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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN AIRLINES INC</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
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        <cusip>023771T32</cusip>
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          <isin value="US023771T329"/>
          <ticker value="AAL"/>
          <other otherDesc="SEDOL" value="BMZLS41"/>
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        <balance>740000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754614.5300000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Airlines 2014-1 Class A Pass Through Trust</name>
        <lei>N/A</lei>
        <title>American Airlines 2014-1 Class A Pass Through Trust 3.70 04/01/2028</title>
        <cusip>02377AAA6</cusip>
        <identifiers>
          <isin value="US02377AAA60"/>
          <ticker value="AAL"/>
          <other otherDesc="SEDOL" value="BQQP7Y3"/>
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        <balance>6586.9600000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6566.9900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Assets Trust LP</name>
        <lei>549300V1TI0SMG9Z6U69</lei>
        <title>American Assets Trust LP 3.38 02/01/2031</title>
        <cusip>02401LAA2</cusip>
        <identifiers>
          <isin value="US02401LAA26"/>
          <ticker value="AAT"/>
          <other otherDesc="SEDOL" value="BM9QFV8"/>
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        <balance>605000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557408.0400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Net Lease Inc</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc 4.50 09/30/2028</title>
        <cusip>02608AAA7</cusip>
        <identifiers>
          <isin value="US02608AAA79"/>
          <ticker value="GNL"/>
          <other otherDesc="SEDOL" value="BPBRT30"/>
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        <balance>815000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>801960.5700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust 2020-5</name>
        <lei>N/A</lei>
        <title>Angel Oak Mortgage Trust 2020-5 1.58</title>
        <cusip>03464WAB8</cusip>
        <identifiers>
          <isin value="US03464WAB81"/>
          <ticker value="AOMT"/>
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        <balance>33133.8500000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32204.0400000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.579000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AppLovin Corp</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp 5.13 12/01/2029</title>
        <cusip>03831WAB4</cusip>
        <identifiers>
          <isin value="US03831WAB46"/>
          <ticker value="APP"/>
          <other otherDesc="SEDOL" value="BTG00L7"/>
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        <balance>628000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>641450.8600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AppLovin Corp</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp 5.38 12/01/2031</title>
        <cusip>03831WAC2</cusip>
        <identifiers>
          <isin value="US03831WAC29"/>
          <ticker value="APP"/>
          <other otherDesc="SEDOL" value="BTG00H3"/>
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        <balance>390000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402078.5800000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aqua Finance Issuer Trust 2025-B</name>
        <lei>N/A</lei>
        <title>Aqua Finance Issuer Trust 2025-B 6.16</title>
        <cusip>03837GAD9</cusip>
        <identifiers>
          <isin value="US03837GAD97"/>
          <ticker value="AQFIT"/>
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        <balance>343000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350190.6500000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.160000000000000</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.12</title>
        <cusip>03880RAA7</cusip>
        <identifiers>
          <isin value="US03880RAA77"/>
          <ticker value="ARCLO"/>
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        <balance>34301.5400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34318.6300000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arbor Realty SR Inc</name>
        <lei>549300TW7RTL2CI3CN08</lei>
        <title>Arbor Realty SR Inc 8.50 12/15/2028</title>
        <cusip>03881NAL1</cusip>
        <identifiers>
          <isin value="US03881NAL10"/>
          <ticker value="ABR"/>
          <other otherDesc="SEDOL" value="BS1LNW0"/>
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        <balance>475000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>462518.9800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ares Strategic Income Fund</name>
        <lei>549300IANZJVZPTICV54</lei>
        <title>Ares Strategic Income Fund 5.70 03/15/2028</title>
        <cusip>04020EAG2</cusip>
        <identifiers>
          <isin value="US04020EAG26"/>
          <ticker value="ARESSI"/>
          <other otherDesc="SEDOL" value="BVMCB41"/>
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        <balance>346000.0000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust 2024-CMI1</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2024-CMI1 5.50</title>
        <cusip>17332DAL8</cusip>
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          <isin value="US17332DAL82"/>
          <ticker value="CMLTI"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global Inc 3.38 10/01/2028</title>
        <cusip>19260QAC1</cusip>
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          <ticker value="COIN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Permian Resources Operating LLC</name>
        <lei>5493004CTVUMQLRPOE23</lei>
        <title>Permian Resources Operating LLC 5.88 07/01/2029</title>
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          <isin value="US19416MAB54"/>
          <ticker value="PR"/>
          <other otherDesc="SEDOL" value="BMBYK60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>College Ave Student Loans 2019-A LLC</name>
        <lei>N/A</lei>
        <title>College Ave Student Loans 2019-A LLC 4.46</title>
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          <isin value="US19421UAD63"/>
          <ticker value="CASL"/>
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        <balance>297384.5200000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond 6.13 01/21/2031</title>
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          <ticker value="COLOM"/>
          <other otherDesc="SEDOL" value="BSSBV29"/>
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        <curCd>USD</curCd>
        <valUSD>1000150.0000000000</valUSD>
        <pctVal>0.5678351651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>Fifth Third Financial Corp</name>
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          <isin value="US200340AW72"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Compass Datacenters Issuer III LLC</name>
        <lei>N/A</lei>
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          <isin value="US20469BAH06"/>
          <ticker value="CMDC"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Concord Music Royalties LLC</name>
        <lei>N/A</lei>
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          <ticker value="TUNES"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Concord Music Royalties LLC</name>
        <lei>N/A</lei>
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          <isin value="US20633KAJ79"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2024-R01</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2024-R01 4.72</title>
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          <isin value="US20753UAA88"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BPDYXX7"/>
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        <balance>54379.0700000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Agricole SA</name>
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          <ticker value="ACAFP"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Cross 2024-H3 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross 2024-H3 Mortgage Trust 6.58</title>
        <cusip>22758DAB5</cusip>
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          <isin value="US22758DAB55"/>
          <ticker value="CROSS"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>DataBank Issuer</name>
        <lei>N/A</lei>
        <title>DataBank Issuer 5.12</title>
        <cusip>23802WAL5</cusip>
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          <isin value="US23802WAL54"/>
          <ticker value="COLO"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DataBank Issuer</name>
        <lei>N/A</lei>
        <title>DataBank Issuer 5.81</title>
        <cusip>23802WAQ4</cusip>
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          <isin value="US23802WAQ42"/>
          <ticker value="COLO"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Diamond Issuer LLC</name>
        <lei>N/A</lei>
        <title>Diamond Issuer LLC 2.31</title>
        <cusip>25267TAN1</cusip>
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          <isin value="US25267TAN19"/>
          <ticker value="SHINE"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Discovery Communications LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
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          <ticker value="WBD"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Discovery Communications LLC</name>
        <lei>L2Z2MO2EQURH3BREWI15</lei>
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          <ticker value="WBD"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc (pfd) 4.35% 04/15/2174 Perpetual</title>
        <cusip>25746UDM8</cusip>
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          <ticker value="D"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Dresdner Funding Trust I</name>
        <lei>549300ZEO4BKB37E3J03</lei>
        <title>Dresdner Funding Trust I 8.15 06/30/2031</title>
        <cusip>26156FAA1</cusip>
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          <ticker value="CMZB"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300AS2O1RYPD2ED41</lei>
        <title>Dryden 30 Senior Loan Fund 5.61</title>
        <cusip>26249BAU5</cusip>
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          <ticker value="DRSLF"/>
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        <balance>47842.4500000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>EDI ABS Issuer 1 LLC</name>
        <lei>N/A</lei>
        <title>EDI ABS Issuer 1 LLC 4.55</title>
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          <isin value="US268332AB90"/>
          <ticker value="ECORE"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SWCH Commercial Mortgage Trust 2025-DATA</name>
        <lei>N/A</lei>
        <title>SWCH Commercial Mortgage Trust 2025-DATA 5.10</title>
        <cusip>78489CAA7</cusip>
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          <ticker value="SWCH"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust 2025-Ces1</name>
        <lei>254900WEZWXJLYHMU869</lei>
        <title>Santander Mortgage Asset Receivable Trust 2025-Ces1 5.04</title>
        <cusip>802650AB7</cusip>
        <identifiers>
          <isin value="US802650AB74"/>
          <ticker value="SAN"/>
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        <balance>645498.7600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>650735.0500000000</valUSD>
        <pctVal>0.3694548263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.036000000000000</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>Santander Mortgage Asset Receivable Trust 2026-CES1</name>
        <lei>25490018SHMEBF8BBD83</lei>
        <title>Santander Mortgage Asset Receivable Trust 2026-CES1 4.88</title>
        <cusip>802932AA1</cusip>
        <identifiers>
          <isin value="US802932AA18"/>
          <ticker value="SAN"/>
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        <balance>596634.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599652.6100000000</valUSD>
        <pctVal>0.3404527709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.876000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Santander Mortgage Asset Receivable Trust 2026-CES1</name>
        <lei>25490018SHMEBF8BBD83</lei>
        <title>Santander Mortgage Asset Receivable Trust 2026-CES1 4.98</title>
        <cusip>802932AB9</cusip>
        <identifiers>
          <isin value="US802932AB90"/>
          <ticker value="SAN"/>
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        <balance>925000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>930111.3700000000</valUSD>
        <pctVal>0.5280707328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.977000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Santander Mortgage Asset Receivable Trust 2026-NQM2</name>
        <lei>254900X3WQ94L5BYAR60</lei>
        <title>Santander Mortgage Asset Receivable Trust 2026-NQM2 4.70</title>
        <cusip>802933AC5</cusip>
        <identifiers>
          <isin value="US802933AC56"/>
          <ticker value="SAN"/>
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        <balance>448838.8600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449531.1900000000</valUSD>
        <pctVal>0.2552213343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.704000000000001</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>Scalelogix Abs Us Issuer LLC</name>
        <lei>N/A</lei>
        <title>Scalelogix Abs Us Issuer LLC 6.16</title>
        <cusip>80587FAB5</cusip>
        <identifiers>
          <isin value="US80587FAB58"/>
          <ticker value="SCLGX"/>
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        <balance>248000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251625.5600000000</valUSD>
        <pctVal>0.1428604124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.158000000000000</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>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual</title>
        <cusip>808513BK0</cusip>
        <identifiers>
          <isin value="US808513BK01"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BNGHGM9"/>
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        <balance>637000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>635214.4300000000</valUSD>
        <pctVal>0.3606429943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra 4.13 04/01/2052</title>
        <cusip>816851BM0</cusip>
        <identifiers>
          <isin value="US816851BM02"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BMVVWC1"/>
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        <balance>516000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509682.8200000000</valUSD>
        <pctVal>0.2893724224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Variable</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-4</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-4 6.00</title>
        <cusip>81743BAD9</cusip>
        <identifiers>
          <isin value="US81743BAD91"/>
          <ticker value="SEMT"/>
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        <balance>140144.0500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141336.4200000000</valUSD>
        <pctVal>0.0802437528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust 2025-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2025-8 5.50</title>
        <cusip>81743GAE6</cusip>
        <identifiers>
          <isin value="US81743GAE61"/>
          <ticker value="SEMT"/>
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        <balance>289464.8400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292320.5800000000</valUSD>
        <pctVal>0.1659650101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Sequoia Mortgage Trust 2024-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-8 5.50</title>
        <cusip>81749NAE5</cusip>
        <identifiers>
          <isin value="US81749NAE58"/>
          <ticker value="SEMT"/>
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        <balance>84931.1100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85187.7500000000</valUSD>
        <pctVal>0.0483653453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Sequoia Mortgage Trust 2024-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-8 5.50</title>
        <cusip>81749NAL9</cusip>
        <identifiers>
          <isin value="US81749NAL91"/>
          <ticker value="SEMT"/>
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        <balance>34012.6200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33951.3200000000</valUSD>
        <pctVal>0.0192758620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-9 5.50</title>
        <cusip>81749PAE0</cusip>
        <identifiers>
          <isin value="US81749PAE07"/>
          <ticker value="SEMT"/>
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        <balance>58054.9600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58238.6600000000</valUSD>
        <pctVal>0.0330649994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Sequoia Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-10 5.50</title>
        <cusip>81749QAE8</cusip>
        <identifiers>
          <isin value="US81749QAE89"/>
          <ticker value="SEMT"/>
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        <balance>43261.9000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43469.7200000000</valUSD>
        <pctVal>0.0246799336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Sequoia Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2024-10 5.50</title>
        <cusip>81749QAL2</cusip>
        <identifiers>
          <isin value="US81749QAL23"/>
          <ticker value="SEMT"/>
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        <balance>92465.7000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92477.3600000000</valUSD>
        <pctVal>0.0525040214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>Sequoia Mortgage Trust 2025-7</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2025-7 5.50</title>
        <cusip>81749VAE7</cusip>
        <identifiers>
          <isin value="US81749VAE74"/>
          <ticker value="SEMT"/>
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        <balance>266188.0900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267908.8900000000</valUSD>
        <pctVal>0.1521052730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust 2025-8</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2025-8 5.50</title>
        <cusip>81749WAD7</cusip>
        <identifiers>
          <isin value="US81749WAD74"/>
          <ticker value="SEMT"/>
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        <balance>197139.4700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199526.0600000000</valUSD>
        <pctVal>0.1132809211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-25</maturityDt>
          <couponKind>Variable</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>Sequoia Mortgage Trust 2025-6</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2025-6 5.50</title>
