.64</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>2028-02-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX TRUST 2025-VLT6</name>
        <lei>N/A</lei>
        <title>BX 2025-VLT6 A</title>
        <cusip>12433KAA5</cusip>
        <identifiers>
          <isin value="US12433KAA51"/>
          <ticker value="BX"/>
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        <balance>512000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512640</valUSD>
        <pctVal>0.0532091269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.123390000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2024-88 FC</title>
        <cusip>3136BT7D9</cusip>
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          <isin value="US3136BT7D92"/>
          <ticker value="FNMA"/>
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        <balance>103872.01</balance>
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        <curCd>USD</curCd>
        <valUSD>105014.96</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.097280000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MARINER FINANCE ISSUANCE TRUST 2025-A</name>
        <lei>N/A</lei>
        <title>MFIT 2025-AA A</title>
        <cusip>567920AA1</cusip>
        <identifiers>
          <isin value="US567920AA11"/>
          <ticker value="MFIT"/>
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        <balance>219000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222001.72</valUSD>
        <pctVal>0.0230425205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.980000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>STREAM INNOVATIONS 2025-1 ISSUER TRUST</name>
        <lei>N/A</lei>
        <title>STRE 2025-1A A</title>
        <cusip>86324XAA3</cusip>
        <identifiers>
          <isin value="US86324XAA37"/>
          <ticker value="STRE"/>
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        <balance>75913.77</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76632.07</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tcw Clo</name>
        <lei>N/A</lei>
        <title>TCW 2024-2A C</title>
        <cusip>87252GAJ5</cusip>
        <identifiers>
          <isin value="US87252GAJ58"/>
          <ticker value="TAMCO"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>301183.44</valUSD>
        <pctVal>0.0312611343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.817630000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS9323</title>
        <cusip>3140XRLD5</cusip>
        <identifiers>
          <isin value="US3140XRLD56"/>
          <ticker value="FNMA"/>
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        <balance>36834.7</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37704.74</valUSD>
        <pctVal>0.0039135383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>The Link Finance (Cayman) 2009 Ltd.</name>
        <lei>254900J10LHB6JOSNR19</lei>
        <title>LINREI 4.875 02/02/36 EMTN</title>
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          <isin value="XS3277031533"/>
          <ticker value="LINREI"/>
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        <curCd>USD</curCd>
        <valUSD>199012.45</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Cfk Trust 2019-Fax</name>
        <lei>N/A</lei>
        <title>CFK 2019-FAX D</title>
        <cusip>12528XAJ4</cusip>
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          <ticker value="CFK"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>96472.91</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>MO 6.2 02/14/59</title>
        <cusip>02209SBG7</cusip>
        <identifiers>
          <isin value="US02209SBG75"/>
          <ticker value="MO"/>
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        <balance>158000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157682.33</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>2059-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 3.9 06/01/52</title>
        <cusip>161175CA0</cusip>
        <identifiers>
          <isin value="US161175CA05"/>
          <ticker value="CHTR"/>
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        <balance>363000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237031.79</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>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.900000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
        <lei>YH65D4JBECK76IFEJ279</lei>
        <title>EXC 3.05 03/15/51</title>
        <cusip>693304BA4</cusip>
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          <isin value="US693304BA44"/>
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        <balance>11000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7197.4</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>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 3.625 05/15/31 144A</title>
        <cusip>26884LAN9</cusip>
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        <balance>1108000</balance>
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        <curCd>USD</curCd>
        <valUSD>1047639.47</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Philippines (Republic Of)</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>PHILIP 3.2 07/06/46</title>
        <cusip>718286CP0</cusip>
        <identifiers>
          <isin value="US718286CP01"/>
          <ticker value="PHILIP"/>
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        <balance>267000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188764.67</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.200000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7548</title>
        <cusip>3132DVL52</cusip>
        <identifiers>
          <isin value="US3132DVL521"/>
          <ticker value="FHLMC"/>
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        <balance>737560.42</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>639413.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4540</title>
        <cusip>31418EBJ8</cusip>
        <identifiers>
          <isin value="US31418EBJ82"/>
          <ticker value="FHLMC"/>
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        <balance>514473.87</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449323.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA6768</title>
        <cusip>3133KNQV8</cusip>
        <identifiers>
          <isin value="US3133KNQV81"/>
          <ticker value="FHLMC"/>
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        <balance>46453.43</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38165.37</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0288</title>
        <cusip>3140XFKA8</cusip>
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          <isin value="US3140XFKA88"/>
          <ticker value="FNMA"/>
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        <balance>16118.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13245.96</valUSD>
        <pctVal>0.0013748556</pctVal>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8428</title>
        <cusip>36179XLH7</cusip>
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          <isin value="US36179XLH79"/>
          <ticker value="GNR"/>
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        <balance>1082898.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1090214.5</valUSD>
        <pctVal>0.1131580869</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0785</title>
        <cusip>3140XF2T7</cusip>
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          <isin value="US3140XF2T78"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3325</title>
        <cusip>3140XJVT7</cusip>
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          <isin value="US3140XJVT72"/>
          <ticker value="FNMA"/>
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        <balance>82481.89</balance>
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        <curCd>USD</curCd>
        <valUSD>76295.73</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5055</title>
        <cusip>3140QQTM7</cusip>
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          <isin value="US3140QQTM73"/>
          <ticker value="FNMA"/>
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        <balance>209801.45</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Republic Finance Issuance Trust 2024-B</name>
        <lei>N/A</lei>
        <title>REPS 2024-B A</title>
        <cusip>76042GAA2</cusip>
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          <isin value="US76042GAA22"/>
          <ticker value="REPS"/>
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        <balance>212000</balance>
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        <curCd>USD</curCd>
        <valUSD>215814.01</valUSD>
        <pctVal>0.0224002712</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.420000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 5.05 12/30/26 144A</title>
        <cusip>92840VAT9</cusip>
        <identifiers>
          <isin value="US92840VAT98"/>
          <ticker value="VST"/>
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        <balance>135000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136213.91</valUSD>
        <pctVal>0.0141382319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Applovin Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
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        <title>EXE 5.7 01/15/35</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA Inc.</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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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>BX Trust 2018-Bilt</name>
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        <curCd>USD</curCd>
        <valUSD>90834.21</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8073</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabine Pass Liquefaction, LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>SPLLLC 4.5 05/15/30</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG J38060</title>
        <cusip>31307U5V6</cusip>
        <identifiers>
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          <ticker value="FHLMC"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXE 6.75 04/15/29 144A</title>
        <cusip>92735LAA0</cusip>
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          <ticker value="EXE"/>
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        <balance>317000</balance>
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        <curCd>USD</curCd>
        <valUSD>318689.5</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AS8380</title>
        <cusip>3138WJJ25</cusip>
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          <isin value="US3138WJJ253"/>
          <ticker value="FNMA"/>
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        <balance>23835.53</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23199.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V2.069 06/01/29</title>
        <cusip>46647PCJ3</cusip>
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        <balance>240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229510.82</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.069000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM7632</title>
        <cusip>3140XBPS3</cusip>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Gartner Inc.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
        <title>IT 3.625 06/15/29 144A</title>
        <cusip>366651AG2</cusip>
        <identifiers>
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          <ticker value="IT"/>
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        <balance>196000</balance>
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        <curCd>USD</curCd>
        <valUSD>189249.18</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7535</title>
        <cusip>36179WLQ9</cusip>
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          <isin value="US36179WLQ95"/>
          <ticker value="GNR"/>
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        <balance>619091.88</balance>
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        <curCd>USD</curCd>
        <valUSD>559379.01</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.943 01/21/33</title>
        <cusip>61747YEL5</cusip>
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          <ticker value="MS"/>
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        <balance>67000</balance>
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        <curCd>USD</curCd>
        <valUSD>61068.04</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0497</title>
        <cusip>3140XFRT0</cusip>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5462</title>
        <cusip>3140QRB85</cusip>
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          <isin value="US3140QRB855"/>
          <ticker value="FNMA"/>
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        <balance>121069.34</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 4.65 08/15/62</title>
        <cusip>30303M8K1</cusip>
        <identifiers>
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          <ticker value="META"/>
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        <balance>284000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226514.08</valUSD>
        <pctVal>0.0235108779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RC2467</title>
        <cusip>3133L8W43</cusip>
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          <isin value="US3133L8W437"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>160330.53</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM6149</title>
        <cusip>3140X9ZP3</cusip>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>37179.51</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>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <balance>54451.17</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.125 02/21/30</title>
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        <identifiers>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>102592.91</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Edge Finco PLC</name>
        <lei>648835NI8LJE5190NT73</lei>
        <title>EDFINC 8.125 08/15/31 REGS</title>
        <cusip>G30478AA2</cusip>
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          <ticker value="EDFINC"/>
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        <balance>100000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg</name>
        <lei>N/A</lei>
        <title>JPMCC 2024-IGLG A</title>
        <cusip>46593KAA9</cusip>
        <identifiers>
          <isin value="US46593KAA97"/>
          <ticker value="JPMCC"/>
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        <balance>510000</balance>
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        <curCd>USD</curCd>
        <valUSD>514428.02</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-05</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BPR COMMERCIAL MORTGAGE TRUST 2024-</name>
        <lei>N/A</lei>
        <title>BPR 2024-PARK A</title>
        <cusip>05593UAA3</cusip>
        <identifiers>
          <isin value="US05593UAA34"/>
          <ticker value="BPR"/>
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        <balance>110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112231.28</valUSD>
        <pctVal>0.0116489709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.217960000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OCP AEGIS CLO 2023-29 LTD/LLC</name>
        <lei>2138009EGVOGD3J5GI42</lei>
        <title>OCPA 2024-39A A1</title>
        <cusip>67120EAA1</cusip>
        <identifiers>
          <isin value="US67120EAA10"/>
          <ticker value="OCPA"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250269.58</valUSD>
        <pctVal>0.0259765641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.891130000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2024-CBM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2024-CBM A2</title>
        <cusip>12674GAC8</cusip>
        <identifiers>
          <isin value="US12674GAC87"/>
          <ticker value="COMM"/>
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        <balance>110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111684.01</valUSD>
        <pctVal>0.0115921673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.867000000000</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>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 6.2 03/01/55</title>
        <cusip>404119DC0</cusip>
        <identifiers>
          <isin value="US404119DC05"/>
          <ticker value="HCA"/>
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        <balance>96000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97716.68</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>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSTL COMMERCIAL MORTGAGE TRUST 2026-GATE3</name>
        <lei>N/A</lei>
        <title>CSTL 2026-GATE3 E</title>
        <cusip>228920AJ3</cusip>
        <identifiers>
          <isin value="US228920AJ37"/>
          <ticker value="CSTL"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300606.97</valUSD>
        <pctVal>0.0312013000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STORE Capital Corp.</name>
        <lei>5493004EA6C9IHDZ7N66</lei>
        <title>STOR 4.625 03/15/29</title>
        <cusip>862121AB6</cusip>
        <identifiers>
          <isin value="US862121AB61"/>
          <ticker value="STOR"/>
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        <balance>340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>339218</valUSD>
        <pctVal>0.0352089061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BE2735</title>
        <cusip>3140FNBD5</cusip>
        <identifiers>
          <isin value="US3140FNBD54"/>
          <ticker value="FNMA"/>
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        <balance>5768.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5719.53</valUSD>
        <pctVal>0.0005936548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EPC 4.125 04/01/29 144A</title>
        <cusip>28035QAB8</cusip>
        <identifiers>
          <isin value="US28035QAB86"/>
          <ticker value="EPC"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95867.02</valUSD>
        <pctVal>0.0099504534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AAdvantage Loyalty IP Ltd/ American Airlines Inc</name>
        <lei>N/A</lei>
        <title>AAL 5.75 04/20/29 144A</title>
        <cusip>00253XAB7</cusip>
        <identifiers>
          <isin value="US00253XAB73"/>
          <ticker value="AAL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101040.4</valUSD>
        <pctVal>0.0104874209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQIX 3.4 02/15/52</title>
        <cusip>29444UBT2</cusip>
        <identifiers>
          <isin value="US29444UBT25"/>
          <ticker value="EQIX"/>
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        <balance>85000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57890.67</valUSD>
        <pctVal>0.0060087235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.400000000000</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>Antero Resources Corporation</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>AR 5.375 03/01/30 144A</title>
        <cusip>03674XAS5</cusip>
        <identifiers>
          <isin value="US03674XAS53"/>
          <ticker value="AR"/>
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        <balance>862000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>874252.47</valUSD>
        <pctVal>0.0907424521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>COLT 2021-5 MORTGAGE LOAN TRUST</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR QD4857</title>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0378</title>
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          <ticker value="FNMA"/>
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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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        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 7.375 02/01/31 144A</title>
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          <ticker value="ET"/>
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        <balance>294000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <cusip>89236TKQ7</cusip>
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        <curCd>USD</curCd>
        <valUSD>523082.1</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RC2480</title>
        <cusip>3133L8XH3</cusip>
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          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QF6560</title>
        <cusip>3133BUJD0</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA9422</title>
        <cusip>3140QHPG4</cusip>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB0544</title>
        <cusip>3132CWS96</cusip>
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          <ticker value="FHLMC"/>
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        <balance>25759.83</balance>
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          <couponKind>Fixed</couponKind>
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        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 5.6 03/02/43</title>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>100746.56</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
        <title>FYBR 8.625 03/15/31 144A</title>
        <cusip>35908MAE0</cusip>
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        <balance>83000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HON 4.65 07/30/27</title>
        <cusip>438516CX2</cusip>
        <identifiers>
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          <ticker value="HON"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101235.81</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.650000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg</name>
        <lei>N/A</lei>
        <title>JPMCC 2024-IGLG D</title>
        <cusip>46593KAG6</cusip>
        <identifiers>
          <isin value="US46593KAG67"/>
          <ticker value="JPMCC"/>
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        <balance>140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141266.3</valUSD>
        <pctVal>0.0146626414</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.482080000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic Finance Issuance Trust 2024-B</name>
        <lei>N/A</lei>
        <title>REPS 2024-B B</title>
        <cusip>76042GAB0</cusip>
        <identifiers>
          <isin value="US76042GAB05"/>
          <ticker value="REPS"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102296.78</valUSD>
        <pctVal>0.0106178261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.860000000000</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>CAFL 2024-RTL1 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>CAFL 2024-RTL1 A1</title>
        <cusip>12770DAA2</cusip>
        <identifiers>
          <isin value="US12770DAA28"/>
          <ticker value="CAFL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101319.44</valUSD>
        <pctVal>0.0105163837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.749000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SG RESIDENTIAL MORTGAGE TRUST 2025-1</name>
        <lei>N/A</lei>
        <title>SGR 2025-1 ALCF</title>
        <cusip>81880NAF1</cusip>
        <identifiers>
          <isin value="US81880NAF15"/>
          <ticker value="SGR"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251833.08</valUSD>
        <pctVal>0.0261388466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.231000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5896</title>
        <cusip>3140JARS9</cusip>
        <identifiers>
          <isin value="US3140JARS92"/>
          <ticker value="FNMA"/>
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        <balance>59605.9</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59664.39</valUSD>
        <pctVal>0.0061928256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA1021</title>
        <cusip>3140Q8D36</cusip>
        <identifiers>
          <isin value="US3140Q8D367"/>
          <ticker value="FNMA"/>
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        <balance>44397.18</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44249.09</valUSD>
        <pctVal>0.0045928048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4157</title>
        <cusip>31418DTP7</cusip>
        <identifiers>
          <isin value="US31418DTP77"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>206487.74</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160012.02</valUSD>
        <pctVal>0.0166083409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</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>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 3.125 03/24/31</title>
        <cusip>25278XAR0</cusip>
        <identifiers>
          <isin value="US25278XAR08"/>
          <ticker value="FANG"/>
        </identifiers>
        <balance>666000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>624019.84</valUSD>
        <pctVal>0.0647697231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8145</title>
        <cusip>3132DWBN2</cusip>
        <identifiers>
          <isin value="US3132DWBN20"/>
          <ticker value="FHLMC"/>
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        <balance>3648.25</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2827.11</valUSD>
        <pctVal>0.0002934380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</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>AEP Texas Inc</name>
        <lei>5493001L78U618KXNZ75</lei>
        <title>AEP 3.45 05/15/51</title>
        <cusip>00108WAN0</cusip>
        <identifiers>
          <isin value="US00108WAN02"/>
          <ticker value="AEP"/>
        </identifiers>
        <balance>174000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117995.54</valUSD>
        <pctVal>0.0122472684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding 2012-III Ltd.</name>
        <lei>N/A</lei>
        <title>CIFC 2017-4A A1R</title>
        <cusip>12551JAL0</cusip>
        <identifiers>
          <isin value="US12551JAL08"/>
          <ticker value="CIFC"/>
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        <balance>2819.09</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2819.13</valUSD>
        <pctVal>0.0002926097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.879630000000</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>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 3.5 07/15/51</title>
        <cusip>404119CB3</cusip>
        <identifiers>
          <isin value="US404119CB31"/>
          <ticker value="HCA"/>
        </identifiers>
        <balance>108000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73296.37</valUSD>
        <pctVal>0.0076077478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA6509</title>
        <cusip>3133KNGS6</cusip>
        <identifiers>
          <isin value="US3133KNGS62"/>
          <ticker value="FHLMC"/>
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        <balance>95943.84</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79105.66</valUSD>
        <pctVal>0.0082107192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.4 09/20/52 76</title>
        <cusip>J2S39LXG4</cusip>
        <identifiers>
          <isin value="JP1300761NA3"/>
          <ticker value="JGB"/>
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        <balance>13000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76"/>
        <valUSD>52347.25</valUSD>
        <pctVal>0.0054333479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.400000000000</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>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META 4.45 08/15/52</title>
        <cusip>30303M8J4</cusip>
        <identifiers>
          <isin value="US30303M8J41"/>
          <ticker value="META"/>
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        <balance>527000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423011.96</valUSD>
        <pctVal>0.0439062443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3377</title>
        <cusip>3140XJXF5</cusip>
        <identifiers>
          <isin value="US3140XJXF50"/>
          <ticker value="FNMA"/>
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        <balance>294574.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286390</valUSD>
        <pctVal>0.0297256591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM7423</title>
        <cusip>3140XBG95</cusip>
        <identifiers>
          <isin value="US3140XBG953"/>
          <ticker value="FNMA"/>
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        <balance>188625.44</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171429.42</valUSD>
        <pctVal>0.0177934023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8564</title>
        <cusip>36179XQR0</cusip>
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          <isin value="US36179XQR07"/>
          <ticker value="GNR"/>
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        <balance>128611.07</balance>
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        <curCd>USD</curCd>
        <valUSD>111580.03</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3251</title>
        <cusip>3140XJTH6</cusip>
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          <ticker value="FNMA"/>
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        <balance>43073.17</balance>
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        <curCd>USD</curCd>
        <valUSD>44776.86</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 7 03/15/33 144A</title>
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          <ticker value="NRG"/>
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        <balance>428000</balance>
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        <curCd>USD</curCd>
        <valUSD>471014.86</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Self Commercial Mortgage Trust 2024-STRG</name>
        <lei>N/A</lei>
        <title>SELF 2024-STRG E</title>
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          <isin value="US81631WAJ53"/>
          <ticker value="SELF"/>
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        <balance>70000</balance>
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        <curCd>USD</curCd>
        <valUSD>70175</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.868680000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg</name>
        <lei>N/A</lei>
        <title>JPMCC 2024-IGLG E</title>
        <cusip>46593KAJ0</cusip>
        <identifiers>
          <isin value="US46593KAJ07"/>
          <ticker value="JPMCC"/>
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        <balance>435000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438862.54</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.254190000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA8892</title>
        <cusip>3133KQ2Z8</cusip>
        <identifiers>
          <isin value="US3133KQ2Z87"/>
          <ticker value="FHLMC"/>
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        <balance>54790.93</balance>
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        <curCd>USD</curCd>
        <valUSD>56579.41</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>6.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Silver Point CLO 7 Ltd.</name>
        <lei>254900UZNMKMPK9GWJ82</lei>
        <title>SPCLO 2024-7A A1</title>
        <cusip>82808UAA3</cusip>
        <identifiers>
          <isin value="US82808UAA34"/>
          <ticker value="SPCLO"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250982.28</valUSD>
        <pctVal>0.0260505384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.032190000000</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>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM 4.95 02/03/36</title>
        <cusip>459200LT6</cusip>
        <identifiers>
          <isin value="US459200LT67"/>
          <ticker value="IBM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99673.36</valUSD>
        <pctVal>0.0103455299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BJ9172</title>
        <cusip>3140HBFN3</cusip>
        <identifiers>
          <isin value="US3140HBFN35"/>
          <ticker value="FNMA"/>
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        <balance>90395.76</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90094.23</valUSD>
        <pctVal>0.0093512705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7192</title>
        <cusip>36179V7D6</cusip>
        <identifiers>
          <isin value="US36179V7D62"/>
          <ticker value="GNR"/>
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        <balance>67664.69</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56315.82</valUSD>
        <pctVal>0.0058452630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG J37706</title>
        <cusip>31307UR34</cusip>
        <identifiers>
          <isin value="US31307UR343"/>
          <ticker value="FHLMC"/>
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        <balance>100946.2</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98543.79</valUSD>
        <pctVal>0.0102282870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG J37835</title>
        <cusip>31307UV47</cusip>
        <identifiers>
          <isin value="US31307UV477"/>
          <ticker value="FHLMC"/>
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        <balance>138634.79</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135262.09</valUSD>
        <pctVal>0.0140394384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.239 07/21/32 GMTN</title>
        <cusip>61747YED3</cusip>
        <identifiers>
          <isin value="US61747YED31"/>
          <ticker value="MS"/>
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        <balance>41000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36383.57</valUSD>
        <pctVal>0.0037764084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.239000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 3 01/15/52</title>
        <cusip>031162DC1</cusip>
        <identifiers>
          <isin value="US031162DC10"/>
          <ticker value="AMGN"/>
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        <balance>43000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27860.73</valUSD>
        <pctVal>0.0028917859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0003</title>
        <cusip>3140XFAD3</cusip>
        <identifiers>
          <isin value="US3140XFAD38"/>
          <ticker value="FNMA"/>
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        <balance>50581.97</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45850.71</valUSD>
        <pctVal>0.0047590439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8485</title>
        <cusip>36179XNA0</cusip>
        <identifiers>
          <isin value="US36179XNA09"/>
          <ticker value="GNR"/>
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        <balance>40212.68</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34889.51</valUSD>
        <pctVal>0.0036213334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM8117</title>
        <cusip>3140XCAT5</cusip>
        <identifiers>
          <isin value="US3140XCAT58"/>
          <ticker value="FNMA"/>
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        <balance>58847.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54509.85</valUSD>
        <pctVal>0.0056578135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB0514</title>
        <cusip>3132CWSB1</cusip>
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          <isin value="US3132CWSB18"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>229648.71</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RC1999</title>
        <cusip>3133L8GG4</cusip>
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          <isin value="US3133L8GG48"/>
          <ticker value="FHLMC"/>
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        <balance>152158.35</balance>
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        <curCd>USD</curCd>
        <valUSD>140798.55</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.75 08/15/28 144A</title>
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        <identifiers>
          <isin value="US893647BR70"/>
          <ticker value="TDG"/>
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        <balance>120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122019.48</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA8216</title>
        <cusip>3133KQDV5</cusip>
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          <isin value="US3133KQDV59"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>39068.23</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA8758</title>
        <cusip>3133KQWT9</cusip>
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          <isin value="US3133KQWT92"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>136216.86</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Edison Company</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>EIX 5.7 03/01/53</title>
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          <isin value="US842400HV80"/>
          <ticker value="EIX"/>
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        <curCd>USD</curCd>
        <valUSD>432715.3</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>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000</annualizedRt>
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      <invstOrSec>
        <name>PRPM 2024-NQM1 TRUST</name>
        <lei>N/A</lei>
        <title>PRPM 2024-NQM1 B1</title>
        <cusip>693977AE0</cusip>
        <identifiers>
          <isin value="US693977AE05"/>
          <ticker value="PRPM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101149.32</valUSD>
        <pctVal>0.0104987262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.392690000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg</name>
        <lei>N/A</lei>
        <title>JPMCC 2024-IGLG F</title>
        <cusip>46593KAL5</cusip>
        <identifiers>
          <isin value="US46593KAL52"/>
          <ticker value="JPMCC"/>
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        <balance>372000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375227.58</valUSD>
        <pctVal>0.0389464964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.215940000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5310</title>
        <cusip>3140QQ3U7</cusip>
        <identifiers>
          <isin value="US3140QQ3U75"/>
          <ticker value="FNMA"/>
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        <balance>240212.77</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248053.67</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>6.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Grunenthal GmbH</name>
        <lei>529900SH895E31PGLA72</lei>
        <title>GRUPHA 4.625 11/15/31 REGS</title>
        <cusip>D3R2UUAF4</cusip>
        <identifiers>
          <isin value="XS2951378434"/>
          <ticker value="GRUPHA"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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      <invstOrSec>
        <name>1345 AVE OF AMERICAS TRUST</name>
        <lei>N/A</lei>
        <title>1345T 2025-AOA A</title>
        <cusip>68271CAA0</cusip>
        <identifiers>
          <isin value="US68271CAA09"/>
          <ticker value="1345T"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>250937.5</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Firstenergy Transmission Llc</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FE 4.75 01/15/33</title>
        <cusip>33767BAK5</cusip>
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          <isin value="US33767BAK52"/>
          <ticker value="FE"/>
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        <balance>276000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>275329.03</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>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5235</title>
        <cusip>3140J9Y96</cusip>
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          <isin value="US3140J9Y964"/>
          <ticker value="FNMA"/>
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        <balance>21803.3</balance>
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        <curCd>USD</curCd>
        <valUSD>22220.54</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 5 10/25/35 1035</title>
        <cusip>X8T02EHY2</cusip>
        <identifiers>
          <isin value="PL0000118188"/>
          <ticker value="POLAND"/>
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        <balance>492000</balance>
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        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5498</title>
        <cusip>3140QRDC4</cusip>
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          <isin value="US3140QRDC49"/>
          <ticker value="FNMA"/>
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        <balance>14602.83</balance>
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        <curCd>USD</curCd>
        <valUSD>15148.92</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Banks</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>FR ZS4751</title>
        <cusip>3132A5H40</cusip>
        <identifiers>
          <isin value="US3132A5H404"/>
          <ticker value="FHLB"/>
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        <balance>55185.25</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51843.02</valUSD>
        <pctVal>0.0053810117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 4 01/15/30</title>
        <cusip>361841AP4</cusip>
        <identifiers>
          <isin value="US361841AP42"/>
          <ticker value="GLPI"/>
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        <balance>33000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32109.54</valUSD>
        <pctVal>0.0033327883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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          <ticker value="FHLMC"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BEIGNET INV LLC</name>
        <lei>N/A</lei>
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          <isin value="US076912AA21"/>
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        <curCd>USD</curCd>
        <valUSD>1032887.04</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM6019</title>
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          <ticker value="FNMA"/>
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        <balance>88334.07</balance>
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        <curCd>USD</curCd>
        <valUSD>87170.17</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FNMA"/>
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        <balance>40085.29</balance>
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        <curCd>USD</curCd>
        <valUSD>41699.82</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Broadcom Inc</name>
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          <ticker value="AVGO"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Mortimer 2025-1 PLC</name>
        <lei>213800PI5SCJ8WPLJX58</lei>
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          <ticker value="MORTI"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2070-09-22</maturityDt>
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      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <identifiers>
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          <ticker value="MEX"/>
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        <balance>420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>316176</valUSD>
        <pctVal>0.0328172771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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      <invstOrSec>
        <name>AEP Transmission Company, LLC</name>
        <lei>549300X123Z1I0LA3Y84</lei>
        <title>AEP 3.15 09/15/49</title>
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        <identifiers>
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          <ticker value="AEP"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>142088.78</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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        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
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          <ticker value="SVC"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88203.37</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>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6884</title>
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          <ticker value="FNMA"/>
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        <balance>56592.19</balance>
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        <curCd>USD</curCd>
        <valUSD>58812.11</valUSD>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR ZA2471</title>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BN6688</title>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
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        <name>Sri Lanka (Democratic Socialist Republic of)</name>
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        <name>DK TRUST 2025-LXP</name>
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          <ticker value="DK"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA9868</title>
        <cusip>3133KR6D1</cusip>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>19387.18</valUSD>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB5227</title>
        <cusip>3140QQYZ2</cusip>
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          <ticker value="FNMA"/>
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        <balance>103478.15</balance>
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        <curCd>USD</curCd>
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        <name>Philippines (Republic Of)</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SL3070</title>
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        <name>1011778 B.C. Unlimited Liability Company / New Red Finance, Inc.</name>
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        <name>Midamerican Energy Company</name>
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        <name>Sunoco LP</name>
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        <name>Deuce Finco PLC</name>
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        <title>DAVLLO 7 11/20/31 REGS</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RJ1274</title>
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        <name>Alphabet Inc.</name>
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        <title>GOOGL 4.1 11/15/30</title>
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        <name>Huntington National Bank of Ohio</name>
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        <title>HACLN 2025-2 B2</title>
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        <name>Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd.</name>
        <lei>254900N4NW6XZ9B4HM15</lei>
        <title>VDCR 2025-1A A2A</title>
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        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>GOOGL 5.7 11/15/75</title>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 5.875 11/30/55</title>
        <cusip>92343VHJ6</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNH 3.5 08/15/39</title>
        <cusip>91324PDT6</cusip>
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          <ticker value="UNH"/>
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        <balance>245000</balance>
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        <curCd>USD</curCd>
        <valUSD>202311.5</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>2039-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bellis Acquisition Co PLC</name>
        <lei>259400CYE2267UB4A481</lei>
        <title>ASSDLN 8 07/01/31 REGS</title>
        <cusip>G30074BB6</cusip>
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          <ticker value="ASSDLN"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0116719914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.25 02/15/33</title>
        <cusip>361841AV1</cusip>
        <identifiers>
          <isin value="US361841AV10"/>
          <ticker value="GLPI"/>
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        <balance>210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210390.6</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>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7084</title>
        <cusip>3132DU2R7</cusip>
        <identifiers>
          <isin value="US3132DU2R78"/>
          <ticker value="FHLMC"/>
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        <balance>69869.97</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72024.77</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 2.45 02/15/31</title>
        <cusip>11135FCQ2</cusip>
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          <ticker value="AVGO"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274547.17</valUSD>
        <pctVal>0.0284964404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.450000000000</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>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RJ1528</title>
        <cusip>3142GRVW7</cusip>
        <identifiers>
          <isin value="US3142GRVW76"/>
          <ticker value="FHLMC"/>
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        <balance>126742.61</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130468.39</valUSD>
        <pctVal>0.0135418795</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V4.133 10/18/29 I</title>
        <cusip>61748UAK8</cusip>
        <identifiers>
          <isin value="US61748UAK88"/>
          <ticker value="MS"/>
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        <balance>340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>339741.19</valUSD>
        <pctVal>0.0352632102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.133000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL3072</title>
        <cusip>31427QMW9</cusip>
        <identifiers>
          <isin value="US31427QMW95"/>
          <ticker value="FHLMC"/>
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        <balance>518906.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>524375.54</valUSD>
        <pctVal>0.0544272095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3333</title>
        <cusip>31418CV35</cusip>
        <identifiers>
          <isin value="US31418CV355"/>
          <ticker value="FNMA"/>
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        <balance>7985.42</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7715.79</valUSD>
        <pctVal>0.0008008553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>ABIBB 5.45 01/23/39</title>
        <cusip>03523TBU1</cusip>
        <identifiers>
          <isin value="US03523TBU16"/>
          <ticker value="ABIBB"/>
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        <balance>103000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106142.86</valUSD>
        <pctVal>0.0110170274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UPX HIL 2025-1 ISSUER TRUST</name>
        <lei>N/A</lei>
        <title>UPXHI 2025-1 A</title>
        <cusip>916925AA8</cusip>
        <identifiers>
          <isin value="US916925AA80"/>
          <ticker value="UPXHI"/>
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        <balance>145804.64</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146588.6</valUSD>
        <pctVal>0.0152150660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.160000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 7.625 01/15/34 144A</title>
        <cusip>18589GAA3</cusip>
        <identifiers>
          <isin value="US18589GAA31"/>
          <ticker value="CLF"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104732.7</valUSD>
        <pctVal>0.0108706607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BK9818</title>
        <cusip>3140HP4C8</cusip>
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          <isin value="US3140HP4C85"/>
          <ticker value="FNMA"/>
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        <balance>12835.64</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13044.9</valUSD>
        <pctVal>0.0013539867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FE 2.65 03/01/30</title>
        <cusip>337932AL1</cusip>
        <identifiers>
          <isin value="US337932AL12"/>
          <ticker value="FE"/>
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        <balance>84000</balance>
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        <curCd>USD</curCd>
        <valUSD>78543.44</valUSD>
        <pctVal>0.0081523640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Progroup AG</name>
        <lei>529900YI5W5TQ8F2FP82</lei>
        <title>PROGRP 5.375 04/15/31 REGS</title>
        <cusip>D6S035AH1</cusip>
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          <isin value="DE000A383CE8"/>
          <ticker value="PROGRP"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V4.571 04/27/33</title>
        <cusip>06051GKQ1</cusip>
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          <isin value="US06051GKQ19"/>
          <ticker value="BAC"/>
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        <balance>67000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66690.29</valUSD>
        <pctVal>0.0069220742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.571000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CLI FUNDING IX LLC</name>
        <lei>2549008S2Z91ASJFZL83</lei>
        <title>CLIF 2025-1A A</title>
        <cusip>12571WAG8</cusip>
        <identifiers>
          <isin value="US12571WAG87"/>
          <ticker value="CLIF"/>
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        <balance>800770.85</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANCHOR MORTGAGE TRUST 2025-RTL1</name>
        <lei>254900S7O2LYCU17JI96</lei>
        <title>ANCHR 2025-RTL1 A1</title>
        <cusip>03290CAA4</cusip>
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          <isin value="US03290CAA45"/>
          <ticker value="ANCHR"/>
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        <balance>800000</balance>
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        <curCd>USD</curCd>
        <valUSD>804522.56</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-25</maturityDt>
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          <annualizedRt>5.718000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5984</title>
        <cusip>3140JAUJ5</cusip>
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          <isin value="US3140JAUJ56"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>108850.56</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
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      <invstOrSec>
        <name>Federal Agricultural Mortgage Corporation</name>
        <lei>549300MS654K78GYF580</lei>
        <title>FR QA0639</title>
        <cusip>31334WV81</cusip>
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          <isin value="US31334WV816"/>
          <ticker value="FAMCA"/>
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        <balance>95013.07</balance>
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        <curCd>USD</curCd>
        <valUSD>91601.75</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>GOOGL 5.35 11/15/45</title>
        <cusip>02079KAZ0</cusip>
        <identifiers>
          <isin value="US02079KAZ03"/>
          <ticker value="GOOGL"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colt 2025-11 Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>COLT 2025-11 A1</title>
        <cusip>12676KAC7</cusip>
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          <isin value="US12676KAC71"/>
          <ticker value="COLT"/>
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        <balance>185425.22</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2070-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.053000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HOMES 2025-AFC2 TRUST</name>
        <lei>N/A</lei>
        <title>HOMES 2025-AFC2 A1B</title>
        <cusip>43761YAB0</cusip>
        <identifiers>
          <isin value="US43761YAB02"/>
          <ticker value="HOMES"/>
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        <balance>700276.23</balance>
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        <curCd>USD</curCd>
        <valUSD>707354.06</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-25</maturityDt>
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          <annualizedRt>5.573000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northern Institutional Funds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Funds TREAS PRT PRMR</title>
        <cusip>665279873</cusip>
        <identifiers>
          <isin value="US6652798736"/>
          <ticker value="NTPXX"/>
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        <balance>4666662.08</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4666662.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM6</name>
        <lei>2549003RXF6LNJ2GP990</lei>
        <title>SAN 2025-NQM6 A1</title>
        <cusip>80265DAA1</cusip>
        <identifiers>
          <isin value="US80265DAA19"/>
          <ticker value="SAN"/>
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        <balance>96457.9</balance>
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        <curCd>USD</curCd>
        <valUSD>96990.33</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-25</maturityDt>
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          <annualizedRt>5.138000000000</annualizedRt>
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      <invstOrSec>
        <name>New Immo Holding SA.</name>
        <lei>5493007LOTJ0I8E94R81</lei>
        <title>CEETRU 4.95 11/14/30 EMTN</title>
        <cusip>F652B5AA6</cusip>
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          <isin value="FR00140142Q7"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-14</maturityDt>
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      <invstOrSec>
        <name>Figre Trust 2023-HE1</name>
        <lei>N/A</lei>
        <title>FIGRE 2025-PF1 B</title>
        <cusip>316922AB9</cusip>
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          <isin value="US316922AB93"/>
          <ticker value="FIGRE"/>
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        <balance>602646.17</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-25</maturityDt>
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      <invstOrSec>
        <name>Citadel Securities Global Holdings LLC</name>
        <lei>549300NV5RXBUS3X7L47</lei>
        <title>CITSEC 6.2 06/18/35</title>
        <cusip>17289RAB2</cusip>
        <identifiers>
          <isin value="US17289RAB24"/>
          <ticker value="CITSEC"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>262833.1</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>2035-06-18</maturityDt>
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      <invstOrSec>
        <name>B.A.T. Capital Corporation</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BATSLN 4.758 09/06/49</title>
        <cusip>05526DBK0</cusip>
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        <curCd>USD</curCd>
        <valUSD>73630.66</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-06</maturityDt>
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      <invstOrSec>
        <name>Peru (Republic Of)</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERU 7.6 08/12/39 REGS</title>
        <cusip>P78024AR0</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA 4.9 08/15/44</title>
        <cusip>124857AK9</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <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>Jupiter Mortgage No.1 Plc</name>
        <lei>6354009QIELPOGEAFS09</lei>
        <title>JUPIT 1X DR</title>
        <cusip>G5210VAR0</cusip>
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          <isin value="XS2737622485"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Equitable America Global Funding</name>
        <lei>98450066CCBIACF06694</lei>
        <title>EQH 4.95 06/09/30 144A</title>
        <cusip>29446Q2B8</cusip>
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          <ticker value="EQH"/>
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        <balance>400000</balance>
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        <curCd>USD</curCd>
        <valUSD>406969.16</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-09</maturityDt>
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          <annualizedRt>4.950000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2025-5</name>
        <lei>213800Z7TIVJRAYLRV98</lei>
        <title>VERUS 2025-5 A3</title>
        <cusip>92540XAC5</cusip>
        <identifiers>
          <isin value="US92540XAC56"/>
          <ticker value="VERUS"/>
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        <balance>692624.61</balance>
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        <curCd>USD</curCd>
        <valUSD>698398.12</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Partners Lp</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Aaset Mount 1 Ltd. / Aaset Mount 1 LLC</name>
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        <title>AASET 2025-2A A</title>
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          <ticker value="AASET"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 3.419 04/15/33</title>
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          <ticker value="AVGO"/>
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        <balance>241000</balance>
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        <curCd>USD</curCd>
        <valUSD>222691.56</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>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RJ1783</title>
        <cusip>3142GR6V7</cusip>
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          <isin value="US3142GR6V76"/>
          <ticker value="FHLMC"/>
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        <balance>134252.48</balance>
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        <curCd>USD</curCd>
        <valUSD>138267.5</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ</name>
        <lei>N/A</lei>
        <title>VDCM 2025-AZ A</title>
        <cusip>91825CAA3</cusip>
        <identifiers>
          <isin value="US91825CAA36"/>
          <ticker value="VDCM"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1010130.8</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.060770000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F050643</cusip>
        <identifiers>
          <isin value="US01F0506430"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>3963967.39</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F042434</cusip>
        <identifiers>
          <isin value="US01F0424345"/>
          <ticker value="FNMA"/>
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        <balance>6500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6499843.74</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.375 07/15/33</title>
        <cusip>91282CHP9</cusip>
        <identifiers>
          <isin value="US91282CHP95"/>
          <ticker value="T"/>
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        <balance>260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272886.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bluemountain CLO 2018-3 LTD/LLC</name>
        <lei>N/A</lei>
        <title>BLUEM 2018-3A BR</title>
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        <identifiers>
          <isin value="US09630AAS50"/>
          <ticker value="BLUEM"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250625</valUSD>
        <pctVal>0.0260134547</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huntington National Bank of Ohio</name>
        <lei>2WHM8VNJH63UN14OL754</lei>
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          <ticker value="HBAN"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132895.9</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>QTS ISSUER ABS I, LLLC</name>
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        <cusip>74690DAA9</cusip>
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          <ticker value="QTS"/>
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        <curCd>USD</curCd>
        <valUSD>1609905.76</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>Fidelis Insurance Holdings Ltd.</name>
        <lei>549300CDMGCAGJQ7DX03</lei>
        <title>FIHL V7.75 06/15/55</title>
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          <ticker value="FIHL"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>VERUS SECURITIZATION TRUST 2025-5</name>
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          <ticker value="VERUS"/>
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      <invstOrSec>
        <name>IMC Global</name>
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        <title>IMC Global Term Loan B 350 2032-05-25</title>
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      <invstOrSec>
        <name>American National Group Inc.</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>ANGINC 6 07/15/35</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F050635</cusip>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>20012133.9</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL3073</title>
        <cusip>31427QMX7</cusip>
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          <isin value="US31427QMX78"/>
          <ticker value="FHLMC"/>
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        <balance>431449.32</balance>
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        <curCd>USD</curCd>
        <valUSD>440384.01</valUSD>
        <pctVal>0.0457093646</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <name>Government National Mortgage Association</name>
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        <name>United States Treasury Notes</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Iqvia Inc</name>
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        <name>CERBERUS LOAN FUNDING 2025-50</name>
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        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2025-VOLT A</title>
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          <ticker value="BX"/>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>TRITON CONTAINER FINANCE IX LLC</name>
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        <name>IDAHO HSG &amp; FIN ASSN</name>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>U.S. Treasury Bond Stripped Principal Payment</name>
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        <name>Egypt (Arab Republic of)</name>
        <lei>529900GFIVH4086NMH82</lei>
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        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL3074</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cars Db4 LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-15</maturityDt>
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      <invstOrSec>
        <name>U.S. Treasury Bond Stripped Principal Payment</name>
        <lei>254900HROIFWPRGM1V77</lei>
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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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      <invstOrSec>
        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AXP V4.804 10/24/36</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>GOOGL 4.375 11/06/64</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AGL CLO 42 LTD /LLC</name>
        <lei>254900AMSJHVKQ5QFA09</lei>
        <title>AGL 2025-42A B</title>
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          <ticker value="AGL"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2025-6</name>
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        <title>SEMT 2025-6 A11</title>
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      <invstOrSec>
        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 6.375 08/01/33 144A</title>
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      <invstOrSec>
        <name>CERBERUS LOAN FUNDING 2025-50</name>
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        <title>CERB 2025-1A B</title>
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      <invstOrSec>
        <name>GCAT 2025-NQM3 TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2025-NQM3 A1</title>
        <cusip>36171MAA6</cusip>
        <identifiers>
          <isin value="US36171MAA62"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2070-05-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.25 04/15/28</title>
        <cusip>91282CGW5</cusip>
        <identifiers>
          <isin value="US91282CGW55"/>
          <ticker value="T"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HOTWIRE FUNDING LLC</name>
        <lei>254900ZCO90MCT7Y9348</lei>
        <title>HWIRE 2024-1A A2</title>
        <cusip>44148JAH2</cusip>
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          <ticker value="HWIRE"/>
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        <curCd>USD</curCd>
        <valUSD>812747.2</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>OBX 2024-NQM18 TRUST</name>
        <lei>254900NK9PNLY9I00149</lei>
        <title>OBX 2024-NQM18 A3</title>
        <cusip>673913AC3</cusip>
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          <isin value="US673913AC30"/>
          <ticker value="OBX"/>
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        <balance>551674.48</balance>
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        <curCd>USD</curCd>
        <valUSD>556416.89</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc SERIES U JUNIOR SUBORDINATED DEBENTURES DUE JUNE 1, 2085</title>
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          <ticker value="NEE"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>PFP 2025-12 LTD/LLC</name>
        <lei>N/A</lei>
        <title>PFP 2025-12 B</title>
        <cusip>69382JAC5</cusip>
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          <isin value="US69382JAC53"/>
          <ticker value="PFP"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TRGP 5.65 02/15/36</title>
        <cusip>87612GAQ4</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F030637</cusip>
        <identifiers>
          <isin value="US01F0306377"/>
          <ticker value="FNMA"/>
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        <balance>3259154</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2885928.56</valUSD>
        <pctVal>0.2995430302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sound Point Clo 2025R-1 Ltd.</name>
        <lei>25490031SR8APTVC6E71</lei>
        <title>SNDPT 2025-1RA C</title>
        <cusip>83617EAJ9</cusip>
        <identifiers>
          <isin value="US83617EAJ91"/>
          <ticker value="SNDPT"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WOODWARD CAPITAL MANAGEMENT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOWD POINT MORTGAGE TRUST 2025-1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telus Corp.</name>
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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>EQT Corporation</name>
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        <title>EQT 5.5 07/15/28</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telus Corp.</name>
        <lei>L2TEUTQ8OSHMJWVLCE40</lei>
        <title>TCN V7 10/15/55</title>
        <cusip>87971MCM3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS CLO 54M-R LTD</name>
        <lei>2549007JA1TZWEDGPD41</lei>
        <title>GOCAP 2021-54A A2R</title>
        <cusip>38181GAC9</cusip>
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        <balance>800000</balance>
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        <curCd>USD</curCd>
        <valUSD>800386.32</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY CAP 2021-230P</name>
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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>Floating</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QB2296</title>
