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        <name>Federal National Mortgage Association</name>
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        <name>PacifiCorp</name>
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        <name>Small Business Origination Loan Trust DAC</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Ares XLIII CLO Ltd.</name>
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        <name>Neuberger Berman Loan Advisers CLO 31 Ltd.</name>
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        <name>N/A</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>Vodafone Group plc</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>OZLM XXIV Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Morgan Stanley</name>
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        <name>Prologis LP</name>
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      <invstOrSec>
        <name>Navient Private Education Refi Loan Trust</name>
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        <name>Enbridge, Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Impac CMB Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Deephaven Residential Mortgage Trust</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>Ingersoll Rand, Inc.</name>
        <lei>5299004C02FMZCUOIR50</lei>
        <title>Ingersoll Rand, Inc.</title>
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        <name>Eastman Chemical Co.</name>
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        <name>Weyerhaeuser Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Battalion CLO VIII Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <name>BLP Commercial Mortgage Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>DTE Energy Co.</name>
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        <title>DTE Energy Co.</title>
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        <name>JPMCC Commercial Mortgage Securities Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Pfizer, Inc.</name>
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        <name>KKR CLO 28 Ltd.</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>Silver Point CLO 1 Ltd.</name>
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        <name>Eaton Corp.</name>
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        <title>Eaton Corp.</title>
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        <name>United States of America</name>
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        <name>College Avenue Student Loans LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>COAST Commercial Mortgage Trust</name>
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        <name>State of California</name>
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        <name>Natixis Commercial Mortgage Securities Trust</name>
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        <name>Pierpont BTL plc</name>
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        <name>Expand Energy Corp.</name>
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        <name>TransCanada PipeLines Ltd.</name>
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        <name>Medtronic Global Holdings SCA</name>
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        <name>Virginia Electric &amp; Power Co.</name>
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        <name>Pacific Gas &amp; Electric Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>MPLX LP</name>
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        <name>Marriott International, Inc.</name>
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        <title>Marriott International, Inc.</title>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>AerCap Ireland Capital DAC</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AerCap Ireland Capital DAC</title>
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        <invCountry>IE</invCountry>
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        <name>EQT Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Arbor Multifamily Mortgage Securities Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Ford Motor Credit Co. LLC</name>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XXIX Ltd.</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US67097SAN18"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="883456"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UBS</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138Y9BM9</cusip>
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          <isin value="US3138Y9BM95"/>
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        <valUSD>359600.91000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer, Inc.</title>
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          <isin value="US717081FF58"/>
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        <balance>297000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294034.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>213800J27YESIODUZS34</lei>
        <title>OCP CLO Ltd., Series 2025-46A, Class D1</title>
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          <isin value="US671023AG45"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242334.18000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Signal Peak CLO 11 Ltd.</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 11 Ltd., Series 2024-11A, Class A1</title>
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          <isin value="US82666XAA81"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>630418.01000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.11763040</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810RX8</cusip>
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          <isin value="US912810RX81"/>
          <other otherDesc="Inhouse Asset ID" value="912810RX8"/>
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        <balance>8476200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6299538.29000000</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>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
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          <isin value="US931142EZ26"/>
          <other otherDesc="Inhouse Asset ID" value="931142EZ2"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288838.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
        <cusip>00774MBQ7</cusip>
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          <isin value="US00774MBQ78"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>590607.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hess Corp.</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>Hess Corp.</title>
        <cusip>023551AJ3</cusip>
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          <isin value="US023551AJ38"/>
          <other otherDesc="Inhouse Asset ID" value="023551AJ3"/>
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        <balance>722000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>815922.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLP Capital LP</name>
        <lei>2549005PXW31DRW8EC44</lei>
        <title>GLP Capital LP</title>
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          <isin value="US361841AL38"/>
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        <balance>113000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113980.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179WG44</cusip>
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          <isin value="US36179WG449"/>
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        <balance>6903959.97900000</balance>
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        <curCd>USD</curCd>
        <valUSD>6169112.21000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
        <lei>YH65D4JBECK76IFEJ279</lei>
        <title>PECO Energy Co.</title>
        <cusip>693304AV9</cusip>
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          <isin value="US693304AV99"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74712.53000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>Signal Peak CLO 12 Ltd.</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 12 Ltd., Series 2022-12A, Class A1R</title>
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          <isin value="US82671XAQ60"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06763000</annualizedRt>
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      <invstOrSec>
        <name>CENT</name>
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        <title>CENT, Series 2025-CITY, Class A</title>
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          <isin value="US12517TAA51"/>
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        <balance>1160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1168318.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
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          <isin value="US29379VCK70"/>
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        <balance>138000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138225.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36202FVH6</cusip>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Cousins Properties LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Walmart, Inc.</name>
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        <name>Alphabet, Inc.</name>
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        <name>AGL CLO 24 Ltd.</name>
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        <name>DBC Mortgage Trust</name>
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        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <name>TAGUS - Sociedade de Titularizacao de Creditos SA</name>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
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        <name>ORL Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>United Mexican States</name>
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        <title>United Mexican States</title>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
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        <title>HSBC Holdings plc</title>
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        <name>RTX Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <title>Amazon.com, Inc.</title>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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        <name>Eaton Corp.</name>
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        <title>Eaton Corp.</title>
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        <name>Vodafone Group plc</name>
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        <title>Vodafone Group plc</title>
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        <invCountry>GB</invCountry>
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        <name>Union Electric Co.</name>
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        <title>Union Electric Co.</title>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust, Series 2026-HYB1, Class A1A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Transcontinental Gas Pipe Line Co. LLC</name>
        <lei>N/A</lei>
        <title>Transcontinental Gas Pipe Line Co. LLC</title>
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        <balance>112000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95945.26000000</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>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp.</title>
        <cusip>14448CAR5</cusip>
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          <isin value="US14448CAR51"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78770.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37700000</annualizedRt>
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      <invstOrSec>
        <name>Neuberger Berman CLO XVII Ltd.</name>
        <lei>549300XVEYZNG956Y145</lei>
        <title>Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class AR3</title>
        <cusip>64129UCC7</cusip>
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          <isin value="US64129UCC71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250140.85000000</valUSD>
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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>2038-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06919960</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
        <cusip>026874DX2</cusip>
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          <isin value="US026874DX22"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101997.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XFGS4</cusip>
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          <isin value="US3140XFGS43"/>
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        <balance>2701199.94970000</balance>
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        <curCd>USD</curCd>
        <valUSD>2325791.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179XNA0</cusip>
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          <isin value="US36179XNA09"/>
          <other otherDesc="Inhouse Asset ID" value="36179XNA0"/>
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        <balance>457304.34150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394115.58000000</valUSD>
        <pctVal>0.011483971400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Post CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Post CLO Ltd., Series 2023-1A, Class BR</title>
        <cusip>73743CAQ5</cusip>
        <identifiers>
          <isin value="US73743CAQ50"/>
          <other otherDesc="Inhouse Asset ID" value="73743CAQ5"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360223.56000000</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>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36762880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Anchorage Capital CLO 34 Ltd.</name>
        <lei>N/A</lei>
        <title>Anchorage Capital CLO 34 Ltd., Series 2025-34A, Class A1</title>
        <cusip>03332UAA4</cusip>
        <identifiers>
          <isin value="US03332UAA43"/>
          <other otherDesc="Inhouse Asset ID" value="03332UAA4"/>
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        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>719770.18000000</valUSD>
        <pctVal>0.020973086530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.94331120</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>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
        <cusip>22822VAH4</cusip>
        <identifiers>
          <isin value="US22822VAH42"/>
          <other otherDesc="Inhouse Asset ID" value="22822VAH4"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138324.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2022-LBA6, Class D</title>
        <cusip>12433EAL5</cusip>
        <identifiers>
          <isin value="US12433EAL56"/>
          <other otherDesc="Inhouse Asset ID" value="12433EAL5"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529668.75000000</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>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67250920</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp.</title>
        <cusip>87612EBF2</cusip>
        <identifiers>
          <isin value="US87612EBF25"/>
          <other otherDesc="Inhouse Asset ID" value="87612EBF2"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75186.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fortuna Consumer Loan ABS DAC</name>
        <lei>635400WJJIABFKEPEL72</lei>
        <title>Fortuna Consumer Loan ABS DAC, Series 2024-2, Class C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2887887748"/>
          <other otherDesc="Inhouse Asset ID" value="BYD8DPY64"/>
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        <balance>146665.41000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-18</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM1, Class A1</title>
        <cusip>617932AA6</cusip>
        <identifiers>
          <isin value="US617932AA69"/>
          <other otherDesc="Inhouse Asset ID" value="617932AA6"/>
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        <balance>4502267.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4541571.66000000</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>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>AIMCO CLO</name>
        <lei>N/A</lei>
        <title>AIMCO CLO, Series 2018-AA, Class AR</title>
        <cusip>00900GAN5</cusip>
        <identifiers>
          <isin value="US00900GAN51"/>
          <other otherDesc="Inhouse Asset ID" value="00900GAN5"/>
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        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630222.14000000</valUSD>
        <pctVal>0.018363783111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97763000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133KPKT4</cusip>
        <identifiers>
          <isin value="US3133KPKT48"/>
          <other otherDesc="Inhouse Asset ID" value="3133KPKT4"/>
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        <balance>2356947.59010000</balance>
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        <curCd>USD</curCd>
        <valUSD>2284244.95000000</valUSD>
        <pctVal>0.066559671857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Dryden 85 CLO Ltd.</name>
        <lei>549300XS2BVK8BZTXN05</lei>
        <title>Dryden 85 CLO Ltd., Series 2020-85A, Class A1LN</title>
        <cusip>26246BBG8</cusip>
        <identifiers>
          <isin value="US26246BBG86"/>
          <other otherDesc="Inhouse Asset ID" value="26246BBG8"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361062.00000000</valUSD>
        <pctVal>0.010520836760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.05218960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
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        <title>Extra Space Storage LP</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAY Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US072925AA82"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>Charter Communications Operating LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Storage Operating Co.</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage Operating Co.</title>
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          <isin value="US74460WAE75"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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      <invstOrSec>
        <name>Thermo Fisher Scientific, Inc.</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific, Inc.</title>
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          <isin value="US883556DH21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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          <isin value="US084659AR23"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-04</maturityDt>
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      <invstOrSec>
        <name>Asset-Backed European Securitisation Transaction Twenty-Three SARL</name>
        <lei>213800WQKYRCMTF4FR47</lei>
        <title>Asset-Backed European Securitisation Transaction Twenty-Three SARL, Series 23, Class D</title>
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          <isin value="XS2913183989"/>
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        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas &amp; Electric Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.10000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36180DSX6</cusip>
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          <isin value="US36180DSX65"/>
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        <balance>108762.68000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2010H</title>
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        <balance>320000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
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        <name>Government National Mortgage Association</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>NNN REIT, Inc.</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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      <invstOrSec>
        <name>Rogers Communications, Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications, Inc.</title>
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          <isin value="US775109CG49"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 54 Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US48256VAA98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tucson Electric Power Co.</name>
        <lei>YLF139GXSRKPBBTNZL03</lei>
        <title>Tucson Electric Power Co.</title>
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          <isin value="US898813AV23"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Service Enterprise Group, Inc.</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>Public Service Enterprise Group, Inc.</title>
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          <isin value="US744573AX43"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <isin value="US38381JNH67"/>
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        <balance>279540.23970000</balance>
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        <curCd>USD</curCd>