        <cusip>81749YAE1</cusip>
        <identifiers>
          <isin value="US81749YAE14"/>
          <ticker value="SEMT"/>
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        <balance>338868.7600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343516.0700000000</valUSD>
        <pctVal>0.1950312496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Variable</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>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust 0.00 09/30/2028</title>
        <cusip>81761LAF9</cusip>
        <identifiers>
          <isin value="US81761LAF94"/>
          <ticker value="SVC"/>
          <other otherDesc="SEDOL" value="BVN6Q14"/>
        </identifiers>
        <balance>931000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850312.6500000000</valUSD>
        <pctVal>0.4827650093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.000000000000000</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>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC 4.00 07/15/2028</title>
        <cusip>82967NBJ6</cusip>
        <identifiers>
          <isin value="US82967NBJ63"/>
          <ticker value="SIRI"/>
          <other otherDesc="SEDOL" value="BMBJVY0"/>
        </identifiers>
        <balance>650000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634971.0900000000</valUSD>
        <pctVal>0.3605048380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000000</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>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 6.75% 10/06/2174 Perpetual</title>
        <cusip>83367TBU2</cusip>
        <identifiers>
          <isin value="US83367TBU25"/>
          <ticker value="SOCGEN"/>
          <other otherDesc="SEDOL" value="BF1B9J8"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203532.4000000000</valUSD>
        <pctVal>0.1155555206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual</title>
        <cusip>83370RAC2</cusip>
        <identifiers>
          <isin value="US83370RAC25"/>
          <ticker value="SOCGEN"/>
          <other otherDesc="SEDOL" value="BP0XZK8"/>
        </identifiers>
        <balance>600000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>639802.2000000000</valUSD>
        <pctVal>0.3632477007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Expand Energy Corp</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Expand Energy Corp 5.38 03/15/2030</title>
        <cusip>845467AS8</cusip>
        <identifiers>
          <isin value="US845467AS85"/>
          <ticker value="EXE"/>
          <other otherDesc="SEDOL" value="BMDVV88"/>
        </identifiers>
        <balance>870000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>883354.4200000000</valUSD>
        <pctVal>0.5015244743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <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>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB (pfd) 7.63% 09/17/2174 Perpetual</title>
        <cusip>W94240HF3</cusip>
        <identifiers>
          <isin value="XS2580715147"/>
          <ticker value="SWEDA"/>
          <other otherDesc="SEDOL" value="BN4DGJ6"/>
        </identifiers>
        <balance>1000000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1049962.3100000000</valUSD>
        <pctVal>0.5961161043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magallanes Inc</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings Inc 4.30 01/17/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2821805533"/>
          <ticker value="WBD"/>
          <other otherDesc="SEDOL" value="BPJJZP2"/>
        </identifiers>
        <balance>396000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8463100000"/>
        <valUSD>452262.7100000000</valUSD>
        <pctVal>0.2567721548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.302000000000000</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>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG (pfd) 7.50% 04/09/2174 Perpetual</title>
        <cusip>D1706CKE3</cusip>
        <identifiers>
          <isin value="XS2914160804"/>
          <ticker value="CMZB"/>
          <other otherDesc="SEDOL" value="BP7MR35"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212311.3900000000</valUSD>
        <pctVal>0.1205397922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV (pfd) 4.88% 05/16/2174 Perpetual</title>
        <cusip>N4578EKR8</cusip>
        <identifiers>
          <isin value="XS2122174415"/>
          <ticker value="INTNED"/>
          <other otherDesc="SEDOL" value="BLGM750"/>
        </identifiers>
        <balance>812000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>792637.0900000000</valUSD>
        <pctVal>0.4500197099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV 3.32 03/13/2037</title>
        <cusip>00084DAV2</cusip>
        <identifiers>
          <isin value="US00084DAV29"/>
          <ticker value="ABNANV"/>
          <other otherDesc="SEDOL" value="BPK3DD7"/>
        </identifiers>
        <balance>600000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550778.3800000000</valUSD>
        <pctVal>0.3127044267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.324000000000000</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>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding 4.45 10/02/2030</title>
        <cusip>00138CBJ6</cusip>
        <identifiers>
          <isin value="US00138CBJ62"/>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL" value="BR53SJ7"/>
        </identifiers>
        <balance>771000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773625.6500000000</valUSD>
        <pctVal>0.4392259648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-02</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>Corebridge Global Funding</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>Corebridge Global Funding 4.55 01/09/2031</title>
        <cusip>00138CBM9</cusip>
        <identifiers>
          <isin value="US00138CBM91"/>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL" value="BVPC4V6"/>
        </identifiers>
        <balance>470000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>471758.4900000000</valUSD>
        <pctVal>0.2678408839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-09</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>ACM Auto Trust 2023-2</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2023-2 9.85</title>
        <cusip>00161AAB8</cusip>
        <identifiers>
          <isin value="US00161AAB89"/>
          <ticker value="ACMAT"/>
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        <balance>156916.6800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158298.4100000000</valUSD>
        <pctVal>0.0898739227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.850000000000000</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>ACM Auto Trust 2025-4</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-4 5.87</title>
        <cusip>00161LAA6</cusip>
        <identifiers>
          <isin value="US00161LAA61"/>
          <ticker value="ACMAT"/>
        </identifiers>
        <balance>281223.7500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>282537.9600000000</valUSD>
        <pctVal>0.1604109275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.870000000000000</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>ACM Auto Trust 2025-2</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-2 5.55</title>
        <cusip>00161TAA9</cusip>
        <identifiers>
          <isin value="US00161TAA97"/>
          <ticker value="ACMAT"/>
        </identifiers>
        <balance>315120.6500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>315631.1100000000</valUSD>
        <pctVal>0.1791995635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000000</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>ACM Auto Trust 2025-2</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-2 7.25</title>
        <cusip>00161TAC5</cusip>
        <identifiers>
          <isin value="US00161TAC53"/>
          <ticker value="ACMAT"/>
        </identifiers>
        <balance>373000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>377183.2000000000</valUSD>
        <pctVal>0.2141457628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000000</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>ACM Auto Trust 2025-3</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-3 6.08</title>
        <cusip>00161UAC2</cusip>
        <identifiers>
          <isin value="US00161UAC27"/>
          <ticker value="ACMAT"/>
        </identifiers>
        <balance>564000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564349.4000000000</valUSD>
        <pctVal>0.3204093733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.080000000000000</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc 7.30 08/15/2026</title>
        <cusip>00206RGJ5</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>45614.4700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK 2019-BNK17</name>
        <lei>N/A</lei>
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        <cusip>065403AJ6</cusip>
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          <isin value="US065403AJ62"/>
          <ticker value="BANK"/>
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        <balance>35000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29751.2900000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Banque Federative du Credit Mutuel SA</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
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          <ticker value="BFCM"/>
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        <curCd>USD</curCd>
        <valUSD>542193.1000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BARC 2026-CES1</name>
        <lei>N/A</lei>
        <title>BARC 2026-CES1 5.15</title>
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          <isin value="US06690CAC91"/>
          <ticker value="BARC"/>
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        <balance>712000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>711998.9200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <cusip>06738EBX2</cusip>
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          <isin value="US06738EBX22"/>
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          <other otherDesc="SEDOL" value="BNYNTB9"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PMT Loan Trust 2025-J3</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust 2025-J3 5.50</title>
        <cusip>69392XAH1</cusip>
        <identifiers>
          <isin value="US69392XAH17"/>
          <ticker value="PMTLT"/>
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        <balance>272746.9800000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275743.2700000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-11-27</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PRKCM 2025-AFC1 Trust</name>
        <lei>N/A</lei>
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        <cusip>69392YAB2</cusip>
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          <isin value="US69392YAB20"/>
          <ticker value="PRKCM"/>
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        <balance>561927.9500000000</balance>
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        <curCd>USD</curCd>
        <valUSD>564727.7000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Ovintiv Inc</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>Ovintiv Inc 7.20 11/01/2031</title>
        <cusip>698900AG2</cusip>
        <identifiers>
          <isin value="US698900AG20"/>
          <ticker value="OVV"/>
          <other otherDesc="SEDOL" value="B3CTX73"/>
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        <curCd>USD</curCd>
        <valUSD>221793.7200000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.200000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pawneee Equipment Receivables Series 2022-1 LLC</name>
        <lei>N/A</lei>
        <title>Pawneee Equipment Receivables Series 2022-1 LLC 7.23</title>
        <cusip>70410DAF5</cusip>
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          <isin value="US70410DAF50"/>
          <ticker value="PWNE"/>
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        <curCd>USD</curCd>
        <valUSD>364105.5700000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.230000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos 5.95 01/28/2031</title>
        <cusip>71654QDE9</cusip>
        <identifiers>
          <isin value="US71654QDE98"/>
          <ticker value="PEMEX"/>
          <other otherDesc="SEDOL" value="BLNBRW7"/>
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        <balance>657000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>644274.6300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
        <title>Piedmont Operating Partnership LP 6.88 07/15/2029</title>
        <cusip>720198AJ9</cusip>
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          <isin value="US720198AJ95"/>
          <ticker value="PDM"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC (pfd) 7.88% 09/08/2174 Perpetual</title>
        <cusip>853254DA5</cusip>
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          <isin value="US853254DA59"/>
          <ticker value="STANLN"/>
          <other otherDesc="SEDOL" value="BMFS3K3"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214767.4000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Standard Industries Inc/NY</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries Inc/NY 4.75 01/15/2028</title>
        <cusip>853496AD9</cusip>
        <identifiers>
          <isin value="US853496AD99"/>
          <ticker value="BMCAUS"/>
          <other otherDesc="SEDOL" value="BDZ79F4"/>
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        <balance>840000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>837943.1800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stellantis Financial Services US Corp</name>
        <lei>5493000KNKFDOC1BOW59</lei>
        <title>Stellantis Financial Services US Corp 4.95 09/15/2028</title>
        <cusip>85855FAA1</cusip>
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          <isin value="US85855FAA12"/>
          <ticker value="STLA"/>
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        <balance>640000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>645449.1100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Store Capital LLC</name>
        <lei>254900Z9PIEFQ6AYXK50</lei>
        <title>Store Capital LLC 4.95 02/11/2031</title>
        <cusip>862123AC0</cusip>
        <identifiers>
          <isin value="US862123AC01"/>
          <ticker value="STOR"/>
          <other otherDesc="SEDOL" value="BMXV6M7"/>
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        <balance>585000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590491.9200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP (pfd) 7.88% 03/18/2174 Perpetual</title>
        <cusip>86765KAE9</cusip>
        <identifiers>
          <isin value="US86765KAE91"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="BTWSHW5"/>
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        <balance>328000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>339297.9600000000</valUSD>
        <pctVal>0.1926364177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP 5.88 03/15/2034</title>
        <cusip>86765KAG4</cusip>
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          <isin value="US86765KAG40"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="BTWSX50"/>
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        <balance>174000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174781.9600000000</valUSD>
        <pctVal>0.0992324582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THPT 2023-THL Mortgage Trust</name>
        <lei>N/A</lei>
        <title>THPT 2023-THL Mortgage Trust 7.67</title>
        <cusip>87252LAE5</cusip>
        <identifiers>
          <isin value="US87252LAE56"/>
          <ticker value="THPT"/>
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        <name>Taylor Morrison Communities Inc</name>
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        <name>TEGNA Inc</name>
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        <name>TopBuild Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toronto-Dominion Bank/The</name>
        <lei>PT3QB789TSUIDF371261</lei>
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          <ticker value="TD"/>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hawaiian Electric Co Inc</name>
        <lei>549300PQE8D806LWQV52</lei>
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          <ticker value="HE"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <name>Hilton Grand Vacations Trust 2024-2</name>
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        <name>HOMES 2025-AFC3 Trust</name>
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        <name>Huntington Bancshares Inc/OH</name>
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        <name>Intesa Sanpaolo SpA</name>
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        <name>JP Morgan Mortgage Trust Series 2025-NQM2</name>
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        <issuerCat>CORP</issuerCat>
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        <name>JP Morgan Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
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          <couponKind>Variable</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>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 6.16</title>
        <cusip>46593VAH0</cusip>
        <identifiers>
          <isin value="US46593VAH06"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>208450.9700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211644.0600000000</valUSD>
        <pctVal>0.1201609156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.157000000000000</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>JP Morgan Mortgage Trust Series 2025-7MPR</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2025-7MPR 5.32</title>
        <cusip>46594CAE8</cusip>
        <identifiers>
          <isin value="US46594CAE84"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>490575.2800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493800.4200000000</valUSD>
        <pctVal>0.2803551898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.324000000000000</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>JP Morgan Mortgage Trust Series 2025-CES5</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2025-CES5 5.14</title>
        <cusip>46594DAA4</cusip>
        <identifiers>
          <isin value="US46594DAA46"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>482466.6900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486082.9700000000</valUSD>
        <pctVal>0.2759736075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.136000000000000</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>JP Morgan Mortgage Trust Series 2025-CES5</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2025-CES5 5.24</title>
        <cusip>46594DAB2</cusip>
