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      <invstOrSec>
        <name>HCA Inc</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc 5.25 06/15/2026</title>
        <cusip>404119BT5</cusip>
        <identifiers>
          <isin value="US404119BT57"/>
          <ticker value="HCA"/>
          <other otherDesc="SEDOL" value="BZ57YX1"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100077.9800000000</valUSD>
        <pctVal>0.7727004629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</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>Hershey Co/The</name>
        <lei>21X2CX66SU2BR6QTAD08</lei>
        <title>Hershey Co/The 4.95 02/24/2032</title>
        <cusip>427866BM9</cusip>
        <identifiers>
          <isin value="US427866BM92"/>
          <ticker value="HSY"/>
          <other otherDesc="SEDOL" value="BTJX0Z7"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104109.1600000000</valUSD>
        <pctVal>0.8038251384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</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>Hewlett Packard Enterprise Co</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co 4.55 10/15/2029</title>
        <cusip>42824CBT5</cusip>
        <identifiers>
          <isin value="US42824CBT53"/>
          <ticker value="HPE"/>
          <other otherDesc="SEDOL" value="BRSF102"/>
        </identifiers>
        <balance>125000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125906.9100000000</valUSD>
        <pctVal>0.9721252132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000000</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>Host Hotels &amp; Resorts LP</name>
        <lei>FXB7X4WXVA8QPMNOGS12</lei>
        <title>Host Hotels &amp; Resorts LP 5.50 04/15/2035</title>
        <cusip>44107TBC9</cusip>
        <identifiers>
          <isin value="US44107TBC99"/>
          <ticker value="HST"/>
          <other otherDesc="SEDOL" value="BT3NGQ6"/>
        </identifiers>
        <balance>50000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50871.4200000000</valUSD>
        <pctVal>0.3927774100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000000</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>Humana Inc</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc 5.38 04/15/2031</title>
        <cusip>444859CA8</cusip>
        <identifiers>
          <isin value="US444859CA81"/>
          <ticker value="HUM"/>
          <other otherDesc="SEDOL" value="BRC6GR3"/>
        </identifiers>
        <balance>125000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129355.0900000000</valUSD>
        <pctVal>0.9987485551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000000</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>Inter Pipeline Ltd/AB</name>
        <lei>QQTTPMZD0WKQL0H5S472</lei>
        <title>Inter Pipeline Ltd/AB 5.76 02/17/2028</title>
        <cusip>45833VAF6</cusip>
        <identifiers>
          <isin value="CA45833VAF63"/>
          <ticker value="IPLCN"/>
          <other otherDesc="SEDOL" value="BP4TY49"/>
        </identifiers>
        <balance>130000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3974500000"/>
        <valUSD>97802.5700000000</valUSD>
        <pctVal>0.7551320592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.760000000000000</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>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange Inc 3.63 09/01/2028</title>
        <cusip>45866FBB9</cusip>
        <identifiers>
          <isin value="US45866FBB94"/>
          <ticker value="ICE"/>
          <other otherDesc="SEDOL" value="BS6RQ35"/>
        </identifiers>
        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148685.7000000000</valUSD>
        <pctVal>1.1479998819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000000</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>Kinder Morgan Inc</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan Inc 5.40 02/01/2034</title>
        <cusip>494553AE0</cusip>
        <identifiers>
          <isin value="US494553AE00"/>
          <ticker value="KMI"/>
          <other otherDesc="SEDOL" value="BSMP5D6"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103634.7400000000</valUSD>
        <pctVal>0.8001621493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000000</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>Kraft Heinz Foods Co</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co 3.75 04/01/2030</title>
        <cusip>50077LAV8</cusip>
        <identifiers>
          <isin value="US50077LAV80"/>
          <ticker value="KHC"/>
          <other otherDesc="SEDOL" value="BKSYG27"/>
        </identifiers>
        <balance>110000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107737.7700000000</valUSD>
        <pctVal>0.8318415775</pctVal>
        <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>3.750000000000000</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>LPL Holdings Inc</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL Holdings Inc 5.75 06/15/2035</title>
        <cusip>50212YAQ7</cusip>
        <identifiers>
          <isin value="US50212YAQ70"/>
          <ticker value="LPLA"/>
          <other otherDesc="SEDOL" value="BQT23B0"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103423.1400000000</valUSD>
        <pctVal>0.7985283891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</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>Lennar Corp</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>Lennar Corp 5.25 06/01/2026</title>
        <cusip>526057CT9</cusip>
        <identifiers>
          <isin value="US526057CT92"/>
          <ticker value="LEN"/>
          <other otherDesc="SEDOL" value="BG31VZ3"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100062.4300000000</valUSD>
        <pctVal>0.7725804016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</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>Williams Cos Inc/The</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The 2.60 03/15/2031</title>
