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      <invstOrSec>
        <name>CANADIAN IMP BK COMM NY</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Commercial Mortgag</name>
        <lei>549300DNBJ7A0SEFVK31</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-BNK1</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
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          <isin value="US29429EAB74"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>DUKE ENERGY CORP</name>
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        <title>Duke Energy Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-08</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>FORTIVE CORPORATION</name>
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        <title>Fortive Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PRINCIPAL LFE GLB FND II</name>
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        <title>Principal Life Global Funding II</title>
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        <name>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc</title>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
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        <name>Greywolf CLO Ltd</name>
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        <title>GREYWOLF CLO VII Ltd</title>
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        <invCountry>KY</invCountry>
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        <name>SKANDINAVISKA ENSKILDA</name>
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        <title>Skandinaviska Enskilda Banken AB</title>
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        <invCountry>SE</invCountry>
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        <name>NESTLE HOLDINGS INC</name>
        <lei>549300EAEU8YV8MQXP30</lei>
        <title>Nestle Holdings Inc</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Atlas Senior Loan Fund LTD</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Bank</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>NUTRIEN LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Park Funding Ltd</name>
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        <name>SKANDINAVISKA ENSKILDA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Direct Auto Receivable</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>CITIGROUP GLOBAL MARKETS</name>
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        <name>Sound Point CLO LTD</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>AMERICAN HONDA FINANCE</name>
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        <title>American Honda Finance Corp</title>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <name>COMMONWEALTH BK AUSTR NY</name>
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        <name>CSAIL Commercial Mortgage Trus</name>
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        <name>Bank of Montreal</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>ESSENTIAL UTILITIES INC</name>
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        <name>TCW Ltd</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>ING (US) FUNDING LLC</name>
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        <name>INTUIT INC</name>
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        <name>Sixth Street CLO LTD.</name>
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        <name>Avis Budget Rental Car Funding</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Balboa Bay Loan Funding Ltd</name>
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      <invstOrSec>
        <name>Morgan Stanley BAML Trust</name>
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        <name>PEPSICO INC</name>
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        <name>ARTHUR J GALLAGHER &amp; CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NUTRIEN LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AUST &amp; NZ BANKING GROUP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Battalion CLO LTD</name>
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        <name>GENERAL MOTORS FINL CO</name>
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        <name>RIO TINTO FIN USA PLC</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>LOWE'S COS INC</name>
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        <name>Shackleton CLO LTD</name>
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        <invCountry>KY</invCountry>
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        <name>MERCEDES-BENZ FIN NA</name>
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        <name>BNP PARIBAS NY</name>
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        <name>RIO TINTO FIN USA PLC</name>
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        <name>INTEL CORP</name>
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        <name>STATE STREET CORP</name>
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        <name>FIDELITY NATL INFO SERV</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>JPMDB Commercial Mortgage Secu</name>
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        <name>DAIMLER TRUCK FINAN NA</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CBAM CLO Management</name>
        <lei>2549002XHTMWO4GGPF51</lei>
        <title>Cbam 2018-7 Ltd</title>
        <cusip>12482JAA8</cusip>
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          <isin value="US12482JAA88"/>
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        <balance>5117388.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5130231.14000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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          <isin value="US78016HZU75"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20133730.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.26886100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2017-BNK4</title>
        <cusip>06541FAZ2</cusip>
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          <isin value="US06541FAZ27"/>
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        <balance>27747325.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27220647.63000000</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>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.36200000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS SA</name>
        <lei>N/A</lei>
        <title>BNP PARIBAS SA</title>
        <cusip>09660EYK1</cusip>
        <identifiers>
          <isin value="US09660EYK18"/>
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        <balance>18000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17624291.40000000</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>2025-11-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank Commercial Mortg</name>
        <lei>N/A</lei>
        <title>DBJPM 2016-C3 Mortgage Trust</title>
        <cusip>23312VAE6</cusip>
        <identifiers>
          <isin value="US23312VAE65"/>
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        <balance>6895141.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6770123.49000000</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>2049-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.63200000</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>NATWEST MARKETS PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets PLC</title>
        <cusip>63906YAM0</cusip>
        <identifiers>
          <isin value="US63906YAM03"/>
          <other otherDesc="SEDOL" value="BQMPWW0"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20062150.00000000</valUSD>
        <pctVal>0.177060037577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.78900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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 Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2</title>
        <cusip>46590MAS9</cusip>
        <identifiers>
          <isin value="US46590MAS98"/>
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        <balance>1169815.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1162499.70000000</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>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.71300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="B8AB218N4"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>726159.03000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>UK CLEARING HOUSE LIMITED</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>E.ON AG</name>