        <valUSD>251898.38000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2020-PTA, Class B</title>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1379228.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Lakes CLO IX Ltd.</name>
        <lei>254900GD0BIHJ4BVAE98</lei>
        <title>Great Lakes CLO IX Ltd., Series 2025-9A, Class A1</title>
        <cusip>390922AC6</cusip>
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          <isin value="US390922AC63"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-15</maturityDt>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <balance>4064000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regatta XVII Funding Ltd.</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>250131.03000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140BL2S0</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Symphony CLO 38 Ltd.</name>
        <lei>254900T60KIPND298026</lei>
        <title>Symphony CLO 38 Ltd., Series 2023-38A, Class BR</title>
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          <isin value="US87169NAZ69"/>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WPP Finance 2013</name>
        <lei>549300L84EKSLWWPGI24</lei>
        <title>WPP Finance 2013</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AEP Texas, Inc.</name>
        <lei>5493001L78U618KXNZ75</lei>
        <title>AEP Texas, Inc., Series E</title>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2021-B23, Class XA</title>
        <cusip>08162RAF4</cusip>
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          <isin value="US08162RAF47"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.25433360</annualizedRt>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
        <cusip>666807CJ9</cusip>
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          <isin value="US666807CJ91"/>
          <other otherDesc="Inhouse Asset ID" value="666807CJ9"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88572.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
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          <isin value="IT0005654584"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US07337DAE04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Co.</name>
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        <title>General Motors Co.</title>
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          <isin value="US37045VBB53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
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          <isin value="US594918BE30"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Golub Capital Partners CLO 43B Ltd.</name>
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          <isin value="US38180PAA49"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36179TV519"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-20</maturityDt>
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      <invstOrSec>
        <name>Anchorage Capital CLO 30 Ltd.</name>
        <lei>213800WBJC3SQNXZV879</lei>
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          <isin value="US03333CAA36"/>
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        <balance>590000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <title>Marsh &amp; McLennan Cos., Inc.</title>
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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>Dell International LLC</name>
        <lei>254900ZARLSVK41DKO78</lei>
        <title>Dell International LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3140HHWE13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc.</title>
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          <maturityDt>2055-11-15</maturityDt>
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        <name>ROCK Trust</name>
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        <invCountry>US</invCountry>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy, Series B</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-08-15</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association, Series 2025-129, Class AB</title>
        <cusip>38381MYE4</cusip>
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          <isin value="US38381MYE47"/>
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        <balance>281500.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279872.16000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EDP Servicios Financieros Espana SA</name>
        <lei>5299003GHAFB78O1NU77</lei>
        <title>EDP Servicios Financieros Espana SA</title>
        <cusip>N/A</cusip>
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          <isin value="XS3286252963"/>
          <other otherDesc="Inhouse Asset ID" value="BYDY18X51"/>
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        <balance>1220000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Constellation Brands, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Bain Capital Credit CLO Ltd.</name>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Apidos CLO XXXIX Ltd.</name>
        <lei>N/A</lei>
        <title>Apidos CLO XXXIX Ltd., Series 2022-39A, Class D1R</title>
        <cusip>03766HAW0</cusip>
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          <isin value="US03766HAW07"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>241594.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-21</maturityDt>
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      <invstOrSec>
        <name>RR 41 Ltd.</name>
        <lei>N/A</lei>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249736.65000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21418960</annualizedRt>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
        <lei>N/A</lei>
        <title>CIFC Funding Ltd., Series 2025-4A, Class C</title>
        <cusip>12575MAD3</cusip>
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          <isin value="US12575MAD39"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320029.92000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-24</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>UDR, Inc.</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR, Inc.</title>
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        <balance>153000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133KQDV5</cusip>
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        <balance>39469.04260000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.30000000</annualizedRt>
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        <name>CenterPoint Energy Houston Electric LLC</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CenterPoint Energy Houston Electric LLC</title>
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        <valUSD>102205.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818FE3</cusip>
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          <isin value="US907818FE31"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126838.99000000</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>2059-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>Chubb INA Holdings LLC</name>
        <lei>CZCBJZWDMLTHWJDXU843</lei>
        <title>Chubb INA Holdings LLC</title>
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        <balance>143000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120328.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>5493000QG193Z8ZVLY16</lei>
        <title>Rockford Tower CLO Ltd., Series 2021-1A, Class B</title>
        <cusip>77341KAE1</cusip>
        <identifiers>
          <isin value="US77341KAE10"/>
          <other otherDesc="Inhouse Asset ID" value="77341KAE1"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250299.15000000</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>2034-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57924040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American National Group, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Bank of America Merrill Lynch Commercial Mortgage Trust</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>AGL Core CLO 2 Ltd.</name>
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      <invstOrSec>
        <name>ACRES Commercial Realty Issuer LLC</name>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LCM 32 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Elmwood CLO II Ltd.</name>
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      <invstOrSec>
        <name>Diameter Capital CLO 13 Ltd.</name>
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        <name>Florida Power &amp; Light Co.</name>
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        <name>Rand</name>
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        <name>Sandstone Peak IV Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Exelon Corp.</name>
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        <title>Exelon Corp.</title>
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        <name>GSAT Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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      <invstOrSec>
        <name>QTS Issuer ABS II LLC</name>
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        <balance>539000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527798.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
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        <name>DTE Electric Co.</name>
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        <name>Consolidated Communications LLC</name>
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        <name>Plains All American Pipeline LP</name>
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        <name>Realty Income Corp.</name>
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        <name>Eversource Energy</name>
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        <name>EQT Corp.</name>
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        <name>Alphabet, Inc.</name>
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        <name>Kentucky Utilities Co.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Otis Worldwide Corp.</name>
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        <name>MSCI, Inc.</name>
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        <name>Elevance Health, Inc.</name>
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        <name>NSTAR Electric Co.</name>
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      <invstOrSec>
        <name>Baltimore Gas &amp; Electric Co.</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Brenntag Finance BV</name>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Elmwood CLO III Ltd.</name>
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        <name>AstraZeneca plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Cedar Funding XI CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <name>Crown Castle, Inc.</name>
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        <name>Comcast Corp.</name>
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        <title>Comcast Corp.</title>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>Goldman Sachs</counterpartyName>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
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        <title>Canadian Imperial Bank of Commerce</title>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-03</maturityDt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810RD28"/>
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        <balance>12067000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10455867.01000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
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          <isin value="US22822VBD29"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225209.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2019-C49, Class B</title>
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          <isin value="US95001WBF41"/>
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        <balance>1688000.00000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3132DM7D19"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOP</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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          <isin value="US375558BT99"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CRSO Trust</name>
        <lei>N/A</lei>
        <title>CRSO Trust</title>
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          <isin value="US228925AA15"/>
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        <balance>458170.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471635.71000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-10</maturityDt>
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          <annualizedRt>7.12000000</annualizedRt>
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      <invstOrSec>
        <name>PLYM Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PLYM Commercial Mortgage Trust, Series 2026-IND, Class D</title>
        <cusip>69292BAG2</cusip>
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          <isin value="US69292BAG23"/>
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        <balance>436000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>431658.88000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Gartner, Inc.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
        <title>Gartner, Inc.</title>
        <cusip>366651AE7</cusip>
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          <isin value="US366651AE76"/>
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        <balance>214000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194587.66000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138XTT88</cusip>
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          <isin value="US3138XTT887"/>
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        <balance>48959.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47875.18000000</valUSD>
        <pctVal>0.001395015132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Exxon Mobil Corp.</name>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>ONEOK Partners LP</name>
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        <title>ONEOK Partners LP</title>
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      <invstOrSec>
        <name>Olympic Tower Mortgage Trust</name>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SC Germany SA Compartment Consumer</name>
        <lei>N/A</lei>
        <title>SC Germany SA Compartment Consumer, Series 2025-2, Class D</title>
        <cusip>N/A</cusip>
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          <isin value="XS3215425060"/>
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        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DH Europe Finance II SARL</name>
        <lei>222100KDGL314CKTZ511</lei>
        <title>DH Europe Finance II SARL</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anchorage Capital CLO 32 Ltd.</name>
        <lei>63670045P01T5CDEDN27</lei>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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      <invstOrSec>
        <name>Elmwood CLO I Ltd.</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>BX Trust</name>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140JAQQ4</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
        <lei>549300I8OP7Y4MO3JF74</lei>
        <title>Barings CLO Ltd., Series 2018-2A, Class B1AR</title>
        <cusip>06760JAU9</cusip>
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        <balance>1840000.00000000</balance>
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        <valUSD>1838785.60000000</valUSD>
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      <invstOrSec>
        <name>Intel Corp.</name>
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        <name>Golub Capital Partners CLO 19B-R3 Ltd.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>American Water Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <title>SOP</title>
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        <name>Comcast Corp.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sierra Pacific Power Co.</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Zimmer Biomet Holdings, Inc.</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
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        <name>Madison Park Funding LXXIII Ltd.</name>
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      <invstOrSec>
        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <balance>544000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Federal National Mortgage Association</name>
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        <name>Southwestern Public Service Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Energy Transfer LP</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>J M Smucker Co. (The)</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Dell International LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PPL Electric Utilities Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
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      <invstOrSec>
        <name>NatWest Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
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      <invstOrSec>
        <name>L3Harris Technologies, Inc.</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3Harris Technologies, Inc.</title>
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        <balance>165000.00000000</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>2033-07-31</maturityDt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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          <isin value="US37045XEQ51"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489270.70000000</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>2027-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XGVN6</cusip>
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        <balance>582755.94480000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
        <lei>213800J27YESIODUZS34</lei>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>349567.16000000</valUSD>
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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>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>ALA Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
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        <name>Whetstone Park CLO Ltd.</name>
        <lei>549300M54M5QSBMB3780</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-30</maturityDt>
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        <name>Consolidated Communications LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
        <cusip>37045VAQ3</cusip>
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        <balance>39000.00000000</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>
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        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>Kinder Morgan Energy Partners LP</title>
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        <balance>143000.00000000</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>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Finance, Inc.</name>
        <lei>5493000EYEKDT0FBSQ91</lei>
        <title>Anheuser-Busch InBev Finance, Inc.</title>
        <cusip>035242AM8</cusip>
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        <balance>356000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346734.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SG Residential Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VB-S1 Issuer LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
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        <title>Johnson &amp; Johnson</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Suzano Austria GmbH</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Estee Lauder Cos., Inc. (The)</name>
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        <title>Estee Lauder Cos., Inc. (The)</title>
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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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AIMCO CLO 11 Ltd.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDSCMBX</title>
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                <indexName>Markit CMBX North American BBB- 9</indexName>
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      <invstOrSec>
        <name>Regatta 32 Funding Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY Mortgage Trust, Series 2013-1515, Class E</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179NBB3</cusip>
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          <isin value="US36179NBB38"/>
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        <balance>420781.94000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398768.72000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CSX Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Alabama Power Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>N/A</name>
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        <name>Boston Properties LP</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>Truist Financial Corp.</name>
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        <name>Park Blue CLO Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Trinitas CLO XIV Ltd.</name>
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        <name>ELM Trust</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2025-BCAT, Class A</title>