        <cusip>3133A8RR0</cusip>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Worldline SA</name>
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        <invCountry>FR</invCountry>
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        <name>Northern Institutional Funds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Funds TREAS PRT PRMR</title>
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          <ticker value="NTPXX"/>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 6.5 07/01/27</title>
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          <isin value="US26884LAT61"/>
          <ticker value="EQT"/>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
        <lei>YH65D4JBECK76IFEJ279</lei>
        <title>EXC 4.875 09/15/35</title>
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      <invstOrSec>
        <name>SSI ABS 2025-1 ISSUER LLC</name>
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        <title>SSI 2025-1 A</title>
        <cusip>78475CAA3</cusip>
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          <isin value="US78475CAA36"/>
          <ticker value="SSI"/>
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        <name>CRANE HLDNGS CO TL</name>
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        <title>CRANE HLDNGS CO TL</title>
        <cusip>LX2756943</cusip>
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      <invstOrSec>
        <name>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
        <title>ROCKIE 6.875 04/15/40 144A</title>
        <cusip>77340RAM9</cusip>
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          <ticker value="ROCKIE"/>
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        <curCd>USD</curCd>
        <valUSD>409490.4</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>NRZT 2025-NQM3 A1</title>
        <cusip>64832CAC7</cusip>
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          <isin value="US64832CAC73"/>
          <ticker value="NRZT"/>
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        <balance>654209.86</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Tennessee Valley Authority</name>
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        <name>DYCOM INDS INC TL</name>
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        <name>Nidda Healthcare Holding GmbH</name>
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        <name>Loxam SAS</name>
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        <name>J P MORGAN MTG TR 2025-VIS1</name>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>IPD 3 B.V.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>The Cigna Group</name>
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        <name>Intel Corporation</name>
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        <name>FedEx Corporation</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA5879</title>
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        <name>JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2025-1 LTD</name>
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        <title>JCPDL 2025-1A B</title>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>TD Synnex Corp</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>SNX 5.3 10/10/35</title>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Softbank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SOFTBK 5.25 10/10/29</title>
        <cusip>J7596PBX6</cusip>
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          <isin value="XS3109834898"/>
          <ticker value="SOFTBK"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Froneri Lux Finco S.a r.l.</name>
        <lei>9845005YBZ75E5AA3B94</lei>
        <title>ICECR 4.75 08/01/32 REGS</title>
        <cusip>L40637AB3</cusip>
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          <isin value="XS3123695671"/>
          <ticker value="ICECR"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ACRES COMMERCIAL REALTY 2026-FL4</name>
        <lei>N/A</lei>
        <title>ACRES 2026-FL4 B</title>
        <cusip>00501XAE1</cusip>
        <identifiers>
          <isin value="US00501XAE13"/>
          <ticker value="ACRES"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200088.36</valUSD>
        <pctVal>0.0207680379</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PHANTOM 2026-1 AVIATION LLC</name>
        <lei>N/A</lei>
        <title>PHNTOM 2026-1 A</title>
        <cusip>71711GAA3</cusip>
        <identifiers>
          <isin value="US71711GAA31"/>
          <ticker value="PHNTOM"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304117.8</valUSD>
        <pctVal>0.0315657042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.240000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>KMI 5.8 03/15/35</title>
        <cusip>494550AT3</cusip>
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          <isin value="US494550AT30"/>
          <ticker value="KMI"/>
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        <balance>320000</balance>
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        <curCd>USD</curCd>
        <valUSD>337194.36</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>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
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      <invstOrSec>
        <name>Midwest Connector Capital Company LLC</name>
        <lei>N/A</lei>
        <title>MWXCAP 4.625 04/01/29 144A</title>
        <cusip>59833CAC6</cusip>
        <identifiers>
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          <ticker value="MWXCAP"/>
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        <balance>330000</balance>
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        <curCd>USD</curCd>
        <valUSD>330279.64</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>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STORE MASTER FDG I-VII 2021-1</name>
        <lei>N/A</lei>
        <title>STR 2021-1A A4</title>
        <cusip>86190BAD6</cusip>
        <identifiers>
          <isin value="US86190BAD64"/>
          <ticker value="STR"/>
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        <balance>293124.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255649.15</valUSD>
        <pctVal>0.0265349330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colonial Enterprises</name>
        <lei>2549009FT92RXWA46910</lei>
        <title>Colonial Enterprises Term Loan B 175 2032-06-03</title>
        <cusip>19682LAB4</cusip>
        <identifiers>
          <isin value="US19682LAB45"/>
          <ticker value="COLPLN"/>
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        <balance>798000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>794672.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.070000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Secucor Finance 2025-1 Designated Activity Co.</name>
        <lei>635400OWPQYJEOHYG243</lei>
        <title>SECUC 2025-1 D</title>
        <cusip>G79660AE9</cusip>
        <identifiers>
          <isin value="XS3178723485"/>
          <ticker value="SECUC"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0122838725</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.385000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 4.75 01/15/31</title>
        <cusip>26884LBD0</cusip>
        <identifiers>
          <isin value="US26884LBD01"/>
          <ticker value="EQT"/>
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        <balance>1781000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1789038.94</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American National Group Inc.</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>ANGINC 5 06/15/27</title>
        <cusip>025676AM9</cusip>
        <identifiers>
          <isin value="US025676AM95"/>
          <ticker value="ANGINC"/>
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        <balance>495000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498634.58</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley ABS Capital I Inc</name>
        <lei>549300RLSHIMYD3FZB52</lei>
        <title>MSAC 2007-HE2 A2B</title>
        <cusip>61753EAB6</cusip>
        <identifiers>
          <isin value="US61753EAB65"/>
          <ticker value="MSAC"/>
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        <balance>1741298.66</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>799006.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.877070000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CWHL 2007-9 A1</title>
        <cusip>12544XAA3</cusip>
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          <isin value="US12544XAA37"/>
          <ticker value="CWHL"/>
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        <curCd>USD</curCd>
        <valUSD>10950</valUSD>
        <pctVal>0.0011365479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA3313</title>
        <cusip>3133KJVE9</cusip>
        <identifiers>
          <isin value="US3133KJVE99"/>
          <ticker value="FHLMC"/>
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        <balance>60633.54</balance>
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        <curCd>USD</curCd>
        <valUSD>54661.27</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0496</title>
        <cusip>3132DMRR8</cusip>
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          <ticker value="FHLMC"/>
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        <balance>605574.49</balance>
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        <curCd>USD</curCd>
        <valUSD>556198.08</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 2.65 02/08/51</title>
        <cusip>037833EF3</cusip>
        <identifiers>
          <isin value="US037833EF38"/>
          <ticker value="AAPL"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92573.64</valUSD>
        <pctVal>0.0096086192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXE 5.375 03/15/30</title>
        <cusip>845467AS8</cusip>
        <identifiers>
          <isin value="US845467AS85"/>
          <ticker value="EXE"/>
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        <balance>219000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222896.52</valUSD>
        <pctVal>0.0231353956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4465</title>
        <cusip>31418D6B3</cusip>
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          <isin value="US31418D6B37"/>
          <ticker value="FHLMC"/>
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        <balance>1747304.38</balance>
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        <curCd>USD</curCd>
        <valUSD>1423664.57</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.8 12/01/57</title>
        <cusip>00206RMN9</cusip>
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          <isin value="US00206RMN97"/>
          <ticker value="T"/>
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        <balance>97000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66773.37</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>2057-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Motorola Solutions Inc</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>MSI 5.6 06/01/32</title>
        <cusip>620076BW8</cusip>
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          <isin value="US620076BW88"/>
          <ticker value="MSI"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78872.61</valUSD>
        <pctVal>0.0081865300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS2040</title>
        <cusip>3140XHHS9</cusip>
        <identifiers>
          <isin value="US3140XHHS99"/>
          <ticker value="FNMA"/>
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        <balance>270691.49</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221056.36</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>GLENLN 2.625 09/23/31 144A</title>
        <cusip>378272BG2</cusip>
        <identifiers>
          <isin value="US378272BG28"/>
          <ticker value="GLENLN"/>
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        <balance>22000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19928.21</valUSD>
        <pctVal>0.0020684353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 3.95 06/30/62</title>
        <cusip>161175CG7</cusip>
        <identifiers>
          <isin value="US161175CG74"/>
          <ticker value="CHTR"/>
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        <balance>279000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170299.87</valUSD>
        <pctVal>0.0176761614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Plains All American Pipeline L.P.</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PAA 4.7 06/15/44</title>
        <cusip>72650RBE1</cusip>
        <identifiers>
          <isin value="US72650RBE18"/>
          <ticker value="PAA"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85699.15</valUSD>
        <pctVal>0.0088950861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Southwestern Public Service Company</name>
        <lei>OL6FE7QD5EQ3DOYEO258</lei>
        <title>XEL 3.7 08/15/47</title>
        <cusip>845743BR3</cusip>
        <identifiers>
          <isin value="US845743BR32"/>
          <ticker value="XEL"/>
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        <balance>1150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>864224.01</valUSD>
        <pctVal>0.0897015548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.375 06/07/33 144A</title>
        <cusip>YK6552730</cusip>
        <identifiers>
          <isin value="XS3198387246"/>
          <ticker value="ROMANI"/>
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        <balance>4000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>4902.54</valUSD>
        <pctVal>0.0005088559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 4.6 10/15/30 144A</title>
        <cusip>92840VAV4</cusip>
        <identifiers>
          <isin value="US92840VAV45"/>
          <ticker value="VST"/>
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        <balance>70000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69777.19</valUSD>
        <pctVal>0.0072424769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.600000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V5.387 02/02/41</title>
        <cusip>38145GAU4</cusip>
        <identifiers>
          <isin value="US38145GAU40"/>
          <ticker value="GS"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346736.53</valUSD>
        <pctVal>0.0359892869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.387000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>NRZT 2025-NQM3 A3</title>
        <cusip>64832CAE3</cusip>
        <identifiers>
          <isin value="US64832CAE30"/>
          <ticker value="NRZT"/>
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        <balance>654209.85</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664139.12</valUSD>
        <pctVal>0.0689338770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.985000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAN ANTONIO TEX</name>
        <lei>N/A</lei>
        <title>TX SANUTL 5.81 02/01/2041</title>
        <cusip>796253Y30</cusip>
        <identifiers>
          <isin value="US796253Y307"/>
          <ticker value="SANUTL"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76886.52</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.808000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lebanese Republic</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>LEBAN 6.85 03/23/27 10Y</title>
        <cusip>M6S21BAP8</cusip>
        <identifiers>
          <isin value="XS1586230051"/>
          <ticker value="LEBAN"/>
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        <balance>31000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9097.79</valUSD>
        <pctVal>0.0009442990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.850000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OBX 2025-NQM13 TRUST</name>
        <lei>254900FPAGVH6E25VL74</lei>
        <title>OBX 2025-NQM13 A3</title>
        <cusip>67121UAC0</cusip>
        <identifiers>
          <isin value="US67121UAC09"/>
          <ticker value="OBX"/>
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        <balance>669774.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>675920.8</valUSD>
        <pctVal>0.0701567487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.816000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINETIC ABS ISSUER LLC</name>
        <lei>N/A</lei>
        <title>UNITK 2026-1A A2</title>
        <cusip>49459AAA8</cusip>
        <identifiers>
          <isin value="US49459AAA88"/>
          <ticker value="UNITK"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250156.25</valUSD>
        <pctVal>0.0259648011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.219000000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8149</title>
        <cusip>36179XBS4</cusip>
        <identifiers>
          <isin value="US36179XBS45"/>
          <ticker value="GNR"/>
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        <balance>207308.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191996.16</valUSD>
        <pctVal>0.0199281134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-20</maturityDt>
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          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8147</title>
        <cusip>36179XBQ8</cusip>
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          <isin value="US36179XBQ88"/>
          <ticker value="GNR"/>
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        <balance>253354.3</balance>
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        <curCd>USD</curCd>
        <valUSD>219776.54</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>TVA 4.625 09/15/60</title>
        <cusip>880591EJ7</cusip>
        <identifiers>
          <isin value="US880591EJ70"/>
          <ticker value="TVA"/>
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        <balance>50000</balance>
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        <curCd>USD</curCd>
        <valUSD>44190.01</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FedEx Corporation</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FDX 4.75 11/15/45</title>
        <cusip>31428XBE5</cusip>
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          <isin value="US31428XBE58"/>
          <ticker value="FDX"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350410.84</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>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4384</title>
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          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>86464.41</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4452</title>
        <cusip>36179S5M5</cusip>
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          <isin value="US36179S5M51"/>
          <ticker value="GNR"/>
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        <balance>18698.56</balance>
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        <curCd>USD</curCd>
        <valUSD>18044.44</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OBX 2025-NQM10 TRUST</name>
        <lei>254900NDJVO62R77II89</lei>
        <title>OBX 2025-NQM10 A3</title>
        <cusip>67121LAC0</cusip>
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          <isin value="US67121LAC00"/>
          <ticker value="OBX"/>
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        <balance>669424.65</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>674971.44</valUSD>
        <pctVal>0.0700582105</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.706000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Madison Park Funding II Ltd</name>
        <lei>549300Z310EWX0EQ8310</lei>
        <title>MDPK 2025-65A C</title>
        <cusip>55823FAC9</cusip>
        <identifiers>
          <isin value="US55823FAC95"/>
          <ticker value="MDPK"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>806630.24</valUSD>
        <pctVal>0.0837236478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.471130000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 4.9 02/15/38</title>
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          <ticker value="AVGO"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48939.03</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dolcetto Holdco S.p.A</name>
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        <cusip>T3R3E2AC2</cusip>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM8309</title>
        <cusip>3140XCGT9</cusip>
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          <ticker value="FNMA"/>
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        <balance>226126.33</balance>
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        <curCd>USD</curCd>
        <valUSD>186676.95</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>2.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7556</title>
        <cusip>3132DVMD4</cusip>
        <identifiers>
          <isin value="US3132DVMD46"/>
          <ticker value="FHLMC"/>
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        <balance>225378.56</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202614.23</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>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3027</title>
        <cusip>31418CLH5</cusip>
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          <isin value="US31418CLH50"/>
          <ticker value="FNMA"/>
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        <balance>85657.43</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83687.31</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>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
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        <cusip>337932AJ6</cusip>
        <identifiers>
          <isin value="US337932AJ65"/>
          <ticker value="FE"/>
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        <balance>237000</balance>
        <units>PA</units>
        <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>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAIN 4.5 02/01/36 144A</title>
        <cusip>903724CC4</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Braccan Mortgage Funding 2024-1 PLC</name>
        <lei>635400RGKRFPCFMYJF13</lei>
        <title>BRACN 2024-1 X</title>
        <cusip>G12855AB1</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7553</title>
        <cusip>3132DVMA0</cusip>
        <identifiers>
          <isin value="US3132DVMA07"/>
          <ticker value="FHLMC"/>
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        <balance>867995.64</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>781536.28</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Corpus Christi Holdings, LLC</name>
        <lei>549300I7CIEWU1BBLQ53</lei>
        <title>CHCOCH 2.742 12/31/39</title>
        <cusip>16412XAL9</cusip>
        <identifiers>
          <isin value="US16412XAL91"/>
          <ticker value="CHCOCH"/>
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        <balance>521000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446104.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Vici Properties Inc</name>
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        <name>Comcast Corporation</name>
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        <name>Ford Motor Credit Company LLC</name>
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        <name>Flourishing Trade &amp; Investment Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA6015</title>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA3217</title>
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          <couponKind>Fixed</couponKind>
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        <name>Duke Energy Corp</name>
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        <name>Vale Overseas Limited</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Ghana (Republic of)</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>GHANA 5 07/03/35 REGS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GSAA Home Equity Trust 2004-8</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB3102</title>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8231</title>
        <cusip>3132DWEC3</cusip>
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          <isin value="US3132DWEC38"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Continuum Trinethra Rnw</name>
        <lei>335800A71UZ8CXGYVD07</lei>
        <title>CGRNEG 7.5 06/26/33 REGS</title>
        <cusip>Y8987LAA4</cusip>
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          <isin value="USY8987LAA45"/>
          <ticker value="CGRNEG"/>
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        <curCd>USD</curCd>
        <valUSD>394132.45</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Mariner Finance Issuance Trust 2024-B</name>
        <lei>N/A</lei>
        <title>MFIT 2024-BA A</title>
        <cusip>56847GAA1</cusip>
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          <isin value="US56847GAA13"/>
          <ticker value="MFIT"/>
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        <balance>134000</balance>
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        <curCd>USD</curCd>
        <valUSD>135748.53</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6343</title>
        <cusip>3140QEBM3</cusip>
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          <isin value="US3140QEBM36"/>
          <ticker value="FNMA"/>
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        <balance>244246.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211573.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8097</title>
        <cusip>36179W7J1</cusip>
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          <isin value="US36179W7J15"/>
          <ticker value="GNR"/>
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        <balance>359890.28</balance>
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        <curCd>USD</curCd>
        <valUSD>311914.3</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 4.75 01/15/34 REGS</title>
        <cusip>U46009AP8</cusip>
        <identifiers>
          <isin value="XS3176120361"/>
          <ticker value="IRM"/>
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        <balance>100000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 7.5 06/01/30</title>
        <cusip>26884LBB4</cusip>
        <identifiers>
          <isin value="US26884LBB45"/>
          <ticker value="EQT"/>
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        <balance>1157000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1273424.96</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0208</title>
        <cusip>3140XFGS4</cusip>
        <identifiers>
          <isin value="US3140XFGS43"/>
          <ticker value="FNMA"/>
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        <balance>253558.21</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219985.08</valUSD>
        <pctVal>0.0228332047</pctVal>
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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>2.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2633</title>
        <cusip>3140QM4T8</cusip>
        <identifiers>
          <isin value="US3140QM4T84"/>
          <ticker value="FNMA"/>
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        <balance>113365.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98686.66</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>2.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 5.25 04/01/53</title>
        <cusip>161175CK8</cusip>
        <identifiers>
          <isin value="US161175CK86"/>
          <ticker value="CHTR"/>
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        <balance>48000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38337.15</valUSD>
        <pctVal>0.0039791789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1133</title>
        <cusip>3140XGHK8</cusip>
        <identifiers>
          <isin value="US3140XGHK80"/>
          <ticker value="FNMA"/>
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        <balance>260408.67</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252003.08</valUSD>
        <pctVal>0.0261564916</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>ANGEL OAK MORTGAGE TRUST 2024-10</name>
        <lei>254900QN92XYN8GJBJ44</lei>
        <title>AOMT 2024-10 A1</title>
        <cusip>034933AA9</cusip>
        <identifiers>
          <isin value="US034933AA90"/>
          <ticker value="AOMT"/>
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        <balance>39849.45</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40127.66</valUSD>
        <pctVal>0.0041650237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.348000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2139</title>
        <cusip>3140QMLV4</cusip>
        <identifiers>
          <isin value="US3140QMLV41"/>
          <ticker value="FNMA"/>
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        <balance>94663.24</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78554.78</valUSD>
        <pctVal>0.0081535410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6342</title>
        <cusip>3140QEBL5</cusip>
        <identifiers>
          <isin value="US3140QEBL52"/>
          <ticker value="FNMA"/>
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        <balance>233323.94</balance>
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        <curCd>USD</curCd>
        <valUSD>202112.5</valUSD>
        <pctVal>0.0209781321</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAIN 0 02/01/30 144A</title>
        <cusip>903724CD2</cusip>
        <identifiers>
          <isin value="US903724CD29"/>
          <ticker value="UKRAIN"/>
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        <balance>1000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634.38</valUSD>
        <pctVal>0.0000658450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V4.505 10/22/28</title>
        <cusip>46647PEP7</cusip>
        <identifiers>
          <isin value="US46647PEP71"/>
          <ticker value="JPM"/>
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        <balance>304000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306810.18</valUSD>
        <pctVal>0.0318451580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.505000000000</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>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 4.55 05/15/52</title>
        <cusip>036752AU7</cusip>
        <identifiers>
          <isin value="US036752AU73"/>
          <ticker value="ELV"/>
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        <balance>63000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51838.88</valUSD>
        <pctVal>0.0053805820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>American Express Company</name>
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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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <ticker value="GNR"/>
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        <balance>538438.75</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1310</title>
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          <ticker value="FNMA"/>
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        <balance>480355.8</balance>
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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>Cheniere Energy Partners Lp</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CQP 3.25 01/31/32</title>
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        <balance>148000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB8507</title>
        <cusip>3132D6NY2</cusip>
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          <isin value="US3132D6NY22"/>
          <ticker value="FHLMC"/>
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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>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 4.05 08/18/29</title>
        <cusip>031162DH0</cusip>
        <identifiers>
          <isin value="US031162DH07"/>
          <ticker value="AMGN"/>
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        <balance>560000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JM COMMERCIAL MORTGAGE TRUST 2024-M</name>
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        <title>JW 2024-MRCO A</title>
        <cusip>46657XAA4</cusip>
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          <isin value="US46657XAA46"/>
          <ticker value="JW"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100249.88</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MPT Operating Partnership LP / MPT Finance Corporation</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 7 02/15/32 REGS</title>
        <cusip>U6203BAD6</cusip>
        <identifiers>
          <isin value="XS2997159491"/>
          <ticker value="MPW"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD3782</title>
        <cusip>3132E0FX5</cusip>
        <identifiers>
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          <ticker value="FHLMC"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>.01</valUSD>
        <pctVal>0.0000000010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1666</title>
        <cusip>3140QLZ82</cusip>
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          <isin value="US3140QLZ824"/>
          <ticker value="FNMA"/>
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        <balance>265529.25</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Vici Properties Inc</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI 3.875 02/15/29 144A</title>
        <cusip>92564RAL9</cusip>
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          <isin value="US92564RAL96"/>
          <ticker value="VICI"/>
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        <balance>615000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604752.43</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V4.482 08/23/28</title>
        <cusip>38141GZU1</cusip>
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          <isin value="US38141GZU11"/>
          <ticker value="GS"/>
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        <curCd>USD</curCd>
        <valUSD>81505.65</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E Corporation</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG V7.375 03/15/55</title>
        <cusip>69331CAM0</cusip>
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          <ticker value="PCG"/>
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        <balance>384000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>396306.81</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TRGP 4.2 02/01/33</title>
        <cusip>87612GAA9</cusip>
        <identifiers>
          <isin value="US87612GAA94"/>
          <ticker value="TRGP"/>
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        <balance>228000</balance>
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        <curCd>USD</curCd>
        <valUSD>218112.82</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</annualizedRt>
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      <invstOrSec>
        <name>ACRA TRUST 2024-NQM1</name>
        <lei>N/A</lei>
        <title>ACRA 2024-NQM1 A1</title>
        <cusip>00112EAA2</cusip>
        <identifiers>
          <isin value="US00112EAA29"/>
          <ticker value="ACRA"/>
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        <balance>134849.93</balance>
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        <curCd>USD</curCd>
        <valUSD>136008.76</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.608000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LENDMARK FUNDING TRUST 2025-1</name>
        <lei>N/A</lei>
        <title>LFT 2025-1A A</title>
        <cusip>52604QAA1</cusip>
        <identifiers>
          <isin value="US52604QAA13"/>
          <ticker value="LFT"/>
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        <balance>145000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146475.38</valUSD>
        <pctVal>0.0152033144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KeyCorp</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AFFIRM MASTER TRUST</name>
        <lei>N/A</lei>
        <title>AFRMT 2026-1A A</title>
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      <invstOrSec>
        <name>U.S. Bancorp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triton Container International Ltd.</name>
        <lei>549300O4LZFLCX53XZ54</lei>
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        <curCd>USD</curCd>
        <valUSD>347573.45</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DNKN 2021-1A A23</title>
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          <ticker value="DUNKN"/>
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        <balance>816000</balance>
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        <curCd>USD</curCd>
        <valUSD>726000.1</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 4.5 01/15/29</title>
        <cusip>26884LAX7</cusip>
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        <balance>910000</balance>
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        <curCd>USD</curCd>
        <valUSD>913958.36</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V4.916 01/15/34 144A</title>
        <cusip>09659W3E2</cusip>
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          <isin value="US09659W3E26"/>
          <ticker value="BNP"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248737.4</valUSD>
        <pctVal>0.0258175325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.916000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-78 IP</title>
        <cusip>38382TBX1</cusip>
        <identifiers>
          <isin value="US38382TBX19"/>
          <ticker value="GNR"/>
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        <balance>554918.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92276.66</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM9730</title>
        <cusip>3140XDY42</cusip>
        <identifiers>
          <isin value="US3140XDY424"/>
          <ticker value="FNMA"/>
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        <balance>74740.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61852.18</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMIBK V5.57 01/15/47</title>
        <cusip>86562MEG1</cusip>
        <identifiers>
          <isin value="US86562MEG15"/>
          <ticker value="SUMIBK"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199829.61</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.570000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0783</title>
        <cusip>3132DM2Q7</cusip>
        <identifiers>
          <isin value="US3132DM2Q76"/>
          <ticker value="FHLMC"/>
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        <balance>43646.31</balance>
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        <curCd>USD</curCd>
        <valUSD>36109.21</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7552</title>
        <cusip>3132DVL94</cusip>
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          <isin value="US3132DVL943"/>
          <ticker value="FHLMC"/>
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        <balance>488236.14</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS2409</title>
        <cusip>3140XHVB0</cusip>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1300</title>
        <cusip>3132DNNR0</cusip>
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          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BQ6334</title>
        <cusip>3140KSBC0</cusip>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 6 06/01/44</title>
        <cusip>126650EE6</cusip>
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          <isin value="US126650EE63"/>
          <ticker value="CVS"/>
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        <balance>111000</balance>
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        <curCd>USD</curCd>
        <valUSD>111268.77</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QTS ISSUER ABS II, LLC</name>
        <lei>N/A</lei>
        <title>QTSII 2026-2A A2</title>
        <cusip>74690FAU0</cusip>
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          <ticker value="QTSII"/>
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        <balance>52000</balance>
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        <curCd>USD</curCd>
        <valUSD>52135.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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          <isin value="US3133CLME39"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>B.A.T. Capital Corporation</name>
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        <curCd>USD</curCd>
        <valUSD>29068.13</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG G61047</title>
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          <isin value="US31335BEU61"/>
          <ticker value="FHLMC"/>
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        <balance>60374.14</balance>
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        <curCd>USD</curCd>
        <valUSD>60331.22</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6757</title>
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          <isin value="US3140QSQK01"/>
          <ticker value="FNMA"/>
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        <balance>216495.61</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>EXR 2.2 10/15/30</title>
        <cusip>30225VAP2</cusip>
        <identifiers>
          <isin value="US30225VAP22"/>
          <ticker value="EXR"/>
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        <balance>77000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69775.97</valUSD>
        <pctVal>0.0072423503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gartner Inc.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
        <title>IT 4.5 07/01/28 144A</title>
        <cusip>366651AC1</cusip>
        <identifiers>
          <isin value="US366651AC11"/>
          <ticker value="IT"/>
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        <balance>659000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>657375.66</valUSD>
        <pctVal>0.0682318682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1522</title>
        <cusip>3140XGVQ9</cusip>
        <identifiers>
          <isin value="US3140XGVQ94"/>
          <ticker value="FNMA"/>
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        <balance>54494.73</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48869.29</valUSD>
        <pctVal>0.0050723554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1520</title>
        <cusip>3140XGVN6</cusip>
        <identifiers>
          <isin value="US3140XGVN63"/>
          <ticker value="FNMA"/>
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        <balance>34071.89</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30783.44</valUSD>
        <pctVal>0.0031951466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 5.8 09/15/62</title>
        <cusip>87264ACX1</cusip>
        <identifiers>
          <isin value="US87264ACX19"/>
          <ticker value="TMUS"/>
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        <balance>301000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>295078.07</valUSD>
        <pctVal>0.0306274315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>IL ILS 5.1 06/01/2033</title>
        <cusip>452151LF8</cusip>
        <identifiers>
          <isin value="US452151LF83"/>
          <ticker value="ILS"/>
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        <balance>261764.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267933.3</valUSD>
        <pctVal>0.0278099582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.100000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F042624</cusip>
        <identifiers>
          <isin value="US01F0426241"/>
          <ticker value="FNMA"/>
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        <balance>324000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317395.8</valUSD>
        <pctVal>0.0329438854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.375 11/15/40</title>
        <cusip>912810ST6</cusip>
        <identifiers>
          <isin value="US912810ST60"/>
          <ticker value="T"/>
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        <balance>1173000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>758784.38</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.625 11/15/50</title>
        <cusip>912810SS8</cusip>
        <identifiers>
          <isin value="US912810SS87"/>
          <ticker value="T"/>
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        <balance>251800</balance>
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        <curCd>USD</curCd>
        <valUSD>131713.04</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6106</title>
        <cusip>3140QDYC2</cusip>
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          <isin value="US3140QDYC24"/>
          <ticker value="FNMA"/>
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        <balance>113906.87</balance>
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        <curCd>USD</curCd>
        <valUSD>109984.54</valUSD>
        <pctVal>0.0114157720</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>India Clean Energy Holdings</name>
        <lei>254900XQFJ9593DCY022</lei>
        <title>INCLEN 4.5 04/18/27 REGS</title>
        <cusip>V4605MAA6</cusip>
        <identifiers>
          <isin value="USV4605MAA63"/>
          <ticker value="INCLEN"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392613.75</valUSD>
        <pctVal>0.0407510823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0209</title>
        <cusip>3140XFGT2</cusip>
        <identifiers>
          <isin value="US3140XFGT26"/>
          <ticker value="FNMA"/>
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        <balance>311082.03</balance>
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        <curCd>USD</curCd>
        <valUSD>269036.6</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTA POINT SEC TR 2020-2</name>
        <lei>N/A</lei>
        <title>VSTA 2020-2 B2</title>
        <cusip>92838TAF8</cusip>
        <identifiers>
          <isin value="US92838TAF84"/>
          <ticker value="VSTA"/>
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        <balance>142800</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138964.39</valUSD>
        <pctVal>0.0144237162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.160000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WSTP 3.133 11/18/41</title>
        <cusip>961214EY5</cusip>
        <identifiers>
          <isin value="US961214EY50"/>
          <ticker value="WSTP"/>
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        <balance>470000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355187.7</valUSD>
        <pctVal>0.0368664704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.133000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="114349.880000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 2.375 02/15/55</title>
        <cusip>912810UH9</cusip>
        <identifiers>
          <isin value="US912810UH94"/>
          <ticker value="T"/>
        </identifiers>
        <balance>1350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1313524.51</valUSD>
        <pctVal>0.1363364005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1132075.300000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Jefferies Finance LLC/JFIN Co-Issuer Corp</name>
        <lei>549300SKVB18YSSIDT75</lei>
        <title>JEFFIN 5 08/15/28</title>
        <cusip>47232MAF9</cusip>
        <identifiers>
          <isin value="US47232MAF95"/>
          <ticker value="JEFFIN"/>
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        <balance>570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552657.92</valUSD>
        <pctVal>0.0573627602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>Flowserve Corporation</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>FLS 2.8 01/15/32</title>
        <cusip>34355JAB4</cusip>
        <identifiers>
          <isin value="US34355JAB44"/>
          <ticker value="FLS"/>
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        <balance>62000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55681.3</valUSD>
        <pctVal>0.0057794034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.800000000000</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>ION Platform Finance S.a r.l. / ION Platform Finance US Inc.</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>IONPLA 6.5 09/30/30 REGS</title>
        <cusip>U4608DAK2</cusip>
        <identifiers>
          <isin value="XS3194940147"/>
          <ticker value="IONPLA"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>109025.78</valUSD>
        <pctVal>0.0113162581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>Marsh &amp; McLennan Companies, Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>MRSH 4.55 11/08/27</title>
        <cusip>571748BY7</cusip>
        <identifiers>
          <isin value="US571748BY71"/>
          <ticker value="MRSH"/>
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        <balance>178000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>179949.68</valUSD>
        <pctVal>0.0186777570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000</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>Firstenergy Transmission Llc</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FE 5 01/15/35</title>
        <cusip>33767BAH2</cusip>
        <identifiers>
          <isin value="US33767BAH24"/>
          <ticker value="FE"/>
        </identifiers>
        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329935.03</valUSD>
        <pctVal>0.0342453864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.625 10/15/29</title>
        <cusip>91282CLV1</cusip>
        <identifiers>
          <isin value="US91282CLV18"/>
          <ticker value="T"/>
        </identifiers>
        <balance>3420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3593412.27</valUSD>
        <pctVal>0.3729758301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F052631</cusip>
        <identifiers>
          <isin value="US01F0526313"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>2548000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2580358.5</valUSD>
        <pctVal>0.2678265896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 08/15/41</title>
        <cusip>912810QS0</cusip>
        <identifiers>
          <isin value="US912810QS06"/>
          <ticker value="T"/>
        </identifiers>
        <balance>1029000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>924050.04</valUSD>
        <pctVal>0.0959111576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.1 09/26/65</title>
        <cusip>68389XDT9</cusip>
        <identifiers>
          <isin value="US68389XDT90"/>
          <ticker value="ORCL"/>
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        <balance>228000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198640.58</valUSD>
        <pctVal>0.0206177665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.100000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-35 FJ</title>
        <cusip>3136BVN46</cusip>
        <identifiers>
          <isin value="US3136BVN464"/>
          <ticker value="FNMA"/>
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        <balance>308454.86</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>312856.6</valUSD>
        <pctVal>0.0324727421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.297280000000</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>GS Finance Corp</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS V0 01/15/31 Dmtn</title>
        <cusip>40058WV86</cusip>
        <identifiers>
          <isin value="US40058WV869"/>
          <ticker value="GS"/>
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        <balance>840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>840000</valUSD>
        <pctVal>0.0871872398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM3665</title>
        <cusip>3140X7CB3</cusip>
        <identifiers>
          <isin value="US3140X7CB30"/>
          <ticker value="FNMA"/>
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        <balance>177662.45</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171793.53</valUSD>
        <pctVal>0.0178311949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5176</title>
        <cusip>3140X8XE2</cusip>
        <identifiers>
          <isin value="US3140X8XE23"/>
          <ticker value="FNMA"/>
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        <balance>176141.81</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145943.37</valUSD>
        <pctVal>0.0151480948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0211</title>
        <cusip>3140XFGV7</cusip>
        <identifiers>
          <isin value="US3140XFGV71"/>
          <ticker value="FNMA"/>
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        <balance>204213.8</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168415.81</valUSD>
        <pctVal>0.0174806067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F052649</cusip>
        <identifiers>
          <isin value="US01F0526495"/>
          <ticker value="FNMA"/>
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        <balance>952000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>963234.68</valUSD>
        <pctVal>0.0999783012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>Assured Guaranty US Holdings Inc.</name>
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      <invstOrSec>
        <name>China (People's Republic Of)</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Allianz SE</name>
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      <invstOrSec>
        <name>Becle Sab DE CV</name>
        <lei>529900JY55CZKMJLCE09</lei>
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        <invCountry>MX</invCountry>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2620</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM7973</title>
        <cusip>3140XB2F6</cusip>
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          <isin value="US3140XB2F65"/>
          <ticker value="FNMA"/>
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        <balance>71937.46</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Uruguay (Republic Of)</name>
        <lei>549300RDR012H2V82H43</lei>
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        <curCd>USD</curCd>
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        <invCountry>UY</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
        <lei>549300CAZKPF4HKMPX17</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>B.A.T. Capital Corporation</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Lbj Infrastructure Group Llc</name>
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        <name>United States Treasury Notes</name>
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        <title>TII 2.125 01/15/35</title>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-58 IY</title>
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        <name>CROSS 2023-H2 MORTGAGE TRUST</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0520</title>
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        <name>Frontier Communications Holdings Llc</name>
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        <title>FYBR 6 01/15/30 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <ticker value="T"/>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR RJ4166</title>
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        <name>Philippines (Republic Of)</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Cameron LNG LLC</name>
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        <name>Citigroup Inc.</name>
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        <name>FirstEnergy Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Lyra Music Assets Del LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR RJ3896</title>
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        <name>ATRIUM HOTEL PORTFOLIO TRUST 2025-A</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6916</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ffmlt Trust 2006/Ff13</name>
        <lei>N/A</lei>
        <title>FFML 2006-FF13 A1</title>
        <cusip>30247DAA9</cusip>
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          <isin value="US30247DAA90"/>
          <ticker value="FFML"/>
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        <balance>24442.74</balance>
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        <curCd>USD</curCd>
        <valUSD>15716.19</valUSD>
        <pctVal>0.0016312515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.027070000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOW 3.35 04/01/27</title>
        <cusip>548661EG8</cusip>
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        <curCd>USD</curCd>
        <valUSD>106369.26</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.350000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>NOVHOL 8.75 04/15/30 144A</title>
        <cusip>18972EAB1</cusip>
        <identifiers>
          <isin value="US18972EAB11"/>
          <ticker value="NOVHOL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100071.63</valUSD>
        <pctVal>0.0103868681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM1680</title>
        <cusip>3140X42N5</cusip>
        <identifiers>
          <isin value="US3140X42N50"/>
          <ticker value="FNMA"/>
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        <balance>48209.34</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46388.81</valUSD>
        <pctVal>0.0048148956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ohio Power Company</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>AEP 2.6 04/01/30 P</title>
        <cusip>677415CS8</cusip>
        <identifiers>
          <isin value="US677415CS83"/>
          <ticker value="AEP"/>
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        <balance>18000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16846.57</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>2.600000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Davita Inc</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DVA 4.625 06/01/30 144A</title>
        <cusip>23918KAS7</cusip>
        <identifiers>
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          <ticker value="DVA"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96221.58</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 4.95 07/01/50</title>
        <cusip>694308JN8</cusip>
        <identifiers>
          <isin value="US694308JN86"/>
          <ticker value="PCG"/>
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        <balance>148000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125504.13</valUSD>
        <pctVal>0.0130266175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V4.123 06/06/28 MTN</title>
        <cusip>89788MAG7</cusip>
        <identifiers>
          <isin value="US89788MAG78"/>
          <ticker value="TFC"/>
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        <balance>171000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171453.96</valUSD>
        <pctVal>0.0177959494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.123000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS1331</title>
        <cusip>3140XGPR4</cusip>
        <identifiers>
          <isin value="US3140XGPR42"/>
          <ticker value="FNMA"/>
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        <balance>123694.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>114345.57</valUSD>
        <pctVal>0.0118684222</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7555</title>
        <cusip>3132DVMC6</cusip>
        <identifiers>
          <isin value="US3132DVMC62"/>
          <ticker value="FHLMC"/>
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        <balance>9390.26</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8472.34</valUSD>
        <pctVal>0.0008793809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.875 02/15/43</title>
        <cusip>912810TQ1</cusip>
        <identifiers>
          <isin value="US912810TQ13"/>
          <ticker value="T"/>
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        <balance>652500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>584981.54</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Long Beach Mortgage Loan Trust 2006-6</name>
        <lei>N/A</lei>
        <title>LBMLT 2006-6 2A3</title>
        <cusip>54251RAD5</cusip>
        <identifiers>
          <isin value="US54251RAD52"/>
          <ticker value="LBMLT"/>
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        <balance>690865.69</balance>
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        <curCd>USD</curCd>
        <valUSD>270662.25</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.087070000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VMED O2 UK Financing I PLC</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>VMED 5.625 04/15/32 REGS</title>
        <cusip>G9444PAH5</cusip>
        <identifiers>
          <isin value="XS2796600307"/>
          <ticker value="VMED"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AGL CLO 42 LTD /LLC</name>
        <lei>254900AMSJHVKQ5QFA09</lei>
        <title>AGL 2025-42A A1</title>
        <cusip>00791YAA6</cusip>
        <identifiers>
          <isin value="US00791YAA64"/>
          <ticker value="AGL"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251252.75</valUSD>
        <pctVal>0.0260786116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.969200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIRCH GROVE CLO 13 LTD</name>
        <lei>N/A</lei>
        <title>BGCLO 2025-13A A1</title>
        <cusip>09090QAA2</cusip>
        <identifiers>
          <isin value="US09090QAA22"/>
          <ticker value="BGCLO"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250933.28</valUSD>
        <pctVal>0.0260454524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CA CAS 4.6 04/01/2038</title>
        <cusip>13063DGE2</cusip>
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          <isin value="US13063DGE22"/>
          <ticker value="CAS"/>
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        <balance>325000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>330442.22</valUSD>
        <pctVal>0.0342980298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.600000000000</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>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.25 02/15/52</title>
        <cusip>912810TD0</cusip>
        <identifiers>
          <isin value="US912810TD00"/>
          <ticker value="T"/>
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        <balance>1286200</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777196.4</valUSD>
        <pctVal>0.0806685820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>RCI Banque S.A.</name>
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        <name>Ukraine (Republic of)</name>
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        <name>Sofi Consumer Ln Program 2016-5 Llc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>BFLD COML MTG TR 2024-UNIV</name>
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        <name>PORT AUTH N Y &amp; N J</name>
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        <name>Ecopetrol S.A.</name>
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        <name>ROCK TR 2024-CNTR</name>
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        <name>CVS Health Corp</name>
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        <name>BFLD COML MTG TR 2024-UNIV</name>
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        <name>DEEPHAVEN RESIDENTIAL MTG TR 2024-1</name>
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          <maturityDt>2069-07-25</maturityDt>
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          <annualizedRt>5.735000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <ticker value="FHLMC"/>
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        <valUSD>56526.35</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XX Ltd.</name>
        <lei>N/A</lei>
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        <valUSD>251248.15</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-15</maturityDt>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <cusip>629377CL4</cusip>
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          <isin value="US629377CL46"/>
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        <curCd>USD</curCd>
        <valUSD>184162.65</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000</annualizedRt>
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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 3.25 12/01/26</title>
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          <isin value="US25278XAM11"/>
          <ticker value="FANG"/>
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        <balance>990000</balance>
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        <curCd>USD</curCd>
        <valUSD>984336.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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      <invstOrSec>
        <name>American Tower Corporation</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMT 5.35 03/15/35</title>
        <cusip>03027XCP3</cusip>
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          <isin value="US03027XCP33"/>
          <ticker value="AMT"/>
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        <balance>473000</balance>
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        <curCd>USD</curCd>
        <valUSD>484624.5</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>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.350000000000</annualizedRt>
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      <invstOrSec>
        <name>alstria office REIT-AG</name>
        <lei>529900QIJIGPI0DRL085</lei>
        <title>AOXGR 5.5 03/20/31</title>
        <cusip>D0378RAC4</cusip>
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          <isin value="XS3025437982"/>
          <ticker value="AOXGR"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 10/31/27</title>
        <cusip>91282CFU0</cusip>
        <identifiers>
          <isin value="US91282CFU09"/>
          <ticker value="T"/>
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        <balance>1096600</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1107266.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 2.41 03/17/35</title>
        <cusip>Y603FFAA2</cusip>
        <identifiers>
          <isin value="TH0623A3F302"/>
          <ticker value="THAIGB"/>
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        <balance>2542000</balance>
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        <currencyConditional curCd="THB" exchangeRt="31.465"/>
        <valUSD>84086.63</valUSD>
        <pctVal>0.0087277157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.410000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>The Cigna Group</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CI 3.2 03/15/40</title>
        <cusip>125523CJ7</cusip>
        <identifiers>
          <isin value="US125523CJ75"/>
          <ticker value="CI"/>
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        <balance>135000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105728.28</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>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duke Energy Ohio Inc.</name>
        <lei>L6KC0HABGHNFU1Z6QY21</lei>
        <title>DUK 2.125 06/01/30</title>
        <cusip>26442EAH3</cusip>
        <identifiers>
          <isin value="US26442EAH36"/>
          <ticker value="DUK"/>
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        <balance>249000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228233.39</valUSD>
        <pctVal>0.0236893325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 3.5 08/01/50</title>
        <cusip>694308JJ7</cusip>
        <identifiers>
          <isin value="US694308JJ74"/>
          <ticker value="PCG"/>
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        <balance>501000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338924.08</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>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.375 12/31/28</title>
        <cusip>91282CDP3</cusip>
        <identifiers>
          <isin value="US91282CDP32"/>
          <ticker value="T"/>
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        <balance>4000</balance>
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        <curCd>USD</curCd>
        <valUSD>3756.09</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 5.75 04/25/29 0429</title>
        <cusip>X6650PNF1</cusip>
        <identifiers>
          <isin value="PL0000105391"/>
          <ticker value="POLAND"/>
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        <balance>442000</balance>
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        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
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        <pctVal>0.0136321557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.125 08/31/28</title>
        <cusip>91282CCV1</cusip>
        <identifiers>
          <isin value="US91282CCV19"/>
          <ticker value="T"/>
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        <balance>1195200</balance>
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        <curCd>USD</curCd>
        <valUSD>1123534.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.125000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.375 03/31/29</title>
        <cusip>91282CEE7</cusip>
        <identifiers>
          <isin value="US91282CEE75"/>
          <ticker value="T"/>
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        <balance>697500</balance>
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        <curCd>USD</curCd>
        <valUSD>671507.23</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3 08/15/52</title>
        <cusip>912810TJ7</cusip>
        <identifiers>
          <isin value="US912810TJ79"/>
          <ticker value="T"/>
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        <balance>26000</balance>
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        <curCd>USD</curCd>
        <valUSD>18537.19</valUSD>
        <pctVal>0.0019240553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1309</title>
        <cusip>3140QLN36</cusip>
        <identifiers>
          <isin value="US3140QLN366"/>
          <ticker value="FNMA"/>
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        <balance>433986.84</balance>
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        <curCd>USD</curCd>
        <valUSD>353064.92</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 01/15/27</title>
        <cusip>91282CJT9</cusip>
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        <name>Mexico (United Mexican States)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Notes</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>NextEra Energy Capital Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.375 09/15/27</title>
        <cusip>91282CLL3</cusip>
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          <ticker value="T"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140Y66J4</cusip>
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        <name>BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 09/30/31</title>
        <cusip>91282CLM1</cusip>
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          <ticker value="T"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 04/30/27</title>
        <cusip>91282CMY4</cusip>
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          <isin value="US91282CMY48"/>
          <ticker value="T"/>
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        <valUSD>111286.17</valUSD>
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        <issuerCat>UST</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>WELLINGTON MANAGEMENT CLO 5 LTD</name>