        <lei>N/A</lei>
        <title>E.ON AG</title>
        <cusip>26877JTP8</cusip>
        <identifiers>
          <isin value="US26877JTP83"/>
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        <balance>42000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41870665.20000000</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>2025-06-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO XXII Ltd</title>
        <cusip>09629PAA4</cusip>
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          <isin value="US09629PAA49"/>
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        <balance>6448336.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6461753.66000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.59771000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
        <lei>549300BSYX29G4VVM177</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C36</title>
        <cusip>95000MBN0</cusip>
        <identifiers>
          <isin value="US95000MBN02"/>
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        <balance>12384973.10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12106624.55000000</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>2059-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80700000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley BAML Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31</title>
        <cusip>61766RAY2</cusip>
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          <isin value="US61766RAY27"/>
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        <balance>6940762.76000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6797974.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.84000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Carval CLO LTD</name>
        <lei>N/A</lei>
        <title>CarVal CLO II Ltd</title>
        <cusip>14686AAY5</cusip>
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          <isin value="US14686AAY55"/>
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        <balance>44907712.95000000</balance>
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        <valUSD>44948587.95000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>ESSENTIALUTILITIESINC</name>
        <lei>N/A</lei>
        <title>ESSENTIALUTILITIESINC</title>
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          <isin value="US29670JT222"/>
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        <balance>14500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-02</maturityDt>
          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-CCRE26 Mortgage Trust</title>
        <cusip>12593QBE9</cusip>
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          <isin value="US12593QBE98"/>
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        <balance>12465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12397364.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.63000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>E.ON AG</name>
        <lei>N/A</lei>
        <title>E.ON AG</title>
        <cusip>26877JTT0</cusip>
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          <isin value="US26877JTT06"/>
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        <balance>18000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17935511.40000000</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>2025-06-27</maturityDt>
          <couponKind>None</couponKind>
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        <name>PENSKE TRUCK LEASING/PTL</name>
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        <name>Deutsche Bank Commercial Mortg</name>
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        <name>Banc of America Commercial Mor</name>
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        <name>Apidos CLO Ltd</name>
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        <title>Apidos CLO XII</title>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>SOUTHERN CAL EDISON</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SWEDBANK AB</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-21</maturityDt>
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      <invstOrSec>
        <name>CBRE SERVICES INC</name>
        <lei>N/A</lei>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19986826.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-04</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>DNB BANK ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
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          <isin value="US23341CAC73"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-09</maturityDt>
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      <invstOrSec>
        <name>BRISTOL-MYERS SQUIBB CO</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co</title>
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          <isin value="US110122ED68"/>
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        <balance>9250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COOPERAT RABOBANK UA/NY</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA/NY</title>
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          <isin value="US21688ABB70"/>
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        <balance>28500000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-09</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DTE ENERGY CO</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co</title>
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          <isin value="US233331BM83"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AUST &amp; NZ BANKING GROUP</name>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NESTLE HOLDINGS INC</name>
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        <title>Nestle Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <name>DAIMLER TRUCK FINAN NA</name>
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        <title>Daimler Truck Finance North America LLC</title>
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        <name>MARS INC</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>Carlyle Global Market Strategi</name>
        <lei>549300R4G5ROMXQ5CG20</lei>
        <title>Carlyle Global Market Strategies CLO 2012-4 Ltd</title>
        <cusip>14309YCA0</cusip>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN HONDA FINANCE</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banc of America Commercial Mor</name>
        <lei>N/A</lei>
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          <isin value="US06054MAD56"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-13</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CISCO SYSTEMS INC</name>
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        <title>Cisco Systems Inc</title>
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      <invstOrSec>
        <name>SIEMENS FUNDING BV</name>
        <lei>213800CCRGH2TO338X64</lei>
        <title>Siemens Funding BV</title>
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          <isin value="US82622RAA41"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NEXTERA ENERGY CAPITAL</name>
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        <title>NextEra Energy Capital Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFIC LIFE GF II</name>
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        <name>CATERPILLAR FINL SERVICE</name>
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        <title>Caterpillar Financial Services Corp</title>
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        <name>IBM INTERNAT CAPITAL</name>
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        <title>IBM International Capital Pte Ltd</title>
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        <invCountry>SG</invCountry>

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        <name>GLENCOREFUNDINGLLC</name>
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        <name>BANK OF NOVA SCOTIA HOUS</name>
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        <invCountry>CA</invCountry>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <name>DTE ELECTRIC CO</name>
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        <title>DTE Electric Co</title>
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      <invstOrSec>
        <name>SCHLUMBERGER HLDGS CORP</name>