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          <isin value="US12433HAA23"/>
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        <balance>796334.70000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <balance>19108.26830000</balance>
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        <curCd>USD</curCd>
        <valUSD>18792.84000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
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        <balance>588000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810TQ13"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
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          <isin value="US871829BL07"/>
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        <balance>246000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255497.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XFM40</cusip>
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          <isin value="US3140XFM408"/>
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        <balance>2888515.60950000</balance>
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        <curCd>USD</curCd>
        <valUSD>2494324.51000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SCG Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SCG Mortgage Trust, Series 2024-MSP, Class A</title>
        <cusip>78436EAA7</cusip>
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          <isin value="US78436EAA73"/>
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        <balance>571000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570999.60000000</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>2041-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.41351080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The)</title>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59700.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
        <cusip>3128MFCX4</cusip>
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          <isin value="US3128MFCX49"/>
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        <balance>281238.09940000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA Corp.</title>
        <cusip>482480AM2</cusip>
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        <balance>117000.00000000</balance>
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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>Regatta 35 Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta 35 Funding Ltd., Series 2025-5A, Class A1</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-27</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>OHA Credit Partners XVI</name>
        <lei>N/A</lei>
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        <balance>1160000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2016-NINE, Class B</title>
        <cusip>46646GAE7</cusip>
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          <isin value="US46646GAE70"/>
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        <balance>644000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CNA Financial Corp.</name>
        <lei>549300YX2GSZD7YG1R84</lei>
        <title>CNA Financial Corp.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XHXB8</cusip>
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          <isin value="US3140XHXB80"/>
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        <balance>1031508.05660000</balance>
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        <valUSD>1029379.17000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Colgate-Palmolive Co.</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>Colgate-Palmolive Co.</title>
        <cusip>19416QEK2</cusip>
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        <balance>453000.00000000</balance>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Broadcom, Inc.</name>
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        <name>BlueMountain CLO XXV Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Lubrizol Corp. (The)</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <title>Hewlett Packard Enterprise Co.</title>
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        <name>BARC</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <name>CIFC Funding Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Phillips 66 Co.</name>
        <lei>RVJMT2IZVVSKIRJJBH76</lei>
        <title>Phillips 66 Co.</title>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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          <isin value="IT0005650491"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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        <name>GGP</name>
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          <isin value="US373914AA87"/>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Apple, Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.20000000</annualizedRt>
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        <name>Baltimore Gas &amp; Electric Co.</name>
        <lei>88V8C2WYSOD1SPSSLH72</lei>
        <title>Baltimore Gas &amp; Electric Co.</title>
        <cusip>059165EH9</cusip>
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        <balance>134000.00000000</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>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Deutsche Bank AG</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Planet Fitness Master Issuer LLC</name>
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        <name>Energy Transfer LP</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Waste Connections, Inc.</name>
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        <name>Rio Tinto Finance USA plc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Diameter Capital CLO 8 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FTA Consumo Santander</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TCW CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NYMT Loan Trust</name>
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      <invstOrSec>
        <name>Golub Capital Private Credit Fund CLO 2</name>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Benefit Street Partners CLO 44 Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hathaway Finance Corp.</name>
        <lei>549300RLHFT5RU20WM87</lei>
        <title>Berkshire Hathaway Finance Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sage AR Funding</name>
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          <isin value="XS3296807467"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GE HealthCare Technologies, Inc.</name>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <name>OHA Credit Funding 3 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>ONNI Commerical Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Cross Mortgage Trust</name>
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      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust</name>
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      <invstOrSec>
        <name>OneMain Financial Issuance Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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      <invstOrSec>
        <name>Sysco Corp.</name>
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        <title>Sysco Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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      <invstOrSec>
        <name>Asset-Backed European Securitisation Transaction Twenty-Four Srl</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900Y4XCLF0D6VBG48</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flex Ltd.</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>Flex Ltd.</title>
        <cusip>33938XAA3</cusip>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flatiron CLO 21 Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <issuerConditional desc="Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Products Operating LLC</name>
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        <title>Enterprise Products Operating LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-17</maturityDt>
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      <invstOrSec>
        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102009.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO Ltd., Series 2018-1A, Class B</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pepsico Singapore Financing I Pte. Ltd.</name>
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        <title>Pepsico Singapore Financing I Pte. Ltd.</title>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>One New York Plaza Trust</name>
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        <curCd>USD</curCd>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Flowers Foods, Inc.</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
        <title>Flowers Foods, Inc.</title>
        <cusip>343498AE1</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81116.03000000</valUSD>
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        <debtSec>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>McDonald's Corp.</name>
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      <invstOrSec>
        <name>SLM Private Education Loan Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>BlueMountain Euro CLO DAC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>CSX Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
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          <isin value="XS3209577454"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US31418CS476"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM Trust</name>
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          <isin value="US74391EAA91"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Edenbrook Mortgage Funding plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOP</title>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XXIII Ltd.</name>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <curCd>USD</curCd>
        <valUSD>4334603.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UK Logistics DAC</name>
        <lei>635400LLQ82YFJBFFU27</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138EP4Z4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Vista Point Securitization Trust</name>
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        <name>Lendmark Funding Trust</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2021-A, Class C</title>
        <cusip>78448YAE1</cusip>
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          <isin value="US78448YAE14"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
        <cusip>31335BJX5</cusip>
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        <balance>379906.14000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358723.47000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967ME8</cusip>
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          <isin value="US172967ME81"/>
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        <balance>393000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>386657.11000000</valUSD>
        <pctVal>0.011266642118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-20</maturityDt>
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        <name>Federal National Mortgage Association</name>
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        <name>AIMCO CLO 18 Ltd.</name>
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        <name>Owens Corning</name>
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        <name>Healthcare Realty Holdings LP</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Crown Point CLO 11 Ltd.</name>
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        <name>Banco Santander SA</name>
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        <name>Carrier Global Corp.</name>
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        <name>Apidos CLO LV</name>
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        <name>VB-S1 Issuer LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>1988 CLO 2 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Pepsico Singapore Financing I Pte. Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Birch Grove CLO 2 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>Velocity plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sysco Corp.</name>
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          <isin value="US871829BN62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
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        <title>American Honda Finance Corp.</title>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
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        <title>Lowe's Cos., Inc.</title>
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        <balance>221000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regional Management Issuance Trust</name>
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        <balance>257000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>MFA Trust</name>
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        <balance>2101486.23000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2099167.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-08-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Canadian Natural Resources Ltd.</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>Canadian Natural Resources Ltd.</title>
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          <isin value="US136385AL51"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105178.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DBGS</name>
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        <balance>2630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2626712.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>OHA Credit Funding 5 Ltd.</name>
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        <curCd>USD</curCd>
        <valUSD>250243.75000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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      <invstOrSec>
        <name>LUX</name>
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          <isin value="US55067LAA52"/>
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        <balance>461953.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <balance>89697.66000000</balance>
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        <valUSD>87848.64000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Raymond James Financial, Inc.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>Raymond James Financial, Inc.</title>
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        <balance>128000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124652.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
        <cusip>31307NV50</cusip>
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          <isin value="US31307NV506"/>
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        <balance>18576.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18158.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>Atrium Hotel Portfolio Trust</name>
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        <name>United States of America</name>
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        <name>Abbott Laboratories</name>
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        <name>Asimi Funding plc</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Capital One Financial Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Citadel plc</name>
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        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>L3Harris Technologies, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Baht</name>
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        <name>Medtronic, Inc.</name>
        <lei>D56MRZY2INAN94ZONZ37</lei>
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        <name>IBM International Capital Pte. Ltd.</name>
        <lei>2549007KTXQQBYZO7485</lei>
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        <name>Dryden 98 CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>OCP CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <name>Markel Group, Inc.</name>
        <lei>549300SCNO12JLWIK605</lei>
        <title>Markel Group, Inc.</title>
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        <name>BWAY Trust</name>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc.</title>
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        <name>New Zealand Dollar</name>
        <lei>N/A</lei>
        <title>New Zealand Dollar</title>
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        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Blue Owl Finance LLC</name>
        <lei>254900OF2NO2GYFV5T41</lei>
        <title>Blue Owl Finance LLC</title>
        <cusip>09581JAT3</cusip>
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        <name>BMS Ireland Capital Funding DAC</name>
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        <name>RTX Corp.</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>Triton Container International Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <name>General Dynamics Corp.</name>
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        <name>L3Harris Technologies, Inc.</name>
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        <name>Atrium Hotel Portfolio Trust</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>Coterra Energy, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>AREIT</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Golden Ray SA-Compartment 1</name>
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        <invCountry>LU</invCountry>
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        <name>Dowson plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Commonwealth Edison Co.</name>
        <lei>D8YOXB8L2ZDC8P7Q0771</lei>
        <title>Commonwealth Edison Co.</title>
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        <name>Boston Properties LP</name>
        <lei>BVHHEFJI6SHNOKQT2572</lei>
        <title>Boston Properties LP</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>Virginia Electric &amp; Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
        <title>Virginia Electric &amp; Power Co.</title>
        <cusip>927804GM0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Baxter International, Inc.</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International, Inc.</title>
        <cusip>071813CB3</cusip>
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        <curCd>USD</curCd>
        <valUSD>87848.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.73000000</annualizedRt>
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      <invstOrSec>
        <name>Markel Group, Inc.</name>
        <lei>549300SCNO12JLWIK605</lei>
        <title>Markel Group, Inc.</title>
        <cusip>570535AY0</cusip>
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        <name>GS Finance Corp.</name>
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        <name>AppLovin Corp.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>Alphabet, Inc.</name>
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        <name>QTS Issuer ABS II LLC</name>
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        <name>Blue Owl Finance LLC</name>
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        <name>Transcontinental Gas Pipe Line Co. LLC</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Mosaic Co. (The)</name>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Anchorage Capital CLO 17 Ltd.</name>
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        <name>Newday Funding Master Issuer plc</name>
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        <name>Benefit Street Partners CLO XXVI Ltd.</name>
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        <name>Salesforce, Inc.</name>
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        <name>ARES Loan Funding III Ltd.</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>State Street Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>John Deere Capital Corp.</name>
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        <title>John Deere Capital Corp.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
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      <invstOrSec>
        <name>Air Products &amp; Chemicals, Inc.</name>
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        <name>Trane Technologies Financing Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
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          <isin value="US17328QAN16"/>
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        <name>Prodigy Finance DAC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arbor Realty Commercial Real Estate Notes LLC</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kenvue, Inc.</name>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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      <invstOrSec>
        <name>CubeSmart LP</name>
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        <title>CubeSmart LP</title>
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        <name>Biogen, Inc.</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen, Inc.</title>