        <cusip>969457BY5</cusip>
        <identifiers>
          <isin value="US969457BY52"/>
          <ticker value="WMB"/>
          <other otherDesc="SEDOL" value="BKQN7D4"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91475.4700000000</valUSD>
        <pctVal>0.7062806225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.600000000000000</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>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA 1.38 02/28/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013284254"/>
          <ticker value="ENGIFP"/>
          <other otherDesc="SEDOL" value="BD35XV4"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>111282.5600000000</valUSD>
        <pctVal>0.8592108437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000000</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>Unilever Finance Netherlands BV</name>
        <lei>549300SWJ4YK4LLNT176</lei>
        <title>Unilever Finance Netherlands BV 1.63 02/12/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1769091296"/>
          <ticker value="UNANA"/>
          <other otherDesc="SEDOL" value="BDZW7T9"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>105157.3300000000</valUSD>
        <pctVal>0.8119180420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000000</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>Richemont International Holding SA</name>
        <lei>549300V9893NUQX6X069</lei>
        <title>Richemont International Holding SA 1.50 03/26/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1789752182"/>
          <ticker value="CFRVX"/>
          <other otherDesc="SEDOL" value="BYVSL29"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>110077.4400000000</valUSD>
        <pctVal>0.8499061317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000000</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>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA 1.75 09/26/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013367638"/>
          <ticker value="DGFP"/>
          <other otherDesc="SEDOL" value="BF2PHS4"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>110182.5600000000</valUSD>
        <pctVal>0.8507177615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000000</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>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bouygues SA</name>
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        <name>Infineon Technologies AG</name>
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        <name>Lincoln National Corp</name>
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        <name>Mars Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MetLife Inc</name>
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        <name>Microsoft Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mid-America Apartments LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Nasdaq Inc</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>Nasdaq Inc 5.55 02/15/2034</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NIKE Inc</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE Inc 2.85 03/27/2030</title>
        <cusip>654106AK9</cusip>
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        <name>Prologis LP</name>
        <lei>GL16H1DHB0QSHP25F723</lei>
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        <cusip>74340XCJ8</cusip>
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        <name>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <cusip>74432QCK9</cusip>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The 3.30 04/01/2027</title>
        <cusip>808513BW4</cusip>
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        <name>Simon Property Group LP</name>
        <lei>MR92GTD0MJTTTTQDVG45</lei>
        <title>Simon Property Group LP 4.75 09/26/2034</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The 3.70 04/30/2030</title>
        <cusip>842587DE4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc 3.45 01/11/2027</title>
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          <isin value="US86562MAN02"/>
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          <other otherDesc="SEDOL" value="BF370K2"/>
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        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149154.5300000000</valUSD>
        <pctVal>1.1516197108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank/The</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/The 5.30 01/30/2032</title>
        <cusip>89115A3G5</cusip>
        <identifiers>
          <isin value="US89115A3G59"/>
          <ticker value="TD"/>
          <other otherDesc="SEDOL" value="BMYSF20"/>
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        <balance>100000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105041.3600000000</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Credit Corp</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp 5.10 03/21/2031</title>
        <cusip>89236TLZ6</cusip>
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          <isin value="US89236TLZ65"/>
          <ticker value="TOYOTA"/>
          <other otherDesc="SEDOL" value="BPV8DV9"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104255.2600000000</valUSD>
        <pctVal>0.8049531742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.100000000000001</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc 4.90 04/15/2031</title>
        <cusip>91324PFA5</cusip>
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          <isin value="US91324PFA57"/>
          <ticker value="UNH"/>
          <other otherDesc="SEDOL" value="BQB5GJ6"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102998.9400000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000000</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>Universal Health Services Inc</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>Universal Health Services Inc 4.63 10/15/2029</title>