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          <isin value="US806851AL54"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORP</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTESA SANPA 4.75 9/25</name>
        <lei>N/A</lei>
        <title>INTESA SANPA 4.75 9/25</title>
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          <isin value="US46115K5Q98"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-ACNT</title>
        <cusip>05609QAA4</cusip>
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          <isin value="US05609QAA40"/>
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        <balance>41236056.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41210284.24000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-LC21 Mortgage Trust</title>
        <cusip>12593FBD5</cusip>
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          <isin value="US12593FBD50"/>
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        <balance>947307.99000000</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>2048-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BELLCANADA</name>
        <lei>N/A</lei>
        <title>BELLCANADA</title>
        <cusip>000000000</cusip>
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          <isin value="US07787PTC22"/>
          <other otherDesc="INTERNAL" value="07787PTC2"/>
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        <balance>22000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21964606.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-12</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAE SYSTEMS PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE Systems PLC</title>
        <cusip>05523RAH0</cusip>
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          <isin value="US05523RAH03"/>
          <other otherDesc="SEDOL" value="BQ9D7R7"/>
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        <balance>10290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10367579.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280BX6</cusip>
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          <isin value="US404280BX62"/>
          <other otherDesc="SEDOL" value="BGLRQB4"/>
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        <balance>65000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64882363.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.29200000</annualizedRt>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CMF5</cusip>
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          <isin value="US91282CMF58"/>
          <other otherDesc="SEDOL" value="BSLQ8M0"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2018437.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS USD</title>
        <cusip>000000000</cusip>
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        <balance>1.00000000</balance>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc</title>
        <cusip>11135FCE9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>GLENCORE FUNDING LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>378272BX5</cusip>
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          <isin value="US378272BX50"/>
          <other otherDesc="SEDOL" value="BMTYK06"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2023-V3 Mortgage Trust</title>
        <cusip>08163VAC1</cusip>
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          <isin value="US08163VAC19"/>
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        <balance>16734480.00000000</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>2056-07-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2015-6</title>
        <cusip>89172RAC9</cusip>
        <identifiers>
          <isin value="US89172RAC97"/>
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        <balance>449068.20000000</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>2055-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>PACIFIC GAS &amp; ELECTRIC</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co</title>
        <cusip>694308KS5</cusip>
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          <isin value="US694308KS54"/>
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        <balance>48500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48433823.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.29796000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMITH &amp; NEPHEW PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>Smith &amp; Nephew PLC</title>
        <cusip>83192PAC2</cusip>
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          <isin value="US83192PAC23"/>
          <other otherDesc="SEDOL" value="BRPT5X8"/>
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        <balance>6133000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6186761.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>MET LIFE GLOB FUNDING I</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>ABBVIE INC</name>
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        <name>TORONTO DOMINION BANK NY</name>
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        <name>Bank of Montreal</name>
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        <name>CSAIL Commercial Mortgage Trus</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>HPS Loan Management Ltd</name>
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      <invstOrSec>
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        <name>ARI Fleet Lease Trust</name>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>CHEVRON USA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUNGE LTD FINANCE CORP</name>
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        <title>Bunge Ltd Finance Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NXPBV</name>
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        <name>WESTPAC BANKING CORPORATION</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>MPLX LP</name>
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        <title>Roche Holdings Inc</title>
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        <name>NUTRIEN LTD</name>
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        <title>Nutrien Ltd</title>
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        <name>SOUTHERN CAL EDISON</name>
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        <title>Southern California Edison Co</title>
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        <name>BANK OF NOVA SCOTIA</name>
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      <invstOrSec>
        <name>OZLM Ltd</name>
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        <name>NORDEA BANK ABP</name>
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        <name>KEURIG DR PEPPER INC</name>
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        <title>Keurig Dr Pepper Inc</title>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <title>Wells Fargo Commercial Mortgage Trust 2015-LC22</title>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>Rockford Tower CLO Ltd</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>CFCRE Commercial Mortgage Trus</name>
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        <name>SIEMENS FUNDING BV</name>
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        <name>MET LIFE GLOB FUNDING I</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>TOYOTA MOTOR CREDIT CORP</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
        <title>Toyota Motor Credit Corp</title>
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        <name>JPMBB Commercial Mortgage Secu</name>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34941343.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-12</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNILEVER CAPITAL CORP</name>
        <lei>MYF1DAS6G5WY7PRWCU78</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust 2016-NXSR</title>
        <cusip>12594PAU5</cusip>
        <identifiers>
          <isin value="US12594PAU57"/>
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        <balance>3303171.99000000</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>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50140000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOW CHEMICAL COMPANY (THE</name>
        <lei>N/A</lei>
        <title>DOW CHEMICAL COMPANY (THE</title>
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          <isin value="US26055ATQ93"/>