        <lei>213800J6I7L5KYTPNH51</lei>
        <title>WELLI 2025-5A A</title>
        <cusip>94957NAA3</cusip>
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          <isin value="US94957NAA37"/>
          <ticker value="WELLI"/>
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        <curCd>USD</curCd>
        <valUSD>251274.65</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA9274</title>
        <cusip>3133KRJT2</cusip>
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          <ticker value="FHLMC"/>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 7 02/01/30</title>
        <cusip>26884LAG4</cusip>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 3.75 04/01/40</title>
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          <ticker value="CMCSA"/>
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        <curCd>USD</curCd>
        <valUSD>41084.09</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Panama (Republic of)</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>PANAMA 4.5 04/01/56</title>
        <cusip>698299BM5</cusip>
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          <isin value="US698299BM53"/>
          <ticker value="PANAMA"/>
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        <balance>247000</balance>
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        <curCd>USD</curCd>
        <valUSD>181421.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRM 5.25 07/15/30 144A</title>
        <cusip>46284VAJ0</cusip>
        <identifiers>
          <isin value="US46284VAJ08"/>
          <ticker value="IRM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99019.78</valUSD>
        <pctVal>0.0102776920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Telefonica Emisiones S.A.U.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Indonesia (Republic of)</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States Treasury Notes</name>
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        <name>Ministerio de Hacienda y Credito Publico</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Notes</name>
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          <maturityDt>2032-05-15</maturityDt>
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          <annualizedRt>2.875000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AOA TRUST 2025-1301</name>
        <lei>N/A</lei>
        <title>AOA 2025-1301 A</title>
        <cusip>682461AA6</cusip>
        <identifiers>
          <isin value="US682461AA62"/>
          <ticker value="AOA"/>
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        <balance>10000</balance>
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        <curCd>USD</curCd>
        <valUSD>10157.63</valUSD>
        <pctVal>0.0010543044</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.058670000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 11/30/26</title>
        <cusip>91282CLY5</cusip>
        <identifiers>
          <isin value="US91282CLY56"/>
          <ticker value="T"/>
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        <balance>4778000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4803159.13</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 11/30/31</title>
        <cusip>91282CLZ2</cusip>
        <identifiers>
          <isin value="US91282CLZ22"/>
          <ticker value="T"/>
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        <balance>13000</balance>
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        <curCd>USD</curCd>
        <valUSD>13141.68</valUSD>
        <pctVal>0.0013640319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</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>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 3.5 12/01/29</title>
        <cusip>25278XAN9</cusip>
        <identifiers>
          <isin value="US25278XAN93"/>
          <ticker value="FANG"/>
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        <balance>1017000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>987852.54</valUSD>
        <pctVal>0.1025334956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Georgia Power Company</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>SO 3.7 01/30/50 B</title>
        <cusip>373334KN0</cusip>
        <identifiers>
          <isin value="US373334KN09"/>
          <ticker value="SO"/>
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        <balance>29000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21670.09</valUSD>
        <pctVal>0.0022492325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFE 2.7 05/28/50</title>
        <cusip>717081FA6</cusip>
        <identifiers>
          <isin value="US717081FA61"/>
          <ticker value="PFE"/>
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        <balance>95000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59468.33</valUSD>
        <pctVal>0.0061724757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PG&amp;E Corporation</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG 5.25 07/01/30</title>
        <cusip>69331CAJ7</cusip>
        <identifiers>
          <isin value="US69331CAJ71"/>
          <ticker value="PCG"/>
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        <balance>697000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>692776.53</valUSD>
        <pctVal>0.0719062779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 06/30/32</title>
        <cusip>91282CNJ6</cusip>
        <identifiers>
          <isin value="US91282CNJ61"/>
          <ticker value="T"/>
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        <balance>118000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>118170.55</valUSD>
        <pctVal>0.0122654334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Czech (Republic of)</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>CZGB 2.75 07/23/29 105</title>
        <cusip>999MAR302</cusip>
        <identifiers>
          <isin value="CZ0001005375"/>
          <ticker value="CZECH"/>
        </identifiers>
        <balance>1680000</balance>
        <units>PA</units>
        <currencyConditional curCd="CZK" exchangeRt="20.53315"/>
        <valUSD>79793.64</valUSD>
        <pctVal>0.0082821276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 12/31/30</title>
        <cusip>91282CJQ5</cusip>
        <identifiers>
          <isin value="US91282CJQ50"/>
          <ticker value="T"/>
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        <balance>13000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12968.01</valUSD>
        <pctVal>0.0013460059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="13012.080000000000"/>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-128 AG</title>
        <cusip>38381MZB9</cusip>
        <identifiers>
          <isin value="US38381MZB98"/>
          <ticker value="GNR"/>
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        <balance>80651.55</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79168.08</valUSD>
        <pctVal>0.0082171981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 0.5 05/31/27</title>
        <cusip>912828ZS2</cusip>
        <identifiers>
          <isin value="US912828ZS21"/>
          <ticker value="T"/>
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        <balance>688000</balance>
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        <curCd>USD</curCd>
        <valUSD>661232.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.25 03/31/28</title>
        <cusip>91282CBS9</cusip>
        <identifiers>
          <isin value="US91282CBS98"/>
          <ticker value="T"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 11/15/35</title>
        <cusip>91282CPJ4</cusip>
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          <isin value="US91282CPJ44"/>
          <ticker value="T"/>
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        <balance>3905000</balance>
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        <curCd>USD</curCd>
        <valUSD>3825069.53</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Textainer Marine Containers Ltd</name>
        <lei>549300Q7RHLEMSLA9Y26</lei>
        <title>TMCL 2021-3A A</title>
        <cusip>88315LAS7</cusip>
        <identifiers>
          <isin value="US88315LAS79"/>
          <ticker value="TMCL"/>
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        <balance>970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>869560.48</valUSD>
        <pctVal>0.0902554501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.940000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.75 05/15/55</title>
        <cusip>912810UK2</cusip>
        <identifiers>
          <isin value="US912810UK24"/>
          <ticker value="T"/>
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        <balance>223000</balance>
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        <curCd>USD</curCd>
        <valUSD>218017.34</valUSD>
        <pctVal>0.0226289644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>SAGB 8.5 01/31/37 2037</title>
        <cusip>S69124TY1</cusip>
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          <isin value="ZAG000107012"/>
          <ticker value="SOAF"/>
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        <balance>3791671</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
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        <pctVal>0.0244665984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-31</maturityDt>
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        <name>United States Treasury Notes</name>
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        <name>Oneok Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 04/30/28</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PORT AUTH N Y &amp; N J</name>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.375 08/15/50</title>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.25 05/31/28</title>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.375 07/15/27</title>
        <cusip>91282CKZ3</cusip>
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          <ticker value="T"/>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC V8.45 11/01/55</title>
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        <name>AusNet Services Holdings Pty Ltd.</name>
        <lei>TTMIG9TE1S0X3ZPDHD61</lei>
        <title>ANVAU F 02/04/56 mtn</title>
        <cusip>Q0708RBS5</cusip>
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        <invCountry>AU</invCountry>
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        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 2.5 11/17/29</title>
        <cusip>Y603CLBA1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Blackrock Allocation Target Shs</name>
        <lei>549300R5YFYF3PL2MC94</lei>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Bonds</name>
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        <name>ContourGlobal Power Holdings S.A.</name>
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        <invCountry>LU</invCountry>

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        <name>Altria Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 02/15/53</title>
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          <isin value="US912810TN81"/>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Turkey (Republic of)</name>
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        <name>CSMC 2022-NQM6 TRUST VAR</name>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>CALIFORNIA ST</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H030625</cusip>
        <identifiers>
          <isin value="US21H0306256"/>
          <ticker value="GNR"/>
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        <balance>827000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>746573.9</valUSD>
        <pctVal>0.0774901400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>NY MTATRN 6.67 11/15/2039</title>
        <cusip>59259YBY4</cusip>
        <identifiers>
          <isin value="US59259YBY41"/>
          <ticker value="MTATRN"/>
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        <balance>70000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75778.28</valUSD>
        <pctVal>0.0078653560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.668000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MUNICIPAL ELEC AUTH GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>GA MELPWR 6.64 04/01/2057</title>
        <cusip>626207YF5</cusip>
        <identifiers>
          <isin value="US626207YF57"/>
          <ticker value="MELPWR"/>
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        <balance>38000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41041.46</valUSD>
        <pctVal>0.0042598710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.637000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F030629</cusip>
        <identifiers>
          <isin value="US01F0306294"/>
          <ticker value="FNMA"/>
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        <balance>8562700</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7588154.11</valUSD>
        <pctVal>0.7876073952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 02/28/30</title>
        <cusip>91282CGQ8</cusip>
        <identifiers>
          <isin value="US91282CGQ87"/>
          <ticker value="T"/>
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        <balance>1408000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1422245</valUSD>
        <pctVal>0.1476209713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 4 06/17/55</title>
        <cusip>Y6065BSX6</cusip>
        <identifiers>
          <isin value="TH0623A35601"/>
          <ticker value="THAIGB"/>
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        <balance>59000</balance>
        <units>PA</units>
        <currencyConditional curCd="THB" exchangeRt="31.465"/>
        <valUSD>2276.6</valUSD>
        <pctVal>0.0002362982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F040628</cusip>
        <identifiers>
          <isin value="US01F0406284"/>
          <ticker value="FNMA"/>
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        <balance>-2304000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2200160.13</valUSD>
        <pctVal>-0.2283641534</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>NEW JERSEY ST TPK AUTH</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>NJ NJSTRN 7.41 01/01/2040</title>
        <cusip>646139W35</cusip>
        <identifiers>
          <isin value="US646139W353"/>
          <ticker value="NJSTRN"/>
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        <balance>106000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125814.29</valUSD>
        <pctVal>0.0130588103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.414000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 11/15/40</title>
        <cusip>912810QL5</cusip>
        <identifiers>
          <isin value="US912810QL52"/>
          <ticker value="T"/>
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        <balance>1012700</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>972943.62</valUSD>
        <pctVal>0.1009860342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.5 12/31/31</title>
        <cusip>91282CMC2</cusip>
        <identifiers>
          <isin value="US91282CMC28"/>
          <ticker value="T"/>
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        <balance>487100</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501922.3</valUSD>
        <pctVal>0.0520966904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SLAM 2021-1 LLC</name>
        <lei>N/A</lei>
        <title>SLAM 2021-1A A</title>
        <cusip>78449AAA0</cusip>
        <identifiers>
          <isin value="US78449AAA07"/>
          <ticker value="SLAM"/>
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        <balance>711100</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>679785.29</valUSD>
        <pctVal>0.0705578608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.434000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 5.875 01/25/34</title>
        <cusip>350930AA1</cusip>
        <identifiers>
          <isin value="US350930AA10"/>
          <ticker value="FABSJV"/>
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        <balance>650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>671882.43</valUSD>
        <pctVal>0.0697375887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN 4.55 03/15/52</title>
        <cusip>775109CK5</cusip>
        <identifiers>
          <isin value="US775109CK50"/>
          <ticker value="RCICN"/>
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        <balance>335000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270175.09</valUSD>
        <pctVal>0.0280426433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000</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>Mutual of Omaha Insurance Co</name>
        <lei>P2LER0UPV1DKOU8RO042</lei>
        <title>MUTOMA V6.144 01/16/64 144A</title>
        <cusip>628312AE0</cusip>
        <identifiers>
          <isin value="US628312AE05"/>
          <ticker value="MUTOMA"/>
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        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340593.79</valUSD>
        <pctVal>0.0353517053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.144000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.831 04/19/35</title>
        <cusip>61747YFR1</cusip>
        <identifiers>
          <isin value="US61747YFR18"/>
          <ticker value="MS"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338480.98</valUSD>
        <pctVal>0.0351324076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.831000000000</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>MIDCAP FUNDING TL</name>
        <lei>N/A</lei>
        <title>MIDCAP FUNDING TL</title>
        <cusip>59568AAB3</cusip>
        <identifiers>
          <isin value="US59568AAB35"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244062.5</valUSD>
        <pctVal>0.0253323044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MQGAU V5.642 08/13/36 144A</title>
        <cusip>556079AG6</cusip>
        <identifiers>
          <isin value="US556079AG66"/>
          <ticker value="MQGAU"/>
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        <balance>950000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>964209.05</valUSD>
        <pctVal>0.1000794353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.642000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="989966.220000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QZ9140</title>
        <cusip>31427KEN1</cusip>
        <identifiers>
          <isin value="US31427KEN19"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>44005.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45246.16</valUSD>
        <pctVal>0.0046962950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>BNSF 5.15 09/01/43</title>
        <cusip>12189LAP6</cusip>
        <identifiers>
          <isin value="US12189LAP67"/>
          <ticker value="BNSF"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96894.89</valUSD>
        <pctVal>0.0100571405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 6.2 09/15/55</title>
        <cusip>126650EL0</cusip>
        <identifiers>
          <isin value="US126650EL07"/>
          <ticker value="CVS"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50497.53</valUSD>
        <pctVal>0.0052413574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</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>ENTAIN HLDNGS LTD TL</name>
        <lei>N/A</lei>
        <title>ENTAIN HLDNGS LTD TL</title>
        <cusip>LX2670995</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="IDII" value="LX267099"/>
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        <balance>324187.5</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>323377.03</valUSD>
        <pctVal>0.0335647032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>Plains All American Pipeline L.P.</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PAA 5.6 01/15/36</title>
        <cusip>72650RBS0</cusip>
        <identifiers>
          <isin value="US72650RBS04"/>
          <ticker value="PAA"/>
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        <balance>375000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380464.13</valUSD>
        <pctVal>0.0394900206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</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>Sumitomo Life Insurance Co.</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>SUMILF V5.875 09/10/55 144A</title>
        <cusip>86564CAF7</cusip>
        <identifiers>
          <isin value="US86564CAF77"/>
          <ticker value="SUMILF"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201181.6</valUSD>
        <pctVal>0.0208815100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</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>CERBERUS LOAN FUNDING 52 LLC</name>
        <lei>N/A</lei>
        <title>CERB 2025-3A A</title>
        <cusip>15675MAA1</cusip>
        <identifiers>
          <isin value="US15675MAA18"/>
          <ticker value="CERB"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>402001.16</valUSD>
        <pctVal>0.0417254423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>ARES DIRECT LENDING CLO 6 LLC</name>
        <lei>N/A</lei>
        <title>ARESDL 2025-2A B</title>
        <cusip>039960AE9</cusip>
        <identifiers>
          <isin value="US039960AE91"/>
          <ticker value="ARESDL"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>750444.9</valUSD>
        <pctVal>0.0778919279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL3338</title>
        <cusip>31427QV82</cusip>
        <identifiers>
          <isin value="US31427QV828"/>
          <ticker value="FHLMC"/>
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        <balance>130661.16</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134376.1</valUSD>
        <pctVal>0.0139474777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 6.1 10/15/55</title>
        <cusip>694308KZ9</cusip>
        <identifiers>
          <isin value="US694308KZ97"/>
          <ticker value="PCG"/>
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        <balance>389000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383085.12</valUSD>
        <pctVal>0.0397620645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.100000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triton Container International Limited / TAL International Container Corporation</name>
        <lei>549300O4LZFLCX53XZ54</lei>
        <title>TRTN 5.15 02/15/33</title>
        <cusip>89681LAC6</cusip>
        <identifiers>
          <isin value="US89681LAC63"/>
          <ticker value="TRTN"/>
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        <balance>140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139358.86</valUSD>
        <pctVal>0.0144646599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000</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>Penn Mutual Life Insurance Co.</name>
        <lei>BIYXEJSLUQ3IWFUXX074</lei>
        <title>PMUL 3.8 04/29/61 144A</title>
        <cusip>707567AE3</cusip>
        <identifiers>
          <isin value="US707567AE33"/>
          <ticker value="PMUL"/>
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        <balance>510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338535.28</valUSD>
        <pctVal>0.0351380436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="255418.670000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MAPS TRUST</name>
        <lei>N/A</lei>
        <title>MAPSL 2021-1A A</title>
        <cusip>55292RAA9</cusip>
        <identifiers>
          <isin value="US55292RAA95"/>
          <ticker value="MAPSL"/>
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        <balance>1445489.3</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1391169.69</valUSD>
        <pctVal>0.1443955302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.521000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Air Lines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>UAL 5.8 01/15/36</title>
        <cusip>90932LAJ6</cusip>
        <identifiers>
          <isin value="US90932LAJ61"/>
          <ticker value="UAL"/>
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        <balance>309613.52</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>323683.75</valUSD>
        <pctVal>0.0335965390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</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>Venture Global LNG Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG 9.5 02/01/29 144A</title>
        <cusip>92332YAC5</cusip>
        <identifiers>
          <isin value="US92332YAC57"/>
          <ticker value="VENLNG"/>
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        <balance>510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>543083.7</valUSD>
        <pctVal>0.0563690105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="101187.710000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Polaris Inc.</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>PII 6.95 03/15/29</title>
        <cusip>731068AA0</cusip>
        <identifiers>
          <isin value="US731068AA07"/>
          <ticker value="PII"/>
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        <balance>310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329587.17</valUSD>
        <pctVal>0.0342092805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.950000000000</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>Cheniere Energy Partners Lp</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CQP 5.95 06/30/33</title>
        <cusip>16411QAQ4</cusip>
        <identifiers>
          <isin value="US16411QAQ47"/>
          <ticker value="CQP"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>339037.2</valUSD>
        <pctVal>0.0351901401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Air Canada</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>Air Canada Term Loan B 175 2031-03-01</title>
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        <valUSD>99875</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Atlassian Corporation</name>
        <lei>549300V7ZY5P02D2MY38</lei>
        <title>TEAM 5.5 05/15/34</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>DINO 5.5 09/01/32</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 5.4 10/15/35</title>
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        <curCd>USD</curCd>
        <valUSD>277346.43</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Brookfield Finance Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <name>The Bank of New York Mellon Corp.</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>QTS THUNDER 5.42%</name>
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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>PROVIDENT FUNDING MORTGAGE TRUST 2025-4</name>
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        <title>PFMT 2025-4 A4</title>
        <cusip>74387AAD7</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARES DIRECT LENDING CLO 6 LLC</name>
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        <name>PFP 2026-13 LTD</name>
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        <name>PartnerRe Finance B LLC</name>
        <lei>549300O0FAGHK2F79881</lei>
        <title>PRE V4.5 10/01/50</title>
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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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4624</title>
        <cusip>31418ED64</cusip>
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          <isin value="US31418ED649"/>
          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V4.375 PERP EMTN</title>
        <cusip>F2893TCE4</cusip>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5468 WF</title>
        <cusip>3137HHC58</cusip>
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        <curCd>USD</curCd>
        <valUSD>162665.37</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.797280000000</annualizedRt>
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      <invstOrSec>
        <name>Host Hotels &amp; Resorts, L.P.</name>
        <lei>FXB7X4WXVA8QPMNOGS12</lei>
        <title>HST 5.7 07/01/34</title>
        <cusip>44107TBB1</cusip>
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          <ticker value="HST"/>
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        <curCd>USD</curCd>
        <valUSD>856567.77</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000</annualizedRt>
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      <invstOrSec>
        <name>Obsidian Issuer 2025-1 LLC</name>
        <lei>N/A</lei>
        <title>OBSI 2025-1A A</title>
        <cusip>67449HAA8</cusip>
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          <ticker value="OBSI"/>
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        <curCd>USD</curCd>
        <valUSD>909281.25</valUSD>
        <pctVal>0.0943782409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.933000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SERVICE EXPERTS ISSUER 2025-1 LLC</name>
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        <name>DYAL CAP IV B 5.94%</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DYAL CAP IV A 5.94%</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Argentum Netherlands B.V.</name>
        <lei>724500RPEZI5VVQQWE89</lei>
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      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANLN V4.644 04/01/31 144A</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Nationwide Mutual Insurance Co.</name>
        <lei>Z7LVXXWM8HZPKF5T2355</lei>
        <title>NATMUT 4.35 04/30/50 144A</title>
        <cusip>638671AN7</cusip>
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          <isin value="US638671AN73"/>
          <ticker value="NATMUT"/>
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        <balance>650000</balance>
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        <curCd>USD</curCd>
        <valUSD>508838.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.350000000000</annualizedRt>
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      <invstOrSec>
        <name>Universal Health Services, Inc.</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>UHS 2.65 10/15/30</title>
        <cusip>913903AW0</cusip>
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        <curCd>USD</curCd>
        <valUSD>337367.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 6.4 01/25/38</title>
        <cusip>350930AE3</cusip>
        <identifiers>
          <isin value="US350930AE32"/>
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        <balance>200000</balance>
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        <curCd>USD</curCd>
        <valUSD>214092.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.400000000000</annualizedRt>
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      <invstOrSec>
        <name>TPG Operating Group II LP</name>
        <lei>2549001H9RJQNZT7MU11</lei>
        <title>TPG 5.375 01/15/36</title>
        <cusip>872652AB8</cusip>
        <identifiers>
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          <ticker value="TPG"/>
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        <balance>577000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>572888.09</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>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pennymac Financial Services Inc</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PFSI 6.75 02/15/34 144A</title>
        <cusip>70932MAH0</cusip>
        <identifiers>
          <isin value="US70932MAH07"/>
          <ticker value="PFSI"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151370.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sierra Pacific Power Company</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
        <title>BRKHEC V6.2 12/15/55</title>
        <cusip>826418BR5</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Taco Bell Funding Llc</name>
        <lei>N/A</lei>
        <title>BELL 2025-1A A2I</title>
        <cusip>87342RAK0</cusip>
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          <ticker value="BELL"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>248736.33</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>4.821000000000</annualizedRt>
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      <invstOrSec>
        <name>PCI Gaming</name>
        <lei>N/A</lei>
        <title>PCI Gaming Term Loan B 300 2026-04-22</title>
        <cusip>70455DAG9</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Accident Fund Insurance Co of America</name>
        <lei>2549009NUX96RJZ6DQ30</lei>
        <title>AFICOA 8.5 08/01/32 144A</title>
        <cusip>00452AAA8</cusip>
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      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCGEN V5.519 01/19/28 144A</title>
        <cusip>83368RBV3</cusip>
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          <isin value="US83368RBV33"/>
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        <curCd>USD</curCd>
        <valUSD>405134.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>FUN 6.625 05/01/32 144A</title>
        <cusip>83002YAA7</cusip>
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          <isin value="US83002YAA73"/>
          <ticker value="FUN"/>
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        <curCd>USD</curCd>
        <valUSD>919658.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>WPP Finance 2013</name>
        <lei>549300L84EKSLWWPGI24</lei>
        <title>WPPLN 3.625 06/09/31 EMTN</title>
        <cusip>G70783AK4</cusip>
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          <isin value="XS3239332359"/>
          <ticker value="WPPLN"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Miguel Global Power Holdings Corp.</name>
        <lei>549300HBCE80QXKII590</lei>
        <title>SMCGL V8.375 PERP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS3242497538"/>
          <ticker value="SMCGL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203155.45</valUSD>
        <pctVal>0.0210863844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO 6.45 06/15/34</title>
        <cusip>12621EAM5</cusip>
        <identifiers>
          <isin value="US12621EAM57"/>
          <ticker value="CNO"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338215.24</valUSD>
        <pctVal>0.0351048253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.450000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TERMINAL INVT 5.63%</name>
        <lei>N/A</lei>
        <title>TERMINAL INVT 5.63%</title>
        <cusip>87299BMD1</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="5B1SWXU"/>
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        <balance>600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626824.33</valUSD>
        <pctVal>0.0650608133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Taco Bell Funding Llc</name>
        <lei>N/A</lei>
        <title>BELL 2025-1A A2II</title>
        <cusip>87342RAL8</cusip>
        <identifiers>
          <isin value="US87342RAL87"/>
          <ticker value="BELL"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249437.1</valUSD>
        <pctVal>0.0258901574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.049000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DAE Funding LLC</name>
        <lei>635400SZTPQL3Y1P2C76</lei>
        <title>DUBAEE 4.95 01/15/33 144A</title>
        <cusip>23371DAM6</cusip>
        <identifiers>
          <isin value="US23371DAM65"/>
          <ticker value="DUBAEE"/>
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        <balance>240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236857.99</valUSD>
        <pctVal>0.0245845171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="237451.990000000000"/>
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      <invstOrSec>
        <name>JBS NV / JBS USA Food Co Holdings Inc. / JBS USA Foods Group Holdings Inc.</name>
        <lei>RB8RC03FUD8DSX57C193</lei>
        <title>JBS 5.5 01/15/36</title>
        <cusip>472140AF9</cusip>
        <identifiers>
          <isin value="US472140AF96"/>
          <ticker value="JBS"/>
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        <balance>525000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>532838.25</valUSD>
        <pctVal>0.0553055908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>Brookfield Capital Finance LLC</name>
        <lei>N/A</lei>
        <title>BNCN 6.087 06/14/33</title>
        <cusip>11259NAA2</cusip>
        <identifiers>
          <isin value="US11259NAA28"/>
          <ticker value="BNCN"/>
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        <balance>310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>330798.59</valUSD>
        <pctVal>0.0343350190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.087000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 4 12/01/46</title>
        <cusip>694308HR1</cusip>
        <identifiers>
          <isin value="US694308HR19"/>
          <ticker value="PCG"/>
        </identifiers>
        <balance>91000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68438.78</valUSD>
        <pctVal>0.0071035575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AW4229</title>
        <cusip>3138XTVX0</cusip>
        <identifiers>
          <isin value="US3138XTVX03"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>9155.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9013.52</valUSD>
        <pctVal>0.0009355523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Flutter Treasury Designated Activity Co.</name>
        <lei>635400JE8VLL9UFVIC38</lei>
        <title>FLTR 6.375 04/29/29 144a</title>
        <cusip>344045AA7</cusip>
        <identifiers>
          <isin value="US344045AA72"/>
          <ticker value="FLTR"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329902.4</valUSD>
        <pctVal>0.0342419996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.75 11/01/37</title>
        <cusip>361841AW9</cusip>
        <identifiers>
          <isin value="US361841AW92"/>
          <ticker value="GLPI"/>
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        <balance>525000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>520790.24</valUSD>
        <pctVal>0.0540550756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>Gcat 2025-INV3 Trust</name>
        <lei>N/A</lei>
        <title>GCAT 2025-INV3 A5</title>
        <cusip>36831DAE0</cusip>
        <identifiers>
          <isin value="US36831DAE04"/>
          <ticker value="GCAT"/>
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        <balance>354395.7</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361919.02</valUSD>
        <pctVal>0.0375651433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000</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>STATION PLACE SECURIT FRN</name>
        <lei>N/A</lei>
        <title>STATION PLACE SECURIT FRN</title>
        <cusip>857936AA6</cusip>
        <identifiers>
          <isin value="US857936AA67"/>
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        <balance>1750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1750000</valUSD>
        <pctVal>0.1816400829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.8225888</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA3094</title>
        <cusip>3140QANL0</cusip>
        <identifiers>
          <isin value="US3140QANL03"/>
          <ticker value="FNMA"/>
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        <balance>198488.55</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198996.72</valUSD>
        <pctVal>0.0206547318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.875 11/15/51</title>
        <cusip>912810TB4</cusip>
        <identifiers>
          <isin value="US912810TB44"/>
          <ticker value="T"/>
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        <balance>1164000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>640927.5</valUSD>
        <pctVal>0.0665246424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</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>Cellnex Finance Company S.A.U.</name>
        <lei>549300OUROMFTRFA7T23</lei>
        <title>CLNXSM 3.875 01/19/36 EMTN</title>
        <cusip>E2R41NAK8</cusip>
        <identifiers>
          <isin value="XS3267911645"/>
          <ticker value="CLNXSM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>117280.26</valUSD>
        <pctVal>0.0121730264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</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>Lebanese Republic</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>LEBAN 6.25 11/04/24 GMTN</title>
        <cusip>M8787UAM3</cusip>
        <identifiers>
          <isin value="XS1313647841"/>
          <ticker value="LEBAN"/>
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        <balance>18000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5266.26</valUSD>
        <pctVal>0.0005466079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 7.15 01/15/51</title>
        <cusip>682680BF9</cusip>
        <identifiers>
          <isin value="US682680BF95"/>
          <ticker value="OKE"/>
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        <balance>300000</balance>
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        <curCd>USD</curCd>
        <valUSD>333843.13</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTG 4.75 04/15/29 144A</title>
        <cusip>29365BAA1</cusip>
        <identifiers>
          <isin value="US29365BAA17"/>
          <ticker value="ENTG"/>
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        <balance>540000</balance>
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        <curCd>USD</curCd>
        <valUSD>539591.76</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Munich Reinsurance AG</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>MUNRE V5.875 05/23/42 144A</title>
        <cusip>62582PAA8</cusip>
        <identifiers>
          <isin value="US62582PAA84"/>
          <ticker value="MUNRE"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>418116.95</valUSD>
        <pctVal>0.0433981700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dow Chemical Co. (The)</name>
        <lei>ZQUIP1CSZO8LXRBSOU78</lei>
        <title>DOW 6.9 05/15/53</title>
        <cusip>260543DH3</cusip>
        <identifiers>
          <isin value="US260543DH36"/>
          <ticker value="DOW"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207610.77</valUSD>
        <pctVal>0.0215488214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.900000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Five Guys Funding LLC</name>
        <lei>549300LV8X8T05G1H175</lei>
        <title>GUYS 2023-1A A2</title>
        <cusip>33830JAE5</cusip>
        <identifiers>
          <isin value="US33830JAE55"/>
          <ticker value="GUYS"/>
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        <balance>296250</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304419.15</valUSD>
        <pctVal>0.0315969827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.549000000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.942 02/07/39</title>
        <cusip>61747YFM2</cusip>
        <identifiers>
          <isin value="US61747YFM21"/>
          <ticker value="MS"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334865.99</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-07</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TPG Operating Group II LP</name>
        <lei>2549001H9RJQNZT7MU11</lei>
        <title>TPG 5.875 03/05/34</title>
        <cusip>872652AA0</cusip>
        <identifiers>
          <isin value="US872652AA01"/>
          <ticker value="TPG"/>
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        <balance>247000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256705.97</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>2034-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GXO Logistics Inc.</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO 6.25 05/06/29</title>
        <cusip>36262GAF8</cusip>
        <identifiers>
          <isin value="US36262GAF81"/>
          <ticker value="GXO"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>337552.63</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>2029-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Reinsurance Group of America, Incorporated</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>RGA 5.75 09/15/34</title>
        <cusip>759351AS8</cusip>
        <identifiers>
          <isin value="US759351AS87"/>
          <ticker value="RGA"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332793.72</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>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOMES 2025-NQM4 TRUST</name>
        <lei>N/A</lei>
        <title>HOMES 2025-NQM4 A3</title>
        <cusip>403958AE1</cusip>
        <identifiers>
          <isin value="US403958AE10"/>
          <ticker value="HOMES"/>
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        <balance>922920.34</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>932146.68</valUSD>
        <pctVal>0.0967515430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.677000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vantage Data Centers Issuer</name>
        <lei>N/A</lei>
        <title>VDC 2025-1A A2</title>
        <cusip>92212KAH9</cusip>
        <identifiers>
          <isin value="US92212KAH95"/>
          <ticker value="VDC"/>
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        <balance>850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843234.94</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.132000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American National Group Inc.</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>ANGINC V7 12/01/55</title>
        <cusip>025676AR8</cusip>
        <identifiers>
          <isin value="US025676AR82"/>
          <ticker value="ANGINC"/>
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        <balance>275000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277725.25</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>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0212</title>
        <cusip>3140XFGW5</cusip>
        <identifiers>
          <isin value="US3140XFGW54"/>
          <ticker value="FNMA"/>
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        <balance>196475.87</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162180.12</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0732</title>
        <cusip>3132DMY58</cusip>
        <identifiers>
          <isin value="US3132DMY580"/>
          <ticker value="FHLMC"/>
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        <balance>131519.75</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108469.63</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bravo Residential Funding Trust 2025-NQM8</name>
        <lei>254900Z6C8GAQR4M4U49</lei>
        <title>BRAVO 2025-NQM8 A2</title>
        <cusip>10571JAD8</cusip>
        <identifiers>
          <isin value="US10571JAD81"/>
          <ticker value="BRAVO"/>
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        <balance>753384.53</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>757260.84</valUSD>
        <pctVal>0.0785993839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.285000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Trustage Financial Group Inc</name>
        <lei>549300X7YNHNZXTI6F10</lei>
        <title>CUNAMU 4.625 04/15/32 144A</title>
        <cusip>89787EAA9</cusip>
        <identifiers>
          <isin value="US89787EAA91"/>
          <ticker value="CUNAMU"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>340820.45</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boardwalk Pipelines LP</name>
        <lei>549300W6AQ2GHHCGL606</lei>
        <title>BWP 5.625 08/01/34</title>
        <cusip>096630AK4</cusip>
        <identifiers>
          <isin value="US096630AK44"/>
          <ticker value="BWP"/>
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        <balance>330000</balance>
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        <curCd>USD</curCd>
        <valUSD>344328.12</valUSD>
        <pctVal>0.0357393076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</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>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN 5.625 04/05/34</title>
        <cusip>29250NCC7</cusip>
        <identifiers>
          <isin value="US29250NCC74"/>
          <ticker value="ENBCN"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333214.87</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen LLC</name>
        <lei>N/A</lei>
        <title>TIAAGL 5.85 04/15/34 144A</title>
        <cusip>67080LAD7</cusip>
        <identifiers>
          <isin value="US67080LAD73"/>
          <ticker value="TIAAGL"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335543.99</valUSD>
        <pctVal>0.0348275647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.850000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 5.4 09/15/35</title>
        <cusip>55336VCC2</cusip>
        <identifiers>
          <isin value="US55336VCC28"/>
          <ticker value="MPLX"/>
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        <balance>525000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529328.03</valUSD>
        <pctVal>0.0549412499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2025-7</name>
        <lei>213800OVCAXDOBS94P47</lei>
        <title>VERUS 2025-7 A3</title>
        <cusip>924931AG3</cusip>
        <identifiers>
          <isin value="US924931AG31"/>
          <ticker value="VERUS"/>
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        <balance>955651.55</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>962113.28</valUSD>
        <pctVal>0.0998619062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.535000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 6.25 10/15/55</title>
        <cusip>682680DD2</cusip>
        <identifiers>
          <isin value="US682680DD20"/>
          <ticker value="OKE"/>
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        <balance>275000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276481.55</valUSD>
        <pctVal>0.0286972181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="284788.820000000000"/>
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      <invstOrSec>
        <name>Evergy Metro Inc.</name>
        <lei>1128SIJQ26096WL7IO82</lei>
        <title>EVRG 5.125 08/15/35</title>
        <cusip>30037DAE5</cusip>
        <identifiers>
          <isin value="US30037DAE58"/>
          <ticker value="EVRG"/>
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        <balance>875000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>883667.14</valUSD>
        <pctVal>0.0917196415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX 6.2 09/15/55</title>
        <cusip>55336VCD0</cusip>
        <identifiers>
          <isin value="US55336VCD01"/>
          <ticker value="MPLX"/>
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        <balance>325000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325016.49</valUSD>
        <pctVal>0.0337348698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 4.3 03/15/45</title>
        <cusip>694308HL4</cusip>
        <identifiers>
          <isin value="US694308HL49"/>
          <ticker value="PCG"/>
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        <balance>22000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17495.46</valUSD>
        <pctVal>0.0018159296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.300000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Panama (Republic of)</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>PANAMA 3.875 03/17/28</title>
        <cusip>698299BF0</cusip>
        <identifiers>
          <isin value="US698299BF03"/>
          <ticker value="PANAMA"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196260</valUSD>
        <pctVal>0.0203706758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5771</title>
        <cusip>3140X9MV4</cusip>
        <identifiers>
          <isin value="US3140X9MV40"/>
          <ticker value="FNMA"/>
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        <balance>4111.6</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3963.09</valUSD>
        <pctVal>0.0004113463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB8874</title>
        <cusip>3140QU2G0</cusip>
        <identifiers>
          <isin value="US3140QU2G01"/>
          <ticker value="FNMA"/>
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        <balance>494240.58</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512105.45</valUSD>
        <pctVal>0.0531536437</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5304</title>
        <cusip>3140J93N9</cusip>
        <identifiers>
          <isin value="US3140J93N98"/>
          <ticker value="FNMA"/>
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        <balance>12407.32</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12156.47</valUSD>
        <pctVal>0.0012617727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>245 Park Avenue Trust 2017</name>
        <lei>N/A</lei>
        <title>PRKAV 2017-245P E</title>
        <cusip>90187LAN9</cusip>
        <identifiers>
          <isin value="US90187LAN91"/>
          <ticker value="PRKAV"/>
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        <balance>740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>712591.81</valUSD>
        <pctVal>0.0739629917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.657400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oeg Finance PLC</name>
        <lei>254900KMBHWF9UK63G44</lei>
        <title>OEGFIN 7.25 09/27/29 REGS</title>
        <cusip>G670A8AA2</cusip>
        <identifiers>
          <isin value="XS2906227785"/>
          <ticker value="OEGFIN"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0128925349</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paprec Holding S.A</name>
        <lei>969500ASAFSVN9KVC873</lei>
        <title>PAPREC 4.125 07/15/30 REGS</title>
        <cusip>F6902FAK2</cusip>
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          <isin value="XS3111830959"/>
          <ticker value="PAPREC"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0124061588</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5508 FE</title>
        <cusip>3137HJGG6</cusip>
        <identifiers>
          <isin value="US3137HJGG63"/>
          <ticker value="FHR"/>
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        <balance>123715.35</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125542.8</valUSD>
        <pctVal>0.0130306312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.297280000000</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>SJM International Ltd.</name>
        <lei>254900D15HMHW0MJ6N62</lei>
        <title>SJMHOL 6.5 01/15/31</title>
        <cusip>G817BXAA3</cusip>
        <identifiers>
          <isin value="XS3267117995"/>
          <ticker value="SJMHOL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198810.04</valUSD>
        <pctVal>0.0206353555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>Pacific Gas and Electric Company</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
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        <name>Corporacion Nacional del Cobre de Chile</name>
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        <name>VELOCITY COMMERCIAL CAPITAL LOAN TR</name>
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        <name>YPF Sociedad Anonima</name>
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      <invstOrSec>
        <name>Impac Secured Assets Corp Mortgage Pass Through Certificates Series 2006-3</name>
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        <name>Paramount Global</name>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMZN 5.45 11/20/55</title>
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        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <name>Grifols S.A.</name>
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        <name>Thailand (Kingdom Of)</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM4</name>
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        <title>NRZT 2025-NQM4 A1</title>
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        <name>Sirius Xm Radio Inc</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>SIRI 5 08/01/27 144A</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3239</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AX6435</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>ANGEL OAK MORTGAGE TRUST 2025-8</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Comcast Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912810RC45"/>
          <ticker value="T"/>
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        <name>United States Treasury Notes</name>
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          <ticker value="T"/>
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        <name>Apple Inc.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7070</title>
        <cusip>3140QE2C5</cusip>
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          <ticker value="FNMA"/>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR ZS9068</title>
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          <ticker value="FHLMC"/>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Barbados (Government Of)</name>
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        <invCountry>BB</invCountry>
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        <name>Northern Institutional Funds</name>
        <lei>549300Y178DO5JBR1S04</lei>
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        <name>ZF Europe Finance B.V.</name>
        <lei>549300RI533US2G6G542</lei>
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        <name>Garfunkelux Holdco 3 SA</name>
        <lei>2221007QVSNJV7EWBX69</lei>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 12/31/26</title>
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        <name>United States Treasury Notes</name>
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        <name>Federal National Mortgage Association</name>
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        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH</name>
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          <isin value="US54627RAM25"/>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Bonds</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Summer (BC) Holdco B S.a r.l.</name>
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        <name>Egypt (Arab Republic of)</name>
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        <name>Option One Mortgage Loan Trust</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY CALIF</name>
        <lei>RRR42I7GG51DB5HDQR14</lei>
        <title>CA UNVHGR 4.86 05/15/2112</title>
        <cusip>91412GHA6</cusip>
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        <curCd>USD</curCd>
        <valUSD>20714.22</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2112-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lebanese Republic</name>
        <lei>529900QPC4K9S1KHL354</lei>
        <title>LEBAN 6.65 11/03/28 GMTN</title>
        <cusip>M8787UAP6</cusip>
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          <isin value="XS1313675974"/>
          <ticker value="LEBAN"/>
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        <curCd>USD</curCd>
        <valUSD>9493.02</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.650000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGN 4.663 06/15/51</title>
        <cusip>031162CF5</cusip>
        <identifiers>
          <isin value="US031162CF59"/>
          <ticker value="AMGN"/>
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        <balance>95000</balance>
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        <curCd>USD</curCd>
        <valUSD>81422.2</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>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.663000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BN1628</title>
        <cusip>3140JHY23</cusip>
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          <isin value="US3140JHY234"/>
          <ticker value="FNMA"/>
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        <balance>171072.82</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170326.04</valUSD>
        <pctVal>0.0176788777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 6.125 10/07/37 144A</title>
        <cusip>YK6552755</cusip>
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          <isin value="XS3198391511"/>
          <ticker value="ROMANI"/>
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        <balance>4000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0005125738</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dell International LLC / EMC Corp.</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>DELL 4.5 02/15/31</title>
        <cusip>24703DBS9</cusip>
        <identifiers>
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          <ticker value="DELL"/>
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        <curCd>USD</curCd>
        <valUSD>256327.1</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aaset 2025-1 Ltd / Aaset 2025-1 LLC</name>
        <lei>N/A</lei>
        <title>AASET 2025-1A A</title>
        <cusip>00258PAA1</cusip>
        <identifiers>
          <isin value="US00258PAA12"/>
          <ticker value="AASET"/>
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        <balance>251552.99</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256413.22</valUSD>
        <pctVal>0.0266142392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.943000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OWL ROCK CLO VII LTD</name>
        <lei>N/A</lei>
        <title>OR 2022-7A AR</title>
        <cusip>69121BAQ7</cusip>
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          <isin value="US69121BAQ77"/>
          <ticker value="OR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501917.5</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.067630000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust 2025-A</name>
        <lei>N/A</lei>
        <title>NSLT 2025-AA A1B</title>
        <cusip>64033XAE4</cusip>
        <identifiers>
          <isin value="US64033XAE40"/>
          <ticker value="NSLT"/>
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        <balance>90203.68</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89936.54</valUSD>
        <pctVal>0.0093349032</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.807350000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Octagon Investment Partners 41 Ltd. / Octagon Investment Partners 41 LLC</name>
        <lei>N/A</lei>
        <title>OCT41 2019-2A A1R2</title>
        <cusip>67592FBA6</cusip>
        <identifiers>
          <isin value="US67592FBA66"/>
          <ticker value="OCT41"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250275.1</valUSD>
        <pctVal>0.0259771371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.762190000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Heimstaden Bostad AB</name>
        <lei>549300TJR3PR8EXILG79</lei>
        <title>HEIBOS V6.25 PERP</title>
        <cusip>W4R92LGU8</cusip>
        <identifiers>
          <isin value="XS2930588657"/>
          <ticker value="HEIBOS"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>125691.43</valUSD>
        <pctVal>0.0130460582</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</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>Renault S.A.</name>
        <lei>969500F7JLTX36OUI695</lei>
        <title>RENAUL 3.875 09/30/30 EMTn</title>
        <cusip>F77098UJ2</cusip>
        <identifiers>
          <isin value="FR0014010DR1"/>
          <ticker value="RENAUL"/>
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        <balance>100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>119932.21</valUSD>
        <pctVal>0.0124482838</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V0 12/11/30 mTn</title>
        <cusip>17292GKU8</cusip>
        <identifiers>
          <isin value="US17292GKU84"/>
          <ticker value="C"/>
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        <balance>398000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>398000</valUSD>
        <pctVal>0.0413101446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5500 DF</title>
        <cusip>3137HJAC1</cusip>
        <identifiers>
          <isin value="US3137HJAC14"/>
          <ticker value="FHR"/>
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        <balance>110339.49</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111516.1</valUSD>
        <pctVal>0.0115747392</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.047280000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Equitable Holdings Inc</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQH V6.7 03/28/55</title>
        <cusip>29452EAD3</cusip>
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          <isin value="US29452EAD31"/>
          <ticker value="EQH"/>
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        <balance>410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430549.61</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>
          <annualizedRt>6.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>ESGR V7.5 04/01/45 144A</title>
        <cusip>29359UAD1</cusip>
        <identifiers>
          <isin value="US29359UAD19"/>
          <ticker value="ESGR"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333180.48</valUSD>
        <pctVal>0.0345822457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SL0386</title>
        <cusip>31427MNC1</cusip>
        <identifiers>
          <isin value="US31427MNC19"/>
          <ticker value="FHLMC"/>
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        <balance>26000.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26748.37</valUSD>
        <pctVal>0.0027763292</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Mexico (United Mexican States)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heathrow Finance PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Essendi SA</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>Prime Investment Partners Ltd.</name>
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        <name>Nissan Motor Co Ltd.</name>
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        <title>NSANY 6.375 07/17/33 RegS</title>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.875 09/26/45</title>
        <cusip>68389XDP7</cusip>
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        <curCd>USD</curCd>
        <valUSD>374020.57</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>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RJ1718</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Resurgent Trade and Investment Ltd.</name>
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        <curCd>USD</curCd>
        <valUSD>258000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2023-68 FB</title>
        <cusip>3136BQF38</cusip>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>FREMOR 6.875 05/01/31 144A</title>
        <cusip>35641AAE8</cusip>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <title>FHR 5478 FD</title>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UPS 5.25 05/14/35</title>
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        <valUSD>181292.92</valUSD>
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        <name>Ministerio de Hacienda y Credito Publico</name>
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        <invCountry>CO</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BJ0648</title>
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          <ticker value="FNMA"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citycon Treasury B.V.</name>
        <lei>549300WAE0CGQ0IE1H63</lei>
        <title>CITCON 5.375 07/08/31 EMTn</title>
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          <ticker value="CITCON"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allwyn Entertainment Financing (UK) PLC</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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      <invstOrSec>
        <name>FS RIALTO 2026-FL11 ISSUER LLC</name>
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      <invstOrSec>
        <name>FIGRE TRUST 2026-HE1</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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      <invstOrSec>
        <name>Mehilainen Yhtiot Oy</name>
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      <invstOrSec>
        <name>AusNet Services Holdings Pty Ltd.</name>
        <lei>TTMIG9TE1S0X3ZPDHD61</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NYMT LOAN TRUST 2026-INV1</name>
        <lei>254900KJ201MTW2K6G74</lei>
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        <curCd>USD</curCd>
        <valUSD>100284.91</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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        <name>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <name>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALIANT 7.375 10/01/32 144A</title>
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      <invstOrSec>
        <name>SILVER PT SCF CLO LTD 2025-5</name>
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        <title>SPCSL 2025-1A A1</title>
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        <invCountry>KY</invCountry>

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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CZR 6 10/15/32 144A</title>
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        <name>Egypt (Arab Republic of)</name>
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        <title>EGYGB 24.458 10/01/27 3Y</title>
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        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Wyeth LLC</name>
        <lei>549300Q9GR3WRH4N4836</lei>
        <title>PFE 6 02/15/36</title>
        <cusip>983024AL4</cusip>
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        <curCd>USD</curCd>
        <valUSD>277586.46</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>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 8.5 05/31/29 M</title>
        <cusip>P9767G6N6</cusip>
        <identifiers>
          <isin value="MX0MGO0000H9"/>
          <ticker value="MEX"/>
        </identifiers>
        <balance>52700</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>3064.62</valUSD>
        <pctVal>0.0003180902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</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>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>ZIGGO 5.25 01/15/33 REGS</title>
        <cusip>N9T19KAC3</cusip>
        <identifiers>
          <isin value="XS3181123129"/>
          <ticker value="ZIGGO"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>115218.56</valUSD>
        <pctVal>0.0119590336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 6.5 10/07/45 144A</title>
        <cusip>X7360WDR0</cusip>
        <identifiers>
          <isin value="XS3200183583"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>3000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>3714.66</valUSD>
        <pctVal>0.0003855607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOW 3.7 04/15/46</title>
        <cusip>548661DN4</cusip>
        <identifiers>
          <isin value="US548661DN40"/>
          <ticker value="LOW"/>
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        <balance>111000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84610.49</valUSD>
        <pctVal>0.0087820894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA3736</title>
        <cusip>36179SEH6</cusip>
        <identifiers>
          <isin value="US36179SEH67"/>
          <ticker value="GNR"/>
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        <balance>271620.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255346.75</valUSD>
        <pctVal>0.0265035456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM4614</title>
        <cusip>3140J9DU2</cusip>
        <identifiers>
          <isin value="US3140J9DU25"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>15348.77</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15023.18</valUSD>
        <pctVal>0.0015593209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>BENEFIT STREET PARTNERS CLO XXV LTD</name>