        <cusip>913903BB5</cusip>
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          <isin value="US913903BB57"/>
          <ticker value="UHS"/>
          <other otherDesc="SEDOL" value="BRSF191"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100676.4300000000</valUSD>
        <pctVal>0.7773210857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</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>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP 4.00 03/01/2028</title>
        <cusip>92277GAM9</cusip>
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          <isin value="US92277GAM96"/>
          <ticker value="VTR"/>
          <other otherDesc="SEDOL" value="BYWJDB4"/>
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        <balance>150000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149732.4600000000</valUSD>
        <pctVal>1.1560818989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>VICI Properties LP</name>
        <lei>254900X4QE7SGKQLLN38</lei>
        <title>VICI Properties LP 5.13 05/15/2032</title>
        <cusip>925650AD5</cusip>
        <identifiers>
          <isin value="US925650AD55"/>
          <ticker value="VICI"/>
          <other otherDesc="SEDOL" value="BP5JTL0"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100897.6300000000</valUSD>
        <pctVal>0.7790289673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</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>eBay Inc</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay Inc 1.40 05/10/2026</title>
        <cusip>278642AX1</cusip>
        <identifiers>
          <isin value="US278642AX15"/>
          <ticker value="EBAY"/>
          <other otherDesc="SEDOL" value="BMF4F38"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98875.4500000000</valUSD>
        <pctVal>0.7634157483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.400000000000000</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>Emerson Electric Co</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>Emerson Electric Co 1.80 10/15/2027</title>
        <cusip>291011BL7</cusip>
        <identifiers>
          <isin value="US291011BL71"/>
          <ticker value="EMR"/>
          <other otherDesc="SEDOL" value="BMDWPV2"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96503.8200000000</valUSD>
        <pctVal>0.7451044315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000000</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>Enbridge Inc 5.30 04/05/2029</title>
        <cusip>29250NCB9</cusip>
        <identifiers>
          <isin value="US29250NCB91"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BQZCJB6"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103257.2000000000</valUSD>
        <pctVal>0.7972471691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP 5.25 04/15/2029</title>
        <cusip>29278NAG8</cusip>
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          <isin value="US29278NAG88"/>
          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BJCYMH3"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102937.0600000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>Tesco Corporate Treasury Services PLC</name>
        <lei>21380018AJDKNF3A6712</lei>
        <title>Tesco Corporate Treasury Services PLC 0.38 07/27/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2289877941"/>
          <ticker value="TSCOLN"/>
          <other otherDesc="SEDOL" value="BMDQC79"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>106359.8400000000</valUSD>
        <pctVal>0.8212026023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.375000000000000</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>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 0.75 03/23/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2389353264"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BM8VBN8"/>
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        <balance>50000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>50158.6000000000</valUSD>
        <pctVal>0.3872737383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.750000000000000</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>Videotron Ltd</name>
        <lei>549300LW4GNJRBECSD81</lei>
        <title>Videotron Ltd 3.13 01/15/2031</title>
        <cusip>92660FAM6</cusip>
        <identifiers>
          <isin value="CA92660FAM64"/>
          <ticker value="QBRCN"/>
          <other otherDesc="SEDOL" value="BQHM2V5"/>
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        <balance>120000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3974500000"/>
        <valUSD>83695.5900000000</valUSD>
        <pctVal>0.6462122950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000000</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>Waste Management Inc</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>Waste Management Inc 1.15 03/15/2028</title>
        <cusip>94106LBN8</cusip>
        <identifiers>
          <isin value="US94106LBN82"/>
          <ticker value="WM"/>
          <other otherDesc="SEDOL" value="BL54V77"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94176.0300000000</valUSD>
        <pctVal>0.7271316026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.150000000000000</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC 3.02 06/15/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2486589596"/>
          <ticker value="HSBC"/>
          <other otherDesc="SEDOL" value="BPG81P4"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>116433.5300000000</valUSD>
        <pctVal>0.8989813996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.019000000000000</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>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE 3.13 06/29/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2491542374"/>
          <ticker value="BASGR"/>