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        <name>Regatta XVIII Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta XVIII Funding Ltd., Series 2021-1A, Class A1R</title>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BBAM US CLO I Ltd.</name>
        <lei>549300LRECI1GZTZLF38</lei>
        <title>BBAM US CLO I Ltd., Series 2022-1A, Class AR</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <valUSD>179806.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>AREIT LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
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        <title>Expand Energy Corp.</title>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp.</title>
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      <invstOrSec>
        <name>Swedish Krona</name>
        <lei>N/A</lei>
        <title>Swedish Krona</title>
        <cusip>N/A</cusip>
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          <other otherDesc="ISO Currency code" value="SEK"/>
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        <descOthUnits>Currencies</descOthUnits>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138AEY49</cusip>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Freeport-McMoRan, Inc.</name>
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        <title>Freeport-McMoRan, Inc.</title>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
        <valUSD>-128589.56000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Cenovus Energy, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>Sage AR Funding</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Simon Property Group LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EOG Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SC Austria SARL</name>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asimi Funding plc</name>
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      <invstOrSec>
        <name>Aon Corp.</name>
        <lei>LTS3U8DGK38SETRUWX71</lei>
        <title>Aon Corp.</title>
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        <name>Welltower OP LLC</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Cross Mortgage Trust</name>
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        <name>Barclays Mortgage Loan Trust</name>
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        <name>Verisk Analytics, Inc.</name>
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      <invstOrSec>
        <name>280 Park Avenue Mortgage Trust</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>EUR Currency</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO XVIII Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nippon Life Insurance Co.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Caterpillar, Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
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      <invstOrSec>
        <name>CSTL Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>CIM Trust</name>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
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      <invstOrSec>
        <name>Molson Coors Beverage Co.</name>
        <lei>54930073LBBH6ZCBE225</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138WEBP3</cusip>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>2549003MM0537Y3QHI22</lei>
        <title>Angel Oak Mortgage Trust, Series 2024-1, Class A1</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Bank of America Corp.</name>
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        <name>Amgen, Inc.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Quest Diagnostics, Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Nelnet Student Loan Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Broadcom, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>WPP Finance 2013</name>
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        <name>Turquoise V Trust</name>
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        <invCountry>AU</invCountry>
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        <name>Toyota Motor Corp.</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp.</title>
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        <invCountry>JP</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bank of Nova Scotia (The)</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>College Avenue Student Loans LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
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      <invstOrSec>
        <name>American Water Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Willis North America, Inc.</name>
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      <invstOrSec>
        <name>Atlas Funding plc</name>
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        <name>Owl Rock CLO III Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>N/A</name>
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        <name>SG Residential Mortgage Trust</name>
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        <name>Ellington Financial Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares Capital Corp.</name>
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        <title>Ares Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pony SA</name>
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          <isin value="XS2845211379"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Affirm Master Trust</name>
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          <isin value="US00833BAU26"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IVY Hill Middle Market Credit Fund XVIII Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QNEL2</cusip>
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          <isin value="US3140QNEL25"/>
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      <invstOrSec>
        <name>Oaktree CLO Ltd.</name>
        <lei>254900UVA9JUCC0JI897</lei>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
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        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Variable Rate Notes, Series 2025-2, Class FG</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-11</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euro-Buxl</title>
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        <name>Moody's Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Lagarino European Loan Conduit No. 40 DAC</name>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortuna Consumer Loan ABS DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ventas Realty LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Variable Rate Notes, Series 2023-68, Class FB</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alabama Power Co.</name>
        <lei>0RL818ELFOHP5JHOFU19</lei>
        <title>Alabama Power Co.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital Four US CLO II Ltd.</name>
        <lei>2138009KMDCX6G3MTA10</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitebox CLO III Ltd.</name>
        <lei>549300JXCQSPB1A61C68</lei>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAIF Securitization Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd.</name>
        <lei>5493000CAZ8VWJGUOH13</lei>
        <title>Palmer Square CLO Ltd., Series 2022-3A, Class A1R</title>
        <cusip>69690AAS6</cusip>
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          <isin value="US69690AAS69"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Lendmark Funding Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
        <title>Pfizer Investment Enterprises Pte. Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-05-19</maturityDt>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
        <cusip>92343VGP3</cusip>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trust 2401</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cross Mortgage Trust</name>
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          <isin value="US22757WAA62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
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      <invstOrSec>
        <name>City of San Antonio Electric &amp; Gas Systems</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>N/A</name>
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        <name>THPT Mortgage Trust</name>
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        <name>CIFC Funding Ltd.</name>
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      <invstOrSec>
        <name>245 Park Avenue Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>KKR Financial CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Park Blue CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Turkish Lira</name>
        <lei>N/A</lei>
        <title>New Turkish Lira</title>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>549300GGUAM1ZV2SKK63</lei>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
        <lei>549300X1SKS4LNS5LQ62</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FS Rialto Issuer LLC</name>
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        <title>FS Rialto Issuer LLC, Series 2024-FL9, Class A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800CZKHCTHKMD9W65</lei>
        <title>New Residential Mortgage Loan Trust, Series 2025-NQM1, Class M1</title>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Brignole Co.</name>
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        <name>International Paper Co.</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>International Paper Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US05608EAA29"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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        <name>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA</title>
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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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133KYWN5</cusip>
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        <balance>418099.10000000</balance>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Mortimer 2024-Mix plc</name>
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        <name>Synopsys, Inc.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Braccan Mortgage Funding plc</name>
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        <name>Elevance Health, Inc.</name>
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      <invstOrSec>
        <name>AREIT Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Waste Management, Inc.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3140XFGW54"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG</title>
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          <isin value="US902674ZW39"/>
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        <balance>203000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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          <isin value="US03465LAC90"/>
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        <balance>259409.66000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252212.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Citadel plc</name>
        <lei>213800XKX6NBEB5W9Z43</lei>
        <title>Citadel plc, Series 2024-1, Class D</title>
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          <isin value="XS2913062092"/>
          <other otherDesc="Inhouse Asset ID" value="BYDA7S810"/>
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        <balance>109000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-04-28</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co.</title>
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          <isin value="US42824CAY57"/>
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        <balance>122000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121803.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coca-Cola Co. (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>Coca-Cola Co. (The)</title>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130280.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Australia 3-Year Bond</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="YMM620261"/>
          <other otherDesc="Future Ticker" value="YMM6 Comdty"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Piedmont Operating Partnership LP</name>
        <lei>549300WKGDPAS39FBD10</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810QW18"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CJZ59"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36180KJT9</cusip>
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          <isin value="US36180KJT97"/>
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        <balance>129639.82000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121856.27000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
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          <isin value="US14913UBH23"/>
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        <balance>117000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HSBC USA, Inc.</name>
        <lei>549300LBOHZ4QSIWU288</lei>
        <title>HSBC USA, Inc.</title>
        <cusip>40428HR95</cusip>
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        <balance>237000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238475.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QRWZ2</cusip>
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        <name>Coca-Cola Co. (The)</name>
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      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Verus Securitization Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Sofi Consumer Loan Program Trust</name>
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        <name>Taurus UK DAC</name>
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        <name>KKR CLO 48 Ltd.</name>
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        <name>East One plc</name>
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        <name>Chubb INA Holdings LLC</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Corebridge Financial, Inc.</name>
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        <title>Corebridge Financial, Inc.</title>
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        <name>SG Commercial Mortgage Securities Trust</name>
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        <name>BFLD Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp. Variable Rate Notes, Series 5500, Class DF</title>
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        <name>Constellation Brands, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>London Cards No3 plc</name>
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        <name>Huntington Bank Auto Credit-Linked Notes</name>
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        <name>Citigroup, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>FNB Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Oak Hill Credit Partners X-R Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Dow Chemical Co. (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>American Honda Finance Corp.</name>
        <lei>B6Q2VFHD1797Q7NZ3E43</lei>
        <title>American Honda Finance Corp.</title>
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          <isin value="US02665WFX48"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99957.54000000</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>2028-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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      <invstOrSec>
        <name>Dwight Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US233636AA72"/>
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        <curCd>USD</curCd>
        <valUSD>126885.81000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34156120</annualizedRt>
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      <invstOrSec>
        <name>BRCK Trust</name>
        <lei>N/A</lei>
        <title>BRCK Trust, Series 2025-830B, Class A</title>
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          <isin value="US10635AAA79"/>
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        <balance>1109000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1097995.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Archer-Daniels-Midland Co.</name>
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        <title>Archer-Daniels-Midland Co.</title>
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          <isin value="US039483BH46"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82645.87000000</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>2043-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.01600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SG Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SG Residential Mortgage Trust, Series 2026-2, Class A1</title>
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          <isin value="US78438NAC11"/>
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        <balance>4736378.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4732016.04000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25099960</annualizedRt>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248874.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>MLTI Trust</name>
        <lei>N/A</lei>
        <title>MLTI Trust, Series 2026-SF75, Class A</title>
        <cusip>55318JAA7</cusip>
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          <isin value="US55318JAA79"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825850.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SZ2</cusip>
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          <isin value="US912810SZ21"/>
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        <balance>4760000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36200M2Y81"/>
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        <balance>578.50000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIGRE Trust</name>
        <lei>N/A</lei>
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          <isin value="US31684VAC37"/>
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        <balance>5527170.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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        <balance>141000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern California Gas Co.</name>
        <lei>XY0N0J73VHV5F4CUJV89</lei>
        <title>Southern California Gas Co.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
        <cusip>3132Y4AU6</cusip>
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        <balance>1951687.76100000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773DG2</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100015.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-28</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140NBHP9</cusip>
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        <balance>33054.25840000</balance>
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        <curCd>USD</curCd>
        <valUSD>34172.72000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 51 Ltd.</name>
        <lei>549300E2R8NH2QE50368</lei>
        <title>Neuberger Berman Loan Advisers CLO 51 Ltd., Series 2022-51A, Class D1R2</title>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>Panorama Auto Trust</name>
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        <name>Republic of Indonesia</name>
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        <name>Golub Capital Partners CLO 78M</name>
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        <name>Novartis Capital Corp.</name>
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        <name>Enbridge Energy Partners LP</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Cross Mortgage Trust</name>
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        <name>Consumers Energy Co.</name>
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        <name>Gartner, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>General Motors Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>RTX Corp.</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Intesa Sanpaolo SpA</name>
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        <name>Sempra</name>
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        <name>Welltower OP LLC</name>
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        <name>Anchorage Capital CLO 7 Ltd.</name>
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        <name>Avoca CLO XVIII DAC</name>
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        <name>Canyon CLO Ltd.</name>
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        <name>LoanCore 2025 Issuer LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Entergy Arkansas LLC</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>HSBC Holdings plc</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>PRM5 Trust</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <name>Anchorage Capital CLO 7 Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <name>1211 Avenue of the Americas Trust</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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        <name>Golub Capital Partners 48 LP</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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        <name>AutoNoria Spain FT</name>
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      <invstOrSec>
        <name>Aptiv Swiss Holdings Ltd.</name>