        <lei>N/A</lei>
        <title>BSP 2021-25A A1R</title>
        <cusip>08186YAL8</cusip>
        <identifiers>
          <isin value="US08186YAL83"/>
          <ticker value="BSP"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250136.68</valUSD>
        <pctVal>0.0259627699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.672190000000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V4.994 04/12/29 .</title>
        <cusip>61747YFY6</cusip>
        <identifiers>
          <isin value="US61747YFY68"/>
          <ticker value="MS"/>
        </identifiers>
        <balance>357000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>363531.39</valUSD>
        <pctVal>0.0377324982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.994000000000</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>Philippines (Republic Of)</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>RPGB 6.375 04/28/35 1073</title>
        <cusip>Y6972F5K2</cusip>
        <identifiers>
          <isin value="PH0000060345"/>
          <ticker value="PHILIP"/>
        </identifiers>
        <balance>11080000</balance>
        <units>PA</units>
        <currencyConditional curCd="PHP" exchangeRt="58.8805"/>
        <valUSD>194627.4</valUSD>
        <pctVal>0.0202012212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</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>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 6.125 09/30/30 144A</title>
        <cusip>65480CAL9</cusip>
        <identifiers>
          <isin value="US65480CAL90"/>
          <ticker value="NSANY"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99722.4</valUSD>
        <pctVal>0.0103506200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000</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>Ardagh Group S A</name>
        <lei>6354006L1NWUUOPYX274</lei>
        <title>ARGID 9.5 12/01/30 REGS</title>
        <cusip>L0223LAE1</cusip>
        <identifiers>
          <isin value="USL0223LAE13"/>
          <ticker value="ARGID"/>
        </identifiers>
        <balance>19000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20530.93</valUSD>
        <pctVal>0.0021309942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.500000000000</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>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 4.78 02/15/35</title>
        <cusip>92343VGY4</cusip>
        <identifiers>
          <isin value="US92343VGY48"/>
          <ticker value="VZ"/>
        </identifiers>
        <balance>130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127585.17</valUSD>
        <pctVal>0.0132426176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.780000000000</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>A&amp;D MORTGAGE TRUST 2026-NQM1</name>
        <lei>9845006Y6D399D9E8O78</lei>
        <title>ADMT 2026-NQM1 A1</title>
        <cusip>00040DAC7</cusip>
        <identifiers>
          <isin value="US00040DAC74"/>
          <ticker value="ADMT"/>
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        <balance>154992</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154762.3</valUSD>
        <pctVal>0.0160634497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.257000000000</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>Next Properties Trust 2401</name>
        <lei>254900QDKZ8ZURT6FD83</lei>
        <title>NEXTPR 7.7 01/23/32 144A</title>
        <cusip>89834MAB2</cusip>
        <identifiers>
          <isin value="US89834MAB28"/>
          <ticker value="NEXTPR"/>
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        <balance>293000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>321670.05</valUSD>
        <pctVal>0.0333875283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2023-35 FC</title>
        <cusip>3136BQEZ8</cusip>
        <identifiers>
          <isin value="US3136BQEZ86"/>
          <ticker value="FNMA"/>
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        <balance>173001.11</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174120.86</valUSD>
        <pctVal>0.0180727585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.797280000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATRIUM HOTEL PORTFOLIO TRUST 2024-A</name>
        <lei>N/A</lei>
        <title>AHPT 2024-ATRM A</title>
        <cusip>04963XAA2</cusip>
        <identifiers>
          <isin value="US04963XAA28"/>
          <ticker value="AHPT"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153224</valUSD>
        <pctVal>0.0159037829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.589527000000</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>Voya CLO 2015-3 Ltd.</name>
        <lei>254900MS3D9HONB0N824</lei>
        <title>VOYA 2015-3A A3R4</title>
        <cusip>92913UBN5</cusip>
        <identifiers>
          <isin value="US92913UBN54"/>
          <ticker value="VOYA"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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      </invstOrSec>
      <invstOrSec>
        <name>NELNET STUDENT LOAN TRUST 2025-B</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Avilease Capital Ltd.</name>
        <lei>635400SXOPVAVBWNE366</lei>
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          <isin value="US05370HAA14"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-12</maturityDt>
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      <invstOrSec>
        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 5.2 11/15/32</title>
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          <isin value="US37940XAX03"/>
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        <balance>275000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.200000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Argentina (Republic Of)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>ARGENT 1 07/09/29</title>
        <cusip>040114HX1</cusip>
        <identifiers>
          <isin value="US040114HX11"/>
          <ticker value="ARGENT"/>
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        <balance>2100</balance>
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        <curCd>USD</curCd>
        <valUSD>1848</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4181</title>
        <cusip>31418DUF7</cusip>
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          <isin value="US31418DUF76"/>
          <ticker value="FHLMC"/>
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        <balance>180183.35</balance>
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        <curCd>USD</curCd>
        <valUSD>139628.16</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corebridge Financial Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 PERP</title>
        <cusip>21871XAU3</cusip>
        <identifiers>
          <isin value="US21871XAU37"/>
          <ticker value="CRBG"/>
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        <balance>18000</balance>
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        <curCd>USD</curCd>
        <valUSD>18701.42</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>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kkr Clo 16 Ltd. / Kkr Clo 16 LLC</name>
        <lei>254900VCKMCY079T6M57</lei>
        <title>KKR 16 A2R3</title>
        <cusip>48251BBG4</cusip>
        <identifiers>
          <isin value="US48251BBG41"/>
          <ticker value="KKR"/>
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        <balance>300000</balance>
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        <curCd>USD</curCd>
        <valUSD>299039.07</valUSD>
        <pctVal>0.0310385608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA6994</title>
        <cusip>36179VXX3</cusip>
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          <isin value="US36179VXX36"/>
          <ticker value="GNR"/>
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        <balance>87793.52</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>STORE Capital Corp.</name>
        <lei>5493004EA6C9IHDZ7N66</lei>
        <title>STOR 2.75 11/18/30</title>
        <cusip>862121AC4</cusip>
        <identifiers>
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        <balance>98000</balance>
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        <curCd>USD</curCd>
        <valUSD>89268.63</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>2030-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8387</title>
        <cusip>3140QGJ99</cusip>
        <identifiers>
          <isin value="US3140QGJ992"/>
          <ticker value="FNMA"/>
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        <balance>265632.02</balance>
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        <curCd>USD</curCd>
        <valUSD>252013.57</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V3.785 03/17/33</title>
        <cusip>172967NN7</cusip>
        <identifiers>
          <isin value="US172967NN71"/>
          <ticker value="C"/>
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        <balance>370000</balance>
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        <curCd>USD</curCd>
        <valUSD>352051.01</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.785000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8592</title>
        <cusip>3140QGRN9</cusip>
        <identifiers>
          <isin value="US3140QGRN92"/>
          <ticker value="FNMA"/>
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        <balance>37937.43</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Secretaria Do Tesouro Nacional</name>
        <lei>N/A</lei>
        <title>BLTN 0 07/01/26 LTN</title>
        <cusip>P8T60NLM1</cusip>
        <identifiers>
          <isin value="BRSTNCLTN848"/>
          <ticker value="BLTN"/>
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        <balance>349000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6094</title>
        <cusip>3140QRXY4</cusip>
        <identifiers>
          <isin value="US3140QRXY49"/>
          <ticker value="FNMA"/>
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        <balance>122456.57</balance>
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        <valUSD>127632.19</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6329</title>
        <cusip>3140QSA76</cusip>
        <identifiers>
          <isin value="US3140QSA764"/>
          <ticker value="FNMA"/>
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        <balance>188860.77</balance>
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        <curCd>USD</curCd>
        <valUSD>196842.87</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>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6321</title>
        <cusip>3140QSAX9</cusip>
        <identifiers>
          <isin value="US3140QSAX95"/>
          <ticker value="FNMA"/>
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        <balance>240789.06</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS/Community Health Systems Inc</name>
        <lei>5493007X5NC5XI1BB106</lei>
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        <curCd>USD</curCd>
        <valUSD>104258.3</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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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <curCd>USD</curCd>
        <valUSD>227216.79</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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          <ticker value="PCG"/>
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        <balance>205000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197107.74</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley ABS Capital I Inc</name>
        <lei>549300RLSHIMYD3FZB52</lei>
        <title>MSAC 2006-HE8 A2FP</title>
        <cusip>61750SAB8</cusip>
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          <isin value="US61750SAB88"/>
          <ticker value="MSAC"/>
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        <balance>28950.5</balance>
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        <curCd>USD</curCd>
        <valUSD>12606.7</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Philippines (Republic Of)</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>PHILIP 3 02/01/28</title>
        <cusip>718286CC9</cusip>
        <identifiers>
          <isin value="US718286CC97"/>
          <ticker value="PHILIP"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196252.95</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA5019</title>
        <cusip>36179TSG1</cusip>
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          <isin value="US36179TSG12"/>
          <ticker value="GNR"/>
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        <balance>27439.06</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25678.64</valUSD>
        <pctVal>0.0026652973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 5.75 04/01/48</title>
        <cusip>161175BN3</cusip>
        <identifiers>
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          <ticker value="CHTR"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43016.62</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>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CWHL 2006-17 A6</title>
        <cusip>17025AAF9</cusip>
        <identifiers>
          <isin value="US17025AAF93"/>
          <ticker value="CWHL"/>
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        <balance>5091.22</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2206.44</valUSD>
        <pctVal>0.0002290160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MFA 2024-NPL1 LLC</name>
        <lei>N/A</lei>
        <title>MFRA 2024-NPL1 A1</title>
        <cusip>58004YAA7</cusip>
        <identifiers>
          <isin value="US58004YAA73"/>
          <ticker value="MFRA"/>
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        <balance>87698.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87832.66</valUSD>
        <pctVal>0.0091165324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.330000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4119</title>
        <cusip>31418DSH6</cusip>
        <identifiers>
          <isin value="US31418DSH60"/>
          <ticker value="FHLMC"/>
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        <balance>108217.55</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88781.8</valUSD>
        <pctVal>0.0092150477</pctVal>
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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>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Argentina (Republic Of)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>ARGENT 4.125 07/09/35</title>
        <cusip>040114HT0</cusip>
        <identifiers>
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          <ticker value="ARGENT"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25525.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-09</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Argentina (Republic Of)</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>ARGENT 3.5 07/09/41</title>
        <cusip>040114HV5</cusip>
        <identifiers>
          <isin value="US040114HV54"/>
          <ticker value="ARGENT"/>
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        <curCd>USD</curCd>
        <valUSD>15183</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7073</title>
        <cusip>3140QE2F8</cusip>
        <identifiers>
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          <ticker value="FNMA"/>
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        <balance>9308.83</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8966.68</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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5571 BA</title>
        <cusip>3137HMEB2</cusip>
        <identifiers>
          <isin value="US3137HMEB24"/>
          <ticker value="FHR"/>
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        <balance>629791.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630583.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      </invstOrSec>
      <invstOrSec>
        <name>CROSS 2025-H6 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CROSS 2025-H6 A2</title>
        <cusip>22758TAD6</cusip>
        <identifiers>
          <isin value="US22758TAD63"/>
          <ticker value="CROSS"/>
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        <balance>373905.87</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>377123.74</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.537000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark 2020-B21 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMARK 2020-B21 A5</title>
        <cusip>08163LAG4</cusip>
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          <isin value="US08163LAG41"/>
          <ticker value="BMARK"/>
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        <balance>16000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14192.98</valUSD>
        <pctVal>0.0014731509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.977500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA6388</title>
        <cusip>3133KNCZ4</cusip>
        <identifiers>
          <isin value="US3133KNCZ42"/>
          <ticker value="FHLMC"/>
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        <balance>467706.11</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2023-2</name>
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          <ticker value="VERUS"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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      <invstOrSec>
        <name>IRB Infrastructure Developers Ltd.</name>
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          <ticker value="IRBIN"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AOA TRUST 2025-1301</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MSCI Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
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          <isin value="US55354GAR11"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2418</title>
        <cusip>3140QMVL5</cusip>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8213</title>
        <cusip>3132DWDS9</cusip>
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          <isin value="US3132DWDS98"/>
          <ticker value="FHLMC"/>
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        <balance>219097.75</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DK TRUST 2025-LXP</name>
        <lei>N/A</lei>
        <title>DK 2025-LXP D</title>
        <cusip>23292LAG7</cusip>
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          <isin value="US23292LAG77"/>
          <ticker value="DK"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10031.25</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOPE GAS HLDGS LLC 6.18%</name>
        <lei>N/A</lei>
        <title>HOPE GAS HLDGS LLC 6.18%</title>
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        <valUSD>204724.87</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA9063</title>
        <cusip>3133KRB86</cusip>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>FUN 7.25 05/15/31 144A</title>
        <cusip>83001AAD4</cusip>
        <identifiers>
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          <ticker value="FUN"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98686.99</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Wendys Funding Llc</name>
        <lei>5493009DRVSTWJOXUL48</lei>
        <title>WEN 2025-1A A2I</title>
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        <identifiers>
          <isin value="US95058XAR98"/>
          <ticker value="WEN"/>
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        <curCd>USD</curCd>
        <valUSD>200216.18</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>ICE 3.625 09/01/28</title>
        <cusip>45866FBB9</cusip>
        <identifiers>
          <isin value="US45866FBB94"/>
          <ticker value="ICE"/>
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        <balance>540000</balance>
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        <curCd>USD</curCd>
        <valUSD>535807.39</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY0568</title>
        <cusip>3140NGT26</cusip>
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          <isin value="US3140NGT261"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>22899.75</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldstory SAS</name>
        <lei>969500NWR67ONUJD4A26</lei>
        <title>THOEUR 6.75 02/01/30 REGS</title>
        <cusip>F4R5A5AC7</cusip>
        <identifiers>
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          <ticker value="THOEUR"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.5 09/27/64</title>
        <cusip>68389XCV5</cusip>
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          <ticker value="ORCL"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Apcoa GmbH</name>
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      <invstOrSec>
        <name>Acres 2025-FL3 LLC</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Broadcom Inc</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <title>FHMR 2024-P015 A1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indymac Indx Mortgage Loan Trust 2006 Ar19</name>
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        <title>INDX 2006-AR41 A3</title>
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          <isin value="US45668NAC11"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Continuum Energy Petroleum Ltd.</name>
        <lei>984500AB52D7C8GC2E33</lei>
        <title>Continuum Energy Petroleum Ltd. 9.85% SNR NTS 11/09/2027 USD (144A)</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <name>FS Rialto 2024-Fl9 Issuer LLC</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>Federal Home Loan Banks</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>FG Q57853</title>
        <cusip>3132Y1WP9</cusip>
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          <ticker value="FHLB"/>
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      <invstOrSec>
        <name>Duke Energy Progress LLC</name>
        <lei>0NIFZ782LS46WOC9QK20</lei>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
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        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
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          <couponKind>Fixed</couponKind>
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        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5530</title>
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        <name>Pure Industrial Issuer Trust Canada</name>
        <lei>N/A</lei>
        <title>BX 2024-PURE A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GOODLEAP HOME IMPT 2024-1</name>
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        <title>GDLP 2024-1A A</title>
        <cusip>381935AA3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATRIUM HOTEL PORTFOLIO TRUST 2024-A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cloud Software Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Madison Park Funding Xxxiv Ltd.</name>
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        <curCd>USD</curCd>
        <valUSD>252500.05</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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        <cusip>X5S0056C0</cusip>
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          <isin value="XS2895056526"/>
          <ticker value="UKRAIN"/>
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        <curCd>USD</curCd>
        <valUSD>8515.27</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 4.7 09/27/34</title>
        <cusip>68389XCT0</cusip>
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          <isin value="US68389XCT00"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Servpro Master Issuer Llc</name>
        <lei>N/A</lei>
        <title>SPRO 2025-1A A2</title>
        <cusip>817743AL1</cusip>
        <identifiers>
          <isin value="US817743AL12"/>
          <ticker value="SPRO"/>
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        <curCd>USD</curCd>
        <valUSD>549207.04</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>AITX FINCO LLC 5.38%</name>
        <lei>N/A</lei>
        <title>AITX FINCO LLC 5.38%</title>
        <cusip>00199CFP4</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <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>BDS 2025-FL16 LLC</name>
        <lei>N/A</lei>
        <title>BDS 2025-FL16 B</title>
        <cusip>05556XAE4</cusip>
        <identifiers>
          <isin value="US05556XAE40"/>
          <ticker value="BDS"/>
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        <balance>150000</balance>
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        <curCd>USD</curCd>
        <valUSD>150319.37</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.722720000000</annualizedRt>
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      <invstOrSec>
        <name>FIGRE TR 2025-HE1</name>
        <lei>N/A</lei>
        <title>FIGRE 2025-HE1 A</title>
        <cusip>30191LAA7</cusip>
        <identifiers>
          <isin value="US30191LAA70"/>
          <ticker value="FIGRE"/>
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        <curCd>USD</curCd>
        <valUSD>719249.02</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.829000000000</annualizedRt>
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      <invstOrSec>
        <name>CIM TRUST 2025-I1</name>
        <lei>N/A</lei>
        <title>CIM 2025-I1 M1</title>
        <cusip>12571DAD7</cusip>
        <identifiers>
          <isin value="US12571DAD75"/>
          <ticker value="CIM"/>
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        <balance>900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>913425.12</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.441000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V4.542 09/19/30</title>
        <cusip>17327CAT0</cusip>
        <identifiers>
          <isin value="US17327CAT09"/>
          <ticker value="C"/>
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        <curCd>USD</curCd>
        <valUSD>116959.57</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 4.8 10/15/34</title>
        <cusip>11135FCD1</cusip>
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          <ticker value="AVGO"/>
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        <curCd>USD</curCd>
        <valUSD>133788.63</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Telecom Argentina SA</name>
        <lei>549300MKPIRSJD8SB782</lei>
        <title>TECOAR 8.5 01/20/36 144A</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AS0496</title>
        <cusip>3138W9RS1</cusip>
        <identifiers>
          <isin value="US3138W9RS12"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>3770.49</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>LNG 5.65 04/15/34</title>
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          <ticker value="LNG"/>
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        <curCd>USD</curCd>
        <valUSD>780700.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2025-VOLT A</title>
        <cusip>05619PAA4</cusip>
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          <isin value="US05619PAA49"/>
          <ticker value="BX"/>
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        <curCd>USD</curCd>
        <valUSD>301404.27</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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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>
      <invstOrSec>
        <name>GS MTG SEC CORP TR 2023-SHIP</name>
        <lei>N/A</lei>
        <title>GSMS 2023-SHIP E</title>
        <cusip>36270GAJ0</cusip>
        <identifiers>
          <isin value="US36270GAJ04"/>
          <ticker value="GSMS"/>
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        <curCd>USD</curCd>
        <valUSD>32116.15</valUSD>
        <pctVal>0.0033334744</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-10</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ukraine (Republic of)</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAIN 4.5 02/01/29 144A</title>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11641.24</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.45 04/01/31</title>
        <cusip>404119CT4</cusip>
        <identifiers>
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          <ticker value="HCA"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177781.44</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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD4977</title>
        <cusip>3132DSQ62</cusip>
        <identifiers>
          <isin value="US3132DSQ625"/>
          <ticker value="FHLMC"/>
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        <balance>1471313.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1476013.94</valUSD>
        <pctVal>0.1532018825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA2708</title>
        <cusip>3140QAAJ9</cusip>
        <identifiers>
          <isin value="US3140QAAJ93"/>
          <ticker value="FNMA"/>
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        <balance>9814.76</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9547.45</valUSD>
        <pctVal>0.0009909712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4280</title>
        <cusip>31418DXJ6</cusip>
        <identifiers>
          <isin value="US31418DXJ61"/>
          <ticker value="FHLMC"/>
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        <balance>243552.45</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188734.31</valUSD>
        <pctVal>0.0195895518</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>1.500000000000</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>THOR FINANCECO LLC 5.22%</name>
        <lei>N/A</lei>
        <title>THOR FINANCECO LLC 5.22%</title>
        <cusip>62799ABZ4</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="7B25VYU"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299142.44</valUSD>
        <pctVal>0.0310492901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.22</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLUE OWL GP STAKES 5.38%</name>
        <lei>N/A</lei>
        <title>BLUE OWL GP STAKES 5.38%</title>
        <cusip>09499ADX1</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="7B25YMU"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346618.27</valUSD>
        <pctVal>0.0359770122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.38</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>CNC 2.5 03/01/31</title>
        <cusip>15135BAX9</cusip>
        <identifiers>
          <isin value="US15135BAX91"/>
          <ticker value="CNC"/>
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        <balance>428000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370127.81</valUSD>
        <pctVal>0.0384171692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7767</title>
        <cusip>36179WTY4</cusip>
        <identifiers>
          <isin value="US36179WTY48"/>
          <ticker value="GNR"/>
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        <balance>211700.72</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183479.58</valUSD>
        <pctVal>0.0190441406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triton Container International Limited / TAL International Container Corporation</name>
        <lei>549300O4LZFLCX53XZ54</lei>
        <title>TRTN 5.15 02/15/33</title>
        <cusip>89681LAC6</cusip>
        <identifiers>
          <isin value="US89681LAC63"/>
          <ticker value="TRTN"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99542.04</valUSD>
        <pctVal>0.0103318997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000</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>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 05/15/39</title>
        <cusip>912810QB7</cusip>
        <identifiers>
          <isin value="US912810QB70"/>
          <ticker value="T"/>
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        <balance>64000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62465</valUSD>
        <pctVal>0.0064835130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Equinix Europe 2 Financing Corp LLC</name>
        <lei>254900FSZR46BPMCKI50</lei>
        <title>EQIX 5.5 06/15/34</title>
        <cusip>29390XAA2</cusip>
        <identifiers>
          <isin value="US29390XAA28"/>
          <ticker value="EQIX"/>
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        <balance>27000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27887.12</valUSD>
        <pctVal>0.0028945250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MCR Trust 2024-Hf1</name>
        <lei>N/A</lei>
        <title>MCR 2024-HF1 A</title>
        <cusip>55287FAA2</cusip>
        <identifiers>
          <isin value="US55287FAA21"/>
          <ticker value="MCR"/>
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        <balance>295988.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296543.27</valUSD>
        <pctVal>0.0307795109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.465190000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KSL COMMERCIAL MTG TR 2024-HT2</name>
        <lei>N/A</lei>
        <title>KSL 2024-HT2 A</title>
        <cusip>500937AA5</cusip>
        <identifiers>
          <isin value="US500937AA54"/>
          <ticker value="KSL"/>
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        <balance>97090.73</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97090.73</valUSD>
        <pctVal>0.0100774676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.222580000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FONTAINEBLEAU MIAMI BEACH 2024</name>
        <lei>N/A</lei>
        <title>FMBT 2024-FBLU G</title>
        <cusip>34461WAN0</cusip>
        <identifiers>
          <isin value="US34461WAN02"/>
          <ticker value="FMBT"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101324.86</valUSD>
        <pctVal>0.0105169463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.330190000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY NYSHGR 5.39 03/15/2040</title>
        <cusip>6499022F9</cusip>
        <identifiers>
          <isin value="US6499022F94"/>
          <ticker value="NYSHGR"/>
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        <balance>30000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30200.65</valUSD>
        <pctVal>0.0031346563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.389000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F022626</cusip>
        <identifiers>
          <isin value="US01F0226260"/>
          <ticker value="FNMA"/>
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        <balance>3674600</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3118532.81</valUSD>
        <pctVal>0.3236860332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Atos SE</name>
        <lei>5493001EZOOA66PTBR68</lei>
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        <cusip>F04805ET4</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Cheniere Energy Partners Lp</name>
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        <curCd>USD</curCd>
        <valUSD>191795.28</valUSD>
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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>
          <annualizedRt>5.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V4.597 01/27/32</title>
        <cusip>89788MAW2</cusip>
        <identifiers>
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          <ticker value="TFC"/>
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        <balance>69000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69175.89</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>2032-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2026-CES1</name>
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        <title>GSMBS 2026-CES1 A1</title>
        <cusip>36277LAA1</cusip>
        <identifiers>
          <isin value="US36277LAA17"/>
          <ticker value="GSMBS"/>
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        <balance>233433</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>233742.94</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.136000000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V5.14 01/24/31</title>
        <cusip>46647PEV4</cusip>
        <identifiers>
          <isin value="US46647PEV40"/>
          <ticker value="JPM"/>
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        <balance>249000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256916.44</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>2031-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.140000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CWHL 2007-9 A11</title>
        <cusip>12544XAV7</cusip>
        <identifiers>
          <isin value="US12544XAV73"/>
          <ticker value="CWHL"/>
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        <balance>13511.54</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5982.66</valUSD>
        <pctVal>0.0006209662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA2469</title>
        <cusip>3140Q9W74</cusip>
        <identifiers>
          <isin value="US3140Q9W746"/>
          <ticker value="FNMA"/>
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        <balance>18783.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18255.74</valUSD>
        <pctVal>0.0018948424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mong Duong Finance Holdings B V</name>
        <lei>549300995KGQFMWSV879</lei>
        <title>MONDFI 5.125 05/07/29 REGS</title>
        <cusip>N6000DAA1</cusip>
        <identifiers>
          <isin value="USN6000DAA11"/>
          <ticker value="MONDFI"/>
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        <balance>144845</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144515.14</valUSD>
        <pctVal>0.0149998526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7135</title>
        <cusip>36179V4U1</cusip>
        <identifiers>
          <isin value="US36179V4U15"/>
          <ticker value="GNR"/>
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        <balance>955252.51</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>795036.67</valUSD>
        <pctVal>0.0825203009</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0519</title>
        <cusip>3132DMSG1</cusip>
        <identifiers>
          <isin value="US3132DMSG14"/>
          <ticker value="FHLMC"/>
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        <balance>359954.7</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325686.5</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>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>MO 3.4 02/04/41</title>
        <cusip>02209SBM4</cusip>
        <identifiers>
          <isin value="US02209SBM44"/>
          <ticker value="MO"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154078.65</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>2041-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.400000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8172</title>
        <cusip>3132DWCH4</cusip>
        <identifiers>
          <isin value="US3132DWCH43"/>
          <ticker value="FHLMC"/>
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        <balance>31460.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25643.45</valUSD>
        <pctVal>0.0026616448</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.65 09/15/59</title>
        <cusip>00206RLV2</cusip>
        <identifiers>
          <isin value="US00206RLV23"/>
          <ticker value="T"/>
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        <balance>601000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>396565.23</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>2059-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7649</title>
        <cusip>36179WQA9</cusip>
        <identifiers>
          <isin value="US36179WQA98"/>
          <ticker value="GNR"/>
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        <balance>309598.73</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268328.37</valUSD>
        <pctVal>0.0278509642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>REPHUN 4 07/25/29 6Y</title>
        <cusip>X93622GT3</cusip>
        <identifiers>
          <isin value="XS2753429047"/>
          <ticker value="REPHUN"/>
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        <balance>12000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>14673.29</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 5.35 03/15/44</title>
        <cusip>00287YDV8</cusip>
        <identifiers>
          <isin value="US00287YDV83"/>
          <ticker value="ABBV"/>
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        <balance>164000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162206.36</valUSD>
        <pctVal>0.0168361010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.350000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raizen Fuels Finance SA</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>RAIZBZ 6.45 03/05/34 REGS</title>
        <cusip>L7909CAC1</cusip>
        <identifiers>
          <isin value="USL7909CAC12"/>
          <ticker value="RAIZBZ"/>
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        <balance>307000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251740.03</valUSD>
        <pctVal>0.0261291885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAGARD-HALSEYPOINT CLO 8 LTD/LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co.</name>
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        <name>Morgan Stanley</name>
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      <invstOrSec>
        <name>AGL CORE CLO 38 LTD</name>
        <lei>254900ZPMRHE5M6S8F18</lei>
        <title>AGL 2025-38A A1</title>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>250841.35</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
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        <cusip>361841AL3</cusip>
        <identifiers>
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          <ticker value="GLPI"/>
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        <balance>24000</balance>
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        <curCd>USD</curCd>
        <valUSD>24458.35</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7253</title>
        <cusip>3140QFBX6</cusip>
        <identifiers>
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          <ticker value="FNMA"/>
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        <balance>110512.18</balance>
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        <curCd>USD</curCd>
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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>
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      <invstOrSec>
        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDON 3.05 03/12/51</title>
        <cusip>455780CW4</cusip>
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        <curCd>USD</curCd>
        <valUSD>142978.85</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V1.992 01/27/32</title>
        <cusip>38141GXR0</cusip>
        <identifiers>
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          <ticker value="GS"/>
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        <balance>597000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529876.93</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8641</title>
        <cusip>3140QGS73</cusip>
        <identifiers>
          <isin value="US3140QGS738"/>
          <ticker value="FNMA"/>
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        <balance>34798.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34004.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ConnectWise</name>
        <lei>N/A</lei>
        <title>ConnectWise Term Loan B 350 2028-09-07</title>
        <cusip>20786NAC1</cusip>
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          <isin value="US20786NAC11"/>
          <ticker value="CONNEC"/>
          <other otherDesc="IDII" value="7RMFQH4"/>
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        <balance>22617.18</balance>
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        <curCd>USD</curCd>
        <valUSD>21750.26</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4492</title>
        <cusip>31418D7E6</cusip>
        <identifiers>
          <isin value="US31418D7E66"/>
          <ticker value="FHLMC"/>
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        <balance>47342.95</balance>
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        <curCd>USD</curCd>
        <valUSD>38559.14</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dewolf Park CLO Ltd.</name>
        <lei>N/A</lei>
        <title>DWOLF 2017-1A AR</title>
        <cusip>25211AAE9</cusip>
        <identifiers>
          <isin value="US25211AAE91"/>
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        <balance>17534.03</balance>
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        <curCd>USD</curCd>
        <valUSD>17534.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Floating</couponKind>
          <annualizedRt>5.499160000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXE 5.375 02/01/29</title>
        <cusip>845467AR0</cusip>
        <identifiers>
          <isin value="US845467AR03"/>
          <ticker value="EXE"/>
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        <balance>377000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>377226.66</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Partners Lp</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CQP 4 03/01/31</title>
        <cusip>16411QAK7</cusip>
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          <isin value="US16411QAK76"/>
          <ticker value="CQP"/>
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        <balance>134000</balance>
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        <curCd>USD</curCd>
        <valUSD>130477.31</valUSD>
        <pctVal>0.0135428054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB8339</title>
        <cusip>3140QUHR0</cusip>
        <identifiers>
          <isin value="US3140QUHR01"/>
          <ticker value="FNMA"/>
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        <balance>29102.86</balance>
        <units>PA</units>
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        <valUSD>30052.93</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust 2022-NQM3</name>
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          <ticker value="BRAVO"/>
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        <curCd>USD</curCd>
        <valUSD>100996.63</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2622</title>
        <cusip>3140QM4G6</cusip>
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          <isin value="US3140QM4G63"/>
          <ticker value="FNMA"/>
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        <balance>373786.07</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0193</title>
        <cusip>3140XFGB1</cusip>
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          <isin value="US3140XFGB18"/>
          <ticker value="FNMA"/>
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        <balance>194960.96</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CWABS Asset-Backed Certificates Trust 2006-14</name>
        <lei>N/A</lei>
        <title>CWL 2006-14 M1</title>
        <cusip>23243LAE2</cusip>
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          <isin value="US23243LAE20"/>
          <ticker value="CWL"/>
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        <balance>110265.58</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EFMT 2024-NQM1</name>
        <lei>254900GTI06L3BTCLG55</lei>
        <title>EFMT 2024-NQM1 A1A</title>
        <cusip>26845DAA3</cusip>
        <identifiers>
          <isin value="US26845DAA37"/>
          <ticker value="EFMT"/>
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        <balance>285632.88</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288883.78</valUSD>
        <pctVal>0.0299844993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.708000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Genesis Energy LP &amp; Genesis Energy Finance Corp.</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>GEL 8 05/15/33</title>
        <cusip>37185LAR3</cusip>
        <identifiers>
          <isin value="US37185LAR33"/>
          <ticker value="GEL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104366.2</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>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3210</title>
        <cusip>31418CR89</cusip>
        <identifiers>
          <isin value="US31418CR890"/>
          <ticker value="FNMA"/>
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        <balance>91578.69</balance>
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        <curCd>USD</curCd>
        <valUSD>85702.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF 3.8 01/31/28</title>
        <cusip>14040HBW4</cusip>
        <identifiers>
          <isin value="US14040HBW43"/>
          <ticker value="COF"/>
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        <balance>406000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>404021.12</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>2028-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nexstar Media Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>NXST 4.75 11/01/28 144A</title>
        <cusip>65336YAN3</cusip>
        <identifiers>
          <isin value="US65336YAN31"/>
          <ticker value="NXST"/>
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        <balance>104000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103372.07</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Targa Resources Partners LP/Targa Resources Finance Corp.</name>
        <lei>6OQWTZ1SPC04IFT4T704</lei>
        <title>TRGP 4.875 02/01/31</title>
        <cusip>87612BBS0</cusip>
        <identifiers>
          <isin value="US87612BBS07"/>
          <ticker value="TRGP"/>
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        <balance>261000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263435.46</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8635</title>
        <cusip>3140QGSZ1</cusip>
        <identifiers>
          <isin value="US3140QGSZ14"/>
          <ticker value="FNMA"/>
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        <balance>30273.45</balance>
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        <curCd>USD</curCd>
        <valUSD>29554.97</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 2.875 12/04/51</title>
        <cusip>341081GE1</cusip>
        <identifiers>
          <isin value="US341081GE16"/>
          <ticker value="NEE"/>
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        <balance>24000</balance>
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        <curCd>USD</curCd>
        <valUSD>15329.19</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2024-96 FA</title>
        <cusip>3136BTK85</cusip>
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          <isin value="US3136BTK852"/>
          <ticker value="FNMA"/>
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        <balance>179223.16</balance>
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        <curCd>USD</curCd>
        <valUSD>181272.67</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.097280000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PRKCM 2023-AFC1 TRUST</name>
        <lei>N/A</lei>
        <title>PRKCM 2023-AFC1 B1</title>
        <cusip>693981AE2</cusip>
        <identifiers>
          <isin value="US693981AE25"/>
          <ticker value="PRKCM"/>
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        <balance>226000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225105.47</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.395187000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORL TRUST 2024-GLKS MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>ORL 2024-GLKS A</title>
        <cusip>67120DAA3</cusip>
        <identifiers>
          <isin value="US67120DAA37"/>
          <ticker value="ORL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100250</valUSD>
        <pctVal>0.0104053819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.172690000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3149</title>
        <cusip>31418CQB3</cusip>
        <identifiers>
          <isin value="US31418CQB36"/>
          <ticker value="FNMA"/>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Antero Resources Corporation</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Synchrony Financial</name>
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      <invstOrSec>
        <name>CNX Resources Corporation</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8099</title>
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          <ticker value="GNR"/>
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          <couponKind>Fixed</couponKind>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-67 QI</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3166</title>
        <cusip>3140XJQU0</cusip>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QE8252</title>
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        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.25 05/30/32 REGS</title>
        <cusip>X7360WCY6</cusip>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <cusip>61747YFS9</cusip>
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        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.45 09/15/34</title>
        <cusip>404121AK1</cusip>
        <identifiers>
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        <balance>65000</balance>
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        <name>BANK 2021-BNK35</name>
        <lei>N/A</lei>
        <title>BANK 2021-BN35 C</title>
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        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDOGB 7 02/15/33 FR96</title>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.625 12/31/30</title>
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          <ticker value="T"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>BX TRUST 2024-VLT4</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Oracle Corp.</name>
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        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-76 JI</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecuador (Republic Of)</name>
        <lei>5299003Y2U5XK0A35H71</lei>
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        <invCountry>EC</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Corp</name>
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          <couponKind>Fixed</couponKind>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA7506</title>
        <cusip>3133KPKT4</cusip>
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          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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        <name>Becton, Dickinson and Company</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BDX 5.081 06/07/29</title>
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        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>AVGO 5.15 11/15/31</title>
        <cusip>11135FBY6</cusip>
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        <invCountry>US</invCountry>
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        <name>Renew Power Private Ltd.</name>
        <lei>335800BITJZHVZ1CN475</lei>
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        <cusip>Y7279WAA9</cusip>
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        <name>Puma International Financing S.A.</name>
        <lei>222100YFBPO7IDRUBR17</lei>
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        <cusip>L78043AF0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Pachelbel Bidco S.p.A.</name>
        <lei>8945002RM8LY280ZUC12</lei>
        <title>MLTIVR 7.125 05/17/31 REGS</title>
        <cusip>T7S3D8AB2</cusip>
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        <name>Medco Laurel Tree Pte Ltd.</name>
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        <name>McGraw-Hill Education Inc.</name>
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        <name>Textron Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Elevance Health Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Indonesia (Republic of)</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Biocon Biologics Global PLC</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Expand Energy Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Voyager Grnpt</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Mexico (United Mexican States)</name>
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        <issuerCat>NUSS</issuerCat>
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        <name>OWL ROCK CLO XXII LLC</name>
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        <name>First American Financial Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>AmFam Holdings Inc.</name>
        <lei>N/A</lei>
        <title>AMFAHI 3.833 03/11/51 144A</title>
        <cusip>03115AAC7</cusip>
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      <invstOrSec>
        <name>United Wholesale Mortgage LLC</name>
        <lei>549300HW662MN1WU8550</lei>
        <title>UWMLLC 5.5 04/15/29 144A</title>
        <cusip>913229AA8</cusip>
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        <name>LHOME MORTGAGE TRUST</name>
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        <title>LHOME 2025-RTL3 A1</title>
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      <invstOrSec>
        <name>Phillips 66 Co.</name>
        <lei>RVJMT2IZVVSKIRJJBH76</lei>
        <title>PSX V5.875 03/15/56 A</title>
        <cusip>718547AZ5</cusip>
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        <name>The Hanover Insurance Group, Inc.</name>
        <lei>JJYR6MFKFF6CF8DBZ078</lei>
        <title>THG 5.5 09/01/35</title>
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        <name>FIGRE TRUST 2025-PF2</name>
        <lei>N/A</lei>
        <title>FIGRE 2025-PF2 A</title>
        <cusip>316918AA9</cusip>
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          <isin value="US316918AA90"/>
          <ticker value="FIGRE"/>
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        <name>Santander UK Group Holdings PLC</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANUK V5.136 09/22/36</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BDS 2025-FL15 LLC</name>
        <lei>N/A</lei>
        <title>BDS 2025-FL15 AS</title>
        <cusip>05556EAC0</cusip>
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        <balance>850000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GA Global Funding Trust</name>
        <lei>54930029I8ROQ4OROZ88</lei>
        <title>GBLATL 4.5 09/18/30 144A</title>
        <cusip>36143L2V6</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</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>PRPM 2025-5 LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-5 A1</title>
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          <isin value="US69392RAA95"/>
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        <balance>762458.42</balance>
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        <curCd>USD</curCd>
        <valUSD>762662.45</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Dai-ichi Life Insurance Co. Ltd. (The)</name>
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        <title>DAIL V6.2 PERP 144A</title>
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          <ticker value="DAIL"/>
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        <balance>330000</balance>
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        <curCd>USD</curCd>
        <valUSD>342390.18</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Polaris Inc.</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>PII 5.6 03/01/31</title>
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        <curCd>USD</curCd>
        <valUSD>101545.6</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD2163</title>
        <cusip>3132DPML9</cusip>
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          <ticker value="FHLMC"/>
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        <balance>105698.76</balance>
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        <curCd>USD</curCd>
        <valUSD>108841.45</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>EXR 4 06/15/29</title>
        <cusip>30225VAN7</cusip>
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          <ticker value="EXR"/>
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        <balance>17000</balance>
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        <curCd>USD</curCd>
        <valUSD>16879.47</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>A10 2025-FL6 Issuer LLC</name>
        <lei>N/A</lei>
        <title>A10 2025-FL6 AS</title>
        <cusip>00028AAC9</cusip>
        <identifiers>
          <isin value="US00028AAC99"/>
          <ticker value="A10"/>
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        <balance>300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300325.83</valUSD>
        <pctVal>0.0311721192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.919170000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brightstar Lottery PLC / Brightstar Global Solutions Corp.</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>BRSL 5.75 01/15/33 144A</title>
        <cusip>108922AA3</cusip>
        <identifiers>
          <isin value="US108922AA38"/>
          <ticker value="BRSL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198824.08</valUSD>
        <pctVal>0.0206368128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Series Trust-1 Trust</name>
        <lei>N/A</lei>
        <title>GMACN 2025-WPAFB A</title>
        <cusip>817935AA7</cusip>
        <identifiers>
          <isin value="US817935AA70"/>
          <ticker value="GMACN"/>
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        <balance>142899.46</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153616.92</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>VFH Parent LLC &amp; Valor Co-Issuer Inc.</name>
        <lei>549300FRO9M476YHHY64</lei>
        <title>VIRT 7.5 06/15/31 144A</title>
        <cusip>91824YAA6</cusip>
        <identifiers>
          <isin value="US91824YAA64"/>
          <ticker value="VIRT"/>
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        <balance>520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544748.36</valUSD>
        <pctVal>0.0565417927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allison Transmission</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission Term Loan B (Incremental) 175 2032-10-28</title>
        <cusip>01973KAJ5</cusip>
        <identifiers>
          <isin value="US01973KAJ51"/>
          <ticker value="ALSN"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400800</valUSD>
        <pctVal>0.0416007687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.610000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V7.125 PERP CC</title>
        <cusip>172967PK1</cusip>
        <identifiers>
          <isin value="US172967PK15"/>
          <ticker value="C"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>413991.2</valUSD>
        <pctVal>0.0429699405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>NAB V5.902 01/14/36 144A</title>
        <cusip>632525CF6</cusip>
        <identifiers>
          <isin value="US632525CF64"/>
          <ticker value="NAB"/>
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        <balance>810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850030.55</valUSD>
        <pctVal>0.0882283540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.902000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.75 PERP EE</title>
        <cusip>172967PR6</cusip>
        <identifiers>
          <isin value="US172967PR67"/>
          <ticker value="C"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>407901.7</valUSD>
        <pctVal>0.0423378849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>B.A.T. Capital Corporation</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BATSLN 7.079 08/02/43</title>
        <cusip>054989AC2</cusip>
        <identifiers>
          <isin value="US054989AC24"/>
          <ticker value="BATSLN"/>
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        <balance>270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303103.25</valUSD>
        <pctVal>0.0314603997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.079000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 8.5 03/01/29 M</title>
        <cusip>P4R07X3Z7</cusip>
        <identifiers>
          <isin value="MX0MGO0001F1"/>
          <ticker value="MEX"/>
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        <balance>2230800</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>129797.24</valUSD>
        <pctVal>0.0134722180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</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>Flutter Entertainment</name>
        <lei>635400VFWPBIKJK6GN11</lei>
        <title>Flutter Entertainment Term Loan B 175 2030-11-01</title>
        <cusip>N3313EAG5</cusip>
        <identifiers>
          <isin value="XAN3313EAG51"/>
          <ticker value="FLTR"/>
          <other otherDesc="IDII" value="7TN97H6"/>
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        <name>Greensky Home Improvement Issuer Trust 2025-2</name>
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        <name>DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2026-INV1</name>
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        <name>Bayview Commercial Asset Trust 2006-SP2</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CDI Escrow Issuer Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7549</title>
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        <name>Poland (Republic of)</name>
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        <name>I/O DBGS 2019-1735 MO VAR</name>
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        <name>Federal Home Loan Banks</name>
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        <title>FR QF0409</title>
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      <invstOrSec>
        <name>Smyrna Ready Mix Concrete LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SI2075</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB7349</title>
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        <curCd>USD</curCd>
        <valUSD>167079.03</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D V7 06/01/54 B</title>
        <cusip>25746UDU0</cusip>
        <identifiers>
          <isin value="US25746UDU07"/>
          <ticker value="D"/>
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        <balance>180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194645.16</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>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 06/30/31</title>
        <cusip>91282CKW0</cusip>
        <identifiers>
          <isin value="US91282CKW00"/>
          <ticker value="T"/>
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        <balance>1278500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1302571.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 5.5 02/23/54</title>
        <cusip>92343VGW8</cusip>
        <identifiers>
          <isin value="US92343VGW81"/>
          <ticker value="VZ"/>
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        <balance>144000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137830.79</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>2054-02-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 6.1 04/01/64</title>
        <cusip>404119CW7</cusip>
        <identifiers>
          <isin value="US404119CW77"/>
          <ticker value="HCA"/>
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        <balance>79000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78424.29</valUSD>
        <pctVal>0.0081399969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.100000000000</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>Anheuser-Busch InBev Worldwide Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>ABIBB 5 06/15/34</title>
        <cusip>03523TBY3</cusip>
        <identifiers>
          <isin value="US03523TBY38"/>
          <ticker value="ABIBB"/>
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        <balance>306000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314835.08</valUSD>
        <pctVal>0.0326780972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V5.571 04/22/28</title>
        <cusip>46647PEE2</cusip>
        <identifiers>
          <isin value="US46647PEE25"/>
          <ticker value="JPM"/>
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        <balance>309000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314826.04</valUSD>
        <pctVal>0.0326771589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.571000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 0.375 09/30/27</title>
        <cusip>91282CAL5</cusip>
        <identifiers>
          <isin value="US91282CAL54"/>
          <ticker value="T"/>
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        <balance>970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>921158.99</valUSD>
        <pctVal>0.0956110830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 11/15/43</title>
        <cusip>912810RD2</cusip>
        <identifiers>
          <isin value="US912810RD28"/>
          <ticker value="T"/>
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        <balance>1009600</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>882177.43</valUSD>
        <pctVal>0.0915650180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM4351</title>
        <cusip>3140J8ZR7</cusip>
        <identifiers>
          <isin value="US3140J8ZR74"/>
          <ticker value="FNMA"/>
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        <balance>38331.03</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38203.17</valUSD>
        <pctVal>0.0039652726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ohio Power Company</name>
        <lei>06ZODLC132CY1O2Y7D77</lei>
        <title>AEP 1.625 01/15/31 Q</title>
        <cusip>677415CT6</cusip>
        <identifiers>
          <isin value="US677415CT66"/>
          <ticker value="AEP"/>
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        <balance>26000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22796.88</valUSD>
        <pctVal>0.0023661870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7312</title>
        <cusip>36179WDR6</cusip>
        <identifiers>
          <isin value="US36179WDR60"/>
          <ticker value="GNR"/>
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        <balance>489652.74</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>424405.22</valUSD>
        <pctVal>0.0440508568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1430</title>
        <cusip>3140QLSU1</cusip>
        <identifiers>
          <isin value="US3140QLSU12"/>
          <ticker value="FNMA"/>
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        <balance>53624.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51551.64</valUSD>
        <pctVal>0.0053507681</pctVal>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB1425</title>
        <cusip>3140QLSP2</cusip>
        <identifiers>
          <isin value="US3140QLSP27"/>
          <ticker value="FNMA"/>
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        <balance>32907.04</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32095.8</valUSD>
        <pctVal>0.0033313622</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7550</title>
        <cusip>3132DVL78</cusip>
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          <isin value="US3132DVL786"/>
          <ticker value="FHLMC"/>
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        <balance>37639.09</balance>
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        <curCd>USD</curCd>
        <valUSD>34125.57</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 1.875 07/15/35</title>
        <cusip>91282CNS6</cusip>
        <identifiers>
          <isin value="US91282CNS60"/>
          <ticker value="T"/>