          <other otherDesc="SEDOL" value="BKPSF25"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>235560.1200000000</valUSD>
        <pctVal>1.8187558719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000000</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>Weyerhaeuser Co</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>Weyerhaeuser Co 7.38 03/15/2032</title>
        <cusip>962166BR4</cusip>
        <identifiers>
          <isin value="US962166BR41"/>
          <ticker value="WY"/>
          <other otherDesc="SEDOL" value="BB0RG32"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>114343.4200000000</valUSD>
        <pctVal>0.8828436942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000000</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>Enel Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International NV 3.88 03/09/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2531420656"/>
          <ticker value="ENELIM"/>
          <other otherDesc="SEDOL" value="BMBR4F6"/>
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        <balance>100000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>120237.2800000000</valUSD>
        <pctVal>0.9283500918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000000</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>Medtronic Global Holdings SCA</name>
        <lei>549300JXMTTP8GKYIX14</lei>
        <title>Medtronic Global Holdings SCA 3.00 10/15/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2535308477"/>
          <ticker value="MDT"/>
          <other otherDesc="SEDOL" value="BQV3QZ6"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>117380.4100000000</valUSD>
        <pctVal>0.9062922448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000000</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>Becton Dickinson Euro Finance Sarl</name>
        <lei>549300W40NLZ25XUTH09</lei>
        <title>Becton Dickinson Euro Finance Sarl 3.55 09/13/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2585932275"/>
          <ticker value="BDX"/>
          <other otherDesc="SEDOL" value="BMWSBG8"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>118869.1300000000</valUSD>
        <pctVal>0.9177866278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.553000000000000</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>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG 4.63 05/26/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2630111719"/>
          <ticker value="BAYNGR"/>
          <other otherDesc="SEDOL" value="BR1XXK7"/>
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        <balance>75000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>92701.5700000000</valUSD>
        <pctVal>0.7157473208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000000</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>ING Bank NV</name>
        <lei>3TK20IVIUJ8J3ZU0QE75</lei>
        <title>ING Bank NV 4.13 10/02/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2697483118"/>
          <ticker value="INTNED"/>
          <other otherDesc="SEDOL" value="BRCD8N4"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>117927.9300000000</valUSD>
        <pctVal>0.9105196378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000000</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>Siemens Financieringsmaatschappij NV</name>
        <lei>TAFO772JB70PDRN5VS48</lei>
        <title>Siemens Financieringsmaatschappij NV 3.00 11/22/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2769892519"/>
          <ticker value="SIEGR"/>
          <other otherDesc="SEDOL" value="BQ7WV07"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>235853.1500000000</valUSD>
        <pctVal>1.8210183518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000000</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>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC 3.88 05/14/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2815980664"/>
          <ticker value="LLOYDS"/>
          <other otherDesc="SEDOL" value="BSCBZP6"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>119931.6800000000</valUSD>
        <pctVal>0.9259905591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.875000000000000</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>Novo Nordisk Finance Netherlands BV</name>
        <lei>549300X0PCJ6M2JZQW91</lei>
        <title>Novo Nordisk Finance Netherlands BV 3.38 05/21/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2820460751"/>
          <ticker value="NOVOB"/>
          <other otherDesc="SEDOL" value="BPJK607"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>232270.1200000000</valUSD>
        <pctVal>1.7933538352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000000</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>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA 3.13 01/26/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400SVD1"/>
          <ticker value="ACAFP"/>
          <other otherDesc="SEDOL" value="BT9M3M2"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>117071.3900000000</valUSD>
        <pctVal>0.9039063064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.125000000000000</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/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 3.50 01/23/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2983840518"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BTWVBV1"/>
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        <balance>90000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>105784.7200000000</valUSD>
        <pctVal>0.8167621101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.500000000000000</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>TotalEnergies Capital International SA</name>
        <lei>549300U37G2I8G4RUG09</lei>
        <title>TotalEnergies Capital International SA 0.75 07/12/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1443997819"/>