        <identifiers>
          <isin value="US46594DAB29"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>498089.4200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500694.5300000000</valUSD>
        <pctVal>0.2842693207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.237000000000000</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>J.P. Morgan Mortgage Trust 2023-6</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2023-6 6.00</title>
        <cusip>465989AC5</cusip>
        <identifiers>
          <isin value="US465989AC55"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>141772.9300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>144048.6700000000</valUSD>
        <pctVal>0.0817836328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>J.P. Morgan Mortgage Trust 2023-8</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2023-8 6.00</title>
        <cusip>46657CAD4</cusip>
        <identifiers>
          <isin value="US46657CAD48"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>246909.7100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250579.0800000000</valUSD>
        <pctVal>0.1422662733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>J.P. Morgan Mortgage Trust 2024-1</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2024-1 6.00</title>
        <cusip>46657PAD5</cusip>
        <identifiers>
          <isin value="US46657PAD50"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>123391.9000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124066.6100000000</valUSD>
        <pctVal>0.0704388182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust 2024-INV1</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2024-INV1 6.00</title>
        <cusip>46658PAD4</cusip>
        <identifiers>
          <isin value="US46658PAD42"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>97512.5100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98366.4200000000</valUSD>
        <pctVal>0.0558475352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust Series 2024-5</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2024-5 6.00</title>
        <cusip>46658RAF5</cusip>
        <identifiers>
          <isin value="US46658RAF55"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>35595.0900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35640.3600000000</valUSD>
        <pctVal>0.0202348145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust 2024-11</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2024-11 6.00</title>
        <cusip>46659AAD6</cusip>
        <identifiers>
          <isin value="US46659AAD63"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>166948.1600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168513.1700000000</valUSD>
        <pctVal>0.0956733527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust Series 2025-CCM2</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2025-CCM2 6.00</title>
        <cusip>46659EAE6</cusip>
        <identifiers>
          <isin value="US46659EAE68"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>321300.6000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>326197.9000000000</valUSD>
        <pctVal>0.1851988586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust Series 2025-NQM3</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2025-NQM3 5.50</title>
        <cusip>46659QAB5</cusip>
        <identifiers>
          <isin value="US46659QAB59"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>525910.2400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530518.9000000000</valUSD>
        <pctVal>0.3012021069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.495000000000000</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>JP Morgan Mortgage Trust 2026-CES1</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2026-CES1 4.91</title>
        <cusip>46660BAA7</cusip>
        <identifiers>
          <isin value="US46660BAA70"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>813856.8400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>817995.5500000000</valUSD>
        <pctVal>0.4644169757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.909000000000000</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>JetBlue Airways Corp / JetBlue Loyalty LP</name>
        <lei>N/A</lei>
        <title>JetBlue Airways Corp / JetBlue Loyalty LP 9.88 09/20/2031</title>
        <cusip>476920AA1</cusip>
        <identifiers>
          <isin value="US476920AA15"/>
          <ticker value="JBLU"/>
          <other otherDesc="SEDOL" value="BRXCZB7"/>
        </identifiers>
        <balance>340000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345831.2800000000</valUSD>
        <pctVal>0.1963457101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875000000000000</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 3.65% 09/01/2174 Perpetual</title>
        <cusip>48128BAN1</cusip>
        <identifiers>
          <isin value="US48128BAN10"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BMGDC22"/>
        </identifiers>
        <balance>550000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>548384.2300000000</valUSD>
        <pctVal>0.3113451480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KeyCorp</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp (pfd) 5.00% 12/15/2174 Perpetual</title>
        <cusip>493267AK4</cusip>
        <identifiers>
          <isin value="US493267AK43"/>
          <ticker value="KEY"/>
          <other otherDesc="SEDOL" value="BD8F8M5"/>
        </identifiers>
        <balance>320000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>319294.4300000000</valUSD>
        <pctVal>0.1812794135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kilroy Realty LP</name>
        <lei>5493008CT3N3JR7P1552</lei>
        <title>Kilroy Realty LP 4.25 08/15/2029</title>
        <cusip>49427RAK8</cusip>
        <identifiers>
          <isin value="US49427RAK86"/>
          <ticker value="KRC"/>
          <other otherDesc="SEDOL" value="BPRW702"/>
        </identifiers>
        <balance>650000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638949.8100000000</valUSD>
        <pctVal>0.3627637563</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>4.250000000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Kilroy Realty LP</name>
        <lei>5493008CT3N3JR7P1552</lei>
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          <ticker value="KRC"/>
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        <valUSD>391517.2400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kobalt Music Assets LP</name>
        <lei>N/A</lei>
        <title>Kobalt Music Assets LP 6.63</title>
        <cusip>499876AA8</cusip>
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          <isin value="US499876AA86"/>
          <ticker value="BEATS"/>
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        <curCd>USD</curCd>
        <valUSD>276412.5700000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lmrk Issuer Co 2 LLC</name>
        <lei>549300TATF7H68SRLE80</lei>
        <title>Lmrk Issuer Co 2 LLC 5.52</title>
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          <isin value="US50209AAH41"/>
          <ticker value="LMRK"/>
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        <balance>288000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.520000000000000</annualizedRt>
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      <invstOrSec>
        <name>LQR Trust 2025-CALI</name>
        <lei>N/A</lei>
        <title>LQR Trust 2025-CALI 5.91</title>
        <cusip>50216WAE4</cusip>
        <identifiers>
          <isin value="US50216WAE49"/>
          <ticker value="LQR"/>
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        <balance>511000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511558.6300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp</name>
        <lei>N/A</lei>
        <title>Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031</title>
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          <isin value="US505742AR75"/>
          <ticker value="LADR"/>
          <other otherDesc="SEDOL" value="BL56C47"/>
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        <curCd>USD</curCd>
        <valUSD>457964.1800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Liberty Mutual Group Inc</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc 4.13 12/15/2051</title>
        <cusip>53079EBM5</cusip>
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          <isin value="US53079EBM57"/>
          <ticker value="LIBMUT"/>
          <other otherDesc="SEDOL" value="BLNL7Z0"/>
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        <balance>546000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542001.2900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.125000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Life 2021-BMR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Life 2021-BMR Mortgage Trust 5.17</title>
        <cusip>53218CAG5</cusip>
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          <isin value="US53218CAG50"/>
          <ticker value="LIFE"/>
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        <balance>112000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111188.0000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.174480000000000</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>Lightpath Fiber Issuer LLC</name>
        <lei>N/A</lei>
        <title>Lightpath Fiber Issuer LLC 5.60</title>
        <cusip>53229YAA7</cusip>
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          <isin value="US53229YAA73"/>
          <ticker value="LPATH"/>
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        <balance>522582.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522567.4200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.597000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>53944YAV5</cusip>
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          <isin value="US53944YAV56"/>
          <ticker value="LLOYDS"/>
          <other otherDesc="SEDOL" value="BNHN7R8"/>
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        <balance>585000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635906.1200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Builders FirstSource Inc</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource Inc 4.25 02/01/2032</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
          <ticker value="BLDR"/>
          <other otherDesc="SEDOL" value="BMD9BZ9"/>
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        <balance>290000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276861.4100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global 2.90 01/15/2027</title>
        <cusip>124857AR4</cusip>
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          <isin value="US124857AR43"/>
          <ticker value="PARA"/>
          <other otherDesc="SEDOL" value="BDFWR33"/>
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        <balance>1135000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1115077.7000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 5.13 05/01/2027</title>
        <cusip>1248EPBT9</cusip>
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          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BYM4WW3"/>
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        <curCd>USD</curCd>
        <valUSD>153209.8100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 5.00 02/01/2028</title>
        <cusip>1248EPBX0</cusip>
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          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BF2KJZ0"/>
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        <balance>450000.0000000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd/United Kingdom</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia &amp; New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2174 Perpetual</title>
        <cusip>05254HAA2</cusip>
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          <isin value="US05254HAA23"/>
          <ticker value="ANZ"/>
          <other otherDesc="SEDOL" value="BYYZMH9"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Avant Loans Funding Trust 2026-REV1</name>
        <lei>N/A</lei>
        <title>Avant Loans Funding Trust 2026-REV1 5.56</title>
        <cusip>05359NAD7</cusip>
        <identifiers>
          <isin value="US05359NAD75"/>
          <ticker value="AVNT"/>
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        <balance>501000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500875.4500000000</valUSD>
        <pctVal>0.2843720381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.560000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Avilease Capital Ltd</name>
        <lei>635400SXOPVAVBWNE366</lei>
        <title>Avilease Capital Ltd 4.75 11/12/2030</title>
        <cusip>05370HAA1</cusip>
        <identifiers>
          <isin value="US05370HAA14"/>
          <ticker value="AVILES"/>
          <other otherDesc="SEDOL" value="BQB3FF9"/>
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        <balance>240000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239359.3900000000</valUSD>
        <pctVal>0.1358962943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>
        <name>BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX</name>
        <lei>549300WIWQK5Q9MCUN92</lei>
        <title>BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX 5.13 01/18/2033</title>
        <cusip>05533UAF5</cusip>
        <identifiers>
          <isin value="US05533UAF57"/>
          <ticker value="BBVASM"/>
          <other otherDesc="SEDOL" value="BFY0TP8"/>
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        <balance>400000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>398732.0000000000</valUSD>
        <pctVal>0.2263800940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Variable</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA (pfd) 8.50% 02/14/2175 Perpetual</title>
        <cusip>05565A5R0</cusip>
        <identifiers>
          <isin value="US05565A5R02"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="BQH61V0"/>
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        <balance>865000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>925298.2900000000</valUSD>
        <pctVal>0.5253381066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blackstone Mortgage Trust Inc</name>
        <lei>N/A</lei>
        <title>BXMT 2021-FL4 Ltd 5.08</title>
        <cusip>05609GAC2</cusip>
        <identifiers>
          <isin value="US05609GAC24"/>
          <ticker value="BXMT"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249392.3500000000</valUSD>
        <pctVal>0.1415925074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.078539999999999</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>BSPRT 2017-FL1 Co-Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2023-FL10 Issuer Ltd 5.92</title>
        <cusip>05610VAA0</cusip>
        <identifiers>
          <isin value="US05610VAA08"/>
          <ticker value="BSPRT"/>
        </identifiers>
        <balance>60746.8400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60794.7100000000</valUSD>
        <pctVal>0.0345161968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.918650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Banco Bilbao Vizcaya Argentaria SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2175 Perpetual</title>
        <cusip>05946KAF8</cusip>
        <identifiers>
          <isin value="US05946KAF84"/>
          <ticker value="BBVASM"/>
          <other otherDesc="SEDOL" value="BD5W7S8"/>
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        <balance>800000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>810183.2000000000</valUSD>
        <pctVal>0.4599815139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Davivienda SA</name>
        <lei>549300P161V4IPKAQS70</lei>
        <title>Banco Davivienda SA (pfd) 6.65% 10/22/2174 Perpetual</title>
        <cusip>059501AD8</cusip>
        <identifiers>
          <isin value="US059501AD88"/>
          <ticker value="DAVIVI"/>
          <other otherDesc="SEDOL" value="BMD52V0"/>
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        <balance>211000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196313.6200000000</valUSD>
        <pctVal>0.1114570583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA (pfd) 4.75% 08/12/2174 Perpetual</title>
        <cusip>05971KAH2</cusip>
        <identifiers>
          <isin value="US05971KAH23"/>
          <ticker value="SANTAN"/>
          <other otherDesc="SEDOL" value="BMG0WY5"/>
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        <balance>800000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>799719.7600000000</valUSD>
        <pctVal>0.4540408958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Mercantil del Norte SA/Grand Cayman</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman (pfd) 5.88% 01/24/2175 Perpetual</title>
        <cusip>05973KAA5</cusip>
        <identifiers>
          <isin value="US05973KAA51"/>
          <ticker value="BANORT"/>
          <other otherDesc="SEDOL" value="BSQMYT2"/>
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        <balance>420000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>419827.6700000000</valUSD>
        <pctVal>0.2383571607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK 2018-BNK15</name>
        <lei>N/A</lei>
        <title>BANK 2018-BNK15 3.00</title>
        <cusip>06036FAJ0</cusip>
        <identifiers>
          <isin value="US06036FAJ03"/>
          <ticker value="BANK"/>
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        <balance>23000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19266.0100000000</valUSD>
        <pctVal>0.0109382772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-11-15</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>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 4.38% 04/27/2174 Perpetual</title>
        <cusip>060505GB4</cusip>
        <identifiers>
          <isin value="US060505GB47"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BPV95D8"/>
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        <balance>735000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>730641.6000000000</valUSD>
        <pctVal>0.4148217703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal 7.70 05/26/2084</title>
        <cusip>06368LQ58</cusip>
        <identifiers>
          <isin value="US06368LQ586"/>
          <ticker value="BMO"/>
          <other otherDesc="SEDOL" value="BRC27N4"/>
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        <balance>600000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>635847.0000000000</valUSD>
        <pctVal>0.3610021359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-05-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.700000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of New York Mellon Corp/The</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp/The 4.03 01/22/2030</title>
        <cusip>06406RCG0</cusip>
        <identifiers>
          <isin value="US06406RCG02"/>
          <ticker value="BK"/>