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        <name>Symphony CLO XIX Ltd.</name>
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        <name>Elmwood CLO X Ltd.</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Golub Capital Partners CLO 44M Ltd.</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>MPLX LP</name>
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        <name>Amgen, Inc.</name>
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        <name>United States of America</name>
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        <name>Nucor Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661AK3</cusip>
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        <balance>282000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>Federal National Mortgage Association</name>
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        <name>HP, Inc.</name>
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        <name>Prologis LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>VICI Properties LP</name>
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        <name>SLG Office Trust</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>FedEx Corp.</name>
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        <title>FedEx Corp.</title>
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        <name>Global Payments, Inc.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-08-15</maturityDt>
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      <invstOrSec>
        <name>Fortune Brands Innovations, Inc.</name>
        <lei>54930032LHW54PQUJD44</lei>
        <title>Fortune Brands Innovations, Inc.</title>
        <cusip>34964CAH9</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>103563.48000000</valUSD>
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      <invstOrSec>
        <name>Manulife Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Service Electric &amp; Gas Co.</name>
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      <invstOrSec>
        <name>Owl Rock CLO VII LLC</name>
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      <invstOrSec>
        <name>Park Blue CLO 2025-VII Ltd.</name>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
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        <name>Campbell's Co. (The)</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Campbell's Co. (The)</name>
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        <name>Baker Hughes Holdings LLC</name>
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        <name>Boeing Co. (The)</name>
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        <name>Battalion CLO 18 Ltd.</name>
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        <name>Sherwin-Williams Co. (The)</name>
        <lei>Z15BMIOX8DDH0X2OBP21</lei>
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        <name>ONEOK, Inc.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Rockford Tower CLO Ltd.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Tyson Foods, Inc.</name>
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        <name>DGWD Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Dryden 72 CLO Ltd.</name>
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        <name>Sagard-Halseypoint CLO 8 Ltd.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Waste Management, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Sycamore Tree CLO Ltd.</name>
        <lei>2138001WII41ZXUQO254</lei>
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        <name>GAMMA Sociedade de Titularizacao de Creditos SA Consumer Totta 3</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Wells Fargo Bank NA</name>
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        <name>AT&amp;T Reign II Multi-Property Lease-Backed Pass-Through Trust</name>
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        <name>Targa Resources Partners LP</name>
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        <name>HSBC Holdings plc</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>Signal Peak CLO 8 Ltd.</name>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CD Mortgage Trust</name>
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      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
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        <title>Texas Instruments, Inc.</title>
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      <invstOrSec>
        <name>Golden Bar Securitisation SRL</name>
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          <isin value="IT0005652190"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
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          <isin value="US79466LAT17"/>
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        <balance>5238000.00000000</balance>
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      <invstOrSec>
        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Golub Capital Partners CLO 76 B Ltd.</name>
        <lei>N/A</lei>
        <title>Golub Capital Partners CLO 76 B Ltd., Series 2024-76A, Class D1</title>
        <cusip>38180BAJ6</cusip>
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        <balance>250000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <debtSec>
          <maturityDt>2037-10-25</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US617482V925"/>
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        <balance>389000.00000000</balance>
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        <valUSD>416768.22000000</valUSD>
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      <invstOrSec>
        <name>ELM Trust</name>
        <lei>N/A</lei>
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          <isin value="US26860XAA90"/>
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      <invstOrSec>
        <name>Santander Holdings USA, Inc.</name>
        <lei>549300SMVCQN2P0O6I58</lei>
        <title>Santander Holdings USA, Inc.</title>
        <cusip>80282KBM7</cusip>
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        <balance>363000.00000000</balance>
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        <valUSD>366881.72000000</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>2030-09-06</maturityDt>
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      <invstOrSec>
        <name>RCKT Mortgage Trust</name>
        <lei>N/A</lei>
        <title>RCKT Mortgage Trust, Series 2024-CES8, Class A1A</title>
        <cusip>749421AA1</cusip>
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          <isin value="US749421AA19"/>
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        <balance>280711.82000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-11-25</maturityDt>
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      <invstOrSec>
        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
        <title>Eastern Energy Gas Holdings LLC</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd.</title>
        <cusip>67077MBE7</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</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>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RKB7</cusip>
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          <isin value="US00206RKB77"/>
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        <balance>1944000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PGA Trust</name>
        <lei>N/A</lei>
        <title>PGA Trust, Series 2024-RSR2, Class A</title>
        <cusip>69381CAA5</cusip>
        <identifiers>
          <isin value="US69381CAA53"/>
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        <balance>2169000.00000000</balance>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Broadcom, Inc.</name>
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        <name>Stream Innovations Issuer Trust</name>
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        <name>Evergy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marriott International, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>J M Smucker Co. (The)</name>
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        <title>J M Smucker Co. (The)</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AGL CLO 42 Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Polaris plc</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>IBM International Capital Pte. Ltd.</name>
        <lei>2549007KTXQQBYZO7485</lei>
        <title>IBM International Capital Pte. Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Lehman Brothers Holdings, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>N/A</name>
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        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bunge Ltd. Finance Corp.</name>
        <lei>549300QHC068L40NNM71</lei>
        <title>Bunge Ltd. Finance Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auto1 Car Funding SARL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
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        <name>HCA, Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>BlueMountain CLO XXVI Ltd.</name>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Barrow Hanley CLO II Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Raizen Fuels Finance SA</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>Raizen Fuels Finance SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>54995.12000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-01</maturityDt>
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      <invstOrSec>
        <name>Voya Euro CLO II DAC</name>
        <lei>635400URG3IUW6R6W254</lei>
        <title>Voya Euro CLO II DAC, Series 2A, Class CR</title>
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          <isin value="XS2357478044"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CSMC Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-26</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3140XGR439"/>
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        <curCd>USD</curCd>
        <valUSD>580279.22000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sixth Street CLO IX Ltd.</name>
        <lei>549300T5OQR4UD880D68</lei>
        <title>Sixth Street CLO IX Ltd., Series 2017-9A, Class AR</title>
        <cusip>83012CAC9</cusip>
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          <isin value="US83012CAC91"/>
          <other otherDesc="Inhouse Asset ID" value="83012CAC9"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1220335.62000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04969120</annualizedRt>
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      <invstOrSec>
        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp. (The)</title>
        <cusip>06406RBZ9</cusip>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157997.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.06000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>Santander Consumo 10 FT</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Verdelite Static CLO Ltd.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SoFi Consumer Loan Program Trust</name>
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      <invstOrSec>
        <name>Fontainebleau Miami Beach Mortgage Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boardwalk Pipelines LP</name>
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        <balance>149000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>254900E217SI2DTJ2F03</lei>
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      <invstOrSec>
        <name>CQS US CLO Ltd.</name>
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        <invCountry>JE</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138WH3T7</cusip>
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        <balance>262668.78860000</balance>
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      <invstOrSec>
        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources, Inc.</title>
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        <balance>125000.00000000</balance>
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          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <balance>157000.00000000</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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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>347919.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust, Series 2025-6, Class A1</title>
        <cusip>92540YAA7</cusip>
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        <balance>3501667.45000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3513575.57000000</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>2070-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.41699920</annualizedRt>
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      <invstOrSec>
        <name>AP Grange Holdings LLC</name>
        <lei>N/A</lei>
        <title>AP Grange Holdings LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>2507000.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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          <isin value="US68389XCK90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
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          <isin value="US74391EAD31"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCG Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SCG Commercial Mortgage Trust, Series 2025-FLWR, Class A</title>
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          <isin value="US78438AAA34"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares European CLO XII DAC</name>
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          <isin value="XS2391578825"/>
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      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
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      <invstOrSec>
        <name>Ladder Capital Commercial Mortgage Mortgage Trust</name>
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      <invstOrSec>
        <name>Toyota Motor Corp.</name>
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        <title>Toyota Motor Corp.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vodafone Group plc</name>
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        <title>Vodafone Group plc</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Honda Motor Co. Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>Honda Motor Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Eastern Gas Transmission &amp; Storage, Inc.</name>
        <lei>H2VQBNB3NSKRM5QWBI71</lei>
        <title>Eastern Gas Transmission &amp; Storage, Inc.</title>
        <cusip>276480AH3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust, Series 2021-1A, Class C</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-16</maturityDt>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Deephaven Residential Mortgage Trust, Series 2022-3, Class M1</title>
        <cusip>24381YAD6</cusip>
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        <balance>634000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>610900.01000000</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>2067-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.27362920</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp.</title>
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          <isin value="US00914AAX00"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <assetCat>DBT</assetCat>
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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>Owens Corning</name>
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        <title>Owens Corning</title>
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          <isin value="US690742AP69"/>
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        <balance>116000.00000000</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust, Series 2014-1A, Class B3</title>
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        <balance>121108.78270000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-25</maturityDt>
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      <invstOrSec>
        <name>Elstree Mix plc</name>
        <lei>213800GBXBLN9YSO6I96</lei>
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          <isin value="XS3303708740"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>AGL Core CLO 4 Ltd.</name>
        <lei>549300HS2AZ4GZPCZ864</lei>
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        <cusip>001199AQ1</cusip>
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          <isin value="US001199AQ17"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-20</maturityDt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series 2010A</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Blue Owl Credit Income Corp.</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>Blue Owl Credit Income Corp.</title>
        <cusip>69120VAZ4</cusip>
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          <isin value="US69120VAZ40"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138M1YD4</cusip>
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          <isin value="US3138M1YD43"/>
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        <balance>34036.05000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2022-C17, Class A5</title>
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          <couponKind>Fixed</couponKind>
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        <name>OBX Trust</name>
        <lei>254900MBGY6CR10DAX67</lei>
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        <cusip>67448YAC8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138WFNC6</cusip>
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        <balance>86847.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84197.03000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Flatiron CLO 25 Ltd.</name>
        <lei>254900Z25NHHRUZ9O184</lei>
        <title>Flatiron CLO 25 Ltd., Series 2024-2A, Class B</title>
        <cusip>33883XAC4</cusip>
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          <isin value="US33883XAC48"/>
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        <valUSD>250142.53000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle US CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Carlyle US CLO Ltd., Series 2022-3A, Class A1R2</title>
        <cusip>143111AY8</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>479105.66000000</valUSD>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>EP Infrastructure A/S</name>
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        <name>Abbott Laboratories</name>
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        <name>GCAT Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>State Street Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Intel Corp.</name>
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        <name>TAGUS-Sociedade de Titularizacao de Creditos SA</name>
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        <name>Orange SA</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Kingdom of Spain</name>
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        <name>EQT Corp.</name>
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        <name>BDS LLC</name>
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        <name>HTL Commercial Mortgage Trust</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Venture 32 CLO Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Pikes Peak CLO 15 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140QHPS80"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Latitude Australia Credit Card Master Trust</name>
        <lei>N/A</lei>
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          <isin value="AU3FN0107967"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy, Inc.</title>
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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>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>ORLEN SA</name>
        <lei>259400VVMM70CQREJT74</lei>
        <title>ORLEN SA</title>
        <cusip>N/A</cusip>
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          <isin value="XS2975119988"/>
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        <balance>1251000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1274456.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <balance>327000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334487.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Minejesa Capital BV</name>
        <lei>549300KS7ERCP10BKC35</lei>
        <title>Minejesa Capital BV</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Symphony CLO XVI Ltd.</name>
        <lei>5493004PWOYFPAFQVT02</lei>
        <title>Symphony CLO XVI Ltd., Series 2015-16A, Class ARR</title>
        <cusip>87165VAX7</cusip>
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        <balance>45107.59990000</balance>
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        <curCd>USD</curCd>
        <valUSD>45114.72000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140Q9ZV8</cusip>
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          <isin value="US3140Q9ZV80"/>
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        <balance>864240.20000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>603219.02000000</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>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138WFYN0</cusip>