          <ticker value="TTEFP"/>
          <other otherDesc="SEDOL" value="BD088L1"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>111186.0900000000</valUSD>
        <pctVal>0.8584660004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.750000000000000</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>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA 4.00 03/05/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005585051"/>
          <ticker value="UCGIM"/>
          <other otherDesc="SEDOL" value="BK7ZW89"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>120144.5000000000</valUSD>
        <pctVal>0.9276337389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA 4.38 07/13/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400F075"/>
          <ticker value="BPCEGP"/>
          <other otherDesc="SEDOL" value="BMTWCF9"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>120806.6800000000</valUSD>
        <pctVal>0.9327464200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000000</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>Nykredit Realkredit A/S</name>
        <lei>LIU16F6VZJSD6UKHD557</lei>
        <title>Nykredit Realkredit A/S 4.00 07/17/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0030045703"/>
          <ticker value="NYKRE"/>
          <other otherDesc="SEDOL" value="BMZMG62"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>119796.0200000000</valUSD>
        <pctVal>0.9249431305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>
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        <cusip>N/A</cusip>
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          <isin value="XS2292263121"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BN7CST4"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AbbVie Inc</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc 4.95 03/15/2031</title>
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          <isin value="US00287YDT38"/>
          <ticker value="ABBV"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities Inc</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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          <isin value="US015271BA64"/>
          <ticker value="ARE"/>
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        <curCd>USD</curCd>
        <valUSD>72842.9200000000</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>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc 4.38 11/15/2032</title>
        <cusip>02079KAX5</cusip>
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          <isin value="US02079KAX54"/>
          <ticker value="GOOGL"/>
          <other otherDesc="SEDOL" value="BVSWFT8"/>
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        <balance>75000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75934.4400000000</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>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amgen Inc</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc 5.25 03/02/2033</title>
        <cusip>031162DR8</cusip>
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          <isin value="US031162DR88"/>
          <ticker value="AMGN"/>
          <other otherDesc="SEDOL" value="BMTY608"/>
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        <balance>100000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104256.1000000000</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>2033-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000000</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>Andrew W Mellon Foundation/The</name>
        <lei>HVIJIPOQ5TXYVD3NET54</lei>
        <title>Andrew W Mellon Foundation/The 0.95 08/01/2027</title>
        <cusip>03444RAB4</cusip>
        <identifiers>
          <isin value="US03444RAB42"/>
          <ticker value="MELLON"/>
          <other otherDesc="SEDOL" value="BMXXZC6"/>
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        <balance>150000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143398.6600000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.947000000000000</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>Elevance Health Inc</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health Inc 4.75 02/15/2030</title>
        <cusip>036752BB8</cusip>
        <identifiers>
          <isin value="US036752BB83"/>
          <ticker value="ELV"/>
          <other otherDesc="SEDOL" value="BT259W0"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102169.8300000000</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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc 2.60 12/17/2029</title>
        <cusip>04650NAE4</cusip>
        <identifiers>
          <isin value="XS1144088165"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BSRG556"/>
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        <balance>100000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>115061.6400000000</valUSD>
        <pctVal>0.8883890592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.6</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>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding 5.58 01/09/2029</title>
        <cusip>04685A3Q2</cusip>
        <identifiers>
          <isin value="US04685A3Q28"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BRXJQ71"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102885.1700000000</valUSD>
        <pctVal>0.7943747315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.583000000000000</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>AutoZone Inc</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
        <title>AutoZone Inc 4.00 04/15/2030</title>
        <cusip>053332AZ5</cusip>
        <identifiers>
          <isin value="US053332AZ56"/>
          <ticker value="AZO"/>
          <other otherDesc="SEDOL" value="BMQ5M17"/>
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        <balance>125000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124075.0800000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal 2.65 03/08/2027</title>