          <other otherDesc="SEDOL" value="BV970B9"/>
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        <balance>570000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>571035.4100000000</valUSD>
        <pctVal>0.3242053555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.026000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Nova Scotia/The</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/The 8.00 01/27/2084</title>
        <cusip>0641598V1</cusip>
        <identifiers>
          <isin value="US0641598V18"/>
          <ticker value="BNS"/>
          <other otherDesc="SEDOL" value="BRXGPQ4"/>
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        <balance>1035000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1108048.2300000000</valUSD>
        <pctVal>0.6290943855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC 4.52 02/24/2032</title>
        <cusip>06738EDJ1</cusip>
        <identifiers>
          <isin value="US06738EDJ10"/>
          <ticker value="BACR"/>
          <other otherDesc="SEDOL" value="BTJYN73"/>
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        <balance>510000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511467.4800000000</valUSD>
        <pctVal>0.2903856631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.521000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Barclays Mortgage Loan Trust 2026-NQM2</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Loan Trust 2026-NQM2 4.70</title>
        <cusip>06745FAE3</cusip>
        <identifiers>
          <isin value="US06745FAE34"/>
          <ticker value="BARC"/>
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        <balance>802000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>801986.2100000000</valUSD>
        <pctVal>0.4553276728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.696000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Baxter International Inc</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International Inc 4.45 02/15/2029</title>
        <cusip>071813DC0</cusip>
        <identifiers>
          <isin value="US071813DC01"/>
          <ticker value="BAX"/>
          <other otherDesc="SEDOL" value="BVPJX21"/>
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        <balance>655000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>657927.2100000000</valUSD>
        <pctVal>0.3735381752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.450000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank 4.63 09/17/2029</title>
        <cusip>07330MAC1</cusip>
        <identifiers>
          <isin value="US07330MAC10"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BK7CQR7"/>
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        <balance>530000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536070.3400000000</valUSD>
        <pctVal>0.3043539369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.632000000000001</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>Benchmark 2018-B5 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B5 Mortgage Trust 4.57</title>
        <cusip>08160BAJ3</cusip>
        <identifiers>
          <isin value="US08160BAJ35"/>
          <ticker value="BMARK"/>
          <other otherDesc="SEDOL" value="BFZ9VJ2"/>
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        <balance>104014.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99588.7800000000</valUSD>
        <pctVal>0.0565415301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.569700000000000</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>Benchmark 2018-B5 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B5 Mortgage Trust 3.09</title>
        <cusip>08160BAL8</cusip>
        <identifiers>
          <isin value="US08160BAL80"/>
          <ticker value="BMARK"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79759.0200000000</valUSD>
        <pctVal>0.0452831838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.094699000000000</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>Benchmark 2020-B16 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2020-B16 Mortgage Trust 2.50</title>
        <cusip>08161NAW7</cusip>
        <identifiers>
          <isin value="US08161NAW74"/>
          <ticker value="BMARK"/>
        </identifiers>
        <balance>68000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52709.3000000000</valUSD>
        <pctVal>0.0299257052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>Benchmark 2019-B13 Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2019-B13 Mortgage Trust 2.50</title>
        <cusip>08162DAR9</cusip>
        <identifiers>
          <isin value="US08162DAR98"/>
          <ticker value="BMARK"/>
        </identifiers>
        <balance>23000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14261.7600000000</valUSD>
        <pctVal>0.0080971143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000000</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>Black Hills Corp</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corp 4.55 01/31/2031</title>
        <cusip>092113AY5</cusip>
        <identifiers>
          <isin value="US092113AY50"/>
          <ticker value="BKH"/>
          <other otherDesc="SEDOL" value="BVMSYJ5"/>
        </identifiers>
        <balance>595000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601115.2900000000</valUSD>
        <pctVal>0.3412832075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-31</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>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund 5.95 07/16/2029</title>
        <cusip>09261HBN6</cusip>
        <identifiers>
          <isin value="US09261HBN61"/>
          <ticker value="BCRED"/>
          <other otherDesc="SEDOL" value="BM9XKF8"/>
        </identifiers>
        <balance>578000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>582557.0900000000</valUSD>
        <pctVal>0.3307467894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000000</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>Blue Racer Midstream LLC / Blue Racer Finance Corp</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC / Blue Racer Finance Corp 7.00 07/15/2029</title>
        <cusip>095796AJ7</cusip>
        <identifiers>
          <isin value="US095796AJ72"/>
          <ticker value="BLURAC"/>
          <other otherDesc="SEDOL" value="BPJKDC8"/>
        </identifiers>
        <balance>640000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>668468.4800000000</valUSD>
        <pctVal>0.3795229813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</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>Boeing Co/The</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The 6.30 05/01/2029</title>
        <cusip>097023DQ5</cusip>
        <identifiers>
          <isin value="US097023DQ55"/>
          <ticker value="BA"/>
          <other otherDesc="SEDOL" value="BPLNHF6"/>
        </identifiers>
        <balance>639000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>681080.6000000000</valUSD>
        <pctVal>0.3866835124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.298000000000000</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>Brandywine Operating Partnership LP</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>Brandywine Operating Partnership LP 8.88 04/12/2029</title>
        <cusip>105340AS2</cusip>
        <identifiers>
          <isin value="US105340AS20"/>
          <ticker value="BDN"/>
          <other otherDesc="SEDOL" value="BQBC9X2"/>
        </identifiers>
        <balance>640000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>680417.9200000000</valUSD>
        <pctVal>0.3863072759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.875000000000000</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>BRAVO Trust 2025-SR1</name>
        <lei>N/A</lei>
        <title>BRAVO Trust 2025-SR1 3.00</title>
        <cusip>10567UAA5</cusip>
        <identifiers>
          <isin value="US10567UAA51"/>
          <ticker value="BRAVO"/>
        </identifiers>
        <balance>365845.2700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354617.1100000000</valUSD>
        <pctVal>0.2013338651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.000000000000000</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>Bravo Residential Funding Trust 2025-NQM9</name>
        <lei>254900XY2WSFF1Q6S467</lei>
        <title>Bravo Residential Funding Trust 2025-NQM9 5.55</title>
        <cusip>10569WAE1</cusip>
        <identifiers>
          <isin value="US10569WAE12"/>
          <ticker value="BRAVO"/>
        </identifiers>
        <balance>399451.3200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>402172.4600000000</valUSD>
        <pctVal>0.2283334152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.551000000000000</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>BRAVO Residential Funding Trust 2025-NQM4</name>
        <lei>25490082TY9NA9XBGW19</lei>
        <title>BRAVO Residential Funding Trust 2025-NQM4 5.82</title>
        <cusip>10570QAG6</cusip>
        <identifiers>
          <isin value="US10570QAG64"/>
          <ticker value="BRAVO"/>
        </identifiers>
        <balance>470442.3200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475553.7700000000</valUSD>
        <pctVal>0.2699956542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.816000000000000</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>BRAVO Residential Funding Trust 2025-NQM7</name>
        <lei>254900I1LYOO3G3UAT10</lei>
        <title>BRAVO Residential Funding Trust 2025-NQM7 5.46</title>
        <cusip>10570TAB1</cusip>
        <identifiers>
          <isin value="US10570TAB17"/>
          <ticker value="BRAVO"/>
        </identifiers>
        <balance>265945.9500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268475.8900000000</valUSD>
        <pctVal>0.1524271873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.459000000000001</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>RIVERSPRING HLTH SENIOR</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp 7.00% 12/15/2030</title>
        <cusip>12008EXX9</cusip>
        <identifiers>
          <isin value="US12008EXX92"/>
          <ticker value="BUIGEN"/>
        </identifiers>
        <balance>1285000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1294036.8900000000</valUSD>
        <pctVal>0.7346894477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 4.75 03/01/2030</title>
        <cusip>1248EPCD3</cusip>
        <identifiers>
          <isin value="US1248EPCD32"/>
          <ticker value="CHTR"/>
          <other otherDesc="SEDOL" value="BK6WV51"/>
        </identifiers>
        <balance>460000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>445023.8700000000</valUSD>
        <pctVal>0.2526623034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</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>CARS-DB5 LP</name>
        <lei>N/A</lei>
        <title>CARS-DB5 LP 1.92</title>
        <cusip>12510HAM2</cusip>
        <identifiers>
          <isin value="US12510HAM25"/>
          <ticker value="CAUTO"/>
        </identifiers>
        <balance>246093.7800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242713.1700000000</valUSD>
        <pctVal>0.1378004029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.920000000000000</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>CSMC 2021-BHAR</name>
        <lei>N/A</lei>
        <title>CSMC 2021-BHAR 4.92</title>
        <cusip>12659VAA8</cusip>
        <identifiers>
          <isin value="US12659VAA89"/>
          <ticker value="CSMC"/>
        </identifiers>
        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148766.4500000000</valUSD>
        <pctVal>0.0844621524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.924480000000000</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>CSMC 2021-BHAR</name>
        <lei>N/A</lei>
        <title>CSMC 2021-BHAR 5.27</title>
        <cusip>12659VAG5</cusip>
        <identifiers>
          <isin value="US12659VAG59"/>
          <ticker value="CSMC"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198480.8600000000</valUSD>
        <pctVal>0.1126875088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Magallanes Inc</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MARB BondCo PLC</name>
        <lei>254900PVA1EU6QM1JN57</lei>
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          <isin value="US566007AC41"/>
          <ticker value="MRFGBZ"/>
          <other otherDesc="SEDOL" value="BMXZWN2"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Medline Borrower LP/Medline Co-Issuer Inc</name>
        <lei>254900QT3R363TVK6F09</lei>
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          <isin value="US58506DAA63"/>
          <ticker value="MEDIND"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Micron Technology Inc</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology Inc 5.30 01/15/2031</title>
        <cusip>595112CD3</cusip>
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          <isin value="US595112CD31"/>
          <ticker value="MU"/>
          <other otherDesc="SEDOL" value="BRF20S7"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mission Lane Credit Card Master Trust</name>
        <lei>N/A</lei>
        <title>Mission Lane Credit Card Master Trust 5.41</title>
        <cusip>60510MBW7</cusip>
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          <isin value="US60510MBW73"/>
          <ticker value="MLANE"/>
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        <balance>246000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246805.0600000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.410000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2018-L1</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2018-L1 3.00</title>
        <cusip>61691QAN8</cusip>
        <identifiers>
          <isin value="US61691QAN88"/>
          <ticker value="MSC"/>
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        <balance>39000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000000</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>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley 4.13 10/18/2029</title>
        <cusip>61748UAK8</cusip>
        <identifiers>
          <isin value="US61748UAK88"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BT04GT5"/>
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        <balance>915000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>916531.1400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.133000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2018-H3</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2018-H3 3.00</title>
        <cusip>61767YAC4</cusip>
        <identifiers>
          <isin value="US61767YAC49"/>
          <ticker value="MSC"/>
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        <balance>22000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18181.9400000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
        <lei>549300GS0W0TEUQS8571</lei>
        <title>Morgan Stanley Private Bank NA 4.21 02/08/2030</title>
        <cusip>61776NU43</cusip>
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          <isin value="US61776NU432"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BVYDJR1"/>
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        <balance>465000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467275.4400000000</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>2030-02-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.213000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
        <lei>549300GS0W0TEUQS8571</lei>
        <title>Morgan Stanley Private Bank NA 4.73 07/18/2031</title>
        <cusip>61776NVG5</cusip>
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          <isin value="US61776NVG59"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BQT2KK8"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.734000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
        <lei>549300GS0W0TEUQS8571</lei>
        <title>Morgan Stanley Private Bank NA 4.47 11/19/2031</title>
        <cusip>61776NZW6</cusip>
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          <isin value="US61776NZW63"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BSNYN38"/>
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        <balance>133000.0000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.465000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2024-3</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust 2024-3 6.00</title>
        <cusip>61776QAC0</cusip>
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          <isin value="US61776QAC06"/>
          <ticker value="MSRM"/>
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        <balance>43643.0600000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43733.8600000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1 6.14</title>
        <cusip>617932AE8</cusip>
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          <isin value="US617932AE81"/>
          <ticker value="MSRM"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.144000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust 2023-2</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust 2023-2 5.36</title>
        <cusip>61945WAA7</cusip>
        <identifiers>
          <isin value="US61945WAA71"/>
          <ticker value="MSAIC"/>
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        <balance>138868.5300000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.360000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust 2021-3</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust 2021-3 1.92</title>
        <cusip>61946TAB1</cusip>
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          <isin value="US61946TAB17"/>
          <ticker value="MSAIC"/>
          <other otherDesc="SEDOL" value="BMV1YY7"/>
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        <curCd>USD</curCd>
        <valUSD>298698.9700000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.920000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Economy Assets - Phase 1 Sponsor LLC</name>
        <lei>N/A</lei>
        <title>New Economy Assets - Phase 1 Sponsor LLC 2.41</title>
        <cusip>643821AB7</cusip>
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          <isin value="US643821AB76"/>
          <ticker value="USRE"/>
          <other otherDesc="SEDOL" value="BMHSP38"/>
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        <balance>200000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131827.6600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.410000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexstar Media Inc</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media Inc 4.75 11/01/2028</title>
        <cusip>65336YAN3</cusip>
        <identifiers>
          <isin value="US65336YAN31"/>
          <ticker value="NXST"/>
          <other otherDesc="SEDOL" value="BMFNGQ5"/>
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        <balance>800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>796556.7200000000</valUSD>
        <pctVal>0.4522450799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Co LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>Nissan Motor Acceptance Co LLC 6.95 09/15/2026</title>