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          <isin value="US3138WFYN09"/>
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        <balance>91176.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88286.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
        <cusip>89352HAM1</cusip>
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          <isin value="US89352HAM16"/>
          <other otherDesc="Inhouse Asset ID" value="89352HAM1"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159680.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>BXP Trust</name>
        <lei>N/A</lei>
        <title>BXP Trust, Series 2017-CC, Class D</title>
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          <isin value="US05607CAL37"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174872.94000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55150080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46647PAL0</cusip>
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        <name>Federal National Mortgage Association</name>
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        <name>LoanCore Issuer Ltd.</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Telefonica Emisiones SA</name>
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        <name>Comcast Corp.</name>
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        <name>Pacific Gas &amp; Electric Co.</name>
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        <name>NNN REIT, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>ConocoPhillips</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>EFMT</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sysco Corp.</name>
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        <title>Sysco Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citizens Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
        <title>Oncor Electric Delivery Co. LLC</title>
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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>McCormick &amp; Co., Inc.</name>
        <lei>549300JQQA6MQ4OJP259</lei>
        <title>McCormick &amp; Co., Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RR 5 Ltd.</name>
        <lei>549300213Q1LH7O32902</lei>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>St. Paul's CLO XII DAC</name>
        <lei>635400TG25DYCKV8CW74</lei>
        <title>St. Paul's CLO XII DAC, Series 12X, Class B1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2120080523"/>
          <other otherDesc="Inhouse Asset ID" value="Z94MF8FY8"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LEX Trust</name>
        <lei>N/A</lei>
        <title>LEX Trust, Series 2026-450, Class A</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-15</maturityDt>
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      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133B3GW1</cusip>
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          <isin value="US3133B3GW10"/>
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        <balance>1152737.43450000</balance>
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        <curCd>USD</curCd>
        <valUSD>948688.40000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOMES Trust</name>
        <lei>N/A</lei>
        <title>Homes Trust, Series 2025-NQM5, Class A1</title>
        <cusip>43762CAA9</cusip>
        <identifiers>
          <isin value="US43762CAA99"/>
          <other otherDesc="Inhouse Asset ID" value="43762CAA9"/>
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        <balance>961728.59450000</balance>
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        <valUSD>956865.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-09-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>KKR CLO 34 Ltd.</name>
        <lei>254900DSRKUNUNRNUG13</lei>
        <title>KKR CLO 34 Ltd., Series 34A, Class AR</title>
        <cusip>48253UAJ5</cusip>
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          <other otherDesc="Inhouse Asset ID" value="48253UAJ5"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>728959.46000000</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>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.77218880</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aspire Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Aspire Mortgage Trust, Series 2026-1, Class A1</title>
        <cusip>04539FAA6</cusip>
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        <name>Federal National Mortgage Association</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>OCP CLO Ltd.</name>
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        <name>Cheshire plc</name>
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        <name>Ballyrock CLO 14 Ltd.</name>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <name>Morgan Stanley</name>
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      <invstOrSec>
        <name>Northern States Power Co.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>NVIDIA Corp.</name>
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        <name>RTX Corp.</name>
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        <name>PRPM Trust</name>
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        <name>BAR Issuer LLC</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>NYMT Loan Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>New Mountain CLO 8 Ltd.</name>
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        <name>Puget Energy, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Booz Allen Hamilton, Inc.</name>
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        <title>Booz Allen Hamilton, Inc.</title>
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        <name>Park Blue CLO Ltd.</name>
        <lei>213800GMETRF98C4D824</lei>
        <title>Park Blue CLO Ltd., Series 2025-9A, Class A1</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Swiss Franc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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          <isin value="XS2865533462"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Post CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Mortgage Asset Receivable Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARES1</name>
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          <isin value="US04021EAA47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOP</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>Morgan Stanley &amp; Co. International plc</counterpartyName>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America, Inc.</title>
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        <valUSD>144877.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Compass Datacenters Issuer III LLC</name>
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        <balance>1074000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1065068.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.89700000</annualizedRt>
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      <invstOrSec>
        <name>GATX Corp.</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX Corp.</title>
        <cusip>361448BM4</cusip>
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          <isin value="US361448BM41"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105013.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>Arbor Multifamily Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>Arbor Multifamily Mortgage Securities Trust, Series 2021-MF3, Class A5</title>
        <cusip>03882KAJ1</cusip>
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          <isin value="US03882KAJ16"/>
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        <balance>137000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122693.56000000</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>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.57470000</annualizedRt>
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      <invstOrSec>
        <name>Becton Dickinson &amp; Co.</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson &amp; Co.</title>
        <cusip>075887CL1</cusip>
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          <isin value="US075887CL11"/>
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        <balance>287000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253067.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Regional Management Issuance Trust</name>
        <lei>N/A</lei>
        <title>Regional Management Issuance Trust, Series 2024-2, Class D</title>
        <cusip>75907AAD5</cusip>
        <identifiers>
          <isin value="US75907AAD54"/>
          <other otherDesc="Inhouse Asset ID" value="75907AAD5"/>
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        <balance>108000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108574.44000000</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>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.33000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
        <cusip>571748BH4</cusip>
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          <isin value="US571748BH49"/>
          <other otherDesc="Inhouse Asset ID" value="571748BH4"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93823.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Federal National Mortgage Association</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Intel Corp.</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
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        <name>Glencore Funding LLC</name>
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        <name>3M Co.</name>
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        <name>Signal Peak CLO 3 Ltd.</name>
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        <name>Trestles CLO IV Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>LoanCore Issuer LLC</name>
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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
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      <invstOrSec>
        <name>Creeksource Dunes Creek CLO Ltd.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd.</name>
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      <invstOrSec>
        <name>Valero Energy Partners LP</name>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
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        <title>International Business Machines Corp.</title>
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        <name>iShares iBoxx USD Investment Grade Corporate Bond ETF</name>
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        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Merck &amp; Co., Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Navient Private Education Refi Loan Trust</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Trust Fibra Uno</name>
        <lei>54930011BLQ0JPRBAL73</lei>
        <title>Trust Fibra Uno</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140HBRA8</cusip>
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          <isin value="US3140HBRA85"/>
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        <balance>27917.85490000</balance>
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        <curCd>USD</curCd>
        <valUSD>27489.45000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129272.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>HILT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HILT Commercial Mortgage Trust, Series 2024-ORL, Class A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138X8QJ3</cusip>
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          <isin value="US3138X8QJ39"/>
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        <balance>249385.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247093.34000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>Oracle Corp.</name>
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        <name>Public Storage Operating Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Public Service Co. of Colorado</name>
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        <name>Federal National Mortgage Association</name>
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        <name>L3Harris Technologies, Inc.</name>
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        <name>Oglethorpe Power Corp.</name>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
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        <name>Verus Securitization Trust</name>
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        <name>Benefit Street Partners CLO V-B Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Aon Global Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Northrop Grumman Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Santander Holdings USA, Inc.</name>
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        <name>Wellington Management CLO 4 Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>NBCUniversal Media LLC</name>
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        <name>Energy Transfer LP</name>
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        <name>Santander Consumo 8 Fondo de Titulizacion</name>
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        <name>Durst Commercial Mortgage Trust</name>
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        <name>GLP Capital LP</name>
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        <name>Puget Energy, Inc.</name>
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        <name>Sherwin-Williams Co. (The)</name>
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        <name>General Motors Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Entergy Texas, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Wellington Management CLO 5 Ltd.</name>
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        <name>Benefit Street Partners CLO XXVII Ltd.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Jupiter Mortgage No. 1 plc</name>
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          <isin value="XS2737622485"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Baxalta, Inc.</name>
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        <title>Baxalta, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Sysco Corp.</name>
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        <title>Sysco Corp.</title>
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      <invstOrSec>
        <name>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Braccan Mortgage Funding plc</name>
        <lei>2138006RXLKWX319BI66</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Homes Trust</name>
        <lei>254900LUV7YA0N50XT86</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
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        <title>Johnson &amp; Johnson</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>UWM Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Global Payments, Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments, Inc.</title>
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      <invstOrSec>
        <name>Youni Italy SRL</name>
        <lei>8156001A7AEEA1E59607</lei>
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        <cusip>N/A</cusip>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Affirm Master Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133A7KE8</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2004-29, Class 1A1</title>
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        <curCd>USD</curCd>
        <valUSD>60734.86000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Dryden 30 Senior Loan Fund</name>
        <lei>549300AS2O1RYPD2ED41</lei>
        <title>Dryden 30 Senior Loan Fund, Series 2013-30A, Class CR</title>
        <cusip>26249BAU5</cusip>
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        <balance>159474.84000000</balance>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Kyndryl Holdings, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Astrazeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>549300IG5M07NI4QKK80</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <name>Nasdaq, Inc.</name>
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        <name>Progressive Corp. (The)</name>
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      <invstOrSec>
        <name>Intel Corp.</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>Lloyds Banking Group plc</name>
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        <title>Lloyds Banking Group plc</title>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
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        <name>Intercontinental Exchange, Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
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        <name>ONEOK, Inc.</name>
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        <name>UNIV Trust</name>
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        <name>Bank of New York Mellon (The)</name>
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        <name>Applied Materials, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Union Pacific Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Canadian National Railway Co.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Homes Trust</name>
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        <name>Palmer Square CLO Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3132DWG800"/>
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        <balance>455016.60060000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elmwood CLO XII Ltd.</name>
        <lei>N/A</lei>
        <title>Elmwood CLO XII Ltd., Series 2021-5A, Class AR</title>
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          <isin value="US29002YAJ10"/>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Arbor Realty Commercial Real Estate Notes LLC</name>
        <lei>N/A</lei>
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          <isin value="US03881KAA16"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Silver Point CLO 13 Ltd.</name>
        <lei>N/A</lei>
        <title>Silver Point CLO 13 Ltd., Series 2025-13A, Class A1</title>
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          <isin value="US82809RAA95"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>254900MS3D9HONB0N824</lei>
        <title>Voya CLO Ltd., Series 2015-3A, Class A3R4</title>
        <cusip>92913UBN5</cusip>
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          <isin value="US92913UBN54"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250049.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd.</name>
        <lei>3912003A96YDRT8EGP15</lei>
        <title>Bryant Park Funding Ltd., Series 2024-24A, Class A1</title>
        <cusip>11766DAA0</cusip>
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        <balance>3250000.00000000</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>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Raymond James Financial, Inc.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>Raymond James Financial, Inc.</title>
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        <balance>66000.00000000</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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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138ELS87</cusip>
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          <isin value="US3138ELS878"/>
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        <balance>96685.69000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Symphony CLO 43 Ltd.</name>
        <lei>254900QCSPTCYRSY3N68</lei>
        <title>Symphony CLO 43 Ltd., Series 2024-43A, Class A1</title>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Signal Peak CLO 7 Ltd.</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 7 Ltd., Series 2019-1A, Class A1R</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QQ4J1</cusip>
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          <isin value="US3140QQ4J12"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
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      <invstOrSec>
        <name>Quarzo SRL</name>
        <lei>815600702F68B2ED0B22</lei>
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          <isin value="IT0005599334"/>
          <other otherDesc="Inhouse Asset ID" value="BYD3QYSQ5"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179NJA7</cusip>
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          <isin value="US36179NJA72"/>
          <other otherDesc="Inhouse Asset ID" value="36179NJA7"/>
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        <balance>23048.69000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21842.26000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>31418D7E6</cusip>
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          <isin value="US31418D7E66"/>
          <other otherDesc="Inhouse Asset ID" value="31418D7E6"/>
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        <balance>950033.40430000</balance>
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        <curCd>USD</curCd>
        <valUSD>769434.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
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        <name>Government National Mortgage Association</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bletchley Park Funding plc</name>