        <cusip>06368FAJ8</cusip>
        <identifiers>
          <isin value="US06368FAJ84"/>
          <ticker value="BMO"/>
          <other otherDesc="SEDOL" value="BN942W9"/>
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        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147663.4300000000</valUSD>
        <pctVal>1.1401069518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.650000000000000</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>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal 4.42 07/17/2029</title>
        <cusip>06368L5G7</cusip>
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          <isin value="CA06368L5G77"/>
          <ticker value="BMO"/>
          <other otherDesc="SEDOL" value="BSWXML7"/>
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        <balance>100000.0000000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.3974500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.420000000000000</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>British Telecommunications PLC</name>
        <lei>549300OWFMSO9NYV4H90</lei>
        <title>British Telecommunications PLC 5.75 12/07/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <ticker value="BRITEL"/>
          <other otherDesc="SEDOL" value="0678087"/>
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        <balance>50000.0000000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.7554580000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000000</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>Bell Telephone Co of Canada or Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Telephone Co of Canada or Bell Canada 4.55 02/09/2030</title>
        <cusip>07813ZCL6</cusip>
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          <ticker value="BCECN"/>
          <other otherDesc="SEDOL" value="BMXKYH5"/>
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        <balance>140000.0000000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.3974500000"/>
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        <pctVal>0.8055150302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000000</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>Berkshire Hathaway Inc</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>Berkshire Hathaway Inc 1.13 03/16/2027</title>
        <cusip>084670BN7</cusip>
        <identifiers>
          <isin value="XS1200679071"/>
          <ticker value="BRK"/>
          <other otherDesc="SEDOL" value="BWB63K1"/>
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        <balance>100000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>114286.2200000000</valUSD>
        <pctVal>0.8824020539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.125000000000000</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>Boston Properties LP</name>
        <lei>BVHHEFJI6SHNOKQT2572</lei>
        <title>Boston Properties LP 4.50 12/01/2028</title>
        <cusip>10112RBA1</cusip>
        <identifiers>
          <isin value="US10112RBA14"/>
          <ticker value="BXP"/>
          <other otherDesc="SEDOL" value="BGL9BF9"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100589.4800000000</valUSD>
        <pctVal>0.7766497462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</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>BP Capital Markets America Inc</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America Inc 4.70 04/10/2029</title>
        <cusip>10373QBX7</cusip>
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          <isin value="US10373QBX79"/>
          <ticker value="BPLN"/>
          <other otherDesc="SEDOL" value="BRBCFK8"/>
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        <curCd>USD</curCd>
        <valUSD>102091.2300000000</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>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce 3.45 04/07/2027</title>
        <cusip>13607HR61</cusip>
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          <isin value="US13607HR618"/>
          <ticker value="CM"/>
          <other otherDesc="SEDOL" value="BPZKDP5"/>
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        <balance>150000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149164.6200000000</valUSD>
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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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          <maturityDt>2027-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.450000000000000</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>Caterpillar Financial Services Corp</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp 4.40 10/15/2027</title>
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          <isin value="US14913UAR14"/>
          <ticker value="CAT"/>
          <other otherDesc="SEDOL" value="BL0NZ22"/>
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        <balance>50000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50600.2800000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.400000000000000</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>Caterpillar Financial Services Corp</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp 4.70 11/15/2029</title>
        <cusip>14913UAU4</cusip>
        <identifiers>
          <isin value="US14913UAU43"/>
          <ticker value="CAT"/>
          <other otherDesc="SEDOL" value="BS1JDJ1"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102853.0400000000</valUSD>
        <pctVal>0.7941266563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000000</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>CHEVRON U.S.A. INC</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
        <title>Chevron USA Inc 4.69 04/15/2030</title>
        <cusip>166756BD7</cusip>
        <identifiers>
          <isin value="US166756BD74"/>