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        <balance>12300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12260316.51000000</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>2025-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>CSAIL Commercial Mortgage Trus</name>
        <lei>549300D5DIOOMKWXVZ20</lei>
        <title>Csail 2015-C2 Commercial Mortgage Trust</title>
        <cusip>12634NAT5</cusip>
        <identifiers>
          <isin value="US12634NAT54"/>
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        <balance>235324.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234821.58000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ladder Capital Commercial Mort</name>
        <lei>N/A</lei>
        <title>LCCM 2017-LC26</title>
        <cusip>50190DAJ5</cusip>
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          <isin value="US50190DAJ54"/>
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        <balance>2960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2871113.27000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ADP9</cusip>
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          <isin value="US44891ADP93"/>
          <other otherDesc="SEDOL" value="BMHSGC4"/>
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        <balance>14400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14385354.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="B8ADED5B0"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-775583.72000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PACCAR FINANCIAL CORP</name>
        <lei>PH3S12DWZBHHQKVYZ297</lei>
        <title>PACCAR Financial Corp</title>
        <cusip>69371RT63</cusip>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONEOK INC</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>254900MS3D9HONB0N824</lei>
        <title>Voya CLO 2015-3 Ltd</title>
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        <balance>29523457.58000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AGILENT TECHNOLOGIES INC</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>Agilent Technologies Inc</title>
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        <balance>20800000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-09</maturityDt>
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          <annualizedRt>4.20000000</annualizedRt>
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        <name>TYCO ELECTRONICS GROUP S</name>
        <lei>C33G1C5SYE2YM95EE712</lei>
        <title>Tyco Electronics Group SA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ENBRIDGE (US) INC</name>
        <lei>N/A</lei>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NUTRIEN LTD</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CATERPILLAR FINL SERVICE</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp</title>
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        <balance>52000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>AMERICAN HONDA FINANCE</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp</title>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4986092.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>Neuberger Berman CLO Ltd</name>
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        <invCountry>KY</invCountry>
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        <name>ENTERPRISE PRODUCTS OPER</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>PHILIP MORRIS INTL INC</name>
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        <name>DOW CHEMICAL COMPANY (THE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>JEFFERIES FIN GROUP INC</name>
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        <name>CNH INDUSTRIAL CAP LLC</name>
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        <title>CNH Industrial Capital LLC</title>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
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        <name>BNP PARIBAS NEW YORK</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley BAML Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>Wellfleet CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FED CAISSES DESJARDINS</name>
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        <title>Federation des Caisses Desjardins du Quebec</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sculptor CLO Ltd</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JOHN DEERE CAPITAL CORP</name>
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        <name>ALEXANDRIA REAL ESTATE EQ</name>
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        <name>STATE STREET BANK &amp; TR</name>
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        <name>CNH INDUSTRIAL CAP LLC</name>
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        <name>FLORIDA POWER &amp; LIGHT CO</name>
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        <name>DAIMLER TRUCK FINAN NA</name>
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        <name>GENERAL MOTORS FINL CO</name>
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        <title>General Motors Financial Co Inc</title>
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        <name>Golub Capital Partners Static</name>
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        <title>Golub Capital Partners Static 2024-1 Ltd</title>
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        <name>GENERAL MOTORS FINL CO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIBANK NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BASF</name>
        <lei>N/A</lei>
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          <isin value="US05526LXH58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp</title>
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          <isin value="US857477CL59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-18</maturityDt>
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      <invstOrSec>
        <name>GIVAUDANUNITEDSTATESIN</name>
        <lei>N/A</lei>
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          <isin value="US37637VT952"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-09</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
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          <isin value="US95000U3C57"/>
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        <balance>73000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Romark CLO Ltd</name>
        <lei>N/A</lei>
        <title>Romark CLO II Ltd</title>
        <cusip>77587EAL2</cusip>
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          <isin value="US77587EAL20"/>
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        <balance>27001177.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27007157.79000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42177000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALT DISNEY COMPANY/THE</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co/The</title>
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          <isin value="US254687DD54"/>
          <other otherDesc="SEDOL" value="BJSB795"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29904851.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>NATIONAL AUSTRALIA BK/NY</name>
        <lei>549300E2IPL06NDXMZ63</lei>
        <title>National Australia Bank Ltd/New York</title>
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        <balance>7250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7248460.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Deutsche Bank Commercial Mortg</name>
        <lei>N/A</lei>
        <title>DBJPM 2017-C6 Mortgage Trust</title>
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          <isin value="US23312JAC71"/>
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        <balance>417627.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407008.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COLGATE-PALMOLIVE CO</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>Colgate-Palmolive Co</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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      <invstOrSec>
        <name>MONDELEZ INTERNATIONAL</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International Inc</title>
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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>2028-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Sound Point CLO LTD</name>