        <cusip>65480CAE5</cusip>
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          <isin value="US65480CAE57"/>
          <ticker value="NSANY"/>
          <other otherDesc="SEDOL" value="BNQQSR5"/>
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        <balance>425000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429556.0300000000</valUSD>
        <pctVal>0.2438804372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Haven Private Income Fund LLC</name>
        <lei>2549002BFPESF1EH2765</lei>
        <title>North Haven Private Income Fund LLC 5.13 09/25/2028</title>
        <cusip>65960NAC4</cusip>
        <identifiers>
          <isin value="US65960NAC48"/>
          <ticker value="NHPIFS"/>
          <other otherDesc="SEDOL" value="BSBK0J3"/>
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        <balance>467000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>463222.9100000000</valUSD>
        <pctVal>0.2629948084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-25</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>
        <name>Northern Trust Corp</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp (pfd) 4.60% 04/01/2174 Perpetual</title>
        <cusip>665859AQ7</cusip>
        <identifiers>
          <isin value="US665859AQ77"/>
          <ticker value="NTRS"/>
          <other otherDesc="SEDOL" value="BD1FBZ6"/>
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        <balance>295000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295791.1900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northern Trust Corp</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp 3.38 05/08/2032</title>
        <cusip>665859AS3</cusip>
        <identifiers>
          <isin value="US665859AS34"/>
          <ticker value="NTRS"/>
          <other otherDesc="SEDOL" value="BF191T6"/>
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        <balance>1373000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1359445.6300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-08</maturityDt>
          <couponKind>Variable</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>OnDeck Asset Securitization Trust IV LLC</name>
        <lei>N/A</lei>
        <title>OnDeck Asset Securitization Trust IV LLC 5.42</title>
        <cusip>67108SAE8</cusip>
        <identifiers>
          <isin value="US67108SAE81"/>
          <ticker value="ONDK"/>
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        <balance>143000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143805.8900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.420000000000000</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>OBX 2024-NQM11 Trust</name>
        <lei>254900F5LT8CA1U6PK21</lei>
        <title>OBX 2024-NQM11 Trust 6.23</title>
        <cusip>67119EAC0</cusip>
        <identifiers>
          <isin value="US67119EAC03"/>
          <ticker value="OBX"/>
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        <balance>155013.0300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156806.2500000000</valUSD>
        <pctVal>0.0890267488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.230000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>OBX 2024-J1 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2024-J1 Trust 5.50</title>
        <cusip>67119QAE9</cusip>
        <identifiers>
          <isin value="US67119QAE98"/>
          <ticker value="OBX"/>
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        <balance>41999.8600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42124.2100000000</valUSD>
        <pctVal>0.0239160203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>
        <name>OBX 2025-NQM13 Trust</name>
        <lei>254900FPAGVH6E25VL74</lei>
        <title>OBX 2025-NQM13 Trust 5.44</title>
        <cusip>67121UAM8</cusip>
        <identifiers>
          <isin value="US67121UAM80"/>
          <ticker value="OBX"/>
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        <balance>484073.2800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488972.3400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.441000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>OBX 2025-J1 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2025-J1 Trust 6.00</title>
        <cusip>673923AD0</cusip>
        <identifiers>
          <isin value="US673923AD03"/>
          <ticker value="OBX"/>
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        <balance>257187.7500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262668.6300000000</valUSD>
        <pctVal>0.1491301154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>OBX 2025-NQM11 Trust</name>
        <lei>254900KNWDG7C03UTA13</lei>
        <title>OBX 2025-NQM11 Trust 5.42</title>
        <cusip>67449BAN3</cusip>
        <identifiers>
          <isin value="US67449BAN38"/>
          <ticker value="OBX"/>
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        <balance>442614.7400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446734.0700000000</valUSD>
        <pctVal>0.2536332694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.418000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>OBX 2025-J3 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2025-J3 Trust 5.00</title>
        <cusip>67449KAE3</cusip>
        <identifiers>
          <isin value="US67449KAE38"/>
          <ticker value="OBX"/>
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        <balance>258392.5200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259045.4000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000000</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>Omnicom Group Inc</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group Inc 4.20 03/02/2029</title>
        <cusip>681919BV7</cusip>
        <identifiers>
          <isin value="US681919BV74"/>
          <ticker value="OMC"/>
          <other otherDesc="SEDOL" value="BVPN4X1"/>
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        <balance>546000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>547292.0100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONNI Commerical Mortgage Trust 2024-APT</name>
        <lei>N/A</lei>
        <title>ONNI Commerical Mortgage Trust 2024-APT 5.75</title>
        <cusip>682939AA1</cusip>
        <identifiers>
          <isin value="US682939AA17"/>
          <ticker value="ONNI"/>
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        <curCd>USD</curCd>
        <valUSD>204692.8800000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.753011000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>9038279.0400000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9038279.0400000000</valUSD>
        <pctVal>5.1314829487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB (pfd) 4.38% 03/01/2175 Perpetual</title>
        <cusip>W9T10ZZR9</cusip>
        <identifiers>
          <isin value="XS2233263404"/>
          <ticker value="SHBASS"/>
          <other otherDesc="SEDOL" value="BLF80Q1"/>
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        <balance>400000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397001.9400000000</valUSD>
        <pctVal>0.2253978525</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp 4.95 02/04/2031</title>
        <cusip>68389XDX0</cusip>
        <identifiers>
          <isin value="US68389XDX03"/>
          <ticker value="ORCL"/>
          <other otherDesc="SEDOL" value="BTPNFZ6"/>
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        <balance>285000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284499.1900000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.950000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oportun Issuance Trust 2026-A</name>
        <lei>N/A</lei>
        <title>Oportun Issuance Trust 2026-A 6.28</title>
        <cusip>68390VAD8</cusip>
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          <isin value="US68390VAD82"/>
          <ticker value="OPTN"/>
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        <curCd>USD</curCd>
        <valUSD>634733.7100000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.280000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
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        <cusip>K2227DL59</cusip>
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          <isin value="XS2343014119"/>
          <ticker value="DANBNK"/>
          <other otherDesc="SEDOL" value="BMBVPS8"/>
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        <curCd>USD</curCd>
        <valUSD>809328.1100000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
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        <cusip>N4578ELM8</cusip>
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          <isin value="XS2585240984"/>
          <ticker value="INTNED"/>
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        <balance>450000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468959.2100000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Blue Owl Credit Income Corp</name>
        <lei>5493003I42XBWPE05N35</lei>
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        <cusip>69120VAP6</cusip>
        <identifiers>
          <isin value="US69120VAP67"/>
          <ticker value="OCINCC"/>
          <other otherDesc="SEDOL" value="BR852H6"/>
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        <balance>255000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260087.2600000000</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>2027-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Blue Owl Credit Income Corp</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>Blue Owl Credit Income Corp 7.75 01/15/2029</title>
        <cusip>69120VAW1</cusip>
        <identifiers>
          <isin value="US69120VAW19"/>
          <ticker value="OCINCC"/>
          <other otherDesc="SEDOL" value="BS88595"/>
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        <balance>615000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>638096.7900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank 4.14 10/23/2029</title>
        <cusip>89788JAH2</cusip>
        <identifiers>
          <isin value="US89788JAH23"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BMW77V2"/>
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        <balance>869000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>870214.2300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.136000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank 4.14 01/27/2029</title>
        <cusip>89788JAJ8</cusip>
        <identifiers>
          <isin value="US89788JAJ88"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BRBNR61"/>
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        <balance>405000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406092.3900000000</valUSD>
        <pctVal>0.2305589555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.144000000000000</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>CBOT US Long Bond Future</name>
        <lei>N/A</lei>
        <title>US LONG BOND(CBT) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USM6"/>
        </identifiers>
        <balance>-2.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2878.9000000000</valUSD>
        <pctVal>-0.0016344955</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US LONG BOND(CBT)</issuerName>
                <issueTitle>US LONG BOND(CBT) Jun26</issueTitle>
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                  <ticker value="USM6"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>-234058.6000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2878.9000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CBOT 10 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE (CBT)Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYM6"/>
        </identifiers>
        <balance>-20.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17070.2500000000</valUSD>
        <pctVal>-0.0096916345</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR NOTE (CBT)</issuerName>
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                  <ticker value="TYM6"/>
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            <expDate>2026-06-18</expDate>
            <notionalAmt>-2259179.7500000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-17070.2500000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trust Fibra Uno</name>
        <lei>N/A</lei>
        <title>Trust Fibra Uno 4.87 01/15/2030</title>
        <cusip>898339AA4</cusip>
        <identifiers>
          <isin value="US898339AA49"/>
          <ticker value="FUNOTR"/>
          <other otherDesc="SEDOL" value="BKDZ915"/>
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        <balance>340000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334942.6700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.869000000000001</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>Trust 2401</name>
        <lei>N/A</lei>
        <title>Trust 2401 4.87 01/15/2030</title>
        <cusip>89834MAA4</cusip>
        <identifiers>
          <isin value="US89834MAA45"/>
          <ticker value="NEXTPR"/>
          <other otherDesc="SEDOL" value="BVV5ST5"/>
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        <balance>400000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395870.0000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.869000000000001</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CBOT 5 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 5YR NOTE (CBT) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FVM6"/>
        </identifiers>
        <balance>-39.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-26435.4300000000</valUSD>
        <pctVal>-0.0150087155</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Bank of America</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 5YR NOTE (CBT)</issuerName>
                <issueTitle>US 5YR NOTE (CBT) Jun26</issueTitle>
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                  <ticker value="FVM6"/>
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            </descRefInstrmnt>
            <expDate>2026-06-30</expDate>
            <notionalAmt>-4269048.9500000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-26435.4300000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CBOT 2 Year US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 2YR NOTE (CBT) Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TUM6"/>
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        <balance>34.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>11675.9200000000</valUSD>
        <pctVal>0.0066290036</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 2YR NOTE (CBT)</issuerName>
                <issueTitle>US 2YR NOTE (CBT) Jun26</issueTitle>
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                  <ticker value="TUM6"/>
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            <expDate>2026-06-30</expDate>
            <notionalAmt>7103620.9700000000</notionalAmt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CBOT 10 Year Ultra US Treasury Note</name>
        <lei>N/A</lei>
        <title>US 10yr Ultra Fut Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UXYM6"/>
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        <balance>-8.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-9453.1000000000</valUSD>
        <pctVal>-0.0053669975</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10yr Ultra Fut</issuerName>
                <issueTitle>US 10yr Ultra Fut Jun26</issueTitle>
                <identifiers>
                  <ticker value="UXYM6"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-18</expDate>
            <notionalAmt>-924421.9000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-9453.1000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Skandinaviska Enskilda Banken AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2174 Perpetual</title>
        <cusip>W8T54FK56</cusip>
        <identifiers>
          <isin value="XS2479344561"/>
          <ticker value="SEB"/>
          <other otherDesc="SEDOL" value="BN2SXV4"/>
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        <balance>600000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>613673.4400000000</valUSD>
        <pctVal>0.3484130972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trust 2401</name>
        <lei>N/A</lei>
        <title>Trust 2401 7.70 01/23/2032</title>
        <cusip>89834MAB2</cusip>
        <identifiers>
          <isin value="US89834MAB28"/>
          <ticker value="NEXTPR"/>
          <other otherDesc="SEDOL" value="BQ7XX15"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220937.0000000000</valUSD>
        <pctVal>0.1254369823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.700000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2018-C14</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust 2018-C15</name>
        <lei>N/A</lei>
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        <name>UWM Holdings LLC</name>
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          <isin value="US903522AB68"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Inc</name>
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        <title>United Airlines Inc 4.63 04/15/2029</title>
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          <isin value="US90932LAH06"/>
          <ticker value="UAL"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Auto Credit Securitization Trust 2026-1</name>
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        <title>United Auto Credit Securitization Trust 2026-1 5.65</title>
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          <isin value="US90945FAD78"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings Inc</name>
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          <isin value="US910047AL34"/>
          <ticker value="UAL"/>
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        <fairValLevel>2</fairValLevel>
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        <name>U.S. TREASURY</name>
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        <title>United States Treasury Note/Bond 4.63 06/15/2027</title>
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        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 3.50 09/30/2027</title>
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        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 3.50 10/31/2027</title>
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        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 3.38 11/30/2027</title>
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        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
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        <name>Uniti Fiber Abs Issuer Llc</name>
        <lei>N/A</lei>
        <title>Uniti Fiber Abs Issuer Llc 6.37</title>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-PJ7</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust 2024-PJ7 5.50</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Global Atlantic Fin Co</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic Fin Co 4.40 10/15/2029</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 3.80% 11/10/2174 Perpetual</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The 4.52 01/21/2032</title>