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        <name>SG Residential Mortgage Trust</name>
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        <name>LKQ Corp.</name>
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      <invstOrSec>
        <name>CQS US CLO 5 Ltd.</name>
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      <invstOrSec>
        <name>Benefit Street Partners CLO 48 Ltd.</name>
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      <invstOrSec>
        <name>UBS Americas, Inc.</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Vantage Data Centers Jersey Borrower Spv Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Banco Santander SA</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Sunrise SPV 97 SRL</name>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
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        <balance>499000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439590.55000000</valUSD>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>BBAM US CLO V Ltd.</name>
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        <name>Amazon.com, Inc.</name>
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      <invstOrSec>
        <name>Ares Capital Corp.</name>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>RR 5 Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Co.</name>
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        <title>General Motors Co.</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allstate Corp. (The)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QAAJ9</cusip>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
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      <invstOrSec>
        <name>Navient Student Loan Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MF1 LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Public Service Electric &amp; Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
        <title>Public Service Electric &amp; Gas Co.</title>
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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>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661DW4</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>88355.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>UK Logistics DAC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Novartis Capital Corp.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>Healthpeak OP LLC</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <name>Baker Hughes Holdings LLC</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Blue Owl Credit Income Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>HCA, Inc.</name>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
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      <invstOrSec>
        <name>Sandstone Peak IV Ltd.</name>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Neuberger Berman CLO XVI-S Ltd.</name>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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      <invstOrSec>
        <name>BPR Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <title>Marsh &amp; McLennan Cos., Inc.</title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Astrazeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>Astrazeneca Finance LLC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Royalty Pharma plc</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>Royalty Pharma 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>2029-09-02</maturityDt>
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      <invstOrSec>
        <name>Atlas Funding plc</name>
        <lei>635400BMBKLDPBSN2U43</lei>
        <title>Atlas Funding plc, Series 2024-1, Class C</title>
        <cusip>N/A</cusip>
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        <balance>102895.96000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
        <cusip>438516CM6</cusip>
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        <balance>377000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>370889.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI, Inc.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>AMMC CLO 27 Ltd.</name>
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        <name>American Homes 4 Rent LP</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>CIM Trust</name>
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        <name>Government National Mortgage Association</name>
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        <name>KKR CLO 30 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Golden Ray SA Compartment 2</name>
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        <name>Devon Energy Corp.</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>RR 36 Ltd.</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Public Service Co. of Colorado</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>AGL CLO 21 Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Upland CLO Ltd.</name>
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        <name>Santander Consumo 10 FT</name>
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        <name>Anchorage Capital CLO 18 Ltd.</name>
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        <name>Intel Corp.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>CVC Cordatus Loan Fund IV DAC</name>
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        <name>GCAT Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <name>Analog Devices, Inc.</name>
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        <name>Solventum Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>HILT Commercial Mortgage Trust</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kimco Realty OP LLC</name>
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        <name>AGL CLO 5 Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canyon CLO Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Astrazeneca Finance LLC</name>
        <lei>549300C3HATU4Q460S18</lei>
        <title>Astrazeneca Finance LLC</title>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer, Inc.</title>
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        <balance>69000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Devon Energy Corp.</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp.</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93976.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GGG8</cusip>
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        <balance>231000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193955.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CDW LLC</name>
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        <name>Bayview Commercial Asset Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Signal Peak CLO 9 Ltd.</name>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>Palmer Square CLO Ltd.</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>SC Germany SA Compartment Consumer</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>PPL Electric Utilities Corp.</name>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Residential Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>KKR CLO 35 Ltd.</name>
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      <invstOrSec>
        <name>OHA Credit Partners VII Ltd.</name>
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        <name>Centene Corp.</name>
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        <name>QUALCOMM, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO XXI Ltd.</name>
        <lei>254900S6ZHFKMFCQD992</lei>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GCAT Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Takeda US Financing, Inc.</name>
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        <name>Nasdaq, Inc.</name>
        <lei>549300L8X1Q78ERXFD06</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <invCountry>US</invCountry>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy, Inc.</title>
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          <isin value="US25278XAM11"/>
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        <balance>9863000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Turquoise V Trust</name>
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        <title>Turquoise V Trust, Series 2026-1, Class C</title>
        <cusip>N/A</cusip>
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          <isin value="AU3FN0106589"/>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class AS</title>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39288.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.42100000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arch Capital Group Ltd.</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd.</title>
        <cusip>03937LAA3</cusip>
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        <name>Asset-Backed European Securitisation Transaction Twenty-Three SARL</name>
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        <name>Federal National Mortgage Association</name>
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        <name>KKR CLO 17 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Mastercard, Inc.</name>
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        <name>eBay, Inc.</name>
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        <name>Kennedy Lewis CLO 12 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Morgan Stanley</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Ares XLI CLO Ltd.</name>
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        <name>United Mexican States</name>
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        <name>Vodafone Group plc</name>
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        <name>Ford Motor Credit Co. LLC</name>
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      <invstOrSec>
        <name>Silver Point CLO 3 Ltd.</name>
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        <name>American Express Co.</name>
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        <name>Bank of America Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Conagra Brands, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>TCO Commercial Mortgage Trust</name>
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        <name>Valero Energy Corp.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Heineken NV</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Morgan Stanley &amp; Co. International plc</counterpartyName>
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
        <name>BRES Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US05619GAA40"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
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          <isin value="US23346LAA61"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>969696.88000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XBE4</cusip>
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          <isin value="US68389XBE40"/>
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        <balance>971000.00000000</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>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synopsys, Inc.</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>Synopsys, Inc.</title>
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          <isin value="US871607AB32"/>
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        <balance>747000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Becton Dickinson &amp; Co.</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson &amp; Co.</title>
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          <isin value="US075887CR80"/>
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        <balance>143000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-08</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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          <isin value="US86562MCG33"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOP</title>
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        <balance>6727740.00000000</balance>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>Deutsche Bank</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31417F2C11"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UK Logistics DAC</name>
        <lei>635400FRZQXRDV2SLM12</lei>
        <title>UK Logistics DAC, Series 2024-2X, Class D</title>
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          <isin value="XS2945807787"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36180E4C6</cusip>
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          <isin value="US36180E4C60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co.</title>
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          <isin value="US42824CBU27"/>
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      <invstOrSec>
        <name>Red &amp; Black Auto Italy SRL</name>
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      <invstOrSec>
        <name>Huntington Bancshares, Inc.</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140JAUJ5</cusip>
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          <isin value="US3140JAUJ56"/>
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        <balance>665286.55840000</balance>
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        <curCd>USD</curCd>
        <valUSD>668003.42000000</valUSD>
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        <name>AES Andes SA</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Navient Private Education Loan Trust</name>
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        <name>Lagarino European Loan Conduit No. 40 DAC</name>
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        <name>Entergy Texas, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>F&amp;G Annuities &amp; Life, Inc.</name>
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          <isin value="US30190AAC80"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asimi Funding plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Duke Energy Kentucky, Inc.</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDJURD78"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Polaris plc</name>
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      <invstOrSec>
        <name>Carlyle US CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Czech Koruna</name>
        <lei>N/A</lei>
        <title>Czech Koruna</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Bayview Commercial Asset Trust</name>
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        <name>Kaspi.KZ JSC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>N/A</name>
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        <name>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust, Series 2017-CALI, Class C</title>
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        <name>RR 38 Ltd.</name>
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        <title>RR 38 Ltd., Series 2025-38A, Class A1A</title>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Honda Finance Corp.</name>
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        <title>American Honda Finance Corp.</title>
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        <balance>142000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The)</name>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-08</maturityDt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sempra</name>
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        <title>Sempra</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>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810TV08"/>
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        <balance>36012700.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Vodafone Group plc</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group plc</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-30</maturityDt>
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        <name>1211 Avenue of the Americas Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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        <name>PRKCM Trust</name>
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        <name>NCMF Trust</name>
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          <isin value="US62887TAA25"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-10</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Noria DE</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>RTX Corp.</name>
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        <title>RTX Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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          <isin value="US01F0124457"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US03464LAC00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR CLO 21 Ltd.</name>
        <lei>5493008X0MRR4A6VYF15</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>31418ER77</cusip>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Pfizer, Inc.</name>
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        <title>Pfizer, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>JW Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JW Commercial Mortgage Trust, Series 2024-MRCO, Class D</title>
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        <balance>577000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
        <cusip>72147KAL2</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215912.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Virginia Electric &amp; Power Co.</name>
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        <name>Phillips 66 Co.</name>
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        <name>Deutsche Bank AG</name>
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        <name>Regatta XVIII Funding Ltd.</name>
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      <invstOrSec>
        <name>GATX Corp.</name>
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        <title>GATX Corp.</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Union Electric Co.</name>
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        <name>American Tower Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Golub Capital Partners CLO 81 B Ltd.</name>
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        <name>Emerson Electric Co.</name>
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      <invstOrSec>
        <name>Owl Rock CLO V LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>DK Trust</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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      <invstOrSec>
        <name>Park Blue CLO Ltd.</name>
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        <title>Park Blue CLO Ltd., Series 2022-2A, Class BR</title>
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        <name>Federal National Mortgage Association</name>
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        <name>HSBC Holdings plc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Octagon Investment Partners 41 Ltd.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Alphabet, Inc.</name>
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        <name>NGPL PipeCo LLC</name>
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        <name>Bank of America Corp.</name>
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        <name>M&amp;T Bank Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Ashford Hospitality Trust</name>
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        <name>Virginia Electric &amp; Power Co.</name>
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        <name>SURA Asset Management SA</name>
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        <name>United States of America</name>
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        <name>Prodigy Finance DAC</name>
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        <name>Edenbrook Mortgage Funding plc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Cardinal Health, Inc.</name>
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        <title>Cardinal Health, Inc.</title>
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      <invstOrSec>
        <name>Mastercard, Inc.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard, Inc.</title>
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      <invstOrSec>
        <name>Equitable Holdings, Inc.</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings, Inc.</title>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <issuerCat>USGA</issuerCat>
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        <name>Medtronic Global Holdings SCA</name>
        <lei>549300JXMTTP8GKYIX14</lei>
        <title>Medtronic Global Holdings SCA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-30</maturityDt>
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      <invstOrSec>
        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc.</title>
        <cusip>609207BB0</cusip>
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          <isin value="US609207BB05"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90479.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canadian Pacific Railway Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J M Smucker Co. (The)</name>
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        <title>J M Smucker Co. (The)</title>