        <lei>5493001O6AOY43J70E72</lei>
        <title>Sound Point Clo XXI Ltd</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-26</maturityDt>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2016-C4</title>
        <cusip>46646RAH6</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-15</maturityDt>
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      <invstOrSec>
        <name>ESSENTIALUTILITIESINC</name>
        <lei>N/A</lei>
        <title>ESSENTIALUTILITIESINC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-18</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GLAXOSMITHKLINE CAPITAL</name>
        <lei>549300U0LV41VX7LEP38</lei>
        <title>GlaxoSmithKline Capital PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2016-COR1 Mortgage Trust</title>
        <cusip>12594MBC1</cusip>
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          <isin value="US12594MBC10"/>
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        <balance>11000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10740365.90000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.09100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>JPMBB Commercial Mortgage Secu</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Voya CLO Ltd</name>
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        <name>OZLM Ltd</name>
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      <invstOrSec>
        <name>ALIMENTATIONCOUCHE-TARD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FISERV INC</name>
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        <title>Fiserv Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DUKE ENERGY PROGRESS LLC</name>
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        <title>Duke Energy Progress LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Cent CLO LP</name>
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        <title>Columbia Cent CLO 30 Ltd</title>
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          <isin value="US19736WAU45"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SVENSKA HANDELSBANKEN AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-23</maturityDt>
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        <name>Ford Credit Floorplan Master O</name>
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        <title>Ford Credit Floorplan Master Owner Trust A</title>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <name>MORGAN STANLEY</name>
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        <title>Morgan Stanley</title>
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        <name>NETAPP INC</name>
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        <title>NetApp Inc</title>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>BELLCANADA</name>
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        <name>Bank</name>
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        <name>Venture CDO Ltd</name>
        <lei>549300NQLVRN86RJ6081</lei>
        <title>Venture 28A Clo Ltd</title>
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        <balance>30000000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LCM Ltd Partnership</name>
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        <name>TRANSCANADA PIPELINES LIM</name>
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        <name>Shackleton CLO LTD</name>
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        <name>WEC ENERGY GROUP INC</name>
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        <name>General Motors</name>
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        <name>GENERAL MOTORS FINL CO</name>
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        <name>CBRE SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
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        <name>BX Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSCANADA PIPELINES LIM</name>
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        <name>CD Commercial Mortgage Trust</name>
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        <name>BANK OF AMERICA CD 5.7000 20250730</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>NISOURCE INC</name>
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        <title>NiSource Inc</title>
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        <name>CISCO SYSTEMS INC</name>
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        <title>Cisco Systems Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WEC ENERGY GROUP INC</name>
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        <name>NEW YORK LIFE GLOBAL FDG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RTX CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-08</maturityDt>
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        <name>TORONTO-DOMINION</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-10</maturityDt>
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        <name>Avis Budget Rental Car Funding</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-21</maturityDt>
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        <name>ROYAL BANK OF CANADA</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AGL CLO Ltd.</name>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Canyon Capital CLO Ltd</name>
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        <name>Voya CLO Ltd</name>
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        <name>ONEOK INC</name>
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        <title>NextEra Energy Capital Holdings Inc</title>
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        <name>WESTPAC BANKING CORP</name>
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        <invCountry>AU</invCountry>
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        <name>AMERICAN HONDA FINANCE</name>
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        <title>American Honda Finance Corp</title>
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        <invCountry>US</invCountry>
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        <name>Whitebox CLO III Ltd</name>
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        <name>UNION PACIFIC CORP</name>
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        <name>US TREASURY N/B</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Bank</name>
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        <name>SVENSKA HAN 4.5 10/25</name>
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        <name>PPM CLO LTD</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>MTN Commercial Mortgage Trust</name>
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        <name>Deutsche Bank Commercial Mortg</name>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHN DEERE CAPITAL CORP</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp</title>
        <cusip>24422EXS3</cusip>
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          <isin value="US24422EXS35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle C17 CLO</name>
        <lei>N/A</lei>
        <title>Carlyle C17 CLO Ltd</title>
        <cusip>14307PAC9</cusip>
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          <isin value="US14307PAC95"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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      <invstOrSec>
        <name>MONDELEZ INTL HLDINGS NE</name>
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        <title>Mondelez International Holdings Netherlands BV</title>
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        <curCd>USD</curCd>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwoods Capital Ltd</name>
        <lei>549300YIKFTAGHX8G333</lei>
        <title>Northwoods Capital XV Ltd</title>
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          <isin value="US66860GAU85"/>
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        <balance>52000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-20</maturityDt>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
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        <title>UBS Group AG</title>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-12</maturityDt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CBRE SERVICES INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>GEORGIA-PACIFIC LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2016-GS4</title>