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        <balance>4965000</balance>
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        <curCd>USD</curCd>
        <valUSD>5027238.64</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.75 08/15/41</title>
        <cusip>912810TA6</cusip>
        <identifiers>
          <isin value="US912810TA60"/>
          <ticker value="T"/>
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        <balance>13080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8796810.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</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>P11 COMMERCIAL MORTGAGE TRUST 2025-P11</name>
        <lei>N/A</lei>
        <title>P11 2025-P11 A</title>
        <cusip>69382VAA2</cusip>
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          <isin value="US69382VAA26"/>
          <ticker value="P11"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21597.07</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.344000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.75 11/30/32</title>
        <cusip>91282CPM7</cusip>
        <identifiers>
          <isin value="US91282CPM72"/>
          <ticker value="T"/>
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        <balance>6000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5903.44</valUSD>
        <pctVal>0.0006127436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>CAFL 2025-RRTL2 Issuer LP</name>
        <lei>N/A</lei>
        <title>CAFL 2025-RRTL2 A1</title>
        <cusip>12770JAA9</cusip>
        <identifiers>
          <isin value="US12770JAA97"/>
          <ticker value="CAFL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200780.98</valUSD>
        <pctVal>0.0208399279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.179000000000</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>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TRGP 5.4 07/30/36</title>
        <cusip>87612GAS0</cusip>
        <identifiers>
          <isin value="US87612GAS03"/>
          <ticker value="TRGP"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250429.19</valUSD>
        <pctVal>0.0259931308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000</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>Southern Co.</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SO 4.25 07/01/36</title>
        <cusip>842587CW5</cusip>
        <identifiers>
          <isin value="US842587CW55"/>
          <ticker value="SO"/>
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        <balance>28000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26157.46</valUSD>
        <pctVal>0.0027149961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>Ghana (Republic of)</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>GHANA 5 07/03/35 144A</title>
        <cusip>374422AP8</cusip>
        <identifiers>
          <isin value="US374422AP83"/>
          <ticker value="GHANA"/>
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        <balance>16000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14588.25</valUSD>
        <pctVal>0.0015141777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</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>Aroundtown Finance S.a.r.l.</name>
        <lei>8945006LEXV2KWSWVP51</lei>
        <title>ARNDTN V5.25 PERP</title>
        <cusip>L0269HAF2</cusip>
        <identifiers>
          <isin value="XS3205709309"/>
          <ticker value="ARNDTN"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>117474.17</valUSD>
        <pctVal>0.0121931531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>Uruguay (Republic Of)</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>URUGUA 8 10/29/35</title>
        <cusip>760942BJ0</cusip>
        <identifiers>
          <isin value="US760942BJ08"/>
          <ticker value="URUGUA"/>
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        <balance>720000</balance>
        <units>PA</units>
        <currencyConditional curCd="UYU" exchangeRt="38.795"/>
        <valUSD>19436.65</valUSD>
        <pctVal>0.0020174141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIMARAN CAVU 2024-1 LTD/LLC</name>
        <lei>N/A</lei>
        <title>CAVU 2024-1A A</title>
        <cusip>895971AA7</cusip>
        <identifiers>
          <isin value="US895971AA71"/>
          <ticker value="CAVU"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251133.53</valUSD>
        <pctVal>0.0260662373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.698460000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYF V5.45 03/06/31</title>
        <cusip>87165BAW3</cusip>
        <identifiers>
          <isin value="US87165BAW37"/>
          <ticker value="SYF"/>
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        <balance>526000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536182.58</valUSD>
        <pctVal>0.0556527133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</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>Northern Institutional Funds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Funds TREAS PRT PRMR</title>
        <cusip>665279873</cusip>
        <identifiers>
          <isin value="US6652798736"/>
          <ticker value="NTPXX"/>
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        <balance>447829.24</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447829.24</valUSD>
        <pctVal>0.0464821373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HGB 7 10/24/35 35/A</title>
        <cusip>X51627P88</cusip>
        <identifiers>
          <isin value="HU0000406624"/>
          <ticker value="REPHUN"/>
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        <balance>3180000</balance>
        <units>PA</units>
        <currencyConditional curCd="HUF" exchangeRt="321.78265"/>
        <valUSD>10189.69</valUSD>
        <pctVal>0.0010576321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F062622</cusip>
        <identifiers>
          <isin value="US01F0626220"/>
          <ticker value="FNMA"/>
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        <balance>-3595000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3722791.07</valUSD>
        <pctVal>-0.3864046163</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>SAGB 7 02/28/31 R213</title>
        <cusip>S69124NF8</cusip>
        <identifiers>
          <isin value="ZAG000077470"/>
          <ticker value="SOAF"/>
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        <balance>6086829</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
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        <pctVal>0.0384303729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTH CALIF</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>CA BAYTRN 7.04 04/01/2050</title>
        <cusip>072024NV0</cusip>
        <identifiers>
          <isin value="US072024NV09"/>
          <ticker value="BAYTRN"/>
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        <balance>160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181916.64</valUSD>
        <pctVal>0.0188819163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.043000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F030421</cusip>
        <identifiers>
          <isin value="US01F0304216"/>
          <ticker value="FNMA"/>
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        <balance>-159000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-152681.53</valUSD>
        <pctVal>-0.0158474776</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN MUN PWR OHIO INC</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>OH AMEPWR 8.08 02/15/2050</title>
        <cusip>02765UEK6</cusip>
        <identifiers>
          <isin value="US02765UEK60"/>
          <ticker value="AMEPWR"/>
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        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93893.16</valUSD>
        <pctVal>0.0097455779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.084000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F032625</cusip>
        <identifiers>
          <isin value="US01F0326250"/>
          <ticker value="FNMA"/>
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        <balance>1320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1220778.44</valUSD>
        <pctVal>0.1267098840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F032633</cusip>
        <identifiers>
          <isin value="US01F0326334"/>
          <ticker value="FNMA"/>
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        <balance>30876000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28522552.85</valUSD>
        <pctVal>2.9604793509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-15YR</title>
        <cusip>01F022428</cusip>
        <identifiers>
          <isin value="US01F0224281"/>
          <ticker value="FNMA"/>
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        <balance>-1000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-944.19</valUSD>
        <pctVal>-0.0000980016</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 07/31/32</title>
        <cusip>91282CNR8</cusip>
        <identifiers>
          <isin value="US91282CNR87"/>
          <ticker value="T"/>
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        <balance>54000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54048.52</valUSD>
        <pctVal>0.0056099301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2 11/15/26</title>
        <cusip>912828U24</cusip>
        <identifiers>
          <isin value="US912828U246"/>
          <ticker value="T"/>
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        <balance>1185800</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1171181.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Secretaria Do Tesouro Nacional</name>
        <lei>N/A</lei>
        <title>BNTNB 6 08/15/30 NTNB</title>
        <cusip>P80551PQ4</cusip>
        <identifiers>
          <isin value="BRSTNCNTB3B8"/>
          <ticker value="BLTN"/>
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        <balance>242000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
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        <pctVal>0.0206388721</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Trust US TREASURY BD ETF USD DIS</title>
        <cusip>46429B267</cusip>
        <identifiers>
          <isin value="US46429B2676"/>
          <ticker value="GOVT"/>
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        <balance>10701492</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246508868.22</valUSD>
        <pctVal>25.5862235763</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vanguard Charlotte Funds</name>
        <lei>549300Z9BHDBGHMJLU94</lei>
        <title>Vanguard Charlotte Funds TOTAL INTERNATIONAL BOND IN</title>
        <cusip>92203J407</cusip>
        <identifiers>
          <isin value="US92203J4076"/>
          <ticker value="BNDX"/>
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        <balance>478796</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23255121.72</valUSD>
        <pctVal>2.4137498497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.875 10/31/30</title>
        <cusip>91282CJG7</cusip>
        <identifiers>
          <isin value="US91282CJG78"/>
          <ticker value="T"/>
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        <balance>844300</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>883909.54</valUSD>
        <pctVal>0.0917448012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.625 11/15/55</title>
        <cusip>912810UP1</cusip>
        <identifiers>
          <isin value="US912810UP11"/>
          <ticker value="T"/>
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        <balance>174000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166768.13</valUSD>
        <pctVal>0.0173095868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 01/15/29</title>
        <cusip>91282CPT2</cusip>
        <identifiers>
          <isin value="US91282CPT26"/>
          <ticker value="T"/>
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        <balance>293000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292153.05</valUSD>
        <pctVal>0.0303238310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VEGAS 2024-GCS</name>
        <lei>N/A</lei>
        <title>VEGAS 2024-GCS C</title>
        <cusip>92254BAA3</cusip>
        <identifiers>
          <isin value="US92254BAA35"/>
          <ticker value="VEGAS"/>
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        <balance>140000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143167.37</valUSD>
        <pctVal>0.0148599617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.423717000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS9378</title>
        <cusip>3140XRM44</cusip>
        <identifiers>
          <isin value="US3140XRM445"/>
          <ticker value="FNMA"/>
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        <balance>132907.46</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>118865.86</valUSD>
        <pctVal>0.0123376027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.6 04/01/34</title>
        <cusip>404119CU1</cusip>
        <identifiers>
          <isin value="US404119CU12"/>
          <ticker value="HCA"/>
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        <balance>18000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18694.76</valUSD>
        <pctVal>0.0019404101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Ohio Inc.</name>
        <lei>L6KC0HABGHNFU1Z6QY21</lei>
        <title>DUK 5.55 03/15/54</title>
        <cusip>26442EAL4</cusip>
        <identifiers>
          <isin value="US26442EAL48"/>
          <ticker value="DUK"/>
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        <balance>29000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28296.15</valUSD>
        <pctVal>0.0029369800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4500</title>
        <cusip>31418EAA8</cusip>
        <identifiers>
          <isin value="US31418EAA82"/>
          <ticker value="FHLMC"/>
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        <balance>849690.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>718242.65</valUSD>
        <pctVal>0.0745495168</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2165</title>
        <cusip>3140QMMP6</cusip>
        <identifiers>
          <isin value="US3140QMMP63"/>
          <ticker value="FNMA"/>
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        <balance>200929.99</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181275.7</valUSD>
        <pctVal>0.0188153904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0297</title>
        <cusip>3132DMKJ3</cusip>
        <identifiers>
          <isin value="US3132DMKJ35"/>
          <ticker value="FHLMC"/>
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        <balance>226593.51</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220546.77</valUSD>
        <pctVal>0.0228915049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2054</title>
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        <name>Czech (Republic of)</name>
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        <name>Sabine Pass Liquefaction, LLC</name>
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        <name>Japan (Government Of)</name>
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        <name>Adler Financing S.a r.l.</name>
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        <name>Canyon Clo 2020-2 Ltd/Canyon Clo 2020-2 Llc</name>
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        <name>SURA Asset Management SA</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <title>FHR 5543 FH</title>
        <cusip>3137HLLG5</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>DIAMETER CAPITAL CLO 10 LTD</name>
        <lei>N/A</lei>
        <title>DCLO 2025-10A A</title>
        <cusip>25290BAA9</cusip>
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          <ticker value="DCLO"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>753539.25</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Rakuten Group Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTN 9.75 04/15/29 REGS</title>
        <cusip>J64264AK0</cusip>
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          <isin value="USJ64264AK09"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448141.49</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Self Commercial Mortgage Trust 2024-STRG</name>
        <lei>N/A</lei>
        <title>SELF 2024-STRG A</title>
        <cusip>81631WAA4</cusip>
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          <isin value="US81631WAA45"/>
          <ticker value="SELF"/>
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        <curCd>USD</curCd>
        <valUSD>18845</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN 3.7 07/15/27</title>
        <cusip>29250NAR6</cusip>
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          <ticker value="ENBCN"/>
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        <balance>241000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3384</title>
        <cusip>31418CXN9</cusip>
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          <isin value="US31418CXN90"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>MQGAU V2.871 01/14/33 144A</title>
        <cusip>55608JAZ1</cusip>
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        <balance>290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262547.36</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Maple Grove Funding Trust I</name>
        <lei>N/A</lei>
        <title>LIFEVT 4.161 08/15/51</title>
        <cusip>565130AA9</cusip>
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          <isin value="US565130AA94"/>
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        <balance>700000</balance>
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        <curCd>USD</curCd>
        <valUSD>505653.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V3.419 12/20/28</title>
        <cusip>06051GHD4</cusip>
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          <ticker value="BAC"/>
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        <curCd>USD</curCd>
        <valUSD>329373.19</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V2.831 10/24/51 MTN</title>
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        <curCd>USD</curCd>
        <valUSD>25372.84</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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          <isin value="US3132DM2T16"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
        <valUSD>93676.26</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <curCd>USD</curCd>
        <valUSD>281125.2</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SD0876</title>
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          <isin value="US3132DM6M27"/>
          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW RES MTG LN TR 2025-NQM1</name>
        <lei>213800CZKHCTHKMD9W65</lei>
        <title>NRZT 2025-NQM1 M1</title>
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          <isin value="US64832DAF87"/>
          <ticker value="NRZT"/>
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        <balance>501164</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>517600.02</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AW1281</title>
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          <isin value="US3138XQM730"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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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>CERBERUS LOAN FUNDING 51 LLC</name>
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        <title>CERB 2025-2A A</title>
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          <isin value="US15675QAA22"/>
          <ticker value="CERB"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502501.35</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BZ4468</title>
        <cusip>3140NY6E6</cusip>
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          <isin value="US3140NY6E65"/>
          <ticker value="FN"/>
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        <balance>398804.44</balance>
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        <curCd>USD</curCd>
        <valUSD>401448</valUSD>
        <pctVal>0.0416680274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.690000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Diamond II Ltd.</name>
        <lei>254900KL4GQ2XC50XL44</lei>
        <title>RNW 7.95 07/28/26 REGS</title>
        <cusip>V28479AA7</cusip>
        <identifiers>
          <isin value="USV28479AA77"/>
          <ticker value="RNW"/>
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        <balance>450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449990.03</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD2760</title>
        <cusip>3132DQB54</cusip>
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          <isin value="US3132DQB548"/>
          <ticker value="FHLMC"/>
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        <balance>80936.99</balance>
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        <curCd>USD</curCd>
        <valUSD>84292.8</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 3.85 08/04/46</title>
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          <ticker value="AAPL"/>
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        <curCd>USD</curCd>
        <valUSD>106691.68</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>2046-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.850000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA5711</title>
        <cusip>36179UKY7</cusip>
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          <isin value="US36179UKY72"/>
          <ticker value="GNR"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0716</title>
        <cusip>3132DMYM1</cusip>
        <identifiers>
          <isin value="US3132DMYM18"/>
          <ticker value="FHLMC"/>
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        <balance>438793.84</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5305</title>
        <cusip>3140X83P0</cusip>
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          <isin value="US3140X83P09"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F062630</cusip>
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          <isin value="US01F0626303"/>
          <ticker value="FNMA"/>
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        <balance>-3600000</balance>
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        <curCd>USD</curCd>
        <valUSD>-3728671.92</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H062628</cusip>
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          <isin value="US21H0626281"/>
          <ticker value="GNR"/>
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        <balance>659000</balance>
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        <curCd>USD</curCd>
        <valUSD>681436.63</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2621</title>
        <cusip>3140QM4F8</cusip>
        <identifiers>
          <isin value="US3140QM4F80"/>
          <ticker value="FNMA"/>
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        <balance>248259.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216227.26</valUSD>
        <pctVal>0.0224431642</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>1403350.98</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <isin value="US21H0526291"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US01F0506273"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPR TRUST 2024-PMDW</name>
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          <isin value="US05592VAA26"/>
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      <invstOrSec>
        <name>CSMCM 2020-SPT1 Trust</name>
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          <isin value="US12659LAK89"/>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 05/31/32</title>
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          <ticker value="T"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F052623</cusip>
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          <isin value="US01F0526230"/>
          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H060622</cusip>
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          <isin value="US21H0606226"/>
          <ticker value="GNR"/>
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        <balance>238000</balance>
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        <curCd>USD</curCd>
        <valUSD>243443.53</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AFFIRM MASTER TRUST</name>
        <lei>N/A</lei>
        <title>AFRMT 2025-1A A</title>
        <cusip>00833BAA6</cusip>
        <identifiers>
          <isin value="US00833BAA61"/>
          <ticker value="AFRMT"/>
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        <balance>304000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307057.97</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.990000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5513 FD</title>
        <cusip>3137HKE75</cusip>
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          <isin value="US3137HKE750"/>
          <ticker value="FHR"/>
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        <balance>834115.07</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843495.36</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 8 02/21/36 M</title>
        <cusip>P4R1NQAV3</cusip>
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          <isin value="MX0MGO0001L9"/>
          <ticker value="MEX"/>
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        <balance>750000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sunrise Finco l B.V</name>
        <lei>213800MNFBDEQRS6HZ22</lei>
        <title>SUNN 4.625 05/15/32 REGS</title>
        <cusip>N9042BAB7</cusip>
        <identifiers>
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          <ticker value="SUNN"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V4.937 04/23/28</title>
        <cusip>38141GC77</cusip>
        <identifiers>
          <isin value="US38141GC779"/>
          <ticker value="GS"/>
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        <curCd>USD</curCd>
        <valUSD>73787.86</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.937000000000</annualizedRt>
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      <invstOrSec>
        <name>QTS ISSUER ABS II, LLC</name>
        <lei>N/A</lei>
        <title>QTSII 2026-1A B</title>
        <cusip>74690FAS5</cusip>
        <identifiers>
          <isin value="US74690FAS56"/>
          <ticker value="QTSII"/>
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        <balance>32000</balance>
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        <curCd>USD</curCd>
        <valUSD>32338.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.729000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PLACEHOLD PROJECT KABUKI</name>
        <lei>N/A</lei>
        <title>PLACEHOLD PROJECT KABUKI</title>
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        <identifiers>
          <isin value="N/A"/>
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        <balance>100000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NYMT LOAN TRUST 2026-INV1</name>
        <lei>254900KJ201MTW2K6G74</lei>
        <title>NYMT 2026-INV1 B1</title>
        <cusip>62957GAM9</cusip>
        <identifiers>
          <isin value="US62957GAM96"/>
          <ticker value="NYMT"/>
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        <balance>180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180111.94</valUSD>
        <pctVal>0.0186945987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Minejesa Capital BV</name>
        <lei>549300KS7ERCP10BKC35</lei>
        <title>MINCAP 5.625 08/10/37 REGS</title>
        <cusip>N57445AB9</cusip>
        <identifiers>
          <isin value="USN57445AB99"/>
          <ticker value="MINCAP"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197540.25</valUSD>
        <pctVal>0.0205035585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Master Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <title>MSC 2019-L2 XA</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Last Mile Logistics Pan Euro Finance Designated Activity Company</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OBX TR 2025-NQM3</name>
        <lei>254900MBGY6CR10DAX67</lei>
        <title>OBX 2025-NQM3 A1</title>
        <cusip>67448YAC8</cusip>
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        <balance>89892.87</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EFMT 2025-INV1</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-9 FG</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amerigas Partners, L.P./Amerigas Finance Corp.</name>
        <lei>H36E1IF6YS0OBMHM6168</lei>
        <title>APU 9.5 06/01/30 144A</title>
        <cusip>030981AP9</cusip>
        <identifiers>
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          <ticker value="APU"/>
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        <balance>59000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63233.89</valUSD>
        <pctVal>0.0065633194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated</name>
        <lei>254900GTEMR7L40VPI74</lei>
        <title>FOUR 5.5 05/15/33 REGS</title>
        <cusip>YO1565978</cusip>
        <identifiers>
          <isin value="XS3068793754"/>
          <ticker value="FOUR"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0125524185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>UNITY-PEACE PARK CLO LTD</name>
        <lei>N/A</lei>
        <title>UNPPK 2022-1A DR</title>
        <cusip>913318AU5</cusip>
        <identifiers>
          <isin value="US913318AU54"/>
          <ticker value="UNPPK"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250000</valUSD>
        <pctVal>0.0259485833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Galaxy XXII CLO Ltd/Galaxy XXII CLO LLC</name>
        <lei>54930022KENWLYJ8SJ86</lei>
        <title>GALXY 2016-22A AR4</title>
        <cusip>36320TBM4</cusip>
        <identifiers>
          <isin value="US36320TBM45"/>
          <ticker value="GALXY"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250000</valUSD>
        <pctVal>0.0259485833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4322</title>
        <cusip>36179SYT8</cusip>
        <identifiers>
          <isin value="US36179SYT85"/>
          <ticker value="GNR"/>
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        <balance>82301.38</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79435.12</valUSD>
        <pctVal>0.0082449153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 3.15 02/15/28</title>
        <cusip>20030NCA7</cusip>
        <identifiers>
          <isin value="US20030NCA72"/>
          <ticker value="CMCSA"/>
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        <balance>105000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103476.82</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.150000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUK 3.95 08/15/47</title>
        <cusip>26441CAY1</cusip>
        <identifiers>
          <isin value="US26441CAY12"/>
          <ticker value="DUK"/>
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        <balance>88000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67672.5</valUSD>
        <pctVal>0.0070240220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Baltimore Gas &amp; Electric Company</name>
        <lei>88V8C2WYSOD1SPSSLH72</lei>
        <title>EXC 3.75 08/15/47 *</title>
        <cusip>059165EJ5</cusip>
        <identifiers>
          <isin value="US059165EJ51"/>
          <ticker value="EXC"/>
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        <balance>30000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23035.56</valUSD>
        <pctVal>0.0023909606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>SAGB 8 01/31/30 2030</title>
        <cusip>S69124VP7</cusip>
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          <isin value="ZAG000106998"/>
          <ticker value="SOAF"/>
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        <balance>4763515</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
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        <pctVal>0.0314148226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG G61677</title>
        <cusip>31335B2J4</cusip>
        <identifiers>
          <isin value="US31335B2J41"/>
          <ticker value="FHLMC"/>
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        <balance>39108.24</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39113.46</valUSD>
        <pctVal>0.0040597555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HD 4.4 03/15/45</title>
        <cusip>437076BF8</cusip>
        <identifiers>
          <isin value="US437076BF88"/>
          <ticker value="HD"/>
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        <balance>70000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60962.04</valUSD>
        <pctVal>0.0063275143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Amazon.com, Inc.</name>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Highmark Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Citigroup Inc.</name>
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        <name>South Africa (Republic of)</name>
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        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>EXE 5.875 02/01/29 144A</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United Overseas Bank Ltd.</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2026-CES1</name>
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        <name>Bayview Commercial Asset Trust 2006-SP2</name>
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        <name>Citigroup Mortgage Loan Trust Inc.</name>
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        <name>CD&amp;R Firefly Bidco PLC</name>
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        <name>J.P. MORGAN MORTGAGE TRUST 2024-VIS</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN DC7024</title>
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      <invstOrSec>
        <name>Petroleos de Venezuela SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>United States Treasury Notes</name>
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        <name>DP World Ltd.</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA2754</title>
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        <name>Delta Air Lines, Inc. Pass Thru Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FNR 2025-68 CA</title>
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        <name>PMT LOAN TRUST 2025-INV8</name>
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      <invstOrSec>
        <name>Global Atlantic Finance Co.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QC3130</title>
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          <ticker value="FHLMC"/>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA3173</title>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA8488</title>
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        <name>Viper Energy Partners LLC</name>
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        <title>VNOM 5.7 08/01/35</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2025-6</name>
        <lei>213800KZO2G8SSFFDH61</lei>
        <title>VERUS 2025-6 A1</title>
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          <ticker value="VERUS"/>
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        <debtSec>
          <maturityDt>2070-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.417000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE TRUST 2026-CES1</name>
        <lei>N/A</lei>
        <title>JPMMT 2026-CES1 A1B</title>
        <cusip>46660BAB5</cusip>
        <identifiers>
          <isin value="US46660BAB53"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500344.25</valUSD>
        <pctVal>0.0519328977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.959000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleos de Venezuela SA</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>PDVSA 9.75 05/17/35 REGS</title>
        <cusip>P7807HAQ8</cusip>
        <identifiers>
          <isin value="USP7807HAQ85"/>
          <ticker value="PDVSA"/>
        </identifiers>
        <balance>20000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7400</valUSD>
        <pctVal>0.0007680781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.750000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>Walmart Inc</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WMT 5.25 09/01/35</title>
        <cusip>931142CB7</cusip>
        <identifiers>
          <isin value="US931142CB75"/>
          <ticker value="WMT"/>
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        <balance>823000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>868474.58</valUSD>
        <pctVal>0.0901427398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNH 5.8 03/15/36</title>
        <cusip>91324PAR3</cusip>
        <identifiers>
          <isin value="US91324PAR38"/>
          <ticker value="UNH"/>
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        <balance>137000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144966.72</valUSD>
        <pctVal>0.0150467240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</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>Alabama Power Co.</name>
        <lei>0RL818ELFOHP5JHOFU19</lei>
        <title>SO 6 03/01/39</title>
        <cusip>010392FB9</cusip>
        <identifiers>
          <isin value="US010392FB98"/>
          <ticker value="SO"/>
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        <balance>28000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30017.2</valUSD>
        <pctVal>0.0031156153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>Duke Energy Carolinas LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
        <title>DUK 3.75 06/01/45</title>
        <cusip>26442CAP9</cusip>
        <identifiers>
          <isin value="US26442CAP95"/>
          <ticker value="DUK"/>
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        <balance>349000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274751.61</valUSD>
        <pctVal>0.0285176601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Secretaria Do Tesouro Nacional</name>
        <lei>N/A</lei>
        <title>BNTNF 10 01/01/27 NTNF</title>
        <cusip>P8T60MXG3</cusip>
        <identifiers>
          <isin value="BRSTNCNTF1P8"/>
          <ticker value="BLTN"/>
        </identifiers>
        <balance>1119000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
        <valUSD>206996.36</valUSD>
        <pctVal>0.0214850491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</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>Washg Mutual 7-He1</name>
        <lei>N/A</lei>
        <title>WMABS 2007-HE1 2A2</title>
        <cusip>93935KAC4</cusip>
        <identifiers>
          <isin value="US93935KAC45"/>
          <ticker value="WMABS"/>
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        <balance>35556.04</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11175.76</valUSD>
        <pctVal>0.0011599806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.957070000000</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>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX 4.7 12/15/41</title>
        <cusip>75513ECB5</cusip>
        <identifiers>
          <isin value="US75513ECB56"/>
          <ticker value="RTX"/>
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        <balance>113000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104849.72</valUSD>
        <pctVal>0.0108828068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 3.25 01/15/32</title>
        <cusip>361841AR0</cusip>
        <identifiers>
          <isin value="US361841AR08"/>
          <ticker value="GLPI"/>
        </identifiers>
        <balance>14000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12673.84</valUSD>
        <pctVal>0.0013154728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 5.25 03/01/52</title>
        <cusip>694308KD8</cusip>
        <identifiers>
          <isin value="US694308KD85"/>
          <ticker value="PCG"/>
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        <balance>152000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132895.21</valUSD>
        <pctVal>0.0137937697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>ConocoPhillips Co.</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>COP 3.8 03/15/52</title>
        <cusip>20826FAV8</cusip>
        <identifiers>
          <isin value="US20826FAV85"/>
          <ticker value="COP"/>
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        <balance>165000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122082.53</valUSD>
        <pctVal>0.0126714748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000</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>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>THC 4.625 06/15/28</title>
        <cusip>88033GDH0</cusip>
        <identifiers>
          <isin value="US88033GDH02"/>
          <ticker value="THC"/>
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        <balance>117000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116673.39</valUSD>
        <pctVal>0.0121100367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BX6108</title>
        <cusip>3140NAYE7</cusip>
        <identifiers>
          <isin value="US3140NAYE77"/>
          <ticker value="FNMA"/>
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        <balance>183985.57</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187533.69</valUSD>
        <pctVal>0.0194649343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>ANGEL OAK MORTGAGE TRUST 2025-1</name>
        <lei>254900HC0S1X9R2JZB30</lei>
        <title>AOMT 2025-1 A1</title>
        <cusip>034934AA7</cusip>
        <identifiers>
          <isin value="US034934AA73"/>
          <ticker value="AOMT"/>
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        <balance>160791.69</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162640.49</valUSD>
        <pctVal>0.0168811612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.691000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2025-Nqm1</name>
        <lei>N/A</lei>
        <title>MSRM 2025-NQM1 M1</title>
        <cusip>617932AF5</cusip>
        <identifiers>
          <isin value="US617932AF56"/>
          <ticker value="MSRM"/>
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        <balance>182800</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185594.37</valUSD>
        <pctVal>0.0192636439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.496000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington Mutual Mortgage Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>WAMU 2006-AR13 1A</title>
        <cusip>93363RAA4</cusip>
        <identifiers>
          <isin value="US93363RAA41"/>
          <ticker value="WAMU"/>
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        <balance>216732.05</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192293.71</valUSD>
        <pctVal>0.0199589974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Master Asset Securitization Trust</name>
        <lei>N/A</lei>
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        <cusip>55292AAD0</cusip>
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          <isin value="US55292AAD00"/>
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        <curCd>USD</curCd>
        <valUSD>91544.33</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
        <lei>549300CAZKPF4HKMPX17</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Equinix, Inc.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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          <ticker value="INDON"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pacific Gas and Electric Company</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>CMCSA 4.4 08/15/35</title>
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        <curCd>USD</curCd>
        <valUSD>111234.41</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.400000000000</annualizedRt>
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      <invstOrSec>
        <name>Gilead Sciences Inc.</name>
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        <title>GILD 4.75 03/01/46</title>
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          <ticker value="GILD"/>
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        <balance>259000</balance>
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        <curCd>USD</curCd>
        <valUSD>234758.82</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>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB0428</title>
        <cusip>3140QKPN2</cusip>
        <identifiers>
          <isin value="US3140QKPN23"/>
          <ticker value="FNMA"/>
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        <balance>351766.91</balance>
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        <curCd>USD</curCd>
        <valUSD>325503.5</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Servpro Master Issuer Llc</name>
        <lei>N/A</lei>
        <title>SPRO 2024-1A A2</title>
        <cusip>817743AJ6</cusip>
        <identifiers>
          <isin value="US817743AJ65"/>
          <ticker value="SPRO"/>
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        <balance>833000</balance>
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        <curCd>USD</curCd>
        <valUSD>861103.59</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.174000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR ZA6116</title>
        <cusip>31329PYM9</cusip>
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          <isin value="US31329PYM93"/>
          <ticker value="FHLMC"/>
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        <balance>98287.67</balance>
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        <curCd>USD</curCd>
        <valUSD>98333.15</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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      <invstOrSec>
        <name>GOODLEAP HOME IMPROVEMENT SOLUTIONS TRUST 2025-1</name>
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        <title>GDLP 2025-1A A</title>
        <cusip>38237EAA2</cusip>
        <identifiers>
          <isin value="US38237EAA29"/>
          <ticker value="GDLP"/>
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        <balance>212379.84</balance>
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        <curCd>USD</curCd>
        <valUSD>215313.32</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.380000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Venezuela (Republic Of)</name>
        <lei>529900XM8PJTJK5OJI77</lei>
        <title>VENZ 11.95 08/05/31</title>
        <cusip>P17625AD9</cusip>
        <identifiers>
          <isin value="USP17625AD98"/>
          <ticker value="VENZ"/>
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        <balance>33000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14440.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.950000000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDOGB 7 05/15/27 FR59</title>
        <cusip>Y39814HA2</cusip>
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          <isin value="IDG000009804"/>
          <ticker value="INDON"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Consolidated Edison Company of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>ED 4.45 03/15/44</title>
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          <ticker value="ED"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>AAPL 4.45 05/06/44</title>
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          <couponKind>Fixed</couponKind>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA3376</title>
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          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>5300.36</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNP 4.05 03/01/46</title>
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        <curCd>USD</curCd>
        <valUSD>89631.49</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6840</title>
        <cusip>3140QES60</cusip>
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          <isin value="US3140QES600"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>26482.89</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cox Communications, Inc.</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>COXENT 5.8 12/15/53 144A</title>
        <cusip>224044CT2</cusip>
        <identifiers>
          <isin value="US224044CT25"/>
          <ticker value="COXENT"/>
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        <curCd>USD</curCd>
        <valUSD>64196.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CC1079</title>
        <cusip>3140Y7FV5</cusip>
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          <isin value="US3140Y7FV56"/>
          <ticker value="FNMA"/>
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        <balance>132461.14</balance>
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        <curCd>USD</curCd>
        <valUSD>136112.4</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GSR Mtg Loan Trust</name>
        <lei>N/A</lei>
        <title>GSR 2007-1F 2A4</title>
        <cusip>3622MPAN8</cusip>
        <identifiers>
          <isin value="US3622MPAN83"/>
          <ticker value="GSR"/>
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        <balance>30524.07</balance>
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        <curCd>USD</curCd>
        <valUSD>73421.4</valUSD>
        <pctVal>0.0076207252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>Merck &amp; Co., Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MRK 4.15 05/18/43</title>
        <cusip>58933YAJ4</cusip>
        <identifiers>
          <isin value="US58933YAJ47"/>
          <ticker value="MRK"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85900.88</valUSD>
        <pctVal>0.0089160246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.150000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC 5.606 01/15/44</title>
        <cusip>949746RF0</cusip>
        <identifiers>
          <isin value="US949746RF01"/>
          <ticker value="WFC"/>
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        <balance>215000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213114.86</valUSD>
        <pctVal>0.0221201148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.606000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN 890696</title>
        <cusip>31410LRR5</cusip>
        <identifiers>
          <isin value="US31410LRR59"/>
          <ticker value="FNMA"/>
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        <balance>32823.56</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32260.04</valUSD>
        <pctVal>0.0033484093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JNJ 3.7 03/01/46</title>
        <cusip>478160BV5</cusip>
        <identifiers>
          <isin value="US478160BV55"/>
          <ticker value="JNJ"/>
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        <balance>50000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40326.27</valUSD>
        <pctVal>0.0041856383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brookfield Finance Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>BNCN 3.625 02/15/52</title>
        <cusip>11271LAJ1</cusip>
        <identifiers>
          <isin value="US11271LAJ17"/>
          <ticker value="BNCN"/>
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        <balance>490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346461.88</valUSD>
        <pctVal>0.0359607798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clarios Global LP / Clarios US Finance Company Inc</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL 4.75 06/15/31 REGS</title>
        <cusip>C25084AB7</cusip>
        <identifiers>
          <isin value="XS3091295801"/>
          <ticker value="POWSOL"/>
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        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>120684.41</valUSD>
        <pctVal>0.0125263578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LYV 4.75 10/15/27 144A</title>
        <cusip>538034AR0</cusip>
        <identifiers>
          <isin value="US538034AR08"/>
          <ticker value="LYV"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99969.06</valUSD>
        <pctVal>0.0103762219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM 2.95 05/15/50</title>
        <cusip>459200KL4</cusip>
        <identifiers>
          <isin value="US459200KL41"/>
          <ticker value="IBM"/>
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        <balance>203000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129333.74</valUSD>
        <pctVal>0.0134241093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V2.871 04/19/32 144A</title>
        <cusip>09659W2P8</cusip>
        <identifiers>
          <isin value="US09659W2P81"/>
          <ticker value="BNP"/>
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        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>301949.55</valUSD>
        <pctVal>0.0313406522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.871000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunrise Finco l B.V</name>
        <lei>213800MNFBDEQRS6HZ22</lei>
        <title>SUNN 4.875 07/15/31 144A</title>
        <cusip>90320BAA7</cusip>
        <identifiers>
          <isin value="US90320BAA70"/>
          <ticker value="SUNN"/>
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        <balance>590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565113.8</valUSD>
        <pctVal>0.0586556100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pepsico Inc</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEP 2.875 10/15/49</title>
        <cusip>713448EP9</cusip>
        <identifiers>
          <isin value="US713448EP96"/>
          <ticker value="PEP"/>
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        <balance>19000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12515.35</valUSD>
        <pctVal>0.0012990224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 4.8 03/01/50</title>
        <cusip>161175BT0</cusip>
        <identifiers>
          <isin value="US161175BT05"/>
          <ticker value="CHTR"/>
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        <balance>71000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53803.15</valUSD>
        <pctVal>0.0055844621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walt Disney Company</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>DIS 3.5 05/13/40</title>
        <cusip>254687FY7</cusip>
        <identifiers>
          <isin value="US254687FY73"/>
          <ticker value="DIS"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83267.2</valUSD>
        <pctVal>0.0086426635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>Boeing Co.</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BA 5.805 05/01/50</title>
        <cusip>097023CW3</cusip>
        <identifiers>
          <isin value="US097023CW33"/>
          <ticker value="BA"/>
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        <balance>303000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299260.1</valUSD>
        <pctVal>0.0310615025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.805000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5112 KI</title>
        <cusip>3137H0RH3</cusip>
        <identifiers>
          <isin value="US3137H0RH33"/>
          <ticker value="FHLMC"/>
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        <balance>324009.1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59922.89</valUSD>
        <pctVal>0.0062196564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0216</title>
        <cusip>3140XFG21</cusip>
        <identifiers>
          <isin value="US3140XFG210"/>
          <ticker value="FNMA"/>
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        <balance>26279.07</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24357</valUSD>
        <pctVal>0.0025281186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>COLT 2024-6 MORTGAGE LOAN TRUST</name>
        <lei>213800U2X2TO1PQH1O75</lei>
        <title>COLT 2024-6 A1</title>
        <cusip>19688XAA4</cusip>
        <identifiers>
          <isin value="US19688XAA46"/>
          <ticker value="COLT"/>
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        <balance>77005.91</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77604.34</valUSD>
        <pctVal>0.0080548907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.390000000000</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>Dowson 2024-1 PLC</name>
        <lei>635400IRBWDPWKGK1C24</lei>
        <title>DWSON 2024-1 E</title>
        <cusip>G2826SAE9</cusip>
        <identifiers>
          <isin value="XS2919892252"/>
          <ticker value="DWSON"/>
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        <balance>116000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt=".7308071"/>
        <valUSD>158642.59</valUSD>
        <pctVal>0.0164662018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.676500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.933 09/15/27</title>
        <cusip>06051GLV9</cusip>
        <identifiers>
          <isin value="US06051GLV94"/>
          <ticker value="BAC"/>
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        <balance>38000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38449.32</valUSD>
        <pctVal>0.0039908215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.933000000000</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>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.819 09/15/29</title>
        <cusip>06051GLS6</cusip>
        <identifiers>
          <isin value="US06051GLS65"/>
          <ticker value="BAC"/>
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        <balance>40000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41716.32</valUSD>
        <pctVal>0.0043299176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.819000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6636</title>
        <cusip>3140QELS9</cusip>
        <identifiers>
          <isin value="US3140QELS95"/>
          <ticker value="FNMA"/>
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        <balance>293666.97</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254600.53</valUSD>
        <pctVal>0.0264260922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-83 PI</title>
        <cusip>38382QQP8</cusip>
        <identifiers>
          <isin value="US38382QQP80"/>
          <ticker value="GNR"/>
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        <balance>199569.67</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33254.33</valUSD>
        <pctVal>0.0034516110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Pacific Gas and Electric Company</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>PCG 6.95 03/15/34</title>
        <cusip>694308KP1</cusip>
        <identifiers>
          <isin value="US694308KP16"/>
          <ticker value="PCG"/>
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        <balance>436000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>483265.2</valUSD>
        <pctVal>0.0501601891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Secretaria Do Tesouro Nacional</name>
        <lei>N/A</lei>
        <title>BLTN 0 04/01/26 LTN</title>
        <cusip>P8T60NQH7</cusip>
        <identifiers>
          <isin value="BRSTNCLTN8B5"/>
          <ticker value="BLTN"/>
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        <balance>1507000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
        <valUSD>280179.52</valUSD>
        <pctVal>0.0290810464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY2967</title>
        <cusip>3140NKJM4</cusip>
        <identifiers>
          <isin value="US3140NKJM41"/>
          <ticker value="FNMA"/>
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        <balance>42980.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44119.61</valUSD>
        <pctVal>0.0045793655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HBGCN 7.25 06/15/30 144A</title>
        <cusip>44332PAH4</cusip>
        <identifiers>
          <isin value="US44332PAH47"/>
          <ticker value="HBGCN"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104335.4</valUSD>
        <pctVal>0.0108294233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC / Allied Universal Finance Corporation</name>
        <lei>98450038B4549046D794</lei>
        <title>UNSEAM 7.875 02/15/31 144A</title>
        <cusip>019576AD9</cusip>
        <identifiers>
          <isin value="US019576AD90"/>
          <ticker value="UNSEAM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105242.3</valUSD>
        <pctVal>0.0109235543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB7142</title>
        <cusip>3140QS5C1</cusip>
        <identifiers>
          <isin value="US3140QS5C14"/>
          <ticker value="FNMA"/>
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        <balance>58926.96</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61717.05</valUSD>
        <pctVal>0.0064058800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>Energean Israel Finance Ltd.</name>
        <lei>98450044QACBL3F8EB03</lei>
        <title>ENOIGA 8.5 09/30/33</title>
        <cusip>29290WAA5</cusip>
        <identifiers>
          <isin value="IL0011971442"/>
          <ticker value="ENOIGA"/>
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        <balance>16094</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17242.73</valUSD>
        <pctVal>0.0017896977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS3832</title>
        <cusip>3140XKHJ2</cusip>
        <identifiers>
          <isin value="US3140XKHJ20"/>
          <ticker value="FNMA"/>
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        <balance>144423.69</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148732.34</valUSD>
        <pctVal>0.0154375740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM 2025-NQM1 TRUST</name>
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        <name>Household Capital 2025-1 RMBS</name>
        <lei>N/A</lei>
        <title>HHCAU 2025-1 A</title>
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          <isin value="AU3FN0099164"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD2598</title>
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          <isin value="US3132DP3F30"/>
          <ticker value="FHLMC"/>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS2473</title>
        <cusip>3140XHXB8</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 3.95 03/20/28 *</title>
        <cusip>25470DBS7</cusip>
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          <isin value="US25470DBS71"/>
          <ticker value="WBD"/>
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        <balance>714000</balance>
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        <curCd>USD</curCd>
        <valUSD>701505</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR ZN4475</title>
        <cusip>3131YA6L9</cusip>
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          <ticker value="FHLMC"/>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V3.739 04/20/34 EMTN</title>
        <cusip>F105CW6U6</cusip>
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          <isin value="FR0014015L26"/>
          <ticker value="BNP"/>
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        <balance>300000</balance>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA5077</title>
        <cusip>36179TUA1</cusip>
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          <ticker value="GNR"/>
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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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QE4965</title>
        <cusip>3133BEQS5</cusip>
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          <isin value="US3133BEQS54"/>
          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSMC 2022-NQM3 TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2022-NQM3 A1B</title>
        <cusip>12661NAB0</cusip>
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          <isin value="US12661NAB01"/>
          <ticker value="CSMC"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Rocket Companies Inc</name>
        <lei>N/A</lei>
        <title>RKT 6.125 08/01/30 144A</title>
        <cusip>77311WAA9</cusip>
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      <invstOrSec>
        <name>Muthoot Finance Ltd.</name>
        <lei>335800HAMJMBFL4RRF02</lei>
        <title>MUTHIN 5.75 08/04/30 REGS</title>
        <cusip>62828M2F7</cusip>
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        <balance>200000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLP Capital L.P. and GLP Financing II, Inc.</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLPI 5.75 06/01/28</title>
        <cusip>361841AK5</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA5329</title>
        <cusip>36179T4N2</cusip>
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          <isin value="US36179T4N26"/>
          <ticker value="GNR"/>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AU6873</title>
        <cusip>3138X6T70</cusip>
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          <isin value="US3138X6T701"/>
          <ticker value="FNMA"/>
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        <balance>53114.29</balance>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FG G61989</title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR ZN2699</title>
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        <name>Federal National Mortgage Association</name>
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        <title>FN FM1518</title>
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        <name>Pacific Gas and Electric Company</name>
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        <name>Intel Corporation</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS0598</title>
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        <name>Synchrony Financial</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Apple Inc.</name>
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        <name>Vista Energy Argentina SAU</name>
        <lei>549300FE4UJNCG1DB123</lei>
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        <invCountry>AR</invCountry>
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        <name>VELOCITY COML CAP LN TR 2024-6</name>
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        <title>VCC 2024-6 M3</title>
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        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Franklin Mortgage Loan Trust 2005-FF4</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Avianca Midco 2 PLC</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Benchmark 2020-B16 Mortgage Trust</name>
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        <title>BMARK 2019-B9 XA</title>
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          <isin value="US08160JAG22"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FN AS5480</title>
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          <isin value="US3138WFCS34"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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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>SCIH Salt Holdings Inc.</name>
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          <isin value="US78433BAA61"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2856</title>
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          <ticker value="FNMA"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4901</title>
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          <ticker value="GNR"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7255</title>
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          <ticker value="FNMA"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG G60972</title>
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          <isin value="US31335BCH78"/>
          <ticker value="FHLMC"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG G61886</title>
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          <isin value="US31335CCX02"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG G61079</title>
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          <isin value="US31335BFU52"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FG Q59918</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM5315</title>
        <cusip>3140X83Z8</cusip>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7137</title>
        <cusip>36179V4W7</cusip>
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          <isin value="US36179V4W70"/>
          <ticker value="GNR"/>
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        <balance>469112.11</balance>
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      <invstOrSec>
        <name>REGATTA III FUNDING LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WarnerMedia Holdings Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Viper Energy Partners LLC</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Firstenergy Transmission Llc</name>
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        <name>COMM 2025-167G MORTGAGE TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8128</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8134</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3415</title>
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        <name>Ministerio de Hacienda y Credito Publico</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>COLTES 7.25 10/26/50 B</title>
        <cusip>P6S32JU81</cusip>
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        <invCountry>CO</invCountry>
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        <name>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 2.8 08/12/41</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FN CB1432</title>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>48330.3</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
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          <ticker value="WYNMAC"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199590.35</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PEMEX 6.84 01/23/30</title>
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          <ticker value="PEMEX"/>
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        <curCd>USD</curCd>
        <valUSD>55389.58</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Paramount Global</name>
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        <curCd>USD</curCd>
        <valUSD>18223.78</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>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Firstenergy Transmission Llc</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FE 5.45 07/15/44 144A</title>
        <cusip>33767BAA7</cusip>
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          <ticker value="FE"/>
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        <balance>79000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76219.23</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7544</title>
        <cusip>3132DVLZ6</cusip>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4237</title>
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          <ticker value="FHLMC"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7938</title>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fairfax Financial Holdings Limited</name>
        <lei>GLS7OQD0WOEDI8YAP031</lei>
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        <cusip>303901BX9</cusip>
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          <ticker value="FFHCN"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 4.875 11/15/30</title>
        <cusip>37940XAW2</cusip>
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          <ticker value="GPN"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 5.55 11/15/35</title>
        <cusip>37940XAY8</cusip>
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        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 5.75 11/30/45</title>