        <cusip>38145GAR1</cusip>
        <identifiers>
          <isin value="US38145GAR11"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BVMLNC0"/>
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        <balance>485000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488100.8900000000</valUSD>
        <pctVal>0.2771192816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.516000000000000</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>Goldman Sachs BDC Inc</name>
        <lei>6D01AGSGBNZIJSN77043</lei>
        <title>Goldman Sachs BDC Inc 5.10 01/28/2029</title>
        <cusip>38147UAG2</cusip>
        <identifiers>
          <isin value="US38147UAG22"/>
          <ticker value="GSBD"/>
          <other otherDesc="SEDOL" value="BWXJG43"/>
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        <balance>158000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155935.6400000000</valUSD>
        <pctVal>0.0885324600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.100000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Private Credit Corp</name>
        <lei>549300TD27G6372IYJ65</lei>
        <title>Goldman Sachs Private Credit Corp 5.05 02/23/2028</title>
        <cusip>38152BAJ0</cusip>
        <identifiers>
          <isin value="US38152BAJ08"/>
          <ticker value="GSCRED"/>
          <other otherDesc="SEDOL" value="BTY5081"/>
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        <balance>255000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253482.3300000000</valUSD>
        <pctVal>0.1439145935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-23</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>Golub Capital BDC Inc</name>
        <lei>2549005WE0QLGK9APF78</lei>
        <title>Golub Capital BDC Inc 7.05 12/05/2028</title>
        <cusip>38173MAD4</cusip>
        <identifiers>
          <isin value="US38173MAD48"/>
          <ticker value="GBDC"/>
          <other otherDesc="SEDOL" value="BQRGLC1"/>
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        <balance>336000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349802.1600000000</valUSD>
        <pctVal>0.1986001773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.050000000000000</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>Golub Capital Private Credit Fund</name>
        <lei>254900B5KBW6OY1F9951</lei>
        <title>Golub Capital Private Credit Fund 5.45 08/15/2028</title>
        <cusip>38179RAE5</cusip>
        <identifiers>
          <isin value="US38179RAE53"/>
          <ticker value="GCRED"/>
          <other otherDesc="SEDOL" value="BQXMDX8"/>
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        <balance>380000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380010.7700000000</valUSD>
        <pctVal>0.2157511157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000000</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>Golub Capital Partners CLO Ltd</name>
        <lei>254900KYMBF5APUCPC56</lei>
        <title>Golub Capital Partners CLO 79B Ltd 5.17</title>
        <cusip>38181JAC3</cusip>
        <identifiers>
          <isin value="US38181JAC36"/>
          <ticker value="GCBSL"/>
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        <balance>700000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700987.0000000000</valUSD>
        <pctVal>0.3979853711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.167630000000000</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>GoodLeap Sustainable Home Solutions Trust 2021-4</name>
        <lei>N/A</lei>
        <title>GoodLeap Sustainable Home Solutions Trust 2021-4 1.93</title>
        <cusip>38237GAA7</cusip>
        <identifiers>
          <isin value="US38237GAA76"/>
          <ticker value="GOOD"/>
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        <balance>170395.0300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141318.2300000000</valUSD>
        <pctVal>0.0802334255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.930000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Greenko Wind Projects Mauritius Ltd</name>
        <lei>254900MSUXE1FF83DP82</lei>
        <title>Greenko Wind Projects Mauritius Ltd 7.25 09/27/2028</title>
        <cusip>39531JAB0</cusip>
        <identifiers>
          <isin value="US39531JAB08"/>
          <ticker value="GRNKEN"/>
          <other otherDesc="SEDOL" value="BTZNQ64"/>
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        <balance>420000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428943.1600000000</valUSD>
        <pctVal>0.2435324802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000000</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC (pfd) 6.50% 09/23/2174 Perpetual</title>
        <cusip>404280BP3</cusip>
        <identifiers>
          <isin value="US404280BP39"/>
          <ticker value="HSBC"/>
          <other otherDesc="SEDOL" value="BFMXK12"/>
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        <balance>647000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>661418.5600000000</valUSD>
        <pctVal>0.3755203892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <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 (pfd) 6.88% 03/11/2174 Perpetual</title>
        <cusip>404280EH8</cusip>
        <identifiers>
          <isin value="US404280EH85"/>
          <ticker value="HSBC"/>
          <other otherDesc="SEDOL" value="BQXRZP9"/>
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        <balance>320000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>333242.2400000000</valUSD>
        <pctVal>0.1891982826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 5.45 01/14/2028</title>
        <cusip>40440VAH8</cusip>
        <identifiers>
          <isin value="US40440VAH87"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BN2RDN3"/>
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        <balance>450000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452062.7500000000</valUSD>
        <pctVal>0.2566586275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000000</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>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 4.90 09/11/2028</title>
        <cusip>40440VAQ8</cusip>
        <identifiers>
          <isin value="US40440VAQ86"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BTWSHV4"/>
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        <balance>225000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222066.0400000000</valUSD>
        <pctVal>0.1260779948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HPS Corporate Lending Fund</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund 5.15 04/02/2029</title>
        <cusip>40440VAU9</cusip>
        <identifiers>
          <isin value="US40440VAU98"/>
          <ticker value="HLEND"/>
          <other otherDesc="SEDOL" value="BVPC3V9"/>
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        <balance>175000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173676.5600000000</valUSD>
        <pctVal>0.0986048674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.150000000000000</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>Louisiana-Pacific Corp</name>
        <lei>549300C7E2UAO5BVRR75</lei>
        <title>Louisiana-Pacific Corp 3.63 03/15/2029</title>
        <cusip>546347AM7</cusip>
        <identifiers>
          <isin value="US546347AM73"/>
          <ticker value="LPX"/>
          <other otherDesc="SEDOL" value="BK816P1"/>
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        <balance>656000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638615.6800000000</valUSD>
        <pctVal>0.3625740540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000000</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>M&amp;T Bank RV Trust 2026-1</name>
        <lei>N/A</lei>
        <title>M&amp;T Bank RV Trust 2026-1 4.35</title>
        <cusip>551923AA3</cusip>
        <identifiers>
          <isin value="US551923AA38"/>
          <ticker value="MTBRV"/>
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        <balance>945000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>955151.9500000000</valUSD>
        <pctVal>0.5422875221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.350000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Lyra Music Assets Delaware LP</name>
        <lei>9845007N9EAB0C048A12</lei>
        <title>Lyra Music Assets Delaware LP 5.76</title>
        <cusip>552339AA1</cusip>
        <identifiers>
          <isin value="US552339AA18"/>
          <ticker value="LYRA"/>
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        <balance>242307.0200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245990.5200000000</valUSD>
        <pctVal>0.1396611184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-12-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.760000000000000</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>Lyra Music Assets Delaware LP</name>
        <lei>9845007N9EAB0C048A12</lei>
        <title>Lyra Music Assets Delaware LP 5.60</title>
        <cusip>552339AD5</cusip>
        <identifiers>
          <isin value="US552339AD56"/>
          <ticker value="LYRA"/>
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        <balance>143555.3200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145720.7500000000</valUSD>
        <pctVal>0.0827329562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sprint Capital Corp</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp 6.88 11/15/2028</title>
        <cusip>852060AD4</cusip>
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          <isin value="US852060AD48"/>
          <ticker value="S"/>
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        <curCd>USD</curCd>
        <valUSD>1051482.1900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Stack Infrastructure Issuer LLC</name>
        <lei>254900AV7V87H3A2WM57</lei>
        <title>Stack Infrastructure Issuer LLC 5.00</title>
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          <isin value="US85236KAR32"/>
          <ticker value="SIDC"/>
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        <balance>564478.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>553320.1900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC (pfd) 7.75% 02/15/2175 Perpetual</title>
        <cusip>853254CM0</cusip>
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          <isin value="US853254CM07"/>
          <ticker value="STANLN"/>
          <other otherDesc="SEDOL" value="BQB53W8"/>
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        <balance>200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208186.0000000000</valUSD>
        <pctVal>0.1181976020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vista Point Securitization Trust 2024-CES1</name>
        <lei>N/A</lei>
        <title>Vista Point Securitization Trust 2024-CES1 6.68</title>
        <cusip>92839HAA4</cusip>
        <identifiers>
          <isin value="US92839HAA41"/>
          <ticker value="VSTA"/>
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        <balance>197125.9000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200409.8200000000</valUSD>
        <pctVal>0.1137826758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.676000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vistra Corp</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp (pfd) 8.00% 04/15/2174 Perpetual</title>
        <cusip>92840MAB8</cusip>
        <identifiers>
          <isin value="US92840MAB81"/>
          <ticker value="VST"/>
          <other otherDesc="SEDOL" value="BL5BH14"/>
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        <balance>590000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>601411.1900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>VoltaGrid LLC</name>
        <lei>254900R5BEUGIKK1FM03</lei>
        <title>VoltaGrid LLC 7.38 11/01/2030</title>
        <cusip>92874BAA3</cusip>
        <identifiers>
          <isin value="US92874BAA35"/>
          <ticker value="VOLTAG"/>
          <other otherDesc="SEDOL" value="BVK6BT0"/>
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        <balance>311000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>324889.6300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vornado Realty LP</name>
        <lei>549300BMOJ05INE4YK86</lei>
        <title>Vornado Realty LP 2.15 06/01/2026</title>
        <cusip>929043AK3</cusip>
        <identifiers>
          <isin value="US929043AK39"/>
          <ticker value="VNO"/>
          <other otherDesc="SEDOL" value="BNDQK61"/>
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        <balance>363000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360202.8000000000</valUSD>
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        <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>2.150000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WB Commercial Mortgage Trust 2024-HQ</name>
        <lei>N/A</lei>
        <title>WB Commercial Mortgage Trust 2024-HQ 6.13</title>
        <cusip>92943PAA9</cusip>
        <identifiers>
          <isin value="US92943PAA93"/>
          <ticker value="WB"/>
          <other otherDesc="SEDOL" value="BSLJM27"/>
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        <balance>209000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209194.2900000000</valUSD>
        <pctVal>0.1187700587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.134383000000000</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>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co 4.18 01/23/2030</title>
        <cusip>95000U4D2</cusip>
        <identifiers>
          <isin value="US95000U4D22"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BVMLP57"/>
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        <balance>525000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526931.5000000000</valUSD>
        <pctVal>0.2991653605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.182000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2017-C41</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C41 2.60</title>
        <cusip>95001AAD8</cusip>
        <identifiers>
          <isin value="US95001AAD81"/>
          <ticker value="WFCM"/>
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        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17397.4700000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WESCO Distribution Inc</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution Inc 5.25 04/15/2031</title>
        <cusip>95081QAT1</cusip>
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          <isin value="US95081QAT13"/>
          <ticker value="WCC"/>
          <other otherDesc="SEDOL" value="BT02W68"/>
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        <balance>53000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53038.6900000000</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>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>Western Alliance Bancorp</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>Western Alliance Bancorp 3.00 06/15/2031</title>
        <cusip>957638AD1</cusip>
        <identifiers>
          <isin value="US957638AD14"/>
          <ticker value="WAL"/>
          <other otherDesc="SEDOL" value="BMCQGB2"/>
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        <balance>515000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509788.2000000000</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>2031-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.000000000000000</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>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>Western Midstream Operating LP 4.80 03/01/2031</title>
        <cusip>958667AH0</cusip>
        <identifiers>
          <isin value="US958667AH04"/>
          <ticker value="WES"/>
          <other otherDesc="SEDOL" value="BTFHTQ7"/>
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        <balance>204000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205797.7600000000</valUSD>
        <pctVal>0.1168416788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000000</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>Xcel Energy Inc</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy Inc 5.75 12/03/2056</title>
        <cusip>98389BBF6</cusip>
        <identifiers>
          <isin value="US98389BBF67"/>
          <ticker value="XEL"/>
          <other otherDesc="SEDOL" value="BWPJHP9"/>
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        <balance>348000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>348868.5100000000</valUSD>
        <pctVal>0.1980700975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.750000000000000</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>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA 3.25 10/29/2029</title>
        <cusip>98971DAB6</cusip>
        <identifiers>
          <isin value="US98971DAB64"/>
          <ticker value="ZION"/>
          <other otherDesc="SEDOL" value="BJLC074"/>
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        <balance>700000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>665936.6600000000</valUSD>
        <pctVal>0.3780855405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000000</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>
      <invstOrSec>
        <name>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA 4.48 02/09/2029</title>
        <cusip>98971DAE0</cusip>
        <identifiers>
          <isin value="US98971DAE04"/>
          <ticker value="ZION"/>
          <other otherDesc="SEDOL" value="BMXGTS9"/>
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        <balance>555000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>555336.4500000000</valUSD>
        <pctVal>0.3152922709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.483000000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Mortgage Trust Series 2024-6</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2024-6 6.00</title>
        <cusip>46657YAF1</cusip>
        <identifiers>
          <isin value="US46657YAF16"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>10521.8400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10508.9400000000</valUSD>
        <pctVal>0.0059664507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>JP Morgan Mortgage Trust Series 2024-8</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2024-8 5.50</title>
        <cusip>46658GAB8</cusip>
        <identifiers>
          <isin value="US46658GAB86"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>103015.4300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103965.9500000000</valUSD>
        <pctVal>0.0590266684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-25</maturityDt>
          <couponKind>Variable</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>JP Morgan Mortgage Trust Series 2024-8</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust Series 2024-8 5.50</title>
        <cusip>46658GAK8</cusip>