        <cusip>36251XAR8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C31</title>
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      <invstOrSec>
        <name>ICG US CLO Ltd</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battalion CLO LTD</name>
        <lei>549300JIE0P78OIZGS60</lei>
        <title>Battalion CLO XII Ltd</title>
        <cusip>07133RAW5</cusip>
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          <isin value="US07133RAW51"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-17</maturityDt>
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      <invstOrSec>
        <name>WELLS FARGO BANK NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust 2016-GS4</title>
        <cusip>36251XAQ0</cusip>
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          <isin value="US36251XAQ07"/>
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        <balance>5764436.35000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2017-C4</title>
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        <balance>1073600.30000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <title>IRS USD</title>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TORONTO-DOMINION BANK</name>
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        <name>VOLKSWAGEN GROUP AMERICA</name>
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        <name>LSEG US FIN CORP</name>
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        <name>DOW CHEMICAL COMPANY (THE</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>CD Commercial Mortgage Trust</name>
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        <name>TCW CLO 2017-1, Ltd</name>
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        <name>AMERICAN HONDA FINANCE</name>
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        <name>CSAIL Commercial Mortgage Trus</name>
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        <name>NEXTERA ENERGY CAPITAL</name>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <name>BANK OF AMERICA NA</name>
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        <name>Carlyle Global Market Strategi</name>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
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      <invstOrSec>
        <name>VW CREDIT INC</name>
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        <name>PROTECTIVE LIFE GLOBAL</name>
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        <name>MCDONALD'S CORP</name>
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        <name>COREBRIDGE GLOB FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <name>CITIBANK NA</name>
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        <name>NXP BV</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>ARES CLO Ltd</name>
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        <title>ARES XLV CLO Ltd</title>
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        <name>DIAGEO CAPITAL PLC</name>
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        <title>Diageo Capital PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCEDES-BENZ FIN NA</name>
        <lei>549300423Z16BB673J12</lei>
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          <isin value="US58769JAB35"/>
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        <valUSD>8523954.70000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GIVAUDAN UNITED STATES IN</name>
        <lei>N/A</lei>
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          <isin value="US37637VTP93"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-23</maturityDt>
          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2018-COR3 Mortgage Trust</title>
        <cusip>12595VAC1</cusip>
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          <isin value="US12595VAC19"/>
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        <balance>1589909.23000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1544557.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-10</maturityDt>
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      <invstOrSec>
        <name>FED CAISSES DESJARDINS</name>
        <lei>549300B2Q47IR0CR5B54</lei>
        <title>Federation des Caisses Desjardins du Quebec</title>
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          <isin value="US31429KAG85"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24980375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PRINCIPAL LFE GLB FND II</name>
        <lei>635400WSLKBQWSOIIT41</lei>
        <title>Principal Life Global Funding II</title>
        <cusip>74256LEX3</cusip>
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          <isin value="US74256LEX38"/>
          <other otherDesc="SEDOL" value="BS2FYZ1"/>
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        <balance>7714000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XLV Ltd</title>
        <cusip>55820BAS6</cusip>
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          <isin value="US55820BAS60"/>
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        <balance>17000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLTOWER INC</name>
        <lei>N/A</lei>
        <title>WELLTOWER INC</title>
        <cusip>000000000</cusip>
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          <isin value="US95040WT436"/>
          <other otherDesc="INTERNAL" value="95040WT43"/>
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        <balance>77000000.00000000</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>2025-06-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XLVIII Ltd</title>
        <cusip>55821UAA2</cusip>
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          <isin value="US55821UAA25"/>
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        <balance>13619558.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13674901.11000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.68108000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jamestown CLO Ltd</name>
        <lei>254900TDIR3OOT3N8P57</lei>
        <title>Jamestown CLO XII Ltd</title>
        <cusip>47047JAJ3</cusip>
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          <isin value="US47047JAJ34"/>
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        <balance>7128922.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7135556.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.46947000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
        <cusip>37045XDZ6</cusip>
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          <isin value="US37045XDZ69"/>
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        <balance>20625000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>CANADIAN IMP BK COMM NY</name>
        <lei>549300H8L46OOZOFHU82</lei>
        <title>Canadian Imperial Bank of Commerce/New York NY</title>
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          <isin value="US13606DBK72"/>
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        <balance>31000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-21</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B2 Mortgage Trust</title>
        <cusip>08161CAB7</cusip>
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          <isin value="US08161CAB72"/>
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        <balance>651.84000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-15</maturityDt>
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      <invstOrSec>
        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
        <title>Enterprise Fleet Financing 2023-3 LLC</title>
        <cusip>29374LAB6</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <balance>19800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20076632.93000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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      <invstOrSec>
        <name>MERCEDES-BENZ FIN NA</name>
        <lei>549300423Z16BB673J12</lei>
        <title>Mercedes-Benz Finance North America LLC</title>
        <cusip>58769JBD8</cusip>
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        <balance>15000000.00000000</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>2027-04-01</maturityDt>
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      <invstOrSec>
        <name>BOFA SECURITIES INC</name>
        <lei>N/A</lei>
        <title>BOFA SECURITIES INC</title>
        <cusip>000000000</cusip>