        <cusip>92343VHH0</cusip>
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          <ticker value="VZ"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BN9004</title>
        <cusip>3140JSAE9</cusip>
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          <ticker value="FNMA"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8205</title>
        <cusip>3132DWDJ9</cusip>
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          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0923</title>
        <cusip>3132DNAY9</cusip>
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          <ticker value="FHLMC"/>
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        <balance>605857.09</balance>
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        <name>Federal National Mortgage Association</name>
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        <name>Ministerio de Hacienda y Credito Publico</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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          <ticker value="GNR"/>
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      <invstOrSec>
        <name>Vontier Corporation</name>
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          <ticker value="VNT"/>
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        <balance>89000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81628.14</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SB0546</title>
        <cusip>3132CWTB0</cusip>
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          <ticker value="FHLMC"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4958</title>
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        <curCd>USD</curCd>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA5039</title>
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          <ticker value="FHLMC"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.875 06/01/53</title>
        <cusip>126650DZ0</cusip>
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          <ticker value="CVS"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96507.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <title>C V2.976 11/05/30</title>
        <cusip>17308CC53</cusip>
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          <ticker value="C"/>
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        <balance>274000</balance>
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        <valUSD>261137.86</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EQT Corporation</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT 5.7 04/01/28</title>
        <cusip>26884LAQ2</cusip>
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          <ticker value="EQT"/>
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        <balance>390000</balance>
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        <curCd>USD</curCd>
        <valUSD>402293.19</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA8560</title>
        <cusip>3133KQQM1</cusip>
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          <ticker value="FHLMC"/>
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        <balance>64870.96</balance>
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        <curCd>USD</curCd>
        <valUSD>66787.13</valUSD>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>GLENLN 6.375 10/06/30 144A</title>
        <cusip>378272BP2</cusip>
        <identifiers>
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          <ticker value="GLENLN"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64690.04</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA6658</title>
        <cusip>36179VMF4</cusip>
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          <isin value="US36179VMF49"/>
          <ticker value="GNR"/>
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          <couponKind>Fixed</couponKind>
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        <name>Washg Mutual 7-He1</name>
        <lei>N/A</lei>
        <title>WMABS 2007-HE1 2A1</title>
        <cusip>93935KAB6</cusip>
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        <name>GOODLEAP HOME IMPROVEMENT SOLUTIONS TRUST 2025-1</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Samarco Mineracao SA</name>
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        <name>Lagarino (European Loan Conduit No. 40) Designated Activity Co.</name>
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        <name>Benefit Street Partners Clo X</name>
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        <name>United States Treasury Notes</name>
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        <name>RFMSI Series 2006-S8 Trust</name>
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        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PM 3.125 08/17/27</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7528</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SC0111</title>
        <cusip>3132D9DQ4</cusip>
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        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.875 02/15/41</title>
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        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <cusip>17327CAQ6</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6711</title>
        <cusip>3140QEN57</cusip>
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          <ticker value="FNMA"/>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Home Depot Inc.</name>
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        <name>MVM Energetika Zartkoruen Mukodo Reszvenytarsasag</name>
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        <name>McDonald's Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Grand City Properties SA</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FN CA8389</title>
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        <name>Federal National Mortgage Association</name>
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        <title>FN FS8791</title>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>Taurus 2025-2 UK DAC</name>
        <lei>635400ZUSGYHROR9ZX12</lei>
        <title>TAURS 2025-UK2X D</title>
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        <name>Wom Mobile S.p.A.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>DIAMETER CAPITAL CLO 2 LTD SERIES 2</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Dowson 2024-1 PLC</name>
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        <name>Self Commercial Mortgage Trust 2024-STRG</name>
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      </invstOrSec>
      <invstOrSec>
        <name>General Motors Financial Company Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM 5.05 04/04/28</title>
        <cusip>37045XFE1</cusip>
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          <isin value="US37045XFE13"/>
          <ticker value="GM"/>
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        <balance>438000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446622.31</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wom Chile Holdco S.p.A.</name>
        <lei>N/A</lei>
        <title>WOMCHH 5 04/01/32 144A</title>
        <cusip>97810KAA9</cusip>
        <identifiers>
          <isin value="US97810KAA97"/>
          <ticker value="WOMCHH"/>
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        <balance>219015</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199522.67</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>Y</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BXMT 2025-FL5 LTD</name>
        <lei>N/A</lei>
        <title>BXMT 2025-FL5 A</title>
        <cusip>05613YAA1</cusip>
        <identifiers>
          <isin value="US05613YAA10"/>
          <ticker value="BXMT"/>
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        <balance>116000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116143.14</valUSD>
        <pctVal>0.0120549998</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.314160000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UK Logistics 2025-1 Designated Activity Co.</name>
        <lei>635400LLQ82YFJBFFU27</lei>
        <title>UKLOG 2025-1X D</title>
        <cusip>G930ZMAD6</cusip>
        <identifiers>
          <isin value="XS3028549478"/>
          <ticker value="UKLOG"/>
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        <balance>113424.62</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt=".7308071"/>
        <valUSD>155776.61</valUSD>
        <pctVal>0.0161687293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.726500000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.4 03/20/55 86</title>
        <cusip>J2S39L7Y4</cusip>
        <identifiers>
          <isin value="JP1300861R49"/>
          <ticker value="JGB"/>
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        <balance>84100000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76"/>
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        <pctVal>0.0443784057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.400000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOMES TR 2025-NQM2</name>
        <lei>N/A</lei>
        <title>HOMES 2025-NQM2 A1</title>
        <cusip>403966AA2</cusip>
        <identifiers>
          <isin value="US403966AA22"/>
          <ticker value="HOMES"/>
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        <balance>86129.99</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86959.05</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.425000000000</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>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>IBM 5.8 02/03/56</title>
        <cusip>459200LV1</cusip>
        <identifiers>
          <isin value="US459200LV14"/>
          <ticker value="IBM"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99686.39</valUSD>
        <pctVal>0.0103468824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V5.141 01/29/37</title>
        <cusip>316773DP2</cusip>
        <identifiers>
          <isin value="US316773DP29"/>
          <ticker value="FITB"/>
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        <balance>40000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39725.33</valUSD>
        <pctVal>0.0041232641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.141000000000</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>JP MORGAN MORTGAGE TRUST 2026-NQM1</name>
        <lei>N/A</lei>
        <title>JPMMT 2026-NQM1 A1LC</title>
        <cusip>46660DAB1</cusip>
        <identifiers>
          <isin value="US46660DAB10"/>
          <ticker value="JPMMT"/>
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        <balance>85000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85132.27</valUSD>
        <pctVal>0.0088362472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.000000000000</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>Lockheed Martin Corporation</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LMT 4.45 05/15/28</title>
        <cusip>539830BZ1</cusip>
        <identifiers>
          <isin value="US539830BZ19"/>
          <ticker value="LMT"/>
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        <balance>227000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229904.37</valUSD>
        <pctVal>0.0238627708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA9625</title>
        <cusip>3133KRVS0</cusip>
        <identifiers>
          <isin value="US3133KRVS02"/>
          <ticker value="FHLMC"/>
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        <balance>29997.32</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30545.64</valUSD>
        <pctVal>0.0031704643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMZN 3.95 04/13/52</title>
        <cusip>023135CJ3</cusip>
        <identifiers>
          <isin value="US023135CJ31"/>
          <ticker value="AMZN"/>
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        <balance>295000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229990.44</valUSD>
        <pctVal>0.0238717043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA6397</title>
        <cusip>3133KNDA8</cusip>
        <identifiers>
          <isin value="US3133KNDA81"/>
          <ticker value="FHLMC"/>
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        <balance>194360.53</balance>
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        <curCd>USD</curCd>
        <valUSD>169468.04</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 5.95 05/15/54</title>
        <cusip>29273VAW0</cusip>
        <identifiers>
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          <ticker value="ET"/>
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        <balance>111000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105829.31</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>
          <annualizedRt>5.950000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medline Borrower LLP / Medline Co-Issuer Inc.</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDIND 6.25 04/01/29 144A</title>
        <cusip>58506DAA6</cusip>
        <identifiers>
          <isin value="US58506DAA63"/>
          <ticker value="MEDIND"/>
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        <curCd>USD</curCd>
        <valUSD>113532.17</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>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1465</title>
        <cusip>3132DNTW3</cusip>
        <identifiers>
          <isin value="US3132DNTW38"/>
          <ticker value="FHLMC"/>
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        <balance>253445.65</balance>
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        <curCd>USD</curCd>
        <valUSD>256114.44</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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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Banks</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>FR QF0895</title>
        <cusip>3133BM7G4</cusip>
        <identifiers>
          <isin value="US3133BM7G42"/>
          <ticker value="FHLB"/>
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        <balance>29538.58</balance>
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        <curCd>USD</curCd>
        <valUSD>29878.71</valUSD>
        <pctVal>0.0031012408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Regatta Funding Ltd.</name>
        <lei>5493008LYJ0TDPRDL051</lei>
        <title>REGT9 2017-1A B1R</title>
        <cusip>75887VAN1</cusip>
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          <isin value="US75887VAN10"/>
          <ticker value="RGTTA"/>
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        <balance>360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361890.79</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden Tree Loan Management Us Clo</name>
        <lei>254900TP00US14X9AP48</lei>
        <title>GLM 2024-23A B</title>
        <cusip>38139KAG4</cusip>
        <identifiers>
          <isin value="US38139KAG40"/>
          <ticker value="GLM"/>
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        <balance>610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>613776.21</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.267630000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.389 04/24/34</title>
        <cusip>95000U3D3</cusip>
        <identifiers>
          <isin value="US95000U3D31"/>
          <ticker value="WFC"/>
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        <balance>384000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397133.36</valUSD>
        <pctVal>0.0412201922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.389000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.164 04/20/29 MTN</title>
        <cusip>61747YFD2</cusip>
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          <isin value="US61747YFD22"/>
          <ticker value="MS"/>
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        <balance>127000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129790.47</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>2029-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.164000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY0557</title>
        <cusip>3140NGTP5</cusip>
        <identifiers>
          <isin value="US3140NGTP59"/>
          <ticker value="FNMA"/>
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        <balance>43752.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44842.17</valUSD>
        <pctVal>0.0046543631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 7.75 10/15/31 144A</title>
        <cusip>92840VAP7</cusip>
        <identifiers>
          <isin value="US92840VAP76"/>
          <ticker value="VST"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105812.1</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</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>NEW RES MTG LN TR 2025-NQM1</name>
        <lei>213800CZKHCTHKMD9W65</lei>
        <title>NRZT 2025-NQM1 A1</title>
        <cusip>64832DAC5</cusip>
        <identifiers>
          <isin value="US64832DAC56"/>
          <ticker value="NRZT"/>
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        <balance>124803</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127043.13</valUSD>
        <pctVal>0.0131863570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.643000000000</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 6.05 08/15/56</title>
        <cusip>00206RMZ2</cusip>
        <identifiers>
          <isin value="US00206RMZ28"/>
          <ticker value="T"/>
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        <balance>231000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231193.81</valUSD>
        <pctVal>0.0239966073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.050000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discovery Communications, LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
        <title>WBD 6.35 06/01/40 *</title>
        <cusip>25470DBZ1</cusip>
        <identifiers>
          <isin value="US25470DBZ15"/>
          <ticker value="WBD"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82531</valUSD>
        <pctVal>0.0085662501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.350000000000</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>COMM 2025-167G MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2025-167G A</title>
        <cusip>12674VAA9</cusip>
        <identifiers>
          <isin value="US12674VAA98"/>
          <ticker value="COMM"/>
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        <balance>36000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36004.47</valUSD>
        <pctVal>0.0037370600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.502680000000</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>CENT TRUST 2025-CITY</name>
        <lei>N/A</lei>
        <title>CENT 2025-CITY A</title>
        <cusip>12517TAA5</cusip>
        <identifiers>
          <isin value="US12517TAA51"/>
          <ticker value="CENT"/>
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        <balance>170000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172443.84</valUSD>
        <pctVal>0.0178986934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.090927000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-129 AB</title>
        <cusip>38381MYE4</cusip>
        <identifiers>
          <isin value="US38381MYE47"/>
          <ticker value="GNR"/>
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        <balance>39737.34</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39573.46</valUSD>
        <pctVal>0.0041075009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA 3.375 02/15/28</title>
        <cusip>124857AT0</cusip>
        <identifiers>
          <isin value="US124857AT09"/>
          <ticker value="PARA"/>
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        <balance>57000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55376.24</valUSD>
        <pctVal>0.0057477399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3356</title>
        <cusip>31418CWS9</cusip>
        <identifiers>
          <isin value="US31418CWS96"/>
          <ticker value="FNMA"/>
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        <balance>1945.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1813.91</valUSD>
        <pctVal>0.0001882736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
        <cusip>84857LAD3</cusip>
        <identifiers>
          <isin value="US84857LAD38"/>
          <ticker value="SR"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199305.17</valUSD>
        <pctVal>0.0206867472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T Reign II (Multi-Property) Lease-Backed Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>ATTRII 6.088 12/15/44 144A</title>
        <cusip>046912AA9</cusip>
        <identifiers>
          <isin value="US046912AA99"/>
          <ticker value="ATTRII"/>
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        <balance>418458.42</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>420496.86</valUSD>
        <pctVal>0.0436451911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.088000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.244 01/24/31</title>
        <cusip>95000U3P6</cusip>
        <identifiers>
          <isin value="US95000U3P60"/>
          <ticker value="WFC"/>
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        <balance>382000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394667.05</valUSD>
        <pctVal>0.0409642032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.244000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Samarco Mineracao SA</name>
        <lei>529900U8HKV15GJC4O60</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.25 08/15/49</title>
        <cusip>912810SJ8</cusip>
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          <ticker value="T"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4158</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vedanta Resources Finance II PLC</name>
        <lei>8945002DGA3BBXO3N634</lei>
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        <cusip>G9T27HAG9</cusip>
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          <ticker value="VEDLN"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Boeing Co.</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD</title>
        <cusip>097023204</cusip>
        <identifiers>
          <isin value="US0970232049"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>New Residential Mortgage Loan Trust 2024-Nqm3</name>
        <lei>213800HBIGZVLLQA9I67</lei>
        <title>NRZT 2024-NQM3 B1</title>
        <cusip>647910AG3</cusip>
        <identifiers>
          <isin value="US647910AG33"/>
          <ticker value="NRZT"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>102494.9</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2025-5</name>
        <lei>213800Z7TIVJRAYLRV98</lei>
        <title>VERUS 2025-5 A1</title>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2070-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>STAR 2025-SFR6 TRUST</name>
        <lei>N/A</lei>
        <title>STAR 2025-SFR6 B</title>
        <cusip>85520EAC5</cusip>
        <identifiers>
          <isin value="US85520EAC57"/>
          <ticker value="STAR"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>501557.15</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.875 PERP GG</title>
        <cusip>17327CBC6</cusip>
        <identifiers>
          <isin value="US17327CBC64"/>
          <ticker value="C"/>
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        <balance>325000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332005.78</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>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Rckt Mortgage Trust 2025-CES7</name>
        <lei>254900E35NYYFOUTHD06</lei>
        <title>RCKT 2025-CES7 A1B</title>
        <cusip>74943AAB8</cusip>
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          <isin value="US74943AAB89"/>
          <ticker value="RCKT"/>
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        <curCd>USD</curCd>
        <valUSD>714017.93</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-25</maturityDt>
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          <annualizedRt>5.478000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>ATH 5.033 07/17/30 144A</title>
        <cusip>04685A4R9</cusip>
        <identifiers>
          <isin value="US04685A4R91"/>
          <ticker value="ATH"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>504225.09</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>2030-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ALLETE INC 5.79%</name>
        <lei>N/A</lei>
        <title>ALLETE INC 5.79%</title>
        <cusip>01599AET5</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.79</annualizedRt>
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      <invstOrSec>
        <name>GCAT 2025-NQM4 TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2025-NQM4 A2</title>
        <cusip>367923AD1</cusip>
        <identifiers>
          <isin value="US367923AD10"/>
          <ticker value="GCAT"/>
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        <balance>449407.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>454768.16</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2070-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.732000000000</annualizedRt>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5564 CA</title>
        <cusip>3137HMCR9</cusip>
        <identifiers>
          <isin value="US3137HMCR93"/>
          <ticker value="FHR"/>
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        <curCd>USD</curCd>
        <valUSD>260803.14</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2052-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-117 NB</title>
        <cusip>38381NQ50</cusip>
        <identifiers>
          <isin value="US38381NQ504"/>
          <ticker value="GNR"/>
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        <balance>609868.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>616748.1</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Americo Life Inc.</name>
        <lei>549300B5C1FRFHBYW144</lei>
        <title>AMERIC 3.45 04/15/31 144A</title>
        <cusip>03060NAD2</cusip>
        <identifiers>
          <isin value="US03060NAD21"/>
          <ticker value="AMERIC"/>
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        <balance>370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334970.98</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.450000000000</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>Tennessee Valley Authority</name>
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      <invstOrSec>
        <name>Figre Trust 2023-HE1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT AB</name>
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        <curCd>USD</curCd>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6876</title>
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          <ticker value="FNMA"/>
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        <balance>55869.7</balance>
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        <curCd>USD</curCd>
        <valUSD>53934.54</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>
          <annualizedRt>3.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8082</title>
        <cusip>3132DV6T7</cusip>
        <identifiers>
          <isin value="US3132DV6T70"/>
          <ticker value="FHLMC"/>
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        <balance>199140.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154318.32</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos Sa De CV</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PEMEX 5.95 01/28/31</title>
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        <identifiers>
          <isin value="US71654QDE98"/>
          <ticker value="PEMEX"/>
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        <balance>66000</balance>
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        <curCd>USD</curCd>
        <valUSD>64383.73</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Frontier Communications Holdings Llc</name>
        <lei>N/A</lei>
        <title>FYBR 5 05/01/28 144A</title>
        <cusip>35906ABF4</cusip>
        <identifiers>
          <isin value="US35906ABF49"/>
          <ticker value="FYBR"/>
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        <balance>263000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263008.68</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8388</title>
        <cusip>3140QGKA4</cusip>
        <identifiers>
          <isin value="US3140QGKA45"/>
          <ticker value="FNMA"/>
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        <balance>297432.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>282432.65</valUSD>
        <pctVal>0.0293149085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0785</title>
        <cusip>3132DM2S3</cusip>
        <identifiers>
          <isin value="US3132DM2S33"/>
          <ticker value="FHLMC"/>
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        <balance>81990.86</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67787.95</valUSD>
        <pctVal>0.0070360051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RB5148</title>
        <cusip>3133KYWH8</cusip>
        <identifiers>
          <isin value="US3133KYWH88"/>
          <ticker value="FHLMC"/>
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        <balance>73763.88</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64377.06</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>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD0789</title>
        <cusip>3132DM2W4</cusip>
        <identifiers>
          <isin value="US3132DM2W45"/>
          <ticker value="FHLMC"/>
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        <balance>15402.76</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12817.65</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FM6863</title>
        <cusip>3140XATV4</cusip>
        <identifiers>
          <isin value="US3140XATV48"/>
          <ticker value="FNMA"/>
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        <balance>104304.42</balance>
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        <curCd>USD</curCd>
        <valUSD>86554.97</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6063</title>
        <cusip>3140QRWZ2</cusip>
        <identifiers>
          <isin value="US3140QRWZ23"/>
          <ticker value="FNMA"/>
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        <balance>188747.47</balance>
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        <curCd>USD</curCd>
        <valUSD>191200.79</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.25 04/21/34 MTN</title>
        <cusip>61747YFE0</cusip>
        <identifiers>
          <isin value="US61747YFE05"/>
          <ticker value="MS"/>
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        <balance>137000</balance>
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        <curCd>USD</curCd>
        <valUSD>140562.72</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>EMRLD Borrower LP / Emerald Co-Issuer Inc.</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMECLI 6.625 12/15/30 144A</title>
        <cusip>29103CAA6</cusip>
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          <isin value="US29103CAA62"/>
          <ticker value="EMECLI"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>103507.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS4629</title>
        <cusip>3140XLEB0</cusip>
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          <isin value="US3140XLEB04"/>
          <ticker value="FNMA"/>
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        <balance>171508.4</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HGB 7 10/24/35 35/A</title>
        <cusip>X51627P88</cusip>
        <identifiers>
          <isin value="HU0000406624"/>
          <ticker value="REPHUN"/>
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        <balance>15260000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="321.78265"/>
        <valUSD>48945.12</valUSD>
        <pctVal>0.0050802261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</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>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.468 01/23/35</title>
        <cusip>06051GMA4</cusip>
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          <isin value="US06051GMA49"/>
          <ticker value="BAC"/>
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        <curCd>USD</curCd>
        <valUSD>248851.27</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>
          <annualizedRt>5.468000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Embraer Netherlands Finance B.V.</name>
        <lei>724500PBR8LR26XBSP67</lei>
        <title>EMBRBZ 5.98 02/11/35</title>
        <cusip>29082HAE2</cusip>
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          <isin value="US29082HAE27"/>
          <ticker value="EMBRBZ"/>
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        <balance>16000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16932.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.980000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEQUOIA MORTGAGE TRUST 2025-5</name>
        <lei>N/A</lei>
        <title>SEMT 2025-5 A5</title>
        <cusip>81743GAE6</cusip>
        <identifiers>
          <isin value="US81743GAE61"/>
          <ticker value="SEMT"/>
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        <balance>733822.44</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737631.49</valUSD>
        <pctVal>0.0765619686</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Viper Energy Partners LLC</name>
        <lei>54930010ZZ02MRGRI973</lei>
        <title>VNOM 5.7 08/01/35</title>
        <cusip>92764MAB0</cusip>
        <identifiers>
          <isin value="US92764MAB00"/>
          <ticker value="VNOM"/>
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        <balance>325000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>330869.5</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>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Directv Financing LLC/Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>DTV 10 02/15/31 144A</title>
        <cusip>25461LAD4</cusip>
        <identifiers>
          <isin value="US25461LAD47"/>
          <ticker value="DTV"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103008.9</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMM 2025-167G MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2025-167G F</title>
        <cusip>12674VAN1</cusip>
        <identifiers>
          <isin value="US12674VAN10"/>
          <ticker value="COMM"/>
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        <balance>18000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17950.85</valUSD>
        <pctVal>0.0018631965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.158630000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GCAT 2025-NQM4 TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2025-NQM4 A1</title>
        <cusip>367923AC3</cusip>
        <identifiers>
          <isin value="US367923AC37"/>
          <ticker value="GCAT"/>
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        <balance>152798.62</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154744.08</valUSD>
        <pctVal>0.0160615586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-06-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000</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>BXP Trust 2017-CC</name>
        <lei>N/A</lei>
        <title>BXP 2017-GM D</title>
        <cusip>056083AL2</cusip>
        <identifiers>
          <isin value="US056083AL23"/>
          <ticker value="BXP"/>
        </identifiers>
        <balance>370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360005.08</valUSD>
        <pctVal>0.0373664872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.424800000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3121</title>
        <cusip>31418CPF5</cusip>
        <identifiers>
          <isin value="US31418CPF58"/>
          <ticker value="FNMA"/>
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        <balance>4509.18</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4388.42</valUSD>
        <pctVal>0.0004554931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 4.3 03/25/28</title>
        <cusip>126650CX6</cusip>
        <identifiers>
          <isin value="US126650CX62"/>
          <ticker value="CVS"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100327.33</valUSD>
        <pctVal>0.0104134083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.300000000000</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>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V4.223 05/01/29</title>
        <cusip>38141GWZ3</cusip>
        <identifiers>
          <isin value="US38141GWZ35"/>
          <ticker value="GS"/>
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        <balance>373000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>373884.39</valUSD>
        <pctVal>0.0388070809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.223000000000</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>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 4.875 11/14/48</title>
        <cusip>00287YBD0</cusip>
        <identifiers>
          <isin value="US00287YBD04"/>
          <ticker value="ABBV"/>
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        <balance>204000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185044.16</valUSD>
        <pctVal>0.0192065352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6849</title>
        <cusip>3140QETF9</cusip>
        <identifiers>
          <isin value="US3140QETF92"/>
          <ticker value="FNMA"/>
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        <balance>58598.35</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56686.2</valUSD>
        <pctVal>0.0058837063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA6823</title>
        <cusip>36179VSL5</cusip>
        <identifiers>
          <isin value="US36179VSL52"/>
          <ticker value="GNR"/>
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        <balance>5931.13</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5878.71</valUSD>
        <pctVal>0.0006101768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 4.55 03/15/35</title>
        <cusip>00287YCY3</cusip>
        <identifiers>
          <isin value="US00287YCY32"/>
          <ticker value="ABBV"/>
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        <balance>71000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69830.56</valUSD>
        <pctVal>0.0072480164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA8391</title>
        <cusip>3140QGKD8</cusip>
        <identifiers>
          <isin value="US3140QGKD83"/>
          <ticker value="FNMA"/>
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        <balance>32175.41</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31061.12</valUSD>
        <pctVal>0.0032239682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7539</title>
        <cusip>3132DVLU7</cusip>
        <identifiers>
          <isin value="US3132DVLU79"/>
          <ticker value="FHLMC"/>
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        <balance>168683.96</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139989.38</valUSD>
        <pctVal>0.0145301043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Ecuador (Republic Of)</name>
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        <name>Sri Lanka (Democratic Socialist Republic of)</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>CANYON CLO 2020-3. LTD</name>
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        <name>Government National Mortgage Association</name>
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        <name>BBCMS MORTGAGE TRUST 2025-C35</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Japan (Government Of)</name>
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        <name>Kapla Holding SAS (Kiloutou)</name>
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        <name>Northern Institutional Funds</name>
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        <name>Dominion Energy Inc</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-9 FE</title>
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        <name>Duomo BidCo S.p.A</name>
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      <invstOrSec>
        <name>Phillips 66 Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Electric Power Co, Inc.</name>
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      <invstOrSec>
        <name>American Electric Power Co, Inc.</name>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-63 DF</title>
        <cusip>3136BWXP6</cusip>
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          <ticker value="FNMA"/>
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        <name>Merck &amp; Co., Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MRK 4.75 12/04/35</title>
        <cusip>58933YBZ7</cusip>
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          <ticker value="MRK"/>
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        <balance>240000</balance>
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        <curCd>USD</curCd>
        <valUSD>237946.81</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MEADE PIPELINE TL</name>
        <lei>N/A</lei>
        <title>MEADE PIPELINE TL</title>
        <cusip>LX2700354</cusip>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <name>HV STRUCTURED SLTN. TL</name>
        <lei>N/A</lei>
        <title>HV STRUCTURED SLTN. TL</title>
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        <identifiers>
          <isin value="N/A"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Tabcorp Finance Pty Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2024-63 FH</title>
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          <couponKind>Floating</couponKind>
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        <name>Acrec 2026-FL4 LLC</name>
        <lei>N/A</lei>
        <title>ACREC 2026-FL4 B</title>
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          <ticker value="ACREC"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>None</couponKind>
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        <name>EVERCORE INC 5.47%</name>
        <lei>N/A</lei>
        <title>EVERCORE INC 5.47%</title>
        <cusip>02099AJX4</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5574 FB</title>
        <cusip>3137HMZ94</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Floating</couponKind>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5503 FB</title>
        <cusip>3137HJD53</cusip>
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        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.047280000000</annualizedRt>
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      <invstOrSec>
        <name>NAVIGATOR 2025-1 AVIATION LIMITED</name>
        <lei>N/A</lei>
        <title>NAVTR 2025-1 A</title>
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          <isin value="US63943GAA04"/>
          <ticker value="NAVTR"/>
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        <curCd>USD</curCd>
        <valUSD>244341.4</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carlyle Group Inc</name>
        <lei>529900NGGVF94UK6PG95</lei>
        <title>CG 5.05 09/19/35</title>
        <cusip>14316JAA6</cusip>
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          <isin value="US14316JAA60"/>
          <ticker value="CGMS"/>
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        <curCd>USD</curCd>
        <valUSD>344492.62</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>2035-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vivion Investments S.a.r.l</name>
        <lei>529900SJ7X71ESJK9N76</lei>
        <title>VIVION V8.125 PERP</title>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Vivion Investments S.a.r.l</name>
        <lei>529900SJ7X71ESJK9N76</lei>
        <title>VIVION 6.5 02/28/29 EMTN</title>
        <cusip>L9673UAE7</cusip>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <valUSD>112385.99</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Herc Holdings</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <cusip>42705FAF3</cusip>
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          <ticker value="HRI"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vivion Investments S.a.r.l</name>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <cusip>83368RCN0</cusip>
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      <invstOrSec>
        <name>Credit Agricole S.A. London Branch</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Air Canada</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>ACACN 4.625 08/15/29</title>
        <cusip>008911BL2</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Planet Fitness Inc.</name>
        <lei>549300LLE5HUPF6H8G33</lei>
        <title>PLNT 2024-1A A2II</title>
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        <curCd>USD</curCd>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA5854</title>
        <cusip>31418FQG5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>CRBG 4.55 01/09/31 144A</title>
        <cusip>00138CBM9</cusip>
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          <ticker value="CRBG"/>
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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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        <name>Aramark</name>
        <lei>42YMHYH0XMHJEXDUB065</lei>
        <title>Aramark Term Loan B-10 175 2030-06-01</title>
        <cusip>03852JBC4</cusip>
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          <isin value="US03852JBC45"/>
          <ticker value="ARMK"/>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PLACEHOLDER CRANE NXT CO</name>
        <lei>N/A</lei>
        <title>PLACEHOLDER CRANE NXT CO</title>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5554 A</title>
        <cusip>3137HMA67</cusip>
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          <isin value="US3137HMA671"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2053-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS CLO 49M-R2 LTD</name>
        <lei>N/A</lei>
        <title>GOCAP 2020-49A A1R2</title>
        <cusip>38181HAC7</cusip>
        <identifiers>
          <isin value="US38181HAC79"/>
          <ticker value="GOCAP"/>
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        <balance>850000</balance>
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        <curCd>USD</curCd>
        <valUSD>850094.86</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC2</name>
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        <title>MSRM 2025-DSC2 A1</title>
        <cusip>61778XAA7</cusip>
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          <isin value="US61778XAA72"/>
          <ticker value="MSRM"/>
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        <curCd>USD</curCd>
        <valUSD>112608.94</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2070-07-25</maturityDt>
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          <annualizedRt>5.443000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM 2025-SBX Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2025-SBX B</title>
        <cusip>20047UAC0</cusip>
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          <isin value="US20047UAC09"/>
          <ticker value="COMM"/>
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        <curCd>USD</curCd>
        <valUSD>14044.85</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.548840000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARK BLUE CLO 2022-II LTD/LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT Corporation</name>
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        <balance>608000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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          <isin value="US36179TNR22"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYF 3.95 12/01/27</title>
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          <ticker value="SYF"/>
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        <balance>30000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HONO MORTGAGE TRUST 2021-LULU</name>
        <lei>N/A</lei>
        <title>HONO 2021-LULU A</title>
        <cusip>40390MAA3</cusip>
        <identifiers>
          <isin value="US40390MAA36"/>
          <ticker value="HONO"/>
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        <balance>210300</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FN MA4467</title>
        <cusip>31418D6D9</cusip>
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          <isin value="US31418D6D92"/>
          <ticker value="FHLMC"/>
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        <balance>50365.92</balance>
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        <curCd>USD</curCd>
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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>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7597</title>
        <cusip>3140QFNP0</cusip>
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          <isin value="US3140QFNP04"/>
          <ticker value="FNMA"/>
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        <balance>202166.6</balance>
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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>
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        <securityLending>
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      <invstOrSec>
        <name>Pepsico Inc</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEP 4.45 05/15/28</title>
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        <balance>364000</balance>
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        <curCd>USD</curCd>
        <valUSD>369677.05</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>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2021-97 LI</title>
        <cusip>38382VHH5</cusip>
        <identifiers>
          <isin value="US38382VHH50"/>
          <ticker value="GNR"/>
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        <balance>712073.43</balance>
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        <curCd>USD</curCd>
        <valUSD>120928.72</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 4.75 07/25/29 0729</title>
        <cusip>X8T02EDA8</cusip>
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          <isin value="PL0000116760"/>
          <ticker value="POLAND"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Dryden 40 Senior Loan Fund Limited Liability Company</name>
        <lei>549300BH0PFEW6WVTN52</lei>
        <title>DRSLF 2015-40A AR2</title>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>VEGAS 2024-GCS</name>
        <lei>N/A</lei>
        <title>VEGAS 2024-GCS D</title>
        <cusip>92254BAC9</cusip>
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          <ticker value="VEGAS"/>
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        <balance>244000</balance>
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        <name>EFMT 2025-INV3</name>
        <lei>254900C1B6ZW3SK54M36</lei>
        <title>EFMT 2025-INV3 A1</title>
        <cusip>26847NAA9</cusip>
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          <ticker value="EFMT"/>
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      <invstOrSec>
        <name>PRPM 2025-NQM3 TRUST</name>
        <lei>N/A</lei>
        <title>PRPM 2025-NQM3 A1</title>
        <cusip>69382NAA0</cusip>
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      <invstOrSec>
        <name>COLT 2025-8 MORTGAGE LOAN TRUST</name>
        <lei>2138009IZ4NQZAKAEN75</lei>
        <title>COLT 2025-8 A1</title>
        <cusip>19689DAA7</cusip>
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        <valUSD>95272.12</valUSD>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.875 12/31/32</title>
        <cusip>91282CPQ8</cusip>
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          <ticker value="T"/>
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        <balance>43000</balance>
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        <curCd>USD</curCd>
        <valUSD>42617.03</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H022622</cusip>
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          <isin value="US21H0226223"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>909317.3</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
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          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4510</title>
        <cusip>36179TAK1</cusip>
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          <isin value="US36179TAK16"/>
          <ticker value="GNR"/>
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        <balance>28846.27</balance>
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        <valUSD>27173.85</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4586</title>
        <cusip>36179TCX1</cusip>
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          <isin value="US36179TCX19"/>
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        <balance>63284.99</balance>
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        <curCd>USD</curCd>
        <valUSD>59381.11</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA3182</title>
        <cusip>31418CRC0</cusip>
        <identifiers>
          <isin value="US31418CRC00"/>
          <ticker value="FNMA"/>
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        <balance>90809.19</balance>
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        <curCd>USD</curCd>
        <valUSD>85116.5</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Northrop Grumman Corporation</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>NOC 4.03 10/15/47</title>
        <cusip>666807BP6</cusip>
        <identifiers>
          <isin value="US666807BP60"/>
          <ticker value="NOC"/>
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        <balance>32000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25863.06</valUSD>
        <pctVal>0.0026844391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.030000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA4838</title>
        <cusip>36179TLT0</cusip>
        <identifiers>
          <isin value="US36179TLT06"/>
          <ticker value="GNR"/>
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        <balance>33476.98</balance>
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        <curCd>USD</curCd>
        <valUSD>32269.6</valUSD>
        <pctVal>0.0033494016</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Melco Resorts Finance Limited</name>
        <lei>5493000FQDBWKDBZEF60</lei>
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        <cusip>G5975LAF3</cusip>
        <identifiers>
          <isin value="USG5975LAF34"/>
          <ticker value="MPEL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199979.61</valUSD>
        <pctVal>0.0207567503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>India Green Power Holdings</name>
        <lei>254900I7N0GT4VVL6V29</lei>
        <title>INGPHL 4 02/22/27 REGS</title>
        <cusip>V4819LAA0</cusip>
        <identifiers>
          <isin value="USV4819LAA09"/>
          <ticker value="INGPHL"/>
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        <balance>216650</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>212630.69</valUSD>
        <pctVal>0.0220698607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 2.85 09/03/41</title>
        <cusip>92343VGL2</cusip>
        <identifiers>
          <isin value="US92343VGL27"/>
          <ticker value="VZ"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71943.75</valUSD>
        <pctVal>0.0074673536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.850000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>DE 2.35 03/08/27 MTN</title>
        <cusip>24422EWD7</cusip>
        <identifiers>
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          <ticker value="DE"/>
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        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98575.57</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.350000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6463</title>
        <cusip>3140QSFD8</cusip>
        <identifiers>
          <isin value="US3140QSFD86"/>
          <ticker value="FNMA"/>
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        <balance>136365.77</balance>
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        <curCd>USD</curCd>
        <valUSD>139979.96</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>EXR 5.5 07/01/30</title>
        <cusip>30225VAK3</cusip>
        <identifiers>
          <isin value="US30225VAK35"/>
          <ticker value="EXR"/>
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        <balance>237000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>246613.93</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB6872</title>
        <cusip>3140QST68</cusip>
        <identifiers>
          <isin value="US3140QST681"/>
          <ticker value="FNMA"/>
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        <balance>423734.36</balance>
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        <curCd>USD</curCd>
        <valUSD>436126.89</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>2023-MIC TRUST/THE</name>
        <lei>N/A</lei>
        <title>THE 2023-MIC A</title>
        <cusip>87256GAA0</cusip>
        <identifiers>
          <isin value="US87256GAA04"/>
          <ticker value="THE"/>
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        <balance>30000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32394.17</valUSD>
        <pctVal>0.0033623313</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RJ0320</title>
        <cusip>3142GQLA8</cusip>
        <identifiers>
          <isin value="US3142GQLA83"/>
          <ticker value="FHLMC"/>
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        <balance>65610.18</balance>
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        <curCd>USD</curCd>
        <valUSD>68716.86</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS5537</title>
        <cusip>3140XMEK8</cusip>
        <identifiers>
          <isin value="US3140XMEK85"/>
          <ticker value="FNMA"/>
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        <balance>204141.9</balance>
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        <curCd>USD</curCd>
        <valUSD>213690.43</valUSD>
        <pctVal>0.0221798557</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 06/30/29</title>
        <cusip>91282CKX8</cusip>
        <identifiers>
          <isin value="US91282CKX82"/>
          <ticker value="T"/>
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        <balance>2000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2037.58</valUSD>
        <pctVal>0.0002114893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkey (Republic of)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKGB 30 09/12/29 5Y</title>
        <cusip>M8T85VJD0</cusip>
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          <isin value="TRT120929T12"/>
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        <issuerCat>NUSS</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>VW V5.994 PERP .</title>
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          <ticker value="VW"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <cusip>46647PFG6</cusip>
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        <curCd>USD</curCd>
        <valUSD>56849.86</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.347000000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-1 CT</title>
        <cusip>38385CRP5</cusip>
        <identifiers>
          <isin value="US38385CRP58"/>
          <ticker value="GNR"/>
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        <balance>100294.33</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100039.62</valUSD>
        <pctVal>0.0103835456</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PRIME PPTY FD 5.81%</name>
        <lei>N/A</lei>
        <title>PRIME PPTY FD 5.81%</title>
        <cusip>74199AVS9</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="2B1TVTU"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400000</valUSD>
        <pctVal>0.0415177332</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.81</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>CERBERUS LOAN FUNDING 51 LLC</name>
        <lei>N/A</lei>
        <title>CERB 2025-2A B</title>
        <cusip>15675QAC8</cusip>
        <identifiers>
          <isin value="US15675QAC87"/>
          <ticker value="CERB"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500429.7</valUSD>
        <pctVal>0.0519417670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.522190000000</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>Lazard Group LLC</name>
        <lei>FI94J2CJ1D7BIGVMS874</lei>
        <title>LAZ 5.625 08/01/35</title>
        <cusip>52107QAM7</cusip>
        <identifiers>
          <isin value="US52107QAM78"/>
          <ticker value="LAZ"/>
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        <balance>550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563534.44</valUSD>
        <pctVal>0.0584916814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</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>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 5566 EA</title>
        <cusip>3137HMHR4</cusip>
        <identifiers>
          <isin value="US3137HMHR49"/>
          <ticker value="FHR"/>
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        <balance>688931.64</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>690089.8</valUSD>
        <pctVal>0.0716274106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OneMain Financial Corporation</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OMF 6.125 05/15/30</title>
        <cusip>682691AL4</cusip>
        <identifiers>
          <isin value="US682691AL46"/>
          <ticker value="OMF"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>356788.25</valUSD>
        <pctVal>0.0370325985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="361492.570000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ELDRIDGE CLO 2025-1 LTD</name>
        <lei>N/A</lei>
        <title>ELD 2025-1A B</title>
        <cusip>284913AE0</cusip>
        <identifiers>
          <isin value="US284913AE00"/>
          <ticker value="ELD"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401037.4</valUSD>
        <pctVal>0.0416254095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000</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>DK CROWN HLDGS TL</name>
        <lei>N/A</lei>
        <title>DK CROWN HLDGS TL</title>
        <cusip>LX2593379</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="IDII" value="LX259337"/>
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        <balance>497815.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497815.47</valUSD>
        <pctVal>0.0516704247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC V5.13 03/03/31</title>
        <cusip>404280ER6</cusip>
        <identifiers>
          <isin value="US404280ER67"/>
          <ticker value="HSBC"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327977.31</valUSD>
        <pctVal>0.0340421862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.130000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MetLife Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MET V6.35 03/15/55 G</title>
        <cusip>59156RCQ9</cusip>
        <identifiers>
          <isin value="US59156RCQ92"/>
          <ticker value="MET"/>
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        <balance>480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504125.76</valUSD>
        <pctVal>0.0523253970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.350000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AESOP 2025-2A A</title>
        <cusip>05377RKQ6</cusip>
        <identifiers>
          <isin value="US05377RKQ64"/>
          <ticker value="AESOP"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025659.6</valUSD>
        <pctVal>0.1064576542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.120000000000</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>Belrose Funding Trust II</name>
        <lei>N/A</lei>
        <title>LNC 6.792 05/15/55</title>
        <cusip>08079KAA2</cusip>
        <identifiers>
          <isin value="US08079KAA25"/>
          <ticker value="LNC"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335496.56</valUSD>
        <pctVal>0.0348226417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.792000000000</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>NTT Finance Corp</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT 5.502 07/16/35 144A</title>
        <cusip>62954WAV7</cusip>
        <identifiers>
          <isin value="US62954WAV72"/>
          <ticker value="NTT"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206602.95</valUSD>
        <pctVal>0.0214442154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.502000000000</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>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NWIDE V5.537 07/14/36 144A</title>
        <cusip>63861VAN7</cusip>
        <identifiers>
          <isin value="US63861VAN73"/>
          <ticker value="NWIDE"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205737.06</valUSD>
        <pctVal>0.0213543409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.537000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JCP DIRECT LENDING CLO 2023-1 LTD</name>
        <lei>254900B78BA7J8JB6X59</lei>
        <title>JCPDL 2023-1A AJR</title>
        <cusip>46656TAU0</cusip>
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          <isin value="US46656TAU07"/>
          <ticker value="JCPDL"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000657.9</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MILE Trust 2025-STNE</name>
        <lei>N/A</lei>
        <title>MILE 2025-STNE B</title>
        <cusip>59918AAC8</cusip>
        <identifiers>
          <isin value="US59918AAC80"/>
          <ticker value="MILE"/>
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        <balance>850000</balance>
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        <curCd>USD</curCd>
        <valUSD>851062.5</valUSD>
        <pctVal>0.0883354646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.380190000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Symetra Life Insurance Co.</name>
        <lei>2CKADF5K7JYB5EG0VY36</lei>
        <title>SYA 6.55 10/01/55 144A</title>
        <cusip>87151KAA7</cusip>
        <identifiers>
          <isin value="US87151KAA79"/>
          <ticker value="SYA"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154851.4</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>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.550000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SALUDA GRADE ALTERNATIVE MORTGAGE T</name>
        <lei>N/A</lei>
        <title>GRADE 2025-LOC4 A1A</title>
        <cusip>79589VAN4</cusip>
        <identifiers>
          <isin value="US79589VAN47"/>
          <ticker value="GRADE"/>
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        <balance>692808.58</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>697706.04</valUSD>
        <pctVal>0.0724179331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.481730000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRICON RESIDENTIAL 2025-SFR2 TRUST</name>
        <lei>N/A</lei>
        <title>TCN 2025-SFR2 B</title>
        <cusip>89617FAB0</cusip>
        <identifiers>
          <isin value="US89617FAB04"/>
          <ticker value="TCN"/>
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        <balance>999006.49</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005352.58</valUSD>
        <pctVal>0.1043499006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.424000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2020-Pj2</name>
        <lei>N/A</lei>
        <title>GSMBS 2025-HE1 A1</title>
        <cusip>36272NAA2</cusip>
        <identifiers>
          <isin value="US36272NAA28"/>
          <ticker value="GSMBS"/>
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        <balance>436136.14</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438517.36</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.424190000000</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>Eagle Funding Luxco S.a.r.l.</name>
        <lei>894500VDP08MVIZ6OA60</lei>
        <title>MEXPCP 5.5 08/17/30 144A</title>
        <cusip>26951TAA8</cusip>
        <identifiers>
          <isin value="US26951TAA88"/>
          <ticker value="MEX"/>
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        <balance>450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>457119</valUSD>
        <pctVal>0.0474463617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-65 BA</title>
        <cusip>3136BWU53</cusip>
        <identifiers>
          <isin value="US3136BWU533"/>
          <ticker value="FNMA"/>
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        <balance>649718.38</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>650112.82</valUSD>
        <pctVal>0.0674780266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>BSPRT 2025-FL12 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2025-FL12 B</title>
        <cusip>05619BAE7</cusip>
        <identifiers>
          <isin value="US05619BAE74"/>
          <ticker value="BSPRT"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150740.81</valUSD>
        <pctVal>0.0156460418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.623360000000</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>STORE MASTER FUNDING I - VII XIV XIX XX XXII XXIV XXXVII XXXVIII</name>
        <lei>N/A</lei>
        <title>STR 2025-1A A5</title>
        <cusip>86212FAF6</cusip>
        <identifiers>
          <isin value="US86212FAF62"/>
          <ticker value="STR"/>
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        <balance>599000.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594625.04</valUSD>
        <pctVal>0.0617187095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.170000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCHWEST 2025-RTL1</name>
        <lei>N/A</lei>
        <title>ARCHW 2025-RTL1 A1</title>
        <cusip>039966AA4</cusip>
        <identifiers>
          <isin value="US039966AA40"/>
          <ticker value="ARCHW"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>351408.12</valUSD>
        <pctVal>0.0364741715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.196000000000</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>Apollo Management Holdings, L.P.</name>
        <lei>5493006XQW0V5K38YM64</lei>
        <title>APO 2.65 06/05/30 144A</title>
        <cusip>03765HAF8</cusip>
        <identifiers>
          <isin value="US03765HAF82"/>
          <ticker value="APO"/>
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        <balance>360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335108.78</valUSD>
        <pctVal>0.0347823923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust 2022-NQM3</name>
        <lei>N/A</lei>
        <title>BRAVO 2024-NQM6 A3</title>
        <cusip>05613JAE6</cusip>
        <identifiers>
          <isin value="US05613JAE64"/>
          <ticker value="BRAVO"/>
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        <balance>553911.07</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>557446.57</valUSD>
        <pctVal>0.0578597950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.714000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FS RIALTO LLC 2025-FL10</name>
        <lei>N/A</lei>
        <title>FSRIA 2025-FL10 A</title>
        <cusip>30340KAA9</cusip>
        <identifiers>
          <isin value="US30340KAA97"/>
          <ticker value="FSRIA"/>
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        <balance>850000</balance>
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        <curCd>USD</curCd>
        <valUSD>849807.05</valUSD>