          <ticker value="CVX"/>
          <other otherDesc="SEDOL" value="BMTZ065"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102629.3900000000</valUSD>
        <pctVal>0.7923998582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.687000000000000</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>Chubb INA Holdings LLC</name>
        <lei>CZCBJZWDMLTHWJDXU843</lei>
        <title>Chubb INA Holdings LLC 4.65 08/15/2029</title>
        <cusip>171239AL0</cusip>
        <identifiers>
          <isin value="US171239AL07"/>
          <ticker value="CB"/>
          <other otherDesc="SEDOL" value="BRJPP21"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204698.4500000000</valUSD>
        <pctVal>1.5804734176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.650000000000000</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>Cisco Systems Inc/Delaware</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems Inc 5.05 02/26/2034</title>
        <cusip>17275RBT8</cusip>
        <identifiers>
          <isin value="US17275RBT86"/>
          <ticker value="CSCO"/>
          <other otherDesc="SEDOL" value="BMG7QQ6"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207624.7100000000</valUSD>
        <pctVal>1.6030670237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000000</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>Coca-Cola Co/The</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>Coca-Cola Co/The 3.45 03/25/2030</title>
        <cusip>191216CT5</cusip>
        <identifiers>
          <isin value="US191216CT51"/>
          <ticker value="KO"/>
          <other otherDesc="SEDOL" value="BL63CG9"/>
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        <balance>110000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108127.6200000000</valUSD>
        <pctVal>0.8348516030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.450000000000000</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>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands Inc 5.30 10/01/2026</title>
        <cusip>205887CJ9</cusip>
        <identifiers>
          <isin value="US205887CJ91"/>
          <ticker value="CAG"/>
          <other otherDesc="SEDOL" value="BRF3RJ0"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100958.1200000000</valUSD>
        <pctVal>0.7794960096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</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>ConocoPhillips Co 5.00 01/15/2035</title>
        <cusip>20826FBL9</cusip>
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          <isin value="US20826FBL94"/>
          <ticker value="COP"/>
          <other otherDesc="SEDOL" value="BTBKC05"/>
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        <balance>100000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102360.5100000000</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>5.000000000000000</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>Dell International LLC / EMC Corp</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>Dell International LLC / EMC Corp 6.02 06/15/2026</title>
        <cusip>24703TAD8</cusip>
        <identifiers>
          <isin value="US24703TAD81"/>
          <ticker value="DELL"/>
          <other otherDesc="SEDOL" value="BL97CL3"/>
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        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20121.6200000000</valUSD>
        <pctVal>0.1553587022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.020000000000000</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>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
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        <balance>58569.3900000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58569.3900000000</valUSD>
        <pctVal>0.4522133117</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill 0.00 12/18/2025</title>
        <cusip>912797QZ3</cusip>
        <identifiers>
          <isin value="US912797QZ38"/>
          <ticker value="B"/>
          <other otherDesc="SEDOL" value="BVMCCR1"/>
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        <balance>250000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249539.1700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill 0.00 01/15/2026</title>
        <cusip>912797RJ8</cusip>
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          <isin value="US912797RJ86"/>
          <ticker value="B"/>
          <other otherDesc="SEDOL" value="BV5PL47"/>
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        <balance>200000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199055.2800000000</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>None</couponKind>
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      <invstOrSec>
        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill 0.00 03/05/2026</title>
        <cusip>912797RV1</cusip>
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          <isin value="US912797RV15"/>
          <ticker value="B"/>
          <other otherDesc="SEDOL" value="BVN7QZ1"/>
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        <curCd>USD</curCd>
        <valUSD>198078.2200000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>CBOT 5 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 5YR NOTE (CBT) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FVH6"/>
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        <balance>9.0000000000</balance>
        <units>NC</units>
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        <valUSD>1498.0800000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 1.25 07/13/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014001GJ0"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BNBTKT5"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7554580000"/>
        <valUSD>109347.7300000000</valUSD>