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        <balance>35000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-28</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339KBS8</cusip>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>One New York Plaza Trust 2020-</name>
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        <name>ALEXANDRIA REAL ESTATE E</name>
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        <name>Elevation CLO Ltd</name>
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        <name>WALMART INC</name>
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        <name>MORGAN STANLEY BANK NA</name>
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        <name>JEFFERSON MILL CLO LTD</name>
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        <name>TORONTO-DOMINION BANK</name>
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        <name>Svenska Handelsbanken AB New York Branch</name>
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        <name>OCT64 2022-1A FRN 7/34</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>BENCHMARK Mortgage Trust</name>
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        <name>Voya CLO Ltd</name>
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        <name>BIOGEN INC</name>
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        <title>Biogen Inc</title>
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        <name>Morgan Stanley BAML Trust</name>
        <lei>N/A</lei>
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        <name>BX Trust</name>
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        <name>HCP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>(PIPA070) PGIM Core Government Money Market Fund</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
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          <maturityDt>2049-10-10</maturityDt>
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      <invstOrSec>
        <name>ING (US) FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CENOVUS ENERGY INC</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>529900ELA1S09AZO9Q54</lei>
        <title>JP Morgan Mortgage Trust 2024-HE2</title>
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        <balance>7020879.85000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-20</maturityDt>
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      <invstOrSec>
        <name>NATIONAL AUSTRALIA BANK</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>National Australia Bank Ltd</title>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-06</maturityDt>
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      <invstOrSec>
        <name>Jamestown CLO Ltd</name>
        <lei>N/A</lei>
        <title>Jamestown CLO XIV Ltd</title>
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          <isin value="US47048XBC56"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BHP BILLITON FIN USA LTD</name>
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        <title>BHP Billiton Finance USA Ltd</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HOME DEPOT INC</name>
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        <title>Home Depot Inc/The</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>3650R Commercial Mortgage Trus</name>
        <lei>N/A</lei>
        <title>3650R 2021-PF1 Commercial Mortgage Trust</title>
        <cusip>88581EAA9</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2015-MS1</title>
        <cusip>61765DAU2</cusip>
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        <balance>5927924.91000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MICROCHIP TECHNOLOGY INC</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology Inc</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Clover CLO</name>
        <lei>N/A</lei>
        <title>Clover CLO 2021-3 LLC</title>
        <cusip>18915FAA0</cusip>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2016-C1</title>
        <cusip>17290YAQ1</cusip>
        <identifiers>
          <isin value="US17290YAQ17"/>
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        <balance>5735744.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5665693.70000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.94400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CREDIT AGRICOL 4.51 10/25</name>
        <lei>N/A</lei>
        <title>CREDIT AGRICOL 4.51 10/25</title>
        <cusip>22536HXV6</cusip>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19998424.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.51000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
        <lei>549300CFP9NBBMZH1008</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-NXS6</title>
        <cusip>95000KBB0</cusip>
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          <isin value="US95000KBB08"/>
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        <balance>2390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2320884.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Romark CLO Ltd</name>
        <lei>N/A</lei>
        <title>Romark WM-R Ltd</title>
        <cusip>77587AAC0</cusip>
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          <isin value="US77587AAC09"/>
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        <balance>6220700.38000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-20</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>Quest Diagnostics Inc</title>
        <cusip>74834LBE9</cusip>
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          <isin value="US74834LBE92"/>
          <other otherDesc="SEDOL" value="BTCKM48"/>
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        <balance>7400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7432278.65000000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlas Static Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Atlas Static Senior Loan Fund I Ltd</title>
        <cusip>04942PAJ6</cusip>
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          <isin value="US04942PAJ66"/>
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        <balance>3523797.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3525630.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00610000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgag</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2017-C41</title>
        <cusip>95001ABC9</cusip>
        <identifiers>
          <isin value="US95001ABC99"/>
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        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>792958.08000000</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>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.21000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>635400UFTIJ9NEWTCB16</lei>
        <title>TRINITAS CLO IV LTD</title>
        <cusip>89640XBK1</cusip>
        <identifiers>
          <isin value="US89640XBK19"/>
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        <balance>1561027.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1562156.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.63108000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALEXANDRIA REAL ESTATE EQ</name>
        <lei>N/A</lei>
        <title>ALEXANDRIA REAL ESTATE EQ</title>
        <cusip>000000000</cusip>
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          <isin value="US01527LT214"/>
          <other otherDesc="INTERNAL" value="01527LT21"/>
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        <balance>17500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17493367.50000000</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>2025-06-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Fleet Financing LLC</name>
        <lei>N/A</lei>
        <title>Enterprise Fleet Financing 2023-1 LLC</title>
        <cusip>29375CAB5</cusip>
        <identifiers>
          <isin value="US29375CAB54"/>
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        <balance>2113948.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2120508.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Avis Budget Rental Car Funding</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
        <cusip>05377RGU2</cusip>
        <identifiers>
          <isin value="US05377RGU23"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20227204.00000000</valUSD>
        <pctVal>0.178516734264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.44000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KKR Financial CLO Ltd</name>