        <pctVal>0.0882051560</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.060410000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novelis</name>
        <lei>549300DP3XIGY7CFV648</lei>
        <title>Novelis Term Loan B 200 2032-02-09</title>
        <cusip>67000LAB8</cusip>
        <identifiers>
          <isin value="US67000LAB80"/>
          <ticker value="HNDLIN"/>
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        <balance>895488.72</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>895112.61</valUSD>
        <pctVal>0.0929076164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.320000000000</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>Stack Infrastructure Issuer Llc</name>
        <lei>254900AV7V87H3A2WM57</lei>
        <title>SIDC 2025-1A A2</title>
        <cusip>85236KAP7</cusip>
        <identifiers>
          <isin value="US85236KAP75"/>
          <ticker value="SIDC"/>
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        <balance>1300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1283994.4</valUSD>
        <pctVal>0.1332713424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers Clo 34 Ltd</name>
        <lei>5493009EGZQAPYYVLD80</lei>
        <title>NEUB 2019-32RA B</title>
        <cusip>64135XAC5</cusip>
        <identifiers>
          <isin value="US64135XAC56"/>
          <ticker value="NEUB"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>806058.08</valUSD>
        <pctVal>0.0836642608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NYMT LOAN TRUST 2025-CP1</name>
        <lei>254900JF85A0S614L988</lei>
        <title>NYMT 2025-CP1 A1</title>
        <cusip>67121VAA2</cusip>
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          <isin value="US67121VAA26"/>
          <ticker value="NYMT"/>
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        <curCd>USD</curCd>
        <valUSD>777416.06</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PMT LOAN TRUST 2025-INV7</name>
        <lei>N/A</lei>
        <title>PMTLT 2025-INV7 A7</title>
        <cusip>73015FAG1</cusip>
        <identifiers>
          <isin value="US73015FAG19"/>
          <ticker value="PMTLT"/>
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        <curCd>USD</curCd>
        <valUSD>695881.65</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bravo Residential Funding Trust 2025-NQM7</name>
        <lei>254900I1LYOO3G3UAT10</lei>
        <title>BRAVO 2025-NQM7 A2</title>
        <cusip>10570TAC9</cusip>
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          <isin value="US10570TAC99"/>
          <ticker value="BRAVO"/>
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        <curCd>USD</curCd>
        <valUSD>775172.11</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-07-25</maturityDt>
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      <invstOrSec>
        <name>KKR Group Finance Co VIII LLC</name>
        <lei>N/A</lei>
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        <cusip>48252MAA3</cusip>
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          <isin value="US48252MAA36"/>
          <ticker value="KKR"/>
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        <curCd>USD</curCd>
        <valUSD>348894.97</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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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>ANZ V2.57 11/25/35 144A</title>
        <cusip>052528AM8</cusip>
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          <isin value="US052528AM81"/>
          <ticker value="ANZ"/>
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        <curCd>USD</curCd>
        <valUSD>343174.67</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-25</maturityDt>
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      <invstOrSec>
        <name>LOANCORE 2025-CRE9 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>LNCR 2025-CRE9 B</title>
        <cusip>538912AE6</cusip>
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          <isin value="US538912AE67"/>
          <ticker value="LNCR"/>
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        <balance>150000</balance>
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        <curCd>USD</curCd>
        <valUSD>150187.67</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-18</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOANCORE 2025-CRE9 ISSUER LLC</name>
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        <title>LNCR 2025-CRE9 AS</title>
        <cusip>538912AC0</cusip>
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          <isin value="US538912AC02"/>
          <ticker value="LNCR"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>350440.55</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-18</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRTX 2025-FL7 ISSUER LTD</name>
        <lei>N/A</lei>
        <title>TRTX 2025-FL7 AS</title>
        <cusip>87277LAC0</cusip>
        <identifiers>
          <isin value="US87277LAC00"/>
          <ticker value="TRTX"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>249998.73</valUSD>
        <pctVal>0.0259484515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.375360000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nippon Life Insurance Co.</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
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        <cusip>654579AH4</cusip>
        <identifiers>
          <isin value="US654579AH48"/>
          <ticker value="NIPLIF"/>
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        <balance>1190000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1072049.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AmFam Holdings Inc.</name>
        <lei>N/A</lei>
        <title>AMFAHI 2.805 03/11/31 144A</title>
        <cusip>03115AAA1</cusip>
        <identifiers>
          <isin value="US03115AAA16"/>
          <ticker value="AMFAHI"/>
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        <curCd>USD</curCd>
        <valUSD>343923.79</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>2031-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Meiji Yasuda Life Insurance Co.</name>
        <lei>549300SLU4LP6YMRLK07</lei>
        <title>MYLIFE V6.1 06/11/55 144A</title>
        <cusip>585270AE1</cusip>
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        <curCd>USD</curCd>
        <valUSD>566128.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
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        <cusip>202712BX2</cusip>
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          <ticker value="CBAAU"/>
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        <curCd>USD</curCd>
        <valUSD>359445.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.929000000000</annualizedRt>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS 69(M)-R LTD</name>
        <lei>2549004WBNSFGOX1MY52</lei>
        <title>GOCAP 2023-69A BR</title>
        <cusip>38182GAC8</cusip>
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          <ticker value="GOCAP"/>
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        <curCd>USD</curCd>
        <valUSD>1100343.31</valUSD>
        <pctVal>0.1142094000</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2025-1 MT</title>
        <cusip>38385CQG6</cusip>
        <identifiers>
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          <ticker value="GNR"/>
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        <balance>241649.54</balance>
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        <curCd>USD</curCd>
        <valUSD>241612.21</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MN8 Portfolio IV LLC / MN8 Mulberry Bess Holdco LLC</name>
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        <cusip>55339TAA0</cusip>
        <identifiers>
          <isin value="US55339TAA07"/>
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        <curCd>USD</curCd>
        <valUSD>905140.02</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.310000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JCP DIRECT LENDING CLO 2023-1 LTD</name>
        <lei>254900B78BA7J8JB6X59</lei>
        <title>JCPDL 2023-1A A1R</title>
        <cusip>46656TAS5</cusip>
        <identifiers>
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          <ticker value="JCPDL"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>349977.53</valUSD>
        <pctVal>0.0363256843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.317630000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Golub Capital Partners CLO 83 M</name>
        <lei>254900VLZT72CPBHZ909</lei>
        <title>GOCAP 2025-83A B</title>
        <cusip>38182EAE9</cusip>
        <identifiers>
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          <ticker value="GOCAP"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400117.72</valUSD>
        <pctVal>0.0415299519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-09</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARES DIRECT LENDING CLO 7 LLC</name>
        <lei>254900FZTAJNX33DJ460</lei>
        <title>ARESDL 2025-3A B</title>
        <cusip>039973AE2</cusip>
        <identifiers>
          <isin value="US039973AE21"/>
          <ticker value="ARESDL"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250168.15</valUSD>
        <pctVal>0.0259660363</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V6.25 PERP</title>
        <cusip>06055HAK9</cusip>
        <identifiers>
          <isin value="US06055HAK95"/>
          <ticker value="BAC"/>
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        <balance>25000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25446.27</valUSD>
        <pctVal>0.0026411786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.95 09/26/55</title>
        <cusip>68389XDR3</cusip>
        <identifiers>
          <isin value="US68389XDR35"/>
          <ticker value="ORCL"/>
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        <balance>300000</balance>
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        <curCd>USD</curCd>
        <valUSD>264532.08</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>2055-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BSPRT 2025-FL12 ISSUER LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2025-FL12 AS</title>
        <cusip>05619BAC1</cusip>
        <identifiers>
          <isin value="US05619BAC19"/>
          <ticker value="BSPRT"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150192.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.323360000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Costar Group Inc</name>
        <lei>984500Q1D53D08E2E698</lei>
        <title>CSGP 2.8 07/15/30 144A</title>
        <cusip>22160NAA7</cusip>
        <identifiers>
          <isin value="US22160NAA72"/>
          <ticker value="CSGP"/>
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        <balance>115000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105868.51</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>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.800000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sodexo Inc</name>
        <lei>549300WSZGQGJQXRFU84</lei>
        <title>SWFP 5.8 08/15/35 144A</title>
        <cusip>833794AD2</cusip>
        <identifiers>
          <isin value="US833794AD25"/>
          <ticker value="SWFP"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>832542.73</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PFP 2025-12 LTD/LLC</name>
        <lei>N/A</lei>
        <title>PFP 2025-12 A</title>
        <cusip>69382JAA9</cusip>
        <identifiers>
          <isin value="US69382JAA97"/>
          <ticker value="PFP"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1500975.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.162480000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRPM 2025-RCF3 LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-RCF3 A1</title>
        <cusip>69392PAA3</cusip>
        <identifiers>
          <isin value="US69392PAA30"/>
          <ticker value="PRPM"/>
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        <balance>415558.03</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>418922.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Venture Global Plaquemines Lng LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>VEGLPL 6.75 01/15/36 144A</title>
        <cusip>922966AD8</cusip>
        <identifiers>
          <isin value="US922966AD85"/>
          <ticker value="VEGLPL"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209651.98</valUSD>
        <pctVal>0.0217606874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V3.7 10/01/50</title>
        <cusip>744320BH4</cusip>
        <identifiers>
          <isin value="US744320BH48"/>
          <ticker value="PRU"/>
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        <balance>360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335989.69</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>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cox Communications, Inc.</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>COXENT 2.95 10/01/50 144A</title>
        <cusip>224044CM7</cusip>
        <identifiers>
          <isin value="US224044CM71"/>
          <ticker value="COXENT"/>
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        <balance>160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89813.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
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      <invstOrSec>
        <name>Flowserve Corporation</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>FLS 3.5 10/01/30</title>
        <cusip>34354PAF2</cusip>
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          <isin value="US34354PAF27"/>
          <ticker value="FLS"/>
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        <balance>106000</balance>
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        <curCd>USD</curCd>
        <valUSD>101260.57</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V6.375 08/15/55</title>
        <cusip>65339KDE7</cusip>
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          <isin value="US65339KDE73"/>
          <ticker value="NEE"/>
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        <balance>307000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>200 PK Funding Trust</name>
        <lei>N/A</lei>
        <title>MET 5.74 02/15/55</title>
        <cusip>901928AA9</cusip>
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          <isin value="US901928AA97"/>
          <ticker value="MET"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.740000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA5734</title>
        <cusip>31418FLQ8</cusip>
        <identifiers>
          <isin value="US31418FLQ80"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>6492973.13</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ascot Group Limited</name>
        <lei>213800DJV7WRJBE2II28</lei>
        <title>ASCOTG V6.349 06/15/35 144A</title>
        <cusip>04365XAB4</cusip>
        <identifiers>
          <isin value="US04365XAB47"/>
          <ticker value="ASCOTG"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>328833.82</valUSD>
        <pctVal>0.0341310870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.349000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Flutter Entertainment</name>
        <lei>635400EG4YIJLJMZJ782</lei>
        <title>Flutter Entertainment Term Loan B (Incremental) 200 2032-05-17</title>
        <cusip>N3313EAJ9</cusip>
        <identifiers>
          <isin value="XAN3313EAJ90"/>
          <ticker value="FLTR"/>
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        <balance>447750</balance>
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        <curCd>USD</curCd>
        <valUSD>445882.88</valUSD>
        <pctVal>0.0462801162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-24</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TOWD POINT MORTGAGE TRUST 2025-CES4</name>
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        <valUSD>455795.28</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nassau Companies Of New York</name>
        <lei>549300Q3ENSFI87YLC32</lei>
        <title>NASSAU 7.875 07/15/30 144A</title>
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          <ticker value="PNX"/>
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        <curCd>USD</curCd>
        <valUSD>134395.86</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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      <invstOrSec>
        <name>MG AZALEA LP TL 6.45%</name>
        <lei>N/A</lei>
        <title>MG AZALEA LP TL 6.45%</title>
        <cusip>55299BHE2</cusip>
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          <isin value="N/A"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STAR 2025-SFR6 TRUST</name>
        <lei>N/A</lei>
        <title>STAR 2025-SFR6 A</title>
        <cusip>85520EAA9</cusip>
        <identifiers>
          <isin value="US85520EAA91"/>
          <ticker value="STAR"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>500751.25</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2025-69 DA</title>
        <cusip>3136BWB21</cusip>
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          <isin value="US3136BWB210"/>
          <ticker value="FNMA"/>
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        <balance>846145.86</balance>
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        <curCd>USD</curCd>
        <valUSD>848843.63</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D V6 02/15/56 **</title>
        <cusip>25746UDZ9</cusip>
        <identifiers>
          <isin value="US25746UDZ93"/>
          <ticker value="D"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151617.27</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>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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      <invstOrSec>
        <name>RWC COMMERCIAL MORTGAGE 2025-1</name>
        <lei>N/A</lei>
        <title>RWC 2025-1 A</title>
        <cusip>78348LAA8</cusip>
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          <isin value="US78348LAA89"/>
          <ticker value="RWC"/>
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        <balance>335755.48</balance>
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        <curCd>USD</curCd>
        <valUSD>336416.11</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>
          <annualizedRt>5.007000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA5880</title>
        <cusip>31418FRA7</cusip>
        <identifiers>
          <isin value="US31418FRA74"/>
          <ticker value="FNMA"/>
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        <balance>4946824.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5063691.11</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DNKN 2025-1A A2II</title>
        <cusip>233046AW1</cusip>
        <identifiers>
          <isin value="US233046AW13"/>
          <ticker value="DUNKN"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149660.81</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.165000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG V5.115 05/23/31</title>
        <cusip>639057AV0</cusip>
        <identifiers>
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          <ticker value="NWG"/>
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        <balance>800000</balance>
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        <curCd>USD</curCd>
        <valUSD>820657.54</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.115000000000</annualizedRt>
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      <invstOrSec>
        <name>GCAT 2025-NQM2 TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2025-NQM2 A3</title>
        <cusip>36171HAC3</cusip>
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          <isin value="US36171HAC34"/>
          <ticker value="GCAT"/>
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        <balance>637781.22</balance>
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        <curCd>USD</curCd>
        <valUSD>646259.63</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCEGP V2.277 01/20/32 144A</title>
        <cusip>05583JAJ1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Life Insurance Co.</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>SUMILF V3.375 04/15/81 144A</title>
        <cusip>86564CAC4</cusip>
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        <balance>360000</balance>
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        <curCd>USD</curCd>
        <valUSD>335405.38</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <annualizedRt>3.375000000000</annualizedRt>
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      <invstOrSec>
        <name>STWD 2021-FL2 LTD</name>
        <lei>N/A</lei>
        <title>STWD 2021-FL2 AS</title>
        <cusip>78486BAC8</cusip>
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          <ticker value="STWD"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.744 02/12/36</title>
        <cusip>06051GMQ9</cusip>
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          <ticker value="BAC"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>361888.26</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CMS Energy Corporation</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS V6.5 06/01/55</title>
        <cusip>125896BY5</cusip>
        <identifiers>
          <isin value="US125896BY50"/>
          <ticker value="CMS"/>
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        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340841.82</valUSD>
        <pctVal>0.0353774494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6.2 04/01/55</title>
        <cusip>29273VBF6</cusip>
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          <isin value="US29273VBF67"/>
          <ticker value="ET"/>
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        <balance>340000</balance>
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        <curCd>USD</curCd>
        <valUSD>336183.09</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.200000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American National Global Funding</name>
        <lei>63540033TQXTOXKK1L93</lei>
        <title>ANGINC 5.25 06/03/30 144A</title>
        <cusip>02771D2B9</cusip>
        <identifiers>
          <isin value="US02771D2B95"/>
          <ticker value="ANGINC"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>355360.18</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>2030-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SoftBank Corp</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SOBKCO 5.332 07/09/35 144A</title>
        <cusip>83405KAB8</cusip>
        <identifiers>
          <isin value="US83405KAB89"/>
          <ticker value="SOBKCO"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350534.41</valUSD>
        <pctVal>0.0363834853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.332000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Compass Datacenters Issuer II LLC</name>
        <lei>N/A</lei>
        <title>CMPDC 2025-1A A1</title>
        <cusip>20469CAA3</cusip>
        <identifiers>
          <isin value="US20469CAA36"/>
          <ticker value="CMPDC"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007130.2</valUSD>
        <pctVal>0.1045344074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.316000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gulfstream Natural Gas System LLC</name>
        <lei>N/A</lei>
        <title>GULFNG 5.6 07/23/35 144A</title>
        <cusip>402740AG9</cusip>
        <identifiers>
          <isin value="US402740AG96"/>
          <ticker value="GULFNG"/>
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        <balance>325000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332485.43</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>2035-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Insured Lending 1 Ltd.</name>
        <lei>875500RRX7H6NZ8RYE90</lei>
        <title>INLEND 6.5 02/04/32 144</title>
        <cusip>YJ7225560</cusip>
        <identifiers>
          <isin value="XS3171634796"/>
          <ticker value="INLEND"/>
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        <balance>350000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0431320392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI V5.75 07/15/56</title>
        <cusip>65473PAY1</cusip>
        <identifiers>
          <isin value="US65473PAY16"/>
          <ticker value="NI"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150855.51</valUSD>
        <pctVal>0.0156579471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="152939.880000000000"/>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AESOP 2025-2A B</title>
        <cusip>05377RKR4</cusip>
        <identifiers>
          <isin value="US05377RKR48"/>
          <ticker value="AESOP"/>
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        <balance>600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>614757.96</valUSD>
        <pctVal>0.0638083925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.510000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Omnis Funding Trust</name>
        <lei>N/A</lei>
        <title>RGA 6.722 05/15/55</title>
        <cusip>68218WAA2</cusip>
        <identifiers>
          <isin value="US68218WAA27"/>
          <ticker value="RGA"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>420276.09</valUSD>
        <pctVal>0.0436222765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.722000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRPM 2025-3 LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-3 A1</title>
        <cusip>74449DAA3</cusip>
        <identifiers>
          <isin value="US74449DAA37"/>
          <ticker value="PRPM"/>
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        <balance>709823.89</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>710552.95</valUSD>
        <pctVal>0.0737513696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.255000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PFP 2025-12 LTD/LLC</name>
        <lei>N/A</lei>
        <title>PFP 2025-12 AS</title>
        <cusip>69382JAB7</cusip>
        <identifiers>
          <isin value="US69382JAB70"/>
          <ticker value="PFP"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001967.6</valUSD>
        <pctVal>0.1039985588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.415080000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLUB CAP PART 2016-16MR2 LP</name>
        <lei>N/A</lei>
        <title>GOCAP 2013-16A BR3</title>
        <cusip>38181EAG5</cusip>
        <identifiers>
          <isin value="US38181EAG52"/>
          <ticker value="GOCAP"/>
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        <balance>1600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1601518.08</valUSD>
        <pctVal>0.1662285010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.814950000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CASTLELAKE AIRCRAFT STRUCTURED TRUST 2025-3</name>
        <lei>N/A</lei>
        <title>CLAST 2025-3A A</title>
        <cusip>14855YAA0</cusip>
        <identifiers>
          <isin value="US14855YAA01"/>
          <ticker value="CLAST"/>
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        <balance>542792.32</balance>
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        <curCd>USD</curCd>
        <valUSD>542206.81</valUSD>
        <pctVal>0.0562779942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.087000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEC Energy Group Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC V5.625 05/15/56</title>
        <cusip>92939UAU0</cusip>
        <identifiers>
          <isin value="US92939UAU07"/>
          <ticker value="WEC"/>
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        <balance>150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150801.51</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>2056-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Corebridge Life Holdings Inc.</name>
        <lei>5493001FBIY3WQ6U5014</lei>
        <title>CRBG 8.125 03/15/46</title>
        <cusip>00138GAC3</cusip>
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          <isin value="US00138GAC33"/>
          <ticker value="CRBG"/>
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        <curCd>USD</curCd>
        <valUSD>321349.27</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>2046-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.125000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wamu Asset-Backed</name>
        <lei>N/A</lei>
        <title>WMHE 2007-HE2 2A3</title>
        <cusip>92926SAD8</cusip>
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          <isin value="US92926SAD80"/>
          <ticker value="WMHE"/>
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        <balance>8686334.47</balance>
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        <curCd>USD</curCd>
        <valUSD>3139126.62</valUSD>
        <pctVal>0.3258235540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.287070000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Credit Agricole S.A. London Branch</name>
        <lei>N/A</lei>
        <title>ACAFP V5.222 05/27/31 144a</title>
        <cusip>22535WAR8</cusip>
        <identifiers>
          <isin value="US22535WAR88"/>
          <ticker value="ACAFP"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>821756.49</valUSD>
        <pctVal>0.0852936668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EFMT 2025-CES4</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GCAT 2025-NQM2 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AGL CLO 42 LTD /LLC</name>
        <lei>254900AMSJHVKQ5QFA09</lei>
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          <ticker value="AGL"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLUB CAP PART 2016-16MR2 LP</name>
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        <title>GOCAP 2013-16A A1R3</title>
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          <isin value="US38181EAC49"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HPS PRIVATE CREDIT CLO 2025-3 LLC</name>
        <lei>254900WC9JHPFFXUKB77</lei>
        <title>HPSPR 2025-3A B</title>
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          <ticker value="HPSPR"/>
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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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          <maturityDt>2037-07-20</maturityDt>
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      <invstOrSec>
        <name>PLACEHOLD BR SECONDARIES</name>
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          <isin value="N/A"/>
          <other otherDesc="IDII" value="ZBGHA94"/>
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        <balance>900000</balance>
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        <curCd>USD</curCd>
        <valUSD>900000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>JXN 4.7 06/05/28 144A</title>
        <cusip>46849CJP7</cusip>
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          <ticker value="JXN"/>
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        <balance>1198000</balance>
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        <curCd>USD</curCd>
        <valUSD>1212714.38</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000</annualizedRt>
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      <invstOrSec>
        <name>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEF 6.2 04/14/34</title>
        <cusip>47233WEJ4</cusip>
        <identifiers>
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          <ticker value="JEF"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841328.02</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Florida Gas Transmission Co.</name>
        <lei>549300Q0UQF87NXNOC32</lei>
        <title>CITCOR 5.75 07/15/35 144A</title>
        <cusip>340711BC3</cusip>
        <identifiers>
          <isin value="US340711BC39"/>
          <ticker value="CITCOR"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207159.46</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>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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      <invstOrSec>
        <name>HOPE GAS HLDGS LLC 6.18%</name>
        <lei>N/A</lei>
        <title>HOPE GAS HLDGS LLC 6.18%</title>
        <cusip>43999AC24</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="8B22PMU"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025-RRTL1</name>
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        <title>GRADE 2025-RRTL1 A1</title>
        <cusip>79582NAA7</cusip>
        <identifiers>
          <isin value="US79582NAA72"/>
          <ticker value="GRADE"/>
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        <balance>450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450452.93</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.320000000000</annualizedRt>
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      <invstOrSec>
        <name>Burlington Stores</name>
        <lei>N/A</lei>
        <title>Burlington Stores Term Loan B-7 175 2031-09-08</title>
        <cusip>121575AL8</cusip>
        <identifiers>
          <isin value="US121575AL87"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Safehold GL Holdings LLC</name>
        <lei>54930012UY5Z4Q8NL108</lei>
        <title>SAFE 5.65 01/15/35</title>
        <cusip>785931AB2</cusip>
        <identifiers>
          <isin value="US785931AB23"/>
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        <balance>330000</balance>
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        <curCd>USD</curCd>
        <valUSD>339696.04</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DT Midstream Inc</name>
        <lei>N/A</lei>
        <title>DTMINC 5.8 12/15/34 144A</title>
        <cusip>23345MAD9</cusip>
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          <isin value="US23345MAD92"/>
          <ticker value="DTMINC"/>
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        <balance>360000</balance>
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        <curCd>USD</curCd>
        <valUSD>373400.53</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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          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LRECS 2025-CRE1 LLC</name>
        <lei>N/A</lei>
        <title>LRECS 2025-CRE1 AS</title>
        <cusip>50230AAC8</cusip>
        <identifiers>
          <isin value="US50230AAC80"/>
          <ticker value="LRECS"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150266.15</valUSD>
        <pctVal>0.0155967748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Plains All American Pipeline L.P.</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PAA 5.7 09/15/34</title>
        <cusip>72650RBP6</cusip>
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          <ticker value="PAA"/>
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        <balance>420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>433118.79</valUSD>
        <pctVal>0.0449552760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUE STREAM ISSUER LLC</name>
        <lei>N/A</lei>
        <title>BSTRM 2024-1A A2</title>
        <cusip>09606BAG9</cusip>
        <identifiers>
          <isin value="US09606BAG95"/>
          <ticker value="BSTRM"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010917.6</valUSD>
        <pctVal>0.1049275181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.408000000000</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>Globe Life Inc</name>
        <lei>5493001JFHKQOPP6XA71</lei>
        <title>GL 5.85 09/15/34</title>
        <cusip>37959EAC6</cusip>
        <identifiers>
          <isin value="US37959EAC66"/>
          <ticker value="GL"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336555.67</valUSD>
        <pctVal>0.0349325713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.850000000000</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>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V6.625 PERP</title>
        <cusip>06055HAH6</cusip>
        <identifiers>
          <isin value="US06055HAH66"/>
          <ticker value="BAC"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>831212.8</valUSD>
        <pctVal>0.0862751782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</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>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANLN V5.005 10/15/30 144A</title>
        <cusip>85325C2A9</cusip>
        <identifiers>
          <isin value="US85325C2A93"/>
          <ticker value="STANLN"/>
        </identifiers>
        <balance>596000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608474.94</valUSD>
        <pctVal>0.0631562506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.005000000000</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>PacifiCorp.</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
        <title>BRKHEC V7.375 09/15/55</title>
        <cusip>695114DF2</cusip>
        <identifiers>
          <isin value="US695114DF26"/>
          <ticker value="BRKHEC"/>
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        <balance>165000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169455.66</valUSD>
        <pctVal>0.0175885372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="174187.940000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Greensaif Pipelines Bidco S.a r.l.</name>
        <lei>549300YWDGUXPB8GRP47</lei>
        <title>GASBCM 6.1027 08/23/42 144A</title>
        <cusip>39541EAE3</cusip>
        <identifiers>
          <isin value="US39541EAE32"/>
          <ticker value="GASBCM"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516653.63</valUSD>
        <pctVal>0.0536257190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.102700000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AS Mileage Plan IP Ltd.</name>
        <lei>N/A</lei>
        <title>ALK 5.308 10/20/31 144A</title>
        <cusip>00218QAB6</cusip>
        <identifiers>
          <isin value="US00218QAB68"/>
          <ticker value="ALK"/>
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        <balance>340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343951.8</valUSD>
        <pctVal>0.0357002477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.308000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="344603.500000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ATLX 2024-RPL2 TRUST</name>
        <lei>N/A</lei>
        <title>ATLX 2024-RPL2 A1</title>
        <cusip>049919AA1</cusip>
        <identifiers>
          <isin value="US049919AA13"/>
          <ticker value="ATLX"/>
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        <balance>268920.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263050.1</valUSD>
        <pctVal>0.0273031097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.850000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wingstop Funding LLC</name>
        <lei>N/A</lei>
        <title>WSTOP 2024-1A A2</title>
        <cusip>974153AE8</cusip>
        <identifiers>
          <isin value="US974153AE88"/>
          <ticker value="WSTOP"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513732.25</valUSD>
        <pctVal>0.0533224963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.858000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Term Loan B 175 2031-04-01</title>
        <cusip>62937NBC0</cusip>
        <identifiers>
          <isin value="US62937NBC02"/>
          <ticker value="NRG"/>
          <other otherDesc="IDII" value="7TNJ7F4"/>
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        <balance>746202.54</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>746575.64</valUSD>
        <pctVal>0.0774903207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.270000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Slam 2024-1 Ltd. / Slam 2024-1 LLC</name>
        <lei>N/A</lei>
        <title>SLAM 2024-1A A</title>
        <cusip>83100AAA0</cusip>
        <identifiers>
          <isin value="US83100AAA07"/>
          <ticker value="SLAM"/>
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        <balance>91406.06</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92454.96</valUSD>
        <pctVal>0.0095963009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.335000000000</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>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>LNG 5.65 04/15/34</title>
        <cusip>16411RAN9</cusip>
        <identifiers>
          <isin value="US16411RAN98"/>
          <ticker value="LNG"/>
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        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342139.57</valUSD>
        <pctVal>0.0355121485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cerberus Loan Funding 53 LLC</name>
        <lei>N/A</lei>
        <title>CERB 2025-4A C</title>
        <cusip>15674YAE8</cusip>
        <identifiers>
          <isin value="US15674YAE86"/>
          <ticker value="CERB"/>
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        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250246.95</valUSD>
        <pctVal>0.0259742153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wendys Funding Llc</name>
        <lei>5493009DRVSTWJOXUL48</lei>
        <title>WEN 2022-1A A2II</title>
        <cusip>95058XAP3</cusip>
        <identifiers>
          <isin value="US95058XAP33"/>
          <ticker value="WEN"/>
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        <balance>144716.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140202.21</valUSD>
        <pctVal>0.0145521949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortitude Group Holdings LLC</name>
        <lei>2549006R9ZUL08JFIH12</lei>
        <title>FORTRE 6.25 04/01/30 144A</title>
        <cusip>34966XAA6</cusip>
        <identifiers>
          <isin value="US34966XAA63"/>
          <ticker value="FORTRE"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331913.8</valUSD>
        <pctVal>0.0344507715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penske Truck Leasing Co LP / PTL Finance Corp.</name>
        <lei>549300ZX07JYMI8GHQ39</lei>
        <title>PENSKE 5.25 07/01/29 144A</title>
        <cusip>709599CA0</cusip>
        <identifiers>
          <isin value="US709599CA09"/>
          <ticker value="PENSKE"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>328954.48</valUSD>
        <pctVal>0.0341436109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Farmers Insurance Exchange Inc.</name>
        <lei>549300UWG2TLX1GZVT44</lei>
        <title>FARMER V7 10/15/64 144A</title>
        <cusip>309601AG7</cusip>
        <identifiers>
          <isin value="US309601AG75"/>
          <ticker value="FARMER"/>
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        <balance>330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336396.39</valUSD>
        <pctVal>0.0349160390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Citigroup Inc.</name>
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        <name>EUREX DEUTSCHLAND</name>
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        <name>FXO USDCOP CALL 4200 2705</name>
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        <name>FXO USDINR PUT 92.4 08012</name>
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        <name>FXO USDINR PUT 92.4 08012</name>
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      <invstOrSec>
        <name>FXO USDMXN CALL 18 180326</name>
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            <delta>XXXX</delta>
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      <invstOrSec>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <delta>XXXX</delta>
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          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>-33.21</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDKRW PUT 1365 0</name>
        <lei>N/A</lei>
        <title>FXODIG USDKRW PUT 1365 0</title>
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        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>42.78</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDKRW PUT 1400 0</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
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        <balance>3000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <pctVal>0.0000536534</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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            <curCd>USD</curCd>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-68.08</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO CZK RCV PRBOR 6M PAY</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
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        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                  <rcptCurCd>CZK</rcptCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-297</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO GBP RCV SONIA 1D PAY</name>
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          <other otherDesc="NT_ID" value="9N6PKGU"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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            <descRefInstrmnt>
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                  <derivAddlInfo>
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            <delta>XXXX</delta>
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          </optionSwaptionWarrantDeriv>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV SOFR 1D PAY 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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                  <derivAddlInfo>
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            <delta>XXXX</delta>
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          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV SOFR 1D PAY 3</name>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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      <invstOrSec>
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        <name>FXO EURUSD CALL 1.185 100</name>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.218 260</name>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.218 270</name>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.22 2502</name>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.22 2502</name>
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      <invstOrSec>
        <name>FXO EURUSD CALL 1.24 2602</name>
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      <invstOrSec>
        <name>FXO EURUSD PUT 1.181 2702</name>
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      <invstOrSec>
        <name>FXO GBPUSD CALL 1.345 130</name>
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      <invstOrSec>
        <name>FXO GBPUSD PUT 1.365 2602</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>FXO USDBRL CALL 5.7 27042</name>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>FXO USDBRL PUT 5.25 12032</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <assetCat>DFE</assetCat>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-4726.85</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDBRL PUT 5.29 04032</name>
        <lei>N/A</lei>
        <title>FXO USDBRL PUT 5.29 04032</title>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6BPKU"/>
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        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-9906.31</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDBRL PUT 5.3 180326</name>
        <lei>N/A</lei>
        <title>FXO USDBRL PUT 5.3 180326</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KYEU"/>
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        <balance>-747000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-7502.87</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCAD CALL 1.37 2702</name>
        <lei>N/A</lei>
        <title>FXO USDCAD CALL 1.37 2702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6RXLU"/>
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        <balance>-760058</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-852.1</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP PUT 850 130426</name>
        <lei>N/A</lei>
        <title>FXO USDCLP PUT 850 130426</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JAJU"/>
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        <balance>-26000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <pctVal>-0.0000233516</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-73.53</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP PUT 850 130426</name>
        <lei>N/A</lei>
        <title>FXO USDCLP PUT 850 130426</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JAGU"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <pctVal>-0.0000251483</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-79.19</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OPT. 3 MON C 97.5 11/9/26</name>
        <lei>N/A</lei>
        <title>OPT. 3 MON C 97.5 11/9/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="SFRU6C"/>
          <other otherDesc="NT_ID" value="9N2FNKU"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <pctVal>0.0018384571</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FUT SEP 26 CME 3MO SOFR</indexName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-62837.5</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OPT. 3 MON C 97.5 12/3/27</name>
        <lei>N/A</lei>
        <title>OPT. 3 MON C 97.5 12/3/27</title>
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        <identifiers>
          <isin value="N/A"/>
          <ticker value="SFRH7C"/>
          <other otherDesc="NT_ID" value="9N5ACFU"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-52406.25</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OPT. 3 MONTH C 98 11/9/26</name>
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        <title>OPT. 3 MONTH C 98 11/9/26</title>
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        <identifiers>
          <isin value="N/A"/>
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        <balance>-218</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>28900</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OPT. 3 MONTH C 98 12/3/27</name>
        <lei>N/A</lei>
        <title>OPT. 3 MONTH C 98 12/3/27</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="SFRH7C"/>
          <other otherDesc="NT_ID" value="9N5ACHU"/>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FUT MAR 27 CME 3MO SOFR</indexName>
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            <principalAmt>2500</principalAmt>
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            <exercisePrice>98.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-03-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>27787.5</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.35 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.35 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N69CDU"/>
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        <balance>10000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>61485</valUSD>
        <pctVal>0.0063817946</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Barclays Bank PLC</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.35 PAY SOFR</name>
                    <lei>N/A</lei>
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                    <cusip>000000000</cusip>
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                    </identifiers>
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                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
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                  <fixedRecDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.35"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                  <terminationDt>2031-09-23</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
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                  <notionalAmt>10000000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.350000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-33015</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.64 PAY SOFR</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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                  <derivAddlInfo>
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                    <lei>N/A</lei>
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            <delta>XXXX</delta>
            <unrealizedAppr>4353.95</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.64 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.64 PAY SOFR</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.64 PAY SOFR</name>
                    <lei>N/A</lei>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4376U_ref"/>
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                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.64"/>
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                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
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                  <rcptCurCd>USD</rcptCurCd>
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                  <curCd>USD</curCd>
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              </nestedDerivInfo>
            </descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>4124.27</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.685 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.685 PAY SOF</title>
        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
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                  <derivAddlInfo>
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                    <lei>N/A</lei>
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                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.685"/>
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                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
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                  <curCd>USD</curCd>
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              </nestedDerivInfo>
            </descRefInstrmnt>
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            <exercisePrice>3.685000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>5125.32</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.685 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.685 PAY SOF</title>
        <cusip>000000000</cusip>
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        <payoffProfile>N/A</payoffProfile>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Toronto Dominion Bank</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.685 PAY SOF</name>
                    <lei>N/A</lei>
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                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N44BQU_ref"/>
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                  </derivAddlInfo>
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                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.685"/>
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                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-2625000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>3.685000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-14</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5059.69</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.71 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.71 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.71 PAY SOFR</name>
                    <lei>N/A</lei>
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                    <cusip>000000000</cusip>
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                      <other otherDesc="NT_ID_REF" value="9N46RSU_ref"/>
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                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                  <terminationDt>2028-08-21</terminationDt>
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                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
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                  <curCd>USD</curCd>
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            <exercisePrice>3.710000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>3167.39</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>SWO USD RCV 3.71 PAY SOFR</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Barclays Bank PLC</counterpartyName>
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                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.71 PAY SOFR</name>
                    <lei>N/A</lei>
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                      <other otherDesc="NT_ID_REF" value="9N46RVU_ref"/>
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                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.71"/>
                  <terminationDt>2028-08-21</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>3.710000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3208.41</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.852 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.852 PAY SOF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4388U"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8.53</valUSD>
        <pctVal>-0.0000008854</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.852 PAY SOF</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.852 PAY SOF</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4388U_ref"/>
                    </identifiers>
                    <balance>-1640625</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-8.53</valUSD>
                    <pctVal>-0.000000008854</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.852"/>
                  <terminationDt>2031-02-18</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.852000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5569.6</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.853 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.853 PAY SOF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4378U"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8.37</valUSD>
        <pctVal>-0.0000008688</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
                    <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.853 PAY SOF</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.853 PAY SOF</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4378U_ref"/>
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                    <balance>-1640625</balance>
                    <units>OU</units>
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                    <curCd>USD</curCd>
                    <valUSD>-8.37</valUSD>
                    <pctVal>-0.000000008688</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.853"/>
                  <terminationDt>2031-02-18</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.853000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5586.16</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.86 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.86 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4373U"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7.05</valUSD>
        <pctVal>-0.0000007318</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
                    <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.86 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.86 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4373U_ref"/>
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                    <balance>-1640625</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
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                    <pctVal>-0.000000007318</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.86"/>
                  <terminationDt>2031-02-18</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.860000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5587.48</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.89 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.89 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N46WEU"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-26.09</valUSD>
        <pctVal>-0.0000027080</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.89 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.89 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N46WEU_ref"/>
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                    <balance>-1640625</balance>
                    <units>OU</units>
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                    <curCd>USD</curCd>
                    <valUSD>-26.09</valUSD>
                    <pctVal>-0.000000027080</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.89"/>
                  <terminationDt>2031-02-24</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.890000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5158.29</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.925 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.925 PAY SOF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N46RWU"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10.99</valUSD>
        <pctVal>-0.0000011407</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Barclays Bank PLC</counterpartyName>
                    <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.925 PAY SOF</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.925 PAY SOF</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N46RWU_ref"/>
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                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-10.99</valUSD>
                    <pctVal>-0.000000011407</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.925"/>
                  <terminationDt>2031-02-23</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.925000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5033.93</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.929 PAY SOF</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.929 PAY SOF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N46SGU"/>
        </identifiers>
        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10.17</valUSD>
        <pctVal>-0.0000010556</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Toronto Dominion Bank</counterpartyName>
                    <counterpartyLei>PT3QB789TSUIDF371261</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.929 PAY SOF</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.929 PAY SOF</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N46SGU_ref"/>
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                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
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                    <pctVal>-0.000000010556</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.929"/>
                  <terminationDt>2031-02-23</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.929000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5157.8</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV SOFR 1D PAY 2</name>
        <lei>N/A</lei>
        <title>SWO USD RCV SOFR 1D PAY 2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4351U"/>
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        <balance>-1640625</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-.02</valUSD>
        <pctVal>-0.0000000021</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
                    <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV SOFR 1D PAY 2</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV SOFR 1D PAY 2</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4351U_ref"/>
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                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-0.02</valUSD>
                    <pctVal>-0.000000000021</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.853"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                  </floatingPmntDesc>
                  <terminationDt>2031-02-18</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1640625</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
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        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
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        <derivativeInfo>
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        </derivativeInfo>
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        </derivativeInfo>
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      <invstOrSec>
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        <derivativeInfo>
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      <invstOrSec>
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.975 050</name>
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.975 050</name>
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.975 050</name>
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      <invstOrSec>
        <name>FXO USDCNH CALL 6.975 050</name>
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        <name>FXO USDCNH PUT 6.975 0502</name>
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      <invstOrSec>
        <name>FXO USDCNH PUT 6.975 0502</name>
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      <invstOrSec>
        <name>FXO USDCNH PUT 6.975 0502</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCNH PUT 6.975 0502</name>
        <lei>N/A</lei>
        <title>FXO USDCNH PUT 6.975 0502</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6CQ8U"/>
        </identifiers>
        <balance>-2400</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6.79</valUSD>
        <pctVal>-0.0000007048</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>6.975000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>.94</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3920 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3920 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5UU5U"/>
        </identifiers>
        <balance>61000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1298.26</valUSD>
        <pctVal>0.0001347520</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3920.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-567.73</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3920 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3920 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5UU6U"/>
        </identifiers>
        <balance>52152</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1109.95</valUSD>
        <pctVal>0.0001152065</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3920.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-485.38</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3920 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3920 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6FH5U"/>
        </identifiers>
        <balance>8100</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>172.39</valUSD>
        <pctVal>0.0000178931</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3920.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-65.52</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 3920 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 3920 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6C87U"/>
        </identifiers>
        <balance>2100</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>44.69</valUSD>
        <pctVal>0.0000046386</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3920.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-12.17</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4200 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 4200 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5USYU"/>
        </identifiers>
        <balance>-78228</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-604.05</valUSD>
        <pctVal>-0.0000626970</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4200.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>416.83</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4200 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 4200 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6C88U"/>
        </identifiers>
        <balance>-3100</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-23.94</valUSD>
        <pctVal>-0.0000024848</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4200.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>11.87</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCOP CALL 4200 2705</name>
        <lei>N/A</lei>
        <title>FXO USDCOP CALL 4200 2705</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5USZU"/>
        </identifiers>
        <balance>-87000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-671.78</valUSD>
        <pctVal>-0.0000697270</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4200.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-05-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>463.57</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN CALL 18 180326</name>
        <lei>N/A</lei>
        <title>FXO USDMXN CALL 18 180326</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6LENU"/>
        </identifiers>
        <balance>-38000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-224.66</valUSD>
        <pctVal>-0.0000233184</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>18.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>35.34</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN CALL 18.5 1803</name>
        <lei>N/A</lei>
        <title>FXO USDMXN CALL 18.5 1803</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KYDU"/>
        </identifiers>
        <balance>-747000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1855.47</valUSD>
        <pctVal>-0.0001925873</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>18.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>918.89</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN PUT 17.4 18032</name>
        <lei>N/A</lei>
        <title>FXO USDMXN PUT 17.4 18032</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KYGU"/>
        </identifiers>
        <balance>-747000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6777.23</valUSD>
        <pctVal>-0.0007034381</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>17.400000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-4002.87</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN PUT 17.5 18032</name>
        <lei>N/A</lei>
        <title>FXO USDMXN PUT 17.5 18032</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6LGDU"/>
        </identifiers>
        <balance>-26000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-309.79</valUSD>
        <pctVal>-0.0000321544</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>17.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-131.9</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDMXN PUT 17.5 18032</name>
        <lei>N/A</lei>
        <title>FXO USDMXN PUT 17.5 18032</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6LGCU"/>
        </identifiers>
        <balance>-38000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-452.77</valUSD>
        <pctVal>-0.0000469950</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FXO USDMXN PUT 17.65 1203</name>
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              <counterpartyName>OTCEXCH</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 31.3 1903</name>
        <lei>N/A</lei>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 31.3 1903</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 31.3 1903</title>
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          <isin value="N/A"/>
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        <balance>35000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 31.9 1903</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 31.9 1903</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <balance>-53000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
            <unrealizedAppr>-212.13</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 31.9 1903</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 31.9 1903</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6MNCU"/>