        <pctVal>0.8442720526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000000</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>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC 3.75 03/03/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2593105476"/>
          <ticker value="AZN"/>
          <other otherDesc="SEDOL" value="BQKRHW3"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>121253.2600000000</valUSD>
        <pctVal>0.9361944569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000000</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>BMW US Capital LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US Capital LLC 3.38 02/02/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3LT423"/>
          <ticker value="BMW"/>
          <other otherDesc="SEDOL" value="BQWNJJ0"/>
        </identifiers>
        <balance>90000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>104252.3100000000</valUSD>
        <pctVal>0.8049303973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000000</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>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE 3.50 09/07/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400KJO0"/>
          <ticker value="MCFP"/>
          <other otherDesc="SEDOL" value="BRJ8RM4"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>119227.3500000000</valUSD>
        <pctVal>0.9205524386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000000</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>Mercedes-Benz International Finance BV</name>
        <lei>529900RUGCXMPEENHQ31</lei>
        <title>Mercedes-Benz International Finance BV 3.25 11/15/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A382988"/>
          <ticker value="MBGGR"/>
          <other otherDesc="SEDOL" value="BSCBZH8"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>117943.7800000000</valUSD>
        <pctVal>0.9106420154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000000</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>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE 1.38 05/13/2031</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1410582313"/>
          <ticker value="AIRFP"/>
          <other otherDesc="SEDOL" value="BZBW236"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8618090000"/>
        <valUSD>107686.0200000000</valUSD>
        <pctVal>0.8314420166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000000</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>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc 4.70 11/15/2035</title>
        <cusip>02079KAY3</cusip>
        <identifiers>
          <isin value="US02079KAY38"/>
          <ticker value="GOOGL"/>
          <other otherDesc="SEDOL" value="BVSWFD2"/>
        </identifiers>
        <balance>75000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76240.1700000000</valUSD>
        <pctVal>0.5886491180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000000</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>American Honda Finance Corp</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp 4.80 03/05/2030</title>
        <cusip>02665WFY2</cusip>
        <identifiers>
          <isin value="US02665WFY21"/>
          <ticker value="HNDA"/>
          <other otherDesc="SEDOL" value="BN72V39"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102251.2100000000</valUSD>
        <pctVal>0.7894799366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000000</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>American Tower Corp</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp 3.80 08/15/2029</title>
        <cusip>03027XAW0</cusip>
        <identifiers>
          <isin value="US03027XAW02"/>
          <ticker value="AMT"/>
          <other otherDesc="SEDOL" value="BJMJ814"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98538.5900000000</valUSD>
        <pctVal>0.7608148577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000000</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>American Water Capital Corp</name>
        <lei>5IDHQUFVC8Q2KIBBFF06</lei>
        <title>American Water Capital Corp 4.45 06/01/2032</title>
        <cusip>03040WBA2</cusip>
        <identifiers>
          <isin value="US03040WBA27"/>
          <ticker value="AWK"/>
          <other otherDesc="SEDOL" value="BMV87B6"/>
        </identifiers>
        <balance>125000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125823.9600000000</valUSD>
        <pctVal>0.9714847576</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>4.450000000000000</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>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>MARKIT CDX.NA.HY.45 12/30</title>
        <cusip>SPDX0BBS2</cusip>
        <identifiers>
          <ticker value="/CDS"/>
          <other otherDesc="Internal ID" value="SPDX0BBS2"/>
        </identifiers>
        <balance>650000.0000000000</balance>
        <units>OU</units>
        <descOthUnits>Swap Contract Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>54800.76000000005</valUSD>
        <pctVal>0.4231157805</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Markit CDX North America High Yield Index</issuerName>
                <issueTitle>Markit CDX North America High Yield Index Series 45</issueTitle>
                <identifiers>
                  <ticker value="CDX.NA.HY"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="6319.4500000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Markit CDX North America High Yield Index Series 45" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-12-20</terminationDt>
            <upfrontPmnt>48375.760000000010</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>650000.0000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>6425</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-27</ncom:dateSigned>
      <ncom:nameOfApplicant>American Century ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Amy R. Bitter</ncom:signature>
      <ncom:signerName>Amy R. Bitter</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