        <identifiers>
          <isin value="US46658GAK85"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>24103.0600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24050.9400000000</valUSD>
        <pctVal>0.0136549212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-25</maturityDt>
          <couponKind>Variable</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>J.P. Morgan Mortgage Trust 2024-10</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2024-10 5.50</title>
        <cusip>46658LAK7</cusip>
        <identifiers>
          <isin value="US46658LAK70"/>
          <ticker value="JPMMT"/>
        </identifiers>
        <balance>97822.5400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97883.1300000000</valUSD>
        <pctVal>0.0555731473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-25</maturityDt>
          <couponKind>Variable</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>MFA 2023-NQM3 Trust</name>
        <lei>N/A</lei>
        <title>MFA 2023-NQM3 Trust 6.62</title>
        <cusip>55286MAA8</cusip>
        <identifiers>
          <isin value="US55286MAA80"/>
          <ticker value="MFRA"/>
        </identifiers>
        <balance>122003.4500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122680.0600000000</valUSD>
        <pctVal>0.0696516044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.617000000000000</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>MPT Operating Partnership LP / MPT Finance Corp</name>
        <lei>N/A</lei>
        <title>MPT Operating Partnership LP / MPT Finance Corp 8.50 02/15/2032</title>
        <cusip>55342UAQ7</cusip>
        <identifiers>
          <isin value="US55342UAQ76"/>
          <ticker value="MPW"/>
          <other otherDesc="SEDOL" value="BTCCGD1"/>
        </identifiers>
        <balance>103000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110313.3100000000</valUSD>
        <pctVal>0.0626303820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000000</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>MVW 2020-1 LLC</name>
        <lei>N/A</lei>
        <title>MVW 2020-1 LLC 4.21</title>
        <cusip>55400EAC3</cusip>
        <identifiers>
          <isin value="US55400EAC30"/>
          <ticker value="MVWOT"/>
        </identifiers>
        <balance>37229.9900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37068.8700000000</valUSD>
        <pctVal>0.0210458510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.210000000000000</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>Macquarie Bank Ltd/London</name>
        <lei>549300MPRNPO6FWNKN78</lei>
        <title>Macquarie Bank Ltd/London (pfd) 6.13% 09/08/2174 Perpetual</title>
        <cusip>556079AB7</cusip>
        <identifiers>
          <isin value="US556079AB79"/>
          <ticker value="MQGAU"/>
          <other otherDesc="SEDOL" value="BL9B7W1"/>
        </identifiers>
        <balance>420000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>425373.9000000000</valUSD>
        <pctVal>0.2415060328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Inc/AAdvantage Loyalty IP Ltd</name>
        <lei>N/A</lei>
        <title>American Airlines Inc/AAdvantage Loyalty IP Ltd 5.50 04/20/2026</title>
        <cusip>00253XAA9</cusip>
        <identifiers>
          <isin value="US00253XAA90"/>
          <ticker value="AAL"/>
          <other otherDesc="SEDOL" value="BM8H716"/>
        </identifiers>
        <balance>16.1700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16.2000000000</valUSD>
        <pctVal>0.0000091976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-20</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>Acadia Healthcare Co Inc</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>Acadia Healthcare Co Inc 5.00 04/15/2029</title>
        <cusip>00404AAP4</cusip>
        <identifiers>
          <isin value="US00404AAP49"/>
          <ticker value="ACHC"/>
          <other otherDesc="SEDOL" value="BMCM9K0"/>
        </identifiers>
        <balance>395000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387213.5200000000</valUSD>
        <pctVal>0.2198404770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000000</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>Advance Auto Parts Inc</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>Advance Auto Parts Inc 7.00 08/01/2030</title>
        <cusip>00751YAK2</cusip>
        <identifiers>
          <isin value="US00751YAK29"/>
          <ticker value="AAP"/>
          <other otherDesc="SEDOL" value="BPK4QX1"/>
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        <balance>362000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>371618.3400000000</valUSD>
        <pctVal>0.2109863135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000000</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>Air Lease Corp</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp (pfd) 4.65% 06/15/2174 Perpetual</title>
        <cusip>00912XBJ2</cusip>
        <identifiers>
          <isin value="US00912XBJ28"/>
          <ticker value="AL"/>
          <other otherDesc="SEDOL" value="BMZ9QP2"/>
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        <balance>205000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204892.4400000000</valUSD>
        <pctVal>0.1163276833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ashtead Capital Inc</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital Inc 4.38 08/15/2027</title>
        <cusip>045054AF0</cusip>
        <identifiers>
          <isin value="US045054AF03"/>
          <ticker value="AHTLN"/>
          <other otherDesc="SEDOL" value="BD93QF7"/>
        </identifiers>
        <balance>350000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349620.8200000000</valUSD>
        <pctVal>0.1984972215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000000</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>Atlas Warehouse Lending Co LP</name>
        <lei>25490068J12A1HV7YM70</lei>
        <title>Atlas Warehouse Lending Co LP 6.05 01/15/2028</title>
        <cusip>049463AD4</cusip>
        <identifiers>
          <isin value="US049463AD44"/>
          <ticker value="ATWALD"/>
          <other otherDesc="SEDOL" value="BS9GD72"/>
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        <balance>282000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289376.6700000000</valUSD>
        <pctVal>0.1642936052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.050000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlas Warehouse Lending Co LP</name>
        <lei>25490068J12A1HV7YM70</lei>
        <title>Atlas Warehouse Lending Co LP 4.63 11/15/2028</title>
        <cusip>049463AF9</cusip>
        <identifiers>
          <isin value="US049463AF91"/>
          <ticker value="ATWALD"/>
          <other otherDesc="SEDOL" value="BV97309"/>
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        <balance>278000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278095.2400000000</valUSD>
        <pctVal>0.1578885732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital Four US CLO Ltd</name>
        <lei>549300NMXY8VXHO96C52</lei>
        <title>Capital Four US CLO I Ltd 5.27</title>
        <cusip>14016TAN9</cusip>
        <identifiers>
          <isin value="US14016TAN90"/>
          <ticker value="C4US"/>
        </identifiers>
        <balance>125000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125447.1500000000</valUSD>
        <pctVal>0.0712226197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.265350000000000</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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc (pfd) 6.50% 05/15/2174 Perpetual</title>
        <cusip>172967QK0</cusip>
        <identifiers>
          <isin value="US172967QK06"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BS1KWS6"/>
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        <balance>325000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>329953.6500000000</valUSD>
        <pctVal>0.1873311857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties 4.50 06/01/2027</title>
        <cusip>26884UAD1</cusip>
        <identifiers>
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          <ticker value="EPR"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Eagle Funding Luxco Sarl</name>
        <lei>894500VDP08MVIZ6OA60</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Emera Inc</name>
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        <name>Citigroup Commercial Mortgage Trust 2020-555</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust 2024-1</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Empresas Publicas de Medellin ESP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Equinix Asia Financing Corp Pte Ltd</name>
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      <invstOrSec>
        <name>Essent Group Ltd</name>
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        <name>F&amp;G Annuities &amp; Life Inc</name>
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        <name>FNB Corp/PA</name>
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        <name>FIP Master Funding LLC</name>
        <lei>N/A</lei>
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        <name>Freddie Mac Strips</name>
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        <issuerCat>USGA</issuerCat>
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        <name>Fedex Freight Holding Co Inc</name>
        <lei>984500Y1DA5A58ICE336</lei>
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      <invstOrSec>
        <name>FinBe USA Trust 2025-1</name>
        <lei>N/A</lei>
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        <name>First Horizon Bank</name>
        <lei>COOWI3L2W9TPYR3WJX37</lei>
        <title>First Horizon Bank 5.75 05/01/2030</title>
        <cusip>337158AJ8</cusip>
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          <ticker value="FHN"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Flexential Issuer LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.030000000000000</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>Citigroup Mortgage Loan Trust 2024-CMI1</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2024-CMI1 5.50</title>
        <cusip>17332DAE4</cusip>
        <identifiers>
          <isin value="US17332DAE40"/>
          <ticker value="CMLTI"/>
        </identifiers>
        <balance>77168.3400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77093.2700000000</valUSD>
        <pctVal>0.0437697042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-25</maturityDt>
          <couponKind>Variable</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>EFMT 2025-NQM3</name>
        <lei>2549007I2BIJP4S0O647</lei>
        <title>EFMT 2025-NQM3 5.49</title>
        <cusip>26846YAB4</cusip>
        <identifiers>
          <isin value="US26846YAB48"/>
          <ticker value="EFMT"/>
        </identifiers>
        <balance>355980.1800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359645.9900000000</valUSD>
        <pctVal>0.2041890118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.494000000000001</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>PRIO Luxembourg Holding Sarl</name>
        <lei>2221003VQP4JY7T31H94</lei>
        <title>PRIO Luxembourg Holding Sarl 6.75 10/15/2030</title>
        <cusip>74259PAA5</cusip>
        <identifiers>
          <isin value="US74259PAA57"/>
          <ticker value="PRIOBZ"/>
          <other otherDesc="SEDOL" value="BSLTZ73"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197352.0000000000</valUSD>
        <pctVal>0.1120465985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRKCM 2026-AFC1 Trust</name>
        <lei>N/A</lei>
        <title>PRKCM 2026-AFC1 Trust 4.68</title>
        <cusip>74277KAE6</cusip>
        <identifiers>
          <isin value="US74277KAE64"/>
          <ticker value="PRKCM"/>
        </identifiers>
        <balance>599048.4000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599178.9300000000</valUSD>
        <pctVal>0.3401838391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.677000000000000</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>Provident Funding Mortgage Trust 2025-3</name>
        <lei>N/A</lei>
        <title>Provident Funding Mortgage Trust 2025-3 5.50</title>
        <cusip>74388PAD3</cusip>
        <identifiers>
          <isin value="US74388PAD33"/>
          <ticker value="PFMT"/>
        </identifiers>
        <balance>225937.3600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228540.4700000000</valUSD>
        <pctVal>0.1297538524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Provident Funding Mortgage Trust 2024-1</name>
        <lei>N/A</lei>
        <title>Provident Funding Mortgage Trust 2024-1 5.50</title>
        <cusip>74389BAC5</cusip>
        <identifiers>
          <isin value="US74389BAC54"/>
          <ticker value="PFMT"/>
        </identifiers>
        <balance>696449.8500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>704362.9800000000</valUSD>
        <pctVal>0.3999020837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Variable</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>Purchasing Power Funding 2026-A LLC</name>
        <lei>N/A</lei>
        <title>Purchasing Power Funding 2026-A LLC 5.40</title>
        <cusip>74614AAD2</cusip>
        <identifiers>
          <isin value="US74614AAD28"/>
          <ticker value="PPWR"/>
        </identifiers>
        <balance>636000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>635933.2800000000</valUSD>
        <pctVal>0.3610511214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</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>RCKT Trust 2025-PL1</name>
        <lei>N/A</lei>
        <title>RCKT Trust 2025-PL1 5.42</title>
        <cusip>74939RAD3</cusip>
        <identifiers>
          <isin value="US74939RAD35"/>
          <ticker value="RCKTL"/>
          <other otherDesc="SEDOL" value="BRT81F5"/>
        </identifiers>
        <balance>138000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139410.9400000000</valUSD>
        <pctVal>0.0791505616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.420000000000000</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>RCKT Mortgage Trust 2024-CES1</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2024-CES1 6.03</title>
        <cusip>749424AA5</cusip>
        <identifiers>
          <isin value="US749424AA57"/>
          <ticker value="RCKT"/>
        </identifiers>
        <balance>138545.6200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139747.3400000000</valUSD>
        <pctVal>0.0793415527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.025000000000000</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>RCKT Mortgage Trust 2024-CES3</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust 2024-CES3 6.59</title>
        <cusip>74942AAA1</cusip>
        <identifiers>
          <isin value="US74942AAA16"/>
          <ticker value="RCKT"/>
          <other otherDesc="SEDOL" value="BP9N6F1"/>
        </identifiers>
        <balance>57021.7200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57898.7900000000</valUSD>
        <pctVal>0.0328720382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.591000000000000</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>RNL PH Owner LLC</name>
        <lei>N/A</lei>
        <title>RNL PH Owner LLC 5.59</title>
        <cusip>74983YAC5</cusip>
        <identifiers>
          <isin value="US74983YAC57"/>
          <ticker value="RLNT"/>
        </identifiers>
        <balance>579591.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>579427.3800000000</valUSD>
        <pctVal>0.3289698965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.590000000000000</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>Radian Mortgage Capital Trust 2025-J2</name>
        <lei>N/A</lei>
        <title>Radian Mortgage Capital Trust 2025-J2 5.50</title>
        <cusip>75023XAX0</cusip>
        <identifiers>
          <isin value="US75023XAX03"/>
          <ticker value="RMCT"/>
        </identifiers>
        <balance>278022.5700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280699.8200000000</valUSD>
        <pctVal>0.1593673235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-25</maturityDt>
          <couponKind>Variable</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>Rate Mortgage Trust 2024-J4</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust 2024-J4 5.50</title>
        <cusip>75408TAE6</cusip>
        <identifiers>
          <isin value="US75408TAE64"/>
          <ticker value="RATE"/>
        </identifiers>
        <balance>245264.5600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248295.0700000000</valUSD>
        <pctVal>0.1409695266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RATE Mortgage Trust 2024-J3</name>
        <lei>N/A</lei>
        <title>RATE Mortgage Trust 2024-J3 5.50</title>
        <cusip>75409UAH5</cusip>
        <identifiers>
          <isin value="US75409UAH59"/>
          <ticker value="RATE"/>
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        <balance>134119.8000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134228.1200000000</valUSD>
        <pctVal>0.0762080155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Variable</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>RATE Mortgage Trust 2025-J2</name>
        <lei>N/A</lei>
        <title>RATE Mortgage Trust 2025-J2 5.50</title>
        <cusip>75409YAE4</cusip>
        <identifiers>
          <isin value="US75409YAE41"/>
          <ticker value="RATE"/>
        </identifiers>
        <balance>300157.8200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303090.7800000000</valUSD>
        <pctVal>0.1720797911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-25</maturityDt>
          <couponKind>Variable</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>Rate Mortgage Trust 2024-J1</name>
        <lei>N/A</lei>
        <title>Rate Mortgage Trust 2024-J1 6.00</title>
        <cusip>75410PAG5</cusip>
        <identifiers>
          <isin value="US75410PAG54"/>
          <ticker value="RATE"/>
        </identifiers>
        <balance>36723.1900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36708.3200000000</valUSD>
        <pctVal>0.0208411488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>Rocket Cos Inc</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc 6.13 08/01/2030</title>
        <cusip>77311WAA9</cusip>
        <identifiers>
          <isin value="US77311WAA99"/>
          <ticker value="RKT"/>
          <other otherDesc="SEDOL" value="BVDKGL6"/>
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        <balance>260000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rocket Cos Inc</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc 6.38 08/01/2033</title>
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          <isin value="US77311WAB72"/>
          <ticker value="RKT"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.375000000000000</annualizedRt>
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      <invstOrSec>
        <name>SBA Communications Corp</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp 3.13 02/01/2029</title>