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        <balance>-56000</balance>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <unrealizedAppr>-224.14</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32 120326</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 32 120326</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JGLU"/>
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        <balance>26000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>17.03</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32 120326</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 32 120326</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JGNU"/>
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        <balance>47000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>273.31</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>30.79</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32.7 1203</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 32.7 1203</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JFYU"/>
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        <balance>-94000</balance>
        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
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          </optionSwaptionWarrantDeriv>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32.7 1203</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 32.7 1203</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JGMU"/>
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        <balance>-52000</balance>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32.7 1203</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6SVHU"/>
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        <balance>94000</balance>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>18.72</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTHB CALL 32.7 1203</name>
        <lei>N/A</lei>
        <title>FXO USDTHB CALL 32.7 1203</title>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6S85U"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>10.36</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTRY CALL 47.5 2503</name>
        <lei>N/A</lei>
        <title>FXO USDTRY CALL 47.5 2503</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6PLKU"/>
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        <curCd>USD</curCd>
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        <pctVal>-0.0000251328</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>47.500000000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>34.96</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTRY CALL 47.5 2503</name>
        <lei>N/A</lei>
        <title>FXO USDTRY CALL 47.5 2503</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        </identifiers>
        <balance>-21500</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-221.54</valUSD>
        <pctVal>-0.0000229946</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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            <exercisePrice>47.500000000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>31.98</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTRY CALL 47.5 2503</name>
        <lei>N/A</lei>
        <title>FXO USDTRY CALL 47.5 2503</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <balance>-23500</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <exercisePrice>47.500000000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>26.77</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDTRY PUT 45.25 2503</name>
        <lei>N/A</lei>
        <title>FXO USDTRY PUT 45.25 2503</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6PLJU"/>
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        <balance>21500</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>344.84</valUSD>
        <pctVal>0.0000357924</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>USD</curCd>
            <exercisePrice>45.250000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-25</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-30.39</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDZAR CALL 17 180326</name>
        <lei>N/A</lei>
        <title>FXO USDZAR CALL 17 180326</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KXXU"/>
        </identifiers>
        <balance>-739000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3482.98</valUSD>
        <pctVal>-0.0003615136</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>17.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-422.04</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDZAR PUT 16 180326</name>
        <lei>N/A</lei>
        <title>FXO USDZAR PUT 16 180326</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KXWU"/>
        </identifiers>
        <balance>-739000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7797.19</valUSD>
        <pctVal>-0.0008093041</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>16.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2955.26</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO USDZAR PUT 16.35 1203</name>
        <lei>N/A</lei>
        <title>FXO USDZAR PUT 16.35 1203</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N64KWU"/>
        </identifiers>
        <balance>-620000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13309.54</valUSD>
        <pctVal>-0.0013814548</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>16.350000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-03-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-10694.38</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXOBAR USDJPY PUT 159 UI</name>
        <lei>N/A</lei>
        <title>FXOBAR USDJPY PUT 159 UI</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6PLAU"/>
        </identifiers>
        <balance>253000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>220.24</valUSD>
        <pctVal>0.0000228597</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>159.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-04-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-498.28</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURCZK PUT 23.85</name>
        <lei>N/A</lei>
        <title>FXODIG EURCZK PUT 23.85</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61GDU"/>
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        <balance>2980</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <pctVal>0.0000001713</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>EUR</curCd>
            <exercisePrice>23.850000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-381.44</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURCZK PUT 23.85</name>
        <lei>N/A</lei>
        <title>FXODIG EURCZK PUT 23.85</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61DLU"/>
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        <balance>2968</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>EUR</curCd>
            <exercisePrice>23.850000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-379.91</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURCZK PUT 23.85</name>
        <lei>N/A</lei>
        <title>FXODIG EURCZK PUT 23.85</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6CR5U"/>
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        <balance>100</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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                <indexIdentifier>N/A</indexIdentifier>
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            <exercisePrice>23.850000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-5.8</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURCZK PUT 23.85</name>
        <lei>N/A</lei>
        <title>FXODIG EURCZK PUT 23.85</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DW6U"/>
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        <balance>500</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>23.850000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-14.33</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURHUF PUT 375 21</name>
        <lei>N/A</lei>
        <title>FXODIG EURHUF PUT 375 21</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6PQLU"/>
        </identifiers>
        <balance>4000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>440.64</valUSD>
        <pctVal>0.0000457359</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>375.000000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-07-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-275.55</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG EURHUF PUT 375 21</name>
        <lei>N/A</lei>
        <title>FXODIG EURHUF PUT 375 21</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6PQRU"/>
        </identifiers>
        <balance>8000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8436326"/>
        <valUSD>881.28</valUSD>
        <pctVal>0.0000914719</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>EUR</curCd>
            <exercisePrice>375.000000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2026-07-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-551.1</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDCZK PUT 20 050</name>
        <lei>N/A</lei>
        <title>FXODIG USDCZK PUT 20 050</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61DMU"/>
        </identifiers>
        <balance>2598</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>43.31</valUSD>
        <pctVal>0.0000044953</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>USD</curCd>
            <exercisePrice>20.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-232.08</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDCZK PUT 20 050</name>
        <lei>N/A</lei>
        <title>FXODIG USDCZK PUT 20 050</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DV7U"/>
        </identifiers>
        <balance>400</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6.67</valUSD>
        <pctVal>0.0000006923</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>20.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3.33</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDCZK PUT 20 050</name>
        <lei>N/A</lei>
        <title>FXODIG USDCZK PUT 20 050</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6CX6U"/>
        </identifiers>
        <balance>100</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1.67</valUSD>
        <pctVal>0.0000001733</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>20.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3.83</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDCZK PUT 20 050</name>
        <lei>N/A</lei>
        <title>FXODIG USDCZK PUT 20 050</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61GFU"/>
        </identifiers>
        <balance>2610</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>43.51</valUSD>
        <pctVal>0.0000045161</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>20.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-233.15</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDINR PUT 88.15</name>
        <lei>N/A</lei>
        <title>FXODIG USDINR PUT 88.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5WRLU"/>
        </identifiers>
        <balance>4338</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>20.13</valUSD>
        <pctVal>0.0000020894</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>88.150000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-395.23</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDINR PUT 88.15</name>
        <lei>N/A</lei>
        <title>FXODIG USDINR PUT 88.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6CY1U"/>
        </identifiers>
        <balance>200</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>.93</valUSD>
        <pctVal>0.0000000965</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>88.150000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-10.07</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDINR PUT 88.15</name>
        <lei>N/A</lei>
        <title>FXODIG USDINR PUT 88.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DV8U"/>
        </identifiers>
        <balance>700</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3.25</valUSD>
        <pctVal>0.0000003373</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>88.150000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-49.6</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXODIG USDINR PUT 88.15</name>
        <lei>N/A</lei>
        <title>FXODIG USDINR PUT 88.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5VUCU"/>
        </identifiers>
        <balance>6000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>27.84</valUSD>
        <pctVal>0.0000028896</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>88.150000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-546.66</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3 PAY SOFR 1D</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3 PAY SOFR 1D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61KCU"/>
        </identifiers>
        <balance>14715375</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7260.57</valUSD>
        <pctVal>0.0007536060</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3 PAY SOFR 1D</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3 PAY SOFR 1D</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N61KCU_ref"/>
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                    <balance>14715375</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>7260.57</valUSD>
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                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <fixedRecDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3"/>
                  <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
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                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>14715375</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>3.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-10575.96</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.5 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.5 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N61KDU"/>
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        <balance>-14715375</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7028.06</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.5 PAY SOFR</name>
                    <lei>N/A</lei>
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                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N61KDU_ref"/>
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                    <balance>-14715375</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
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                    <issuerCat>CORP</issuerCat>
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                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.5"/>
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                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-14715375</notionalAmt>
                  <curCd>USD</curCd>
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              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>3.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-06-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>7334.83</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.55 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.55 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5ENXU"/>
        </identifiers>
        <balance>2972000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.55 PAY SOFR</name>
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              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-34954.64</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.57 PAY SOFR</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
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                  <derivAddlInfo>
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                    <lei>N/A</lei>
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                  <fixedRecDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.57"/>
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            <delta>XXXX</delta>
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          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.77 PAY SOFR</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.77 PAY SOFR</name>
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                  <fixedRecDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.77"/>
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                  <curCd>USD</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-3883.08</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWO USD RCV 3.85 PAY SOFR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                    <counterpartyName>Goldman Sachs International</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 3.85 PAY SOFR</name>
                    <lei>N/A</lei>
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                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
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                  <upfrontRcpt>0</upfrontRcpt>
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                  <curCd>USD</curCd>
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            <principalAmt>1</principalAmt>
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            <delta>XXXX</delta>
            <unrealizedAppr>2548.54</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>SWO USD RCV 3.855 PAY SOF</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <exercisePrice>3.872000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-11-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-5664.98</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.96 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 3.96 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5VVCU"/>
        </identifiers>
        <balance>-1055000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-55.92</valUSD>
        <pctVal>-0.0000058042</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Bank Of America N.A. (DERIV)</counterpartyName>
                    <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 3.96 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 3.96 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N5VVCU_ref"/>
                    </identifiers>
                    <balance>-1055000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-55.92</valUSD>
                    <pctVal>-0.000000058042</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.96"/>
                  <terminationDt>2036-02-04</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1055000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3.960000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2766.21</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4 PAY SOFR 1D</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4 PAY SOFR 1D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5AYJU"/>
        </identifiers>
        <balance>-2766000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-16805.11</valUSD>
        <pctVal>-0.0017442752</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>JP Morgan International Bank Ltd</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4 PAY SOFR 1D</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4 PAY SOFR 1D</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N5AYJU_ref"/>
                    </identifiers>
                    <balance>-2766000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-16805.11</valUSD>
                    <pctVal>-0.000017442752</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="4"/>
                  <terminationDt>2036-04-27</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-2766000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-04-23</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>136.64</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4 PAY SOFR 1D</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4 PAY SOFR 1D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6578U"/>
        </identifiers>
        <balance>-772000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-659.44</valUSD>
        <pctVal>-0.0000684461</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Nomura International PLC</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4 PAY SOFR 1D</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4 PAY SOFR 1D</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N6578U_ref"/>
                    </identifiers>
                    <balance>-772000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-659.44</valUSD>
                    <pctVal>-0.000000684461</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="4"/>
                  <terminationDt>2036-02-19</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-772000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2160.1</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4 PAY SOFR 1D</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4 PAY SOFR 1D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5XZ6U"/>
        </identifiers>
        <balance>-6195947</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-25173.51</valUSD>
        <pctVal>-0.0026128677</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Nomura International PLC</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4 PAY SOFR 1D</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4 PAY SOFR 1D</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N5XZ6U_ref"/>
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                    <balance>-6195947</balance>
                    <units>OU</units>
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                    <curCd>USD</curCd>
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                    <pctVal>-0.000026128677</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
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                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="4"/>
                  <terminationDt>2029-12-10</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-6195947</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3327.85</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4.03 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4.03 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N66GTU"/>
        </identifiers>
        <balance>-1510000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-52142.26</valUSD>
        <pctVal>-0.0054120711</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
                    <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4.03 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4.03 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N66GTU_ref"/>
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                    <balance>-1510000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-52142.26</valUSD>
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                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.03"/>
                  <terminationDt>2037-12-20</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-1510000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
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            <curCd>USD</curCd>
            <exercisePrice>4.030000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1330.62</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4.05 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4.05 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4WYUU"/>
        </identifiers>
        <balance>-21172000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-68455.43</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Goldman Sachs International</counterpartyName>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4.05 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4.05 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4WYUU_ref"/>
                    </identifiers>
                    <balance>-21172000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-68455.43</valUSD>
                    <pctVal>-0.000071052857</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
                  <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0" pmntAmt="0">
                    <rtResetTenors>
                      <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
                    </rtResetTenors>
                  </floatingRecDesc>
                  <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.05"/>
                  <terminationDt>2029-10-06</terminationDt>
                  <upfrontPmnt>0</upfrontPmnt>
                  <pmntCurCd>USD</pmntCurCd>
                  <upfrontRcpt>0</upfrontRcpt>
                  <rcptCurCd>USD</rcptCurCd>
                  <notionalAmt>-21172000</notionalAmt>
                  <curCd>USD</curCd>
                </swapDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>4.050000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-10-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>9034.09</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 4.3 PAY SOFR</name>
        <lei>N/A</lei>
        <title>SWO USD RCV 4.3 PAY SOFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N4UR9U"/>
        </identifiers>
        <balance>-15792000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-33629.06</valUSD>
        <pctVal>-0.0034905059</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
                  <counterparties>
                    <counterpartyName>Goldman Sachs International</counterpartyName>
                    <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>SWO USD RCV 4.3 PAY SOFR</name>
                    <lei>N/A</lei>
                    <title>SWO USD RCV 4.3 PAY SOFR</title>
                    <cusip>000000000</cusip>
                    <identifiers>
                      <other otherDesc="NT_ID_REF" value="9N4UR9U_ref"/>
                    </identifiers>
                    <balance>-15792000</balance>
                    <units>OU</units>
                    <descOthUnits>NOTIONAL</descOthUnits>
                    <curCd>USD</curCd>
                    <valUSD>-33629.06</valUSD>
                    <pctVal>-0.000034905059</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerCat>CORP</issuerCat>
                  </derivAddlInfo>
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            <unrealizedAppr>10272.7</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWO USD RCV 4.3 PAY SOFR</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>OTCEXCH</counterpartyName>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>Deutsche Bank AG</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 4.5 PAY SOFR</name>
                    <lei>N/A</lei>
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                      <other otherDesc="NT_ID_REF" value="9N66BDU_ref"/>
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            <delta>XXXX</delta>
            <unrealizedAppr>3607.28</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWO USD RCV 4.6 PAY SOFR</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <swapDeriv derivCat="SWP">
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                    <counterpartyName>CITIBANK NA - LONDON</counterpartyName>
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                  <derivAddlInfo>
                    <name>SWO USD RCV 4.6 PAY SOFR</name>
                    <lei>N/A</lei>
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                      <other otherDesc="NT_ID_REF" value="9N66HDU_ref"/>
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                  <curCd>USD</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>1099.43</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO AUDUSD CALL 0.725 060</name>
        <lei>N/A</lei>
        <title>FXO AUDUSD CALL 0.725 060</title>
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          <isin value="N/A"/>
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        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4360594"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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            <curCd>AUD</curCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-96.62</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>FXO AUDUSD CALL 0.725 060</name>
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        <derivativeInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-655.75</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO AUDUSD CALL 0.725 060</name>
        <lei>N/A</lei>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-656.98</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
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      <invstOrSec>
        <name>FXO AUDUSD PUT 0.69 26022</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <derivativeInfo>
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              <indexBasketInfo>
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            <delta>XXXX</delta>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO GBPUSD PUT 1.315 1302</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N65KKU"/>
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        <currencyConditional curCd="GBP" exchangeRt=".7308071"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
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              <indexBasketInfo>
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            <exercisePriceCurCd>GBP</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>139.19</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO GBPUSD PUT 1.355 2502</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
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        <balance>64000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <exercisePriceCurCd>GBP</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-28.2</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FXO GBPUSD PUT 1.355 2502</name>
        <lei>N/A</lei>
        <title>FXO GBPUSD PUT 1.355 2502</title>
        <cusip>000000000</cusip>
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        <pctVal>0.0000375061</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <delta>XXXX</delta>
            <unrealizedAppr>-30.42</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO GBPUSD PUT 1.365 2602</name>
        <lei>N/A</lei>
        <title>FXO GBPUSD PUT 1.365 2602</title>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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              <indexBasketInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>50.51</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCAD PUT 1.338 2702</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <units>NC</units>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <delta>XXXX</delta>
            <unrealizedAppr>646.51</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP CALL 910 13042</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6JAHU"/>
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        <balance>28000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Other</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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            <principalAmt>1</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>910.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-68.72</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP CALL 910 13042</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <balance>26000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <principalAmt>1</principalAmt>
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            <delta>XXXX</delta>
            <unrealizedAppr>-63.81</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FXO USDCLP CALL 920 18032</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6LGSU"/>
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        <balance>-523000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <indexIdentifier>N/A</indexIdentifier>
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            <curCd>USD</curCd>
            <exercisePrice>920.000000000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>688.53</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SWO USD RCV 3.94 PAY SOFR</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>OTCEXCH</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                    <counterpartyName>BNP Paribas London Branch</counterpartyName>
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                  <derivAddlInfo>
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            <delta>XXXX</delta>
            <unrealizedAppr>5161.74</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>SWO USD RCV 3.94 PAY SOFR</name>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>SWO USD RCV SOFR 1D PAY 2</name>
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      <invstOrSec>
        <name>SWO USD RCV SOFR 1D PAY 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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        <name>Northern Institutional Funds</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <lei>549300Y178DO5JBR1S04</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>CDS_SN REPUBLIC OF ARGENTINA 5% 20271220</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Barclays Bank Plc Wholesal</counterpartyName>
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        <name>CDS_SN ALTICE FRANCE SA 4.75 5% 20270620</name>
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        <cusip>000000000</cusip>
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        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan International Bank Lt</counterpartyName>
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        <name>CDS_SN_CCP KINGDOM OF MOROCCO 3% 1% 20301220</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>CDS_SN_CCP FED REPUBLIC OF BRAZI 1% 20301220</name>
        <lei>N/A</lei>
        <title>CDS_SN_CCP FED REPUBLIC OF BRAZI 1% 20301220</title>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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        <name>CDS_SN_CCP UNITED MEXICAN STATES 1% 20301220</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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        <name>CDS_SN_CCP REPUBLIC OF COLOMBIA 1% 20301220</name>
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      <invstOrSec>
        <name>CDS_SN AMERICAN EXPRESS CO 4 1% 20291220</name>
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        <name>CDS_SN DOMINION ENERGY INC 4 1% 20291220</name>
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        <name>CDS_SN REPUBLIC OF INDONESIA 1% 20301220</name>
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        <name>CDS_IX_CCP ITRAXX ASIA EX JAPAN 1% 20301220</name>
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        <name>CDS_SN ALTICE FRANCE SA 4.75 5% 20270620</name>
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              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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        <name>CDS_SN OMAN GOV INTERNTL BON 1% 20301220</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CDS_SN_CCP SAUDI INTERNATIONAL B 1% 20301220</name>
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        <name>CDS_SN PACIFICORP 3.3% 03/15 0.130164% 20270929</name>
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      <invstOrSec>
        <name>CDS_IX_CCP ITRAXX EUROPE CROSSOV 5% 20301220</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>OIS_CCP JPY RCV 1.007% PAY TONAR1D 11-SEP-2027</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP KRW RCV 2.69% PAY KWCDC3M 17-DEC-2028</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BANK OF AMERICA, N.A. (DERIV)</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.584% PAY CNRR07D 17-DEC-2030</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.54% PAY CNRR07D 17-DEC-2028</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>IRS_CCP KRW RCV 2.937% PAY KWCDC3M 17-DEC-2030</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.695% 04-JAN-2027</name>
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      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 10.595% 18-MAR-2030</name>
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      <invstOrSec>
        <name>IRS COP RCV 10.78% PAY COOVI1D 18-MAR-2028</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP TWD RCV 2.008% PAY TAIBO3M 17-MAR-2028</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CZK RCV 3.741% PAY PRBOR6M 18-MAR-2031</name>
        <lei>N/A</lei>
        <title>IRS_CCP CZK RCV 3.741% PAY PRBOR6M 18-MAR-2031</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.49% 18-MAR-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 3.49% 18-MAR-2028</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6EAQU"/>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.686% 18-MAR-2031</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.686% 18-MAR-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6ECZU"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
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            <unrealizedAppr>-120.42</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP EUR RCV 2.43205% PAY EURIB6M 03-FEB-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP EUR RCV 2.43205% PAY EURIB6M 03-FEB-2030</title>
        <cusip>000000000</cusip>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV CNRR07D PAY 1.608% 18-MAR-2031</name>
        <lei>N/A</lei>
        <title>IRS_CCP CNY RCV CNRR07D PAY 1.608% 18-MAR-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
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          <other otherDesc="NT_ID" value="9N6GFAU"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP TWD RCV 2.001% PAY TAIBO3M 17-MAR-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP TWD RCV 2.001% PAY TAIBO3M 17-MAR-2028</title>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP TWD RCV 2.02% PAY TAIBO3M 17-MAR-2028</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.51% PAY CNRR07D 17-JUN-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP CNY RCV 1.51% PAY CNRR07D 17-JUN-2028</title>
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        <identifiers>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.5075% PAY CNRR07D 17-JUN-2028</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
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        <valUSD>-77.41</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <terminationDt>2028-06-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.492% PAY CNRR07D 17-JUN-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP CNY RCV 1.492% PAY CNRR07D 17-JUN-2028</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JP MORGAN INTERNATIONAL BANK LTD</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 9.99% 20-JAN-2030</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KRAU"/>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 10.23% PAY COOVI1D 20-JAN-2033</name>
        <lei>N/A</lei>
        <title>IRS COP RCV 10.23% PAY COOVI1D 20-JAN-2033</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="COP" fixedOrFloating="Floating" floatingRtIndex="90 DAY DTF" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
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            <curCd>COP</curCd>
            <unrealizedAppr>-788.73</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.496% PAY CNRR07D 17-JUN-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP CNY RCV 1.496% PAY CNRR07D 17-JUN-2028</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC WHOLESALE</counterpartyName>
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            </counterparties>
            <swapFlag>Y</swapFlag>
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            <terminationDt>2028-06-17</terminationDt>
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            <curCd>CNY</curCd>
            <unrealizedAppr>-175.26</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP MYR RCV KLIBO3M PAY 3.3886% 18-JUN-2029</name>
        <lei>N/A</lei>
        <title>IRS_CCP MYR RCV KLIBO3M PAY 3.3886% 18-JUN-2029</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6KYLU"/>
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        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="MYR" fixedOrFloating="Floating" floatingRtIndex="3M KLIBOR" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="0" curCd="MYR" fixedOrFloating="Fixed" fixedRt="3.388600000000"/>
            <terminationDt>2029-06-18</terminationDt>
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            <pmntCurCd>MYR</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <unrealizedAppr>330.61</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP MYR RCV 3.2576% PAY KLIBO3M 18-JUN-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <descOthUnits>NOTIONAL</descOthUnits>
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        <assetCat>DIR</assetCat>
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        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="MYR" fixedOrFloating="Floating" floatingRtIndex="3M KLIBOR" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
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            <terminationDt>2027-06-18</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP MYR RCV KLIBO3M PAY 3.484% 18-JUN-2029</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP USD RCV 3.8% PAY SOFR1D 16-MAY-2026</name>
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        <identifiers>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 0.9975% 12-MAR-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 1.0265% 12-MAR-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <name>IRS COP RCV 9.37% PAY COOVI1D 17-DEC-2027</name>
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      <invstOrSec>
        <name>OIS_CCP INR RCV 5.605% PAY MIBOR1D 16-DEC-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS CLP RCV CAMAR1D PAY 4.435% 17-DEC-2027</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS CLP RCV CAMAR1D PAY 4.435% 17-DEC-2027</name>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP GBP RCV 4.45% PAY SONIA1D 04-DEC-2055</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV CNRR07D PAY 1.624% 18-MAR-2031</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.228% PAY SOFR1D 11-DEC-2027</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.591% PAY FFUND1D 18-MAR-2026</name>
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      <invstOrSec>
        <name>EQIX RCV SOFR 1D PAY IBOXX USD 20-03-26</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.407% PAY SOFR1D 14-AUG-2028</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.4885% PAY SOFR1D 27-JUN-2028</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.6675% PAY SOFR1D 21-JUL-2027</name>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP USD RCV 3.3855% PAY SOFR1D 07-AUG-2028</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV SOFR1D PAY 3.814% 16-MAY-2026</name>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.9% PAY SOFR1D 16-MAY-2026</name>
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      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 0.685% 21-APR-2027</name>
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        <title>OIS_CCP JPY RCV TONAR1D PAY 0.685% 21-APR-2027</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 0.683% 21-APR-2027</name>
        <lei>N/A</lei>
        <title>OIS_CCP JPY RCV TONAR1D PAY 0.683% 21-APR-2027</title>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 0.698% 11-MAY-2027</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>RPI_CCP USD RCV CPI1D PAY 2.429% 15-APR-2030</name>
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      <invstOrSec>
        <name>RPI_CCP USD RCV CPI1D PAY 2.428% 15-APR-2030</name>
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      <invstOrSec>
        <name>OIS_CCP JPY RCV TONAR1D PAY 0.8585% 21-APR-2027</name>
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      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.8625% 17-DEC-2030</name>
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            <notionalAmt>3987285</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>-2957.21</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.658% 17-DEC-2026</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.658% 17-DEC-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5FMNU"/>
        </identifiers>
        <balance>5268018</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>-443.81</valUSD>
        <pctVal>-0.0000460650</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="3M JIBAR" floatingRtSpread="0.000000000000" pmntAmt="2723.970000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-2676.93" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="6.658000000000"/>
            <terminationDt>2026-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>ZAR</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>ZAR</rcptCurCd>
            <notionalAmt>5268018</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>-396.77</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP MXN RCV 7.28% PAY MXIBTIEF1D 31-OCT-2030</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 7.28% PAY MXIBTIEF1D 31-OCT-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GKWU"/>
        </identifiers>
        <balance>2808842</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>-1517.68</valUSD>
        <pctVal>-0.0001575266</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANCO SANTANDER CENTRAL HISPANO S.A. NEW YORK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="MXN" fixedOrFloating="Fixed" fixedRt="7.280000000000"/>
            <floatingPmntDesc curCd="MXN" fixedOrFloating="Floating" floatingRtIndex="MEXICO INTERBANK TIIE 1 DAY" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-10-31</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>MXN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>MXN</rcptCurCd>
            <notionalAmt>2808842</notionalAmt>
            <curCd>MXN</curCd>
            <unrealizedAppr>-1517.68</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP MXN RCV 6.975% PAY MXIBTIEF1D 05-NOV-2026</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 6.975% PAY MXIBTIEF1D 05-NOV-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GKYU"/>
        </identifiers>
        <balance>1301595</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
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        <pctVal>0.0000035550</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANCO SANTANDER CENTRAL HISPANO S.A. NEW YORK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="MXN" fixedOrFloating="Fixed" fixedRt="6.975000000000"/>
            <floatingPmntDesc curCd="MXN" fixedOrFloating="Floating" floatingRtIndex="MEXICO INTERBANK TIIE 1 DAY" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-11-05</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>MXN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>MXN</rcptCurCd>
            <notionalAmt>1301595</notionalAmt>
            <curCd>MXN</curCd>
            <unrealizedAppr>34.25</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP HUF RCV 6.25% PAY BUBOR6M 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS_CCP HUF RCV 6.25% PAY BUBOR6M 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GUVU"/>
        </identifiers>
        <balance>55111806</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="HUF" exchangeRt="321.78265"/>
        <valUSD>894.12</valUSD>
        <pctVal>0.0000928046</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="1319.72" curCd="HUF" fixedOrFloating="Fixed" fixedRt="6.250000000000"/>
            <floatingPmntDesc curCd="HUF" fixedOrFloating="Floating" floatingRtIndex="6M HIBOR" floatingRtSpread="0.000000000000" pmntAmt="-1380.870000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2027-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>HUF</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>HUF</rcptCurCd>
            <notionalAmt>55111806</notionalAmt>
            <curCd>HUF</curCd>
            <unrealizedAppr>832.97</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP HUF RCV 6.285% PAY BUBOR6M 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP HUF RCV 6.285% PAY BUBOR6M 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GUXU"/>
        </identifiers>
        <balance>8118150</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="HUF" exchangeRt="321.78265"/>
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        <pctVal>0.0000322510</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="195.49" curCd="HUF" fixedOrFloating="Fixed" fixedRt="6.285000000000"/>
            <floatingPmntDesc curCd="HUF" fixedOrFloating="Floating" floatingRtIndex="6M HIBOR" floatingRtSpread="0.000000000000" pmntAmt="-203.410000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>HUF</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>HUF</rcptCurCd>
            <notionalAmt>8118150</notionalAmt>
            <curCd>HUF</curCd>
            <unrealizedAppr>302.80</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4.004023% 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 4.004023% 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GVAU"/>
        </identifiers>
        <balance>11670</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
        <valUSD>-28.68</valUSD>
        <pctVal>-0.0000029768</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="PLN" fixedOrFloating="Floating" floatingRtIndex="6M WIBOR" floatingRtSpread="0.000000000000" pmntAmt="15.510000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-16.21" curCd="PLN" fixedOrFloating="Fixed" fixedRt="4.004023000000"/>
            <terminationDt>2030-12-17</terminationDt>
            <upfrontPmnt>-3.690000000000</upfrontPmnt>
            <pmntCurCd>PLN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>PLN</rcptCurCd>
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            <curCd>PLN</curCd>
            <unrealizedAppr>-25.69</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.880216% 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 3.880216% 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GVCU"/>
        </identifiers>
        <balance>770895</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
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        <pctVal>-0.0001132189</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="PLN" fixedOrFloating="Floating" floatingRtIndex="6M WIBOR" floatingRtSpread="0.000000000000" pmntAmt="1024.510000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-1037.95" curCd="PLN" fixedOrFloating="Fixed" fixedRt="3.880216000000"/>
            <terminationDt>2027-12-17</terminationDt>
            <upfrontPmnt>-97.350000000000</upfrontPmnt>
            <pmntCurCd>PLN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>PLN</rcptCurCd>
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            <curCd>PLN</curCd>
            <unrealizedAppr>-1018.18</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CZK RCV 3.89% PAY PRBOR6M 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP CZK RCV 3.89% PAY PRBOR6M 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5GVDU"/>
        </identifiers>
        <balance>7216103</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="CZK" exchangeRt="20.53315"/>
        <valUSD>4464.79</valUSD>
        <pctVal>0.0004634199</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="1708.86" curCd="CZK" fixedOrFloating="Fixed" fixedRt="3.890000000000"/>
            <floatingPmntDesc curCd="CZK" fixedOrFloating="Floating" floatingRtIndex="6M PRIBOR" floatingRtSpread="0.000000000000" pmntAmt="-1568.290000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-17</terminationDt>
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            <pmntCurCd>CZK</pmntCurCd>
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            <rcptCurCd>CZK</rcptCurCd>
            <notionalAmt>7216103</notionalAmt>
            <curCd>CZK</curCd>
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          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP BRL RCV 13.238% PAY BZDIO1D 02-JAN-2031</name>
        <lei>N/A</lei>
        <title>OIS_CCP BRL RCV 13.238% PAY BZDIO1D 02-JAN-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H46U"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
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        <pctVal>0.0000620773</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="BRL" fixedOrFloating="Fixed" fixedRt="13.238000000000"/>
            <floatingPmntDesc curCd="BRL" fixedOrFloating="Floating" floatingRtIndex="ID RATE" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
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              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2031-01-02</terminationDt>
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            <pmntCurCd>BRL</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>BRL</rcptCurCd>
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            <curCd>BRL</curCd>
            <unrealizedAppr>598.08</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.864% 04-JAN-2027</name>
        <lei>N/A</lei>
        <title>OIS_CCP BRL RCV BZDIO1D PAY 13.864% 04-JAN-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H49U"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="BRL" fixedOrFloating="Floating" floatingRtIndex="ID RATE" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0" curCd="BRL" fixedOrFloating="Fixed" fixedRt="13.864000000000"/>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>BRL</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>BRL</rcptCurCd>
            <notionalAmt>103000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-22.85</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CZK RCV 3.91% PAY PRBOR6M 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP CZK RCV 3.91% PAY PRBOR6M 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H50U"/>
        </identifiers>
        <balance>4796000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="CZK" exchangeRt="20.53315"/>
        <valUSD>3178.84</valUSD>
        <pctVal>0.0003299456</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="1141.59" curCd="CZK" fixedOrFloating="Fixed" fixedRt="3.910000000000"/>
            <floatingPmntDesc curCd="CZK" fixedOrFloating="Floating" floatingRtIndex="6M PRIBOR" floatingRtSpread="0.000000000000" pmntAmt="-1042.320000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>CZK</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>CZK</rcptCurCd>
            <notionalAmt>4796000</notionalAmt>
            <curCd>CZK</curCd>
            <unrealizedAppr>3278.11</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP EUR RCV 2.308344% PAY EURIB6M 03-FEB-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP EUR RCV 2.308344% PAY EURIB6M 03-FEB-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H52U"/>
        </identifiers>
        <balance>114755</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.8436326"/>
        <valUSD>-601.65</valUSD>
        <pctVal>-0.0000624479</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="698.37" curCd="EUR" fixedOrFloating="Fixed" fixedRt="2.308344000000"/>
            <floatingPmntDesc curCd="EUR" fixedOrFloating="Floating" floatingRtIndex="6M EURIBOR" floatingRtSpread="0.000000000000" pmntAmt="-657.770000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-02-03</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>EUR</pmntCurCd>
            <upfrontRcpt>28.860000000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
            <notionalAmt>114755</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-588.54</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.8675% 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.8675% 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H55U"/>
        </identifiers>
        <balance>1893000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>-1415.83</valUSD>
        <pctVal>-0.0001469551</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="3M JIBAR" floatingRtSpread="0.000000000000" pmntAmt="978.830000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-992.19" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="6.867500000000"/>
            <terminationDt>2030-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>ZAR</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>ZAR</rcptCurCd>
            <notionalAmt>1893000</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>-1429.19</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4% 17-DEC-2026</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 4% 17-DEC-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H57U"/>
        </identifiers>
        <balance>394000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
        <valUSD>-269.23</valUSD>
        <pctVal>-0.0000279445</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="PLN" fixedOrFloating="Floating" floatingRtIndex="6M WIBOR" floatingRtSpread="0.000000000000" pmntAmt="523.630000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-546.86" curCd="PLN" fixedOrFloating="Fixed" fixedRt="4.000000000000"/>
            <terminationDt>2026-12-17</terminationDt>
            <upfrontPmnt>-47.380000000000</upfrontPmnt>
            <pmntCurCd>PLN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>PLN</rcptCurCd>
            <notionalAmt>394000</notionalAmt>
            <curCd>PLN</curCd>
            <unrealizedAppr>-255.27</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP MXN RCV 7.32% PAY MXIBTIEF1D 05-NOV-2030</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 7.32% PAY MXIBTIEF1D 05-NOV-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H70U"/>
        </identifiers>
        <balance>528000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>-239.36</valUSD>
        <pctVal>-0.0000248442</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="MXN" fixedOrFloating="Fixed" fixedRt="7.320000000000"/>
            <floatingPmntDesc curCd="MXN" fixedOrFloating="Floating" floatingRtIndex="MEXICO INTERBANK TIIE 1 DAY" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-11-05</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>MXN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>MXN</rcptCurCd>
            <notionalAmt>1025000</notionalAmt>
            <curCd>MXN</curCd>
            <unrealizedAppr>-239.36</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 3.95% 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 3.95% 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H73U"/>
        </identifiers>
        <balance>443000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
        <valUSD>-782.04</valUSD>
        <pctVal>-0.0000811713</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="PLN" fixedOrFloating="Floating" floatingRtIndex="6M WIBOR" floatingRtSpread="0.000000000000" pmntAmt="588.740000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-607.19" curCd="PLN" fixedOrFloating="Fixed" fixedRt="3.950000000000"/>
            <terminationDt>2027-12-17</terminationDt>
            <upfrontPmnt>-114.510000000000</upfrontPmnt>
            <pmntCurCd>PLN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>PLN</rcptCurCd>
            <notionalAmt>443000</notionalAmt>
            <curCd>PLN</curCd>
            <unrealizedAppr>-698.75</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.72% 17-DEC-2026</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.72% 17-DEC-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H75U"/>
        </identifiers>
        <balance>3917000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>-457.59</valUSD>
        <pctVal>-0.0000474952</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="3M JIBAR" floatingRtSpread="0.000000000000" pmntAmt="2025.390000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-2008.95" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="6.720000000000"/>
            <terminationDt>2026-12-17</terminationDt>
            <upfrontPmnt>-138.850000000000</upfrontPmnt>
            <pmntCurCd>ZAR</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>ZAR</rcptCurCd>
            <notionalAmt>3917000</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>-332.44</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP PLN RCV WIBOR6M PAY 4.05% 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP PLN RCV WIBOR6M PAY 4.05% 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H77U"/>
        </identifiers>
        <balance>350000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="3.553"/>
        <valUSD>-1058.19</valUSD>
        <pctVal>-0.0001098341</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="PLN" fixedOrFloating="Floating" floatingRtIndex="6M WIBOR" floatingRtSpread="0.000000000000" pmntAmt="465.150000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-491.87" curCd="PLN" fixedOrFloating="Fixed" fixedRt="4.050000000000"/>
            <terminationDt>2030-12-17</terminationDt>
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            <pmntCurCd>PLN</pmntCurCd>
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            <rcptCurCd>PLN</rcptCurCd>
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            <curCd>PLN</curCd>
            <unrealizedAppr>-1052.46</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP BRL RCV 13.02% PAY BZDIO1D 02-JAN-2029</name>
        <lei>N/A</lei>
        <title>OIS_CCP BRL RCV 13.02% PAY BZDIO1D 02-JAN-2029</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5H88U"/>
        </identifiers>
        <balance>415000</balance>
        <units>OU</units>
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        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="BRL" fixedOrFloating="Fixed" fixedRt="13.020000000000"/>
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              <rtResetTenors>
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              </rtResetTenors>
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            <terminationDt>2029-01-02</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>BRL</pmntCurCd>
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            <rcptCurCd>BRL</rcptCurCd>
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            <curCd>BRL</curCd>
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          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP KRW RCV 2.947% PAY KWCDC3M 17-DEC-2030</name>
        <lei>N/A</lei>
        <title>IRS_CCP KRW RCV 2.947% PAY KWCDC3M 17-DEC-2030</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5JA4U"/>
        </identifiers>
        <balance>137933767</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1439.4"/>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>NOMURA INTERNATIONAL PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP BRL RCV BZDIO1D PAY 13.883% 04-JAN-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.535% PAY CNRR07D 17-DEC-2028</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <assetCat>DIR</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-57.27</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.583% PAY CNRR07D 17-DEC-2030</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="N/A"/>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <curCd>CNY</curCd>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP INR RCV 5.714% PAY MIBOR1D 17-DEC-2030</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5JWEU"/>
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        <currencyConditional curCd="INR" exchangeRt="91.9875"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC WHOLESALE</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <upfrontPmnt>0.000000000000</upfrontPmnt>
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            <curCd>INR</curCd>
            <unrealizedAppr>-1594.36</unrealizedAppr>
          </swapDeriv>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 9.31% PAY COOVI1D 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS COP RCV 9.31% PAY COOVI1D 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5KF9U"/>
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        <balance>129741823</balance>
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        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="COP" exchangeRt="3696.89"/>
        <valUSD>-1019.26</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <curCd>COP</curCd>
            <unrealizedAppr>-1019.26</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 9.36% 17-DEC-2029</name>
        <lei>N/A</lei>
        <title>IRS COP RCV COOVI1D PAY 9.36% 17-DEC-2029</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5KG0U"/>
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        <units>OU</units>
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        <currencyConditional curCd="COP" exchangeRt="3696.89"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <terminationDt>2029-12-17</terminationDt>
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            <curCd>COP</curCd>
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          </swapDeriv>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 9.42% 17-DEC-2029</name>
        <lei>N/A</lei>
        <title>IRS COP RCV COOVI1D PAY 9.42% 17-DEC-2029</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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            <terminationDt>2029-12-17</terminationDt>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV 9.37% PAY COOVI1D 17-DEC-2027</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5LNFU"/>
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        <currencyConditional curCd="COP" exchangeRt="3696.89"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>IRS COP RCV COOVI1D PAY 9.42% 17-DEC-2029</name>
        <lei>N/A</lei>
        <title>IRS COP RCV COOVI1D PAY 9.42% 17-DEC-2029</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>EQIX RCV SOFR 1D PAY IBOXX USD 20-03-26</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP USD RCV 3.5925% PAY FFUND1D 18-MAR-2026</name>
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      <invstOrSec>
        <name>OIS_CCP MXN RCV 8.27% PAY MXIBTIEF1D 05-DEC-2035</name>
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              <counterpartyName>BNP PARIBAS SA, PARIS - DERIVATIVES</counterpartyName>
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      <invstOrSec>
        <name>EQIX RCV SOFR 1D PAY IBOXX USD 20-03-26</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK, N.A.</counterpartyName>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.616% PAY FFUND1D 18-MAR-2026</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>OIS_CCP USD RCV 3.6045% PAY FFUND1D 18-MAR-2026</name>
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        <derivativeInfo>
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      <invstOrSec>
        <name>IRS_CCP CNY RCV 1.556% PAY CNRR07D 18-MAR-2029</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>IRS_CCP HUF RCV 5.76% PAY BUBOR6M 18-MAR-2028</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP TWD RCV 2.016% PAY TAIBO3M 17-MAR-2028</name>
        <lei>N/A</lei>
        <title>IRS_CCP TWD RCV 2.016% PAY TAIBO3M 17-MAR-2028</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DP4U"/>
        </identifiers>
        <balance>18910000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="31.47"/>
        <valUSD>-332.34</valUSD>
        <pctVal>-0.0000344950</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANK OF AMERICA, N.A. (DERIV)</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="TWD" fixedOrFloating="Fixed" fixedRt="2.016000000000"/>
            <floatingPmntDesc curCd="TWD" fixedOrFloating="Floating" floatingRtIndex="90 DAY CP" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2028-03-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>TWD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>TWD</rcptCurCd>
            <notionalAmt>18910000</notionalAmt>
            <curCd>TWD</curCd>
            <unrealizedAppr>-332.34</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP MXN RCV 7.53% PAY MXIBTIEF1D 03-JAN-2031</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 7.53% PAY MXIBTIEF1D 03-JAN-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DT7U"/>
        </identifiers>
        <balance>449583</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>-4.86</valUSD>
        <pctVal>-0.0000005044</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="MXN" fixedOrFloating="Fixed" fixedRt="7.530000000000"/>
            <floatingPmntDesc curCd="MXN" fixedOrFloating="Floating" floatingRtIndex="MEXICO INTERBANK TIIE 1 DAY" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2031-01-03</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>MXN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>MXN</rcptCurCd>
            <notionalAmt>449583</notionalAmt>
            <curCd>MXN</curCd>
            <unrealizedAppr>-4.86</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP MXN RCV 8% PAY MXIBTIEF1D 28-DEC-2035</name>
        <lei>N/A</lei>
        <title>OIS_CCP MXN RCV 8% PAY MXIBTIEF1D 28-DEC-2035</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6DT9U"/>
        </identifiers>
        <balance>89154</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>-4.79</valUSD>
        <pctVal>-0.0000004972</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0" curCd="MXN" fixedOrFloating="Fixed" fixedRt="8.000000000000"/>
            <floatingPmntDesc curCd="MXN" fixedOrFloating="Floating" floatingRtIndex="MEXICO INTERBANK TIIE 1 DAY" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2035-12-28</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>MXN</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>MXN</rcptCurCd>
            <notionalAmt>89154</notionalAmt>
            <curCd>MXN</curCd>
            <unrealizedAppr>-4.79</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP CNY RCV CNRR07D PAY 1.6238% 18-MAR-2031</name>
        <lei>N/A</lei>
        <title>IRS_CCP CNY RCV CNRR07D PAY 1.6238% 18-MAR-2031</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N6SWLU"/>
        </identifiers>
        <balance>485612</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="CNY" exchangeRt="6.9485"/>
        <valUSD>53.93</valUSD>
        <pctVal>0.0000055976</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANK OF AMERICA, N.A. (DERIV)</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="CNY" fixedOrFloating="Floating" floatingRtIndex="7D REPO" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0" curCd="CNY" fixedOrFloating="Fixed" fixedRt="1.623800000000"/>
            <terminationDt>2031-03-18</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>CNY</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>CNY</rcptCurCd>
            <notionalAmt>485612</notionalAmt>
            <curCd>CNY</curCd>
            <unrealizedAppr>53.93</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRS_CCP ZAR RCV JIBAR3M PAY 6.5538% 17-DEC-2027</name>
        <lei>N/A</lei>
        <title>IRS_CCP ZAR RCV JIBAR3M PAY 6.5538% 17-DEC-2027</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N5FPAU"/>
        </identifiers>
        <balance>1353757</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>-312.42</valUSD>
        <pctVal>-0.0000324274</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="ZAR" fixedOrFloating="Floating" floatingRtIndex="3M JIBAR" floatingRtSpread="0.000000000000" pmntAmt="700.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="-677.14" curCd="ZAR" fixedOrFloating="Fixed" fixedRt="6.553800000000"/>
            <terminationDt>2027-12-17</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>ZAR</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>ZAR</rcptCurCd>
            <notionalAmt>1353757</notionalAmt>
            <curCd>ZAR</curCd>
            <unrealizedAppr>-289.56</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIS_CCP USD RCV SOFR1D PAY 3.7937% 16-MAY-2026</name>
        <lei>N/A</lei>
        <title>OIS_CCP USD RCV SOFR1D PAY 3.7937% 16-MAY-2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="9N18MLU"/>
        </identifiers>
        <balance>7578000</balance>
        <units>OU</units>
        <descOthUnits>NOTIONAL</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>20895.50</valUSD>
        <pctVal>0.0021688345</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SOFR" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.793700000000"/>
            <terminationDt>2026-05-16</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>7578000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>20895.50</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Morningstar Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>D. Scott Schilling</ncom:signature>
      <ncom:signerName>D. Scott Schilling</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