        <lei>549300PJRIGYUE3V5M12</lei>
        <title>KKR CLO 11 Ltd</title>
        <cusip>48250MAK3</cusip>
        <identifiers>
          <isin value="US48250MAK36"/>
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        <balance>285993.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286667.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.69771000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQUIFAX INC</name>
        <lei>5493004MCF8JDC86VS77</lei>
        <title>Equifax Inc</title>
        <cusip>294429AL9</cusip>
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          <isin value="US294429AL98"/>
          <other otherDesc="SEDOL" value="BDB2XJ5"/>
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        <balance>7600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7485200.10000000</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>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>COMM 2015-LC23 Mortgage Trust</title>
        <cusip>12636FBJ1</cusip>
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          <isin value="US12636FBJ12"/>
          <other otherDesc="SEDOL" value="BD0DKC1"/>
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        <balance>11580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11514139.91000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IBM CORP</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp</title>
        <cusip>459200KW0</cusip>
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          <isin value="US459200KW06"/>
          <other otherDesc="SEDOL" value="BQXTZG6"/>
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        <balance>37000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36962530.47000000</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>2026-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNCOR ENERGY INC.</name>
        <lei>N/A</lei>
        <title>SUNCOR ENERGY INC.</title>
        <cusip>86723AT51</cusip>
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          <isin value="US86723AT517"/>
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        <balance>100250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100173018.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UK CLEARING HOUSE LIMITED</name>
        <lei>213800O8SCO4XJGBU385</lei>
        <title>IRS USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="B8AATUXL9"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple Inc</title>
        <cusip>037833BY5</cusip>
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          <isin value="US037833BY53"/>
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        <balance>13150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13034541.82000000</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>2026-02-23</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust 2016-C3</title>
        <cusip>17325GAD8</cusip>
        <identifiers>
          <isin value="US17325GAD88"/>
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        <balance>5447000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Swedbank Sparbanken Svenge Ab</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TIAA CLO Ltd</name>
        <lei>5493000Q4E256SBMCY29</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOYOTA MOTOR CREDIT CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALIMENTATION COUCHE-TARD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ERP OPERATING LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-02</maturityDt>
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      <invstOrSec>
        <name>KEURIG DR PEPPER INC</name>
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        <name>PGIM AAA CLO ETF</name>
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        <name>UK CLEARING HOUSE LIMITED</name>
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        <name>HERSHEY COMPANY</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>ABN AMRO BANK NV</name>
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        <name>Wellfleet CLO Ltd</name>
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        <title>Wellfleet CLO X LTD</title>
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        <name>SHERWIN-WILLIAMS CO</name>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <name>Regatta XVI Funding Ltd.</name>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STARBUCKS CORP</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp</title>
        <cusip>855244BN8</cusip>
        <identifiers>
          <isin value="US855244BN88"/>
          <other otherDesc="SEDOL" value="BS491B6"/>
        </identifiers>
        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29977990.20000000</valUSD>
        <pctVal>0.264573042835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Trinitas CLO Ltd</name>
        <lei>549300T8V1JZG1WFK175</lei>
        <title>Trinitas CLO XI Ltd</title>
        <cusip>89641HBC3</cusip>
        <identifiers>
          <isin value="US89641HBC34"/>
        </identifiers>
        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49970085.00000000</valUSD>
        <pctVal>0.441014802893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.44610000</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>HPS Loan Management Ltd</name>
        <lei>N/A</lei>
        <title>HPS Loan Management 13-2018 Ltd</title>
        <cusip>40437LAN2</cusip>
        <identifiers>
          <isin value="US40437LAN29"/>
        </identifiers>
        <balance>16563915.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16583277.51000000</valUSD>
        <pctVal>0.146356982630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.38610000</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>BAYER CORP</name>
        <lei>N/A</lei>
        <title>BAYER CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="US07273LUF39"/>
          <other otherDesc="INTERNAL" value="07273LUF3"/>
        </identifiers>
        <balance>17500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17395395.50000000</valUSD>
        <pctVal>0.153524391997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VWCREDITINC</name>
        <lei>N/A</lei>
        <title>VWCREDITINC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="US91842JTG49"/>
          <other otherDesc="INTERNAL" value="91842JTG4"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9977988.00000000</valUSD>
        <pctVal>0.088061495414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>549300BRUAMTEA33B077</lei>
        <title>Voya CLO 2016-1 Ltd</title>
        <cusip>92915CAQ7</cusip>
        <identifiers>
          <isin value="US92915CAQ78"/>
        </identifiers>
        <balance>6622130.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6632067.56000000</valUSD>
        <pctVal>0.058531818942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.60108000</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>Park Avenue Institutional Advi</name>
        <lei>N/A</lei>
        <title>Park Avenue Institutional Advisers CLO Ltd 2018-1</title>
        <cusip>70016RAL9</cusip>
        <identifiers>
          <isin value="US70016RAL96"/>
        </identifiers>
        <balance>732896.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>732530.73000000</valUSD>
        <pctVal>0.006465005923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.53108000</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>CISCO SYSTEMS INC</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems Inc</title>
        <cusip>17275RBC5</cusip>
        <identifiers>
          <isin value="US17275RBC51"/>
          <other otherDesc="SEDOL" value="BYYLHV6"/>
        </identifiers>
        <balance>19573000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19375663.84000000</valUSD>
        <pctVal>0.171001401524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</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>PIONEER NATURAL RESOURCE</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>Pioneer Natural Resources Co</title>
        <cusip>723787AT4</cusip>
        <identifiers>
          <isin value="US723787AT45"/>
          <other otherDesc="SEDOL" value="BMXYHH8"/>
        </identifiers>
        <balance>21470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21020315.36000000</valUSD>
        <pctVal>0.185516399166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>PGIM ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