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          <isin value="US78410GAG91"/>
          <ticker value="SBAC"/>
          <other otherDesc="SEDOL" value="BPVBYZ9"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SHR Trust 2024-LXRY</name>
        <lei>N/A</lei>
        <title>SHR Trust 2024-LXRY 6.11</title>
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          <isin value="US784234AC03"/>
          <ticker value="SHR"/>
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        <valUSD>248004.5200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SEB Funding LLC</name>
        <lei>N/A</lei>
        <title>SEB Funding LLC 7.39</title>
        <cusip>78433DAC8</cusip>
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          <isin value="US78433DAC83"/>
          <ticker value="SEB4P"/>
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        <balance>346000.0000000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.386000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCG 2024-MSP Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SCG 2024-MSP Mortgage Trust 6.10</title>
        <cusip>78436EAC3</cusip>
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          <isin value="US78436EAC30"/>
          <ticker value="SCG"/>
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        <balance>261000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.099650000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMRT 2022-MINI</name>
        <lei>N/A</lei>
        <title>SMRT 2022-MINI 5.01</title>
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          <isin value="US78457JAG76"/>
          <ticker value="SMRT"/>
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        <balance>225000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>224927.8200000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.010000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SS&amp;C Technologies Inc</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SS&amp;C Technologies Inc 6.50 06/01/2032</title>
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          <isin value="US78466CAD83"/>
          <ticker value="SSNC"/>
          <other otherDesc="SEDOL" value="BNZHS79"/>
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        <curCd>USD</curCd>
        <valUSD>428457.5400000000</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>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PONTE VEDRA PINE OBLIG</name>
        <lei>N/A</lei>
        <title>Florida Local Government Finance Commission 6.75% 11/15/2030</title>
        <cusip>34077UAN0</cusip>
        <identifiers>
          <isin value="US34077UAN00"/>
          <ticker value="FLSFAC"/>
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        <balance>210000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ford Motor Credit Co LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC 5.13 11/05/2026</title>
        <cusip>345397F81</cusip>
        <identifiers>
          <isin value="US345397F810"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BQB43B4"/>
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        <balance>500000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502956.5300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fortitude Global Funding</name>
        <lei>635400TKBOGEHNO5RT68</lei>
        <title>Fortitude Global Funding 4.63 10/06/2028</title>
        <cusip>34967GAA2</cusip>
        <identifiers>
          <isin value="US34967GAA22"/>
          <ticker value="FORTRE"/>
          <other otherDesc="SEDOL" value="BR886K6"/>
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        <balance>512000.0000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2022-DNA6</name>
        <lei>5493000IS30HKV5IAS29</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA6 5.82</title>
        <cusip>35564KH36</cusip>
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          <isin value="US35564KH362"/>
          <ticker value="STACR"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2022-DNA5</name>
        <lei>5493000IS349P4O9HR58</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA5 6.62</title>
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          <isin value="US35564KYN35"/>
          <ticker value="STACR"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC 9.25 02/01/2029</title>
        <cusip>35641AAA6</cusip>
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          <isin value="US35641AAA60"/>
          <ticker value="FREMOR"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC 6.88 05/01/2031</title>
        <cusip>35641AAE8</cusip>
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          <isin value="US35641AAE82"/>
          <ticker value="FREMOR"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GA Global Funding Trust</name>
        <lei>54930029I8ROQ4OROZ88</lei>
        <title>GA Global Funding Trust 5.20 12/09/2031</title>
        <cusip>36143L2Q7</cusip>
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          <isin value="US36143L2Q77"/>
          <ticker value="GBLATL"/>
          <other otherDesc="SEDOL" value="BQVXDG6"/>
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        <balance>395000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>399265.3500000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-HE1</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust 2024-HE1 5.27</title>
        <cusip>36270AAA2</cusip>
        <identifiers>
          <isin value="US36270AAA25"/>
          <ticker value="GSMBS"/>
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        <balance>160815.0100000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161578.2100000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2025-PJ5</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2025-PJ6</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-PJ8</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2025-PJ7</name>
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          <isin value="US36272MAE66"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
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          <ticker value="ET"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Enerflex Inc</name>
        <lei>549300SQCOV1LC1GBK07</lei>
        <title>Enerflex Inc 6.88 01/15/2031</title>
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          <isin value="US29281WAA62"/>
          <ticker value="EFXINC"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
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          <ticker value="EQNR"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Carnival Corp</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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          <ticker value="CCL"/>
          <other otherDesc="SEDOL" value="BV2JDT1"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Cenovus Energy Inc</name>
        <lei>254900LJGL2N2XEMD470</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centersquare Issuer LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2024-3</name>
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        <title>Chase Home Lending Mortgage Trust Series 2024-3 6.00</title>
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        <identifiers>
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          <ticker value="CHASE"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Tr</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2025-2</name>
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        <title>Chase Home Lending Mortgage Trust Series 2025-2 6.00</title>
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          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2024-8</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust 2024-8 5.50</title>
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          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust 2024-9 5.50</title>
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          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2024-9</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust 2024-9 5.50</title>
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          <ticker value="CHASE"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
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        <name>Chase Home Lending Mortgage Trust Series 2025-9</name>
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        <title>Chase Home Lending Mortgage Trust Series 2025-9 5.50</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2025-8</name>
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        <title>Chase Home Lending Mortgage Trust 2025-8 6.00</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2025-8</name>
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        <title>Chase Home Lending Mortgage Trust 2025-8 6.25</title>
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          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2024-2</name>
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        <identifiers>
          <isin value="US161929AJ31"/>
          <ticker value="CHASE"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Blue Owl Capital Corp</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Blue Owl Capital Corp 3.40 07/15/2026</title>
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          <isin value="US69121KAE47"/>
          <ticker value="OBDC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PK Alift Loan Funding 3 LP</name>
        <lei>N/A</lei>
        <title>PK Alift Loan Funding 3 LP 5.84</title>
        <cusip>69291VAB0</cusip>
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          <isin value="US69291VAB09"/>
          <ticker value="PKAIR"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRKCM 2024-HOME1 Trust</name>
        <lei>N/A</lei>
        <title>PRKCM 2024-HOME1 Trust 6.43</title>
        <cusip>69391XAA7</cusip>
        <identifiers>
          <isin value="US69391XAA72"/>
          <ticker value="PRKCM"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust Series 2024-6</name>
        <lei>N/A</lei>
        <title>Chase Home Lending Mortgage Trust Series 2024-6 6.00</title>
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        <identifiers>
          <isin value="US161931AK67"/>
          <ticker value="CHASE"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</annualizedRt>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust 2025-5</name>
        <lei>529900V91KVGSU3Z1A61</lei>
        <title>Chase Home Lending Mortgage Trust 2025-5 5.50</title>
        <cusip>161935AE1</cusip>
        <identifiers>
          <isin value="US161935AE12"/>
          <ticker value="CHASE"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PMT Loan Trust 2025-J2</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust 2025-J2 5.50</title>
        <cusip>69392TAJ6</cusip>
        <identifiers>
          <isin value="US69392TAJ60"/>
          <ticker value="PMTLT"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Venture Global LNG Inc</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <cusip>92332YAE1</cusip>
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          <ticker value="VENLNG"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cherry Securitization Trust 2025-1</name>
        <lei>N/A</lei>
        <title>Cherry Securitization Trust 2025-1 6.53</title>
        <cusip>16473RAB0</cusip>
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          <isin value="US16473RAB06"/>
          <ticker value="CHRY"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citadel Finance LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>Citadel Finance LLC 4.75 02/14/2029</title>
        <cusip>17287HAE0</cusip>
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          <ticker value="CITADL"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Verisk Analytics Inc</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>Verisk Analytics Inc 4.45 03/15/2031</title>
        <cusip>92345YAP1</cusip>
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          <ticker value="VRSK"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>VERTICAL BRIDGE CC LLC</name>
        <lei>549300DKEDU9WZPGTC09</lei>
        <title>VERTICAL BRIDGE CC LLC 7.45</title>
        <cusip>92535VAU6</cusip>
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          <ticker value="VBTOW"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust 2021-R2</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust 2021-R2 1.23</title>
        <cusip>92538DAD1</cusip>
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          <isin value="US92538DAD12"/>
          <ticker value="VERUS"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Verus Securitization Trust 2024-4</name>
        <lei>213800WNY873LW1L3M73</lei>
        <title>Verus Securitization Trust 2024-4 6.22</title>
        <cusip>92540GAA6</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust 2024-9</name>
        <lei>213800LFRCPWSTP6LX39</lei>
        <title>Verus Securitization Trust 2024-9 5.89</title>
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          <isin value="US92540RAE45"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust 2025-4</name>
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        <title>Verus Securitization Trust 2025-4 5.75</title>
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          <isin value="US92540UAE73"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.753000000000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust 2025-2</name>
        <lei>N/A</lei>
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          <ticker value="CMLTI"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust 2025-R1</name>
        <lei>213800UBQ9UM61L7TB84</lei>
        <title>Verus Securitization Trust 2025-R1 5.77</title>
        <cusip>92541AAC4</cusip>
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          <isin value="US92541AAC45"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vista Point Securitization Trust 2020-2</name>
        <lei>N/A</lei>
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        <cusip>92838TAA9</cusip>
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          <isin value="US92838TAA97"/>
          <ticker value="VSTA"/>
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        <balance>32835.6400000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NCMF Trust 2025-MFS</name>
        <lei>N/A</lei>
        <title>NCMF Trust 2025-MFS 6.04</title>
        <cusip>62887TAE4</cusip>
        <identifiers>
          <isin value="US62887TAE47"/>
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        <balance>425000.0000000000</balance>
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        <valUSD>433070.3300000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-10</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NMI Holdings Inc</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings Inc 6.00 08/15/2029</title>
        <cusip>629209AC1</cusip>
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        <valUSD>685271.4000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NRG Energy Inc</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc (pfd) 10.25% 09/15/2174 Perpetual</title>
        <cusip>629377CU4</cusip>
        <identifiers>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society 4.13 10/18/2032</title>
        <cusip>63859WAF6</cusip>
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          <ticker value="NWIDE"/>
          <other otherDesc="SEDOL" value="BZ1DKX5"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Toronto-Dominion Bank/The</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/The 8.13 10/31/2082</title>
        <cusip>89117F8Z5</cusip>
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          <isin value="US89117F8Z56"/>
          <ticker value="TD"/>
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        <balance>600000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.125000000000000</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>Towd Point Mortgage Trust 2024-CES3</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2024-CES3 6.29</title>
        <cusip>89183EAA9</cusip>
        <identifiers>
          <isin value="US89183EAA91"/>
          <ticker value="TPMT"/>
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        <balance>157639.6400000000</balance>
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        <valUSD>159666.7900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.290000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm Inc</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc 4.88 05/01/2029</title>
        <cusip>893647BQ9</cusip>
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          <ticker value="TDG"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <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>Triangle Re 2023-1 Ltd</name>
        <lei>N/A</lei>
        <title>Triangle Re 2023-1 Ltd 7.07</title>
        <cusip>89589AAA7</cusip>
        <identifiers>
          <isin value="US89589AAA79"/>
          <ticker value="TMIR"/>
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        <balance>23734.9400000000</balance>
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        <valUSD>23923.4700000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Universal Health Services Inc</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>Universal Health Services Inc 1.65 09/01/2026</title>
        <cusip>913903AZ3</cusip>
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          <ticker value="UHS"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Univision Communications Inc</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc 7.38 06/30/2030</title>
        <cusip>914906AX0</cusip>
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          <ticker value="UVN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-30</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>Velocity Commercial Capital Loan Trust 2026-1</name>
        <lei>N/A</lei>
        <title>Velocity Commercial Capital Loan Trust 2026-1 5.89</title>
        <cusip>92262WAC3</cusip>
        <identifiers>
          <isin value="US92262WAC38"/>
          <ticker value="VCC"/>
        </identifiers>
        <balance>265411.5200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267657.3300000000</valUSD>
        <pctVal>0.1519624498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.890000000000000</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>Venture Global Plaquemines LNG LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>Venture Global Plaquemines LNG LLC 6.13 12/15/2030</title>
        <cusip>922966AE6</cusip>
        <identifiers>
          <isin value="US922966AE68"/>
          <ticker value="VEGLPL"/>
          <other otherDesc="SEDOL" value="BQ68BH3"/>
        </identifiers>
        <balance>260000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270216.1800000000</valUSD>
        <pctVal>0.1534152369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-28</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>
</edgarSubmission>