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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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        <securityLending>
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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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        <balance>501000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495720.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-26</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Golub Capital Partners CLO 76 B Ltd.</name>
        <lei>N/A</lei>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-25</maturityDt>
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      <invstOrSec>
        <name>Compass Datacenters Issuer III LLC</name>
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        <balance>803000.00000000</balance>
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        <curCd>USD</curCd>
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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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140X9EC5</cusip>
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          <isin value="US3140X9EC50"/>
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        <balance>44208.19870000</balance>
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        <curCd>USD</curCd>
        <valUSD>42095.86000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <cusip>25746UDT3</cusip>
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          <isin value="US25746UDT34"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
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        <balance>100000.00000000</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>
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      <invstOrSec>
        <name>Andiron Financing LLC</name>
        <lei>N/A</lei>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group, Inc. (The)</title>
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        <balance>209000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204746.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QSUJ8</cusip>
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          <isin value="US3140QSUJ81"/>
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        <balance>1567594.73950000</balance>
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        <curCd>USD</curCd>
        <valUSD>1623652.33000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Parker-Hannifin Corp.</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>Parker-Hannifin Corp.</title>
        <cusip>701094AR5</cusip>
        <identifiers>
          <isin value="US701094AR58"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130052.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NXP BV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EP Infrastructure A/S</name>
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        <invCountry>CZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aon North America, Inc.</name>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>GLP Capital LP</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Navient Refinance Loan Trust</name>
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        <name>Ohio Power Co.</name>
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        <name>BX Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Regatta XXVII Funding Ltd.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Corning, Inc.</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>N/A</name>
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        <name>Canyon CLO Ltd.</name>
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        <name>Duke Energy Progress LLC</name>
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        <name>Phillips 66 Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>3M Co.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Trestles CLO IX Ltd.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Paramount Global</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>United States of America</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>CIFC Funding Ltd.</name>
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        <name>Amgen, Inc.</name>
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        <name>SC Germany SA Compartment Consumer</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>New Mountain CLO 2 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2019-C49, Class D</title>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Meta Platforms, Inc.</name>
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        <name>United States of America</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Cardiff Auto Receivables Securitisation plc</name>
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        <name>Blue Owl Credit Income Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Fedex Freight Holding Co., Inc.</name>
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        <name>Comcast Corp.</name>
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        <title>Comcast Corp.</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Diamondback Energy, Inc.</name>
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        <name>EQT Corp.</name>
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        <name>Dryden 64 CLO Ltd.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Phillips 66 Co.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>AstraZeneca plc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>MF1 Multifamily Housing Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <name>Kennedy Lewis CLO 20 Ltd.</name>
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        <name>Anchorage Capital CLO 8 Ltd.</name>
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        <name>Nutrien Ltd.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Huntington Bank Auto Credit-Linked Notes</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Government National Mortgage Association</name>
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        <name>Truist Financial Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>BX Trust</name>
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        <name>Cisco Systems, Inc.</name>
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        <title>Cisco Systems, Inc.</title>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <invCountry>GB</invCountry>
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        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
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        <name>Aon Corp.</name>
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        <name>Honeywell Aerospace, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Ares Strategic Income Fund</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Trestles CLO Ltd.</name>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
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        <name>Rio Tinto Finance USA Ltd.</name>
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      <invstOrSec>
        <name>Ally Financial, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rate Mortgage Trust</name>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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        <name>Greensaif Pipelines Bidco SARL</name>
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      <invstOrSec>
        <name>AREIT Ltd.</name>
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      <invstOrSec>
        <name>Ellington Financial Mortgage Trust</name>
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        <name>Bank of America Corp.</name>
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        <name>Mariner Finance Issuance Trust</name>
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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas &amp; Electric Co.</title>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Toyota Motor Credit Corp.</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <name>AEP Transmission Co. LLC</name>
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        <name>Welltower OP LLC</name>
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        <name>Nevada Power Co.</name>
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        <name>Prologis LP</name>
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        <name>Thayer Park CLO Ltd.</name>
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        <name>Highwoods Realty LP</name>
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        <name>Government National Mortgage Association</name>
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        <name>Exelon Corp.</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>OHA Credit Funding 7 Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>MortgageIT Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102662.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Norfolk Southern Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>CenterPoint Energy Resources Corp.</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
        <valUSD>71614.57000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Viper Energy Partners LLC</name>
        <lei>54930010ZZ02MRGRI973</lei>
        <title>Viper Energy Partners LLC</title>
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        <balance>2998000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Lincoln National Corp.</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp.</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2025-1A, Class C</title>
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          <isin value="US52604QAC78"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100847.46000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.68000000</annualizedRt>
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      <invstOrSec>
        <name>Elmwood CLO VI Ltd.</name>
        <lei>N/A</lei>
        <title>Elmwood CLO VI Ltd., Series 2020-3A, Class ARR</title>
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          <isin value="US29001VAU35"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360000.36000000</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>2037-07-18</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138MKSW7</cusip>
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          <isin value="US3138MKSW76"/>
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        <balance>4543.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4476.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lehman Brothers Holdings, Inc.</name>
        <lei>549300FDK6ZP3YIHRJ47</lei>
        <title>Lehman Brothers Holdings, Inc.</title>
        <cusip>524ESC7M6</cusip>
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          <isin value="US524ESC7M62"/>
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        <balance>14400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2017-12-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SHELL</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDC1L809"/>
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        <balance>1320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-753.71000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>J.P. Morgan</counterpartyName>
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                <issuerName>PacifiCorp</issuerName>
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      <invstOrSec>
        <name>Southwestern Public Service Co.</name>
        <lei>OL6FE7QD5EQ3DOYEO258</lei>
        <title>Southwestern Public Service Co.</title>
        <cusip>845743BY8</cusip>
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          <isin value="US845743BY82"/>
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        <balance>161000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>MIRA Trust</name>
        <lei>N/A</lei>
        <title>MIRA Trust, Series 2023-MILE, Class A</title>
        <cusip>55318EAA8</cusip>
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          <isin value="US55318EAA82"/>
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        <balance>694000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>712393.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75470000</annualizedRt>
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      <invstOrSec>
        <name>Capital One NA</name>
        <lei>207ALC1P1YM0OVDV0K75</lei>
        <title>Capital One NA</title>
        <cusip>25466AAP6</cusip>
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          <isin value="US25466AAP66"/>
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        <balance>568000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570388.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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      <invstOrSec>
        <name>Eaton Vance CLO Ltd.</name>
        <lei>5493007R7GEORNX00105</lei>
        <title>Eaton Vance CLO Ltd., Series 2019-1A, Class AR2</title>
        <cusip>27830XAW6</cusip>
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          <isin value="US27830XAW65"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250133.85000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.18218920</annualizedRt>
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      <invstOrSec>
        <name>NY Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NY Commercial Mortgage Trust, Series 2025-299P, Class B</title>
        <cusip>62957FAC3</cusip>
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          <isin value="US62957FAC32"/>
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        <balance>176000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180520.47000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.92781040</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
        <cusip>86562MEK2</cusip>
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          <isin value="US86562MEK27"/>
          <other otherDesc="Inhouse Asset ID" value="86562MEK2"/>
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        <balance>154000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149328.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.33400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Asset-Backed European Securitisation Transaction Twenty-Three SARL</name>
        <lei>213800WQKYRCMTF4FR47</lei>
        <title>Asset-Backed European Securitisation Transaction Twenty-Three SARL, Series 23, Class E</title>
        <cusip>N/A</cusip>
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          <isin value="XS2913204900"/>
          <other otherDesc="Inhouse Asset ID" value="Z96T93N79"/>
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        <balance>79087.21000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.32000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>31417GWY8</cusip>
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          <isin value="US31417GWY87"/>
          <other otherDesc="Inhouse Asset ID" value="31417GWY8"/>
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        <balance>410241.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375763.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <name>GS Mortgage-Backed Securities Trust</name>
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      <invstOrSec>
        <name>Aon Corp.</name>
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        <name>Castell plc</name>
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        <name>Winchester 1 plc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Reynolds American, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>VICI Properties LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Halliburton Co.</name>
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        <name>Ares LXIII CLO Ltd.</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
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      <invstOrSec>
        <name>Madison Park Funding LXXI Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elmwood CLO II Ltd.</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-20</maturityDt>
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      <invstOrSec>
        <name>LQR Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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          <isin value="US718172DP15"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Benefit Street Partners CLO 42 Ltd.</name>
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        <title>Benefit Street Partners CLO 42 Ltd., Series 2025-42A, Class A</title>
        <cusip>08187LAA9</cusip>
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          <isin value="US08187LAA98"/>
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        <balance>690000.00000000</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>2038-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3133W7J30</cusip>
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          <isin value="US3133W7J300"/>
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        <balance>69937.55320000</balance>
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        <curCd>USD</curCd>
        <valUSD>71690.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
        <lei>635400VBVF8AYJQBI411</lei>
        <title>CIFC Funding Ltd., Series 2018-1A, Class BR</title>
        <cusip>17181NAG9</cusip>
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          <isin value="US17181NAG97"/>
          <other otherDesc="Inhouse Asset ID" value="17181NAG9"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499695.05000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36762880</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spire, Inc.</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire, Inc.</title>
        <cusip>84857LAE1</cusip>
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          <isin value="US84857LAE11"/>
          <other otherDesc="Inhouse Asset ID" value="84857LAE1"/>
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        <balance>166000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165567.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>One Market Plaza Trust</name>
        <lei>N/A</lei>
        <title>One Market Plaza Trust, Series 2017-1MKT, Class XNCP</title>
        <cusip>68245HAU8</cusip>
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          <isin value="US68245HAU86"/>
          <other otherDesc="Inhouse Asset ID" value="68245HAU8"/>
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        <balance>2833112.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7410.01000000</valUSD>
        <pctVal>0.000215917226</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.09016560</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>Charter Communications Operating LLC</title>
        <cusip>161175CA0</cusip>
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          <isin value="US161175CA05"/>
          <other otherDesc="Inhouse Asset ID" value="161175CA0"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805285.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Evergy Kansas Central, Inc.</name>
        <lei>J75GNWGEO73W89ZV3S44</lei>
        <title>Evergy Kansas Central, Inc.</title>
        <cusip>30036FAC5</cusip>
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          <isin value="US30036FAC59"/>
          <other otherDesc="Inhouse Asset ID" value="30036FAC5"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106050.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
        <cusip>539830BD0</cusip>
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          <isin value="US539830BD07"/>
          <other otherDesc="Inhouse Asset ID" value="539830BD0"/>
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        <balance>22000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17380.20000000</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>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>SURA Asset Management SA</name>
        <lei>549300013ETMS1C0EA22</lei>
        <title>SURA Asset Management SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP8803LAB47"/>
          <other otherDesc="Inhouse Asset ID" value="BYDJJ2NM2"/>
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        <balance>372000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>390678.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</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>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
        <cusip>20030NED9</cusip>
        <identifiers>
          <isin value="US20030NED93"/>
          <other otherDesc="Inhouse Asset ID" value="20030NED9"/>
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        <balance>259000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260868.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
        <cusip>12189LAS0</cusip>
        <identifiers>
          <isin value="US12189LAS07"/>
          <other otherDesc="Inhouse Asset ID" value="12189LAS0"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91675.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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>Apidos CLO XXXIX Ltd.</name>
        <lei>N/A</lei>
        <title>Apidos CLO XXXIX Ltd., Series 2022-39A, Class BR</title>
        <cusip>03766HAU4</cusip>
        <identifiers>
          <isin value="US03766HAU41"/>
          <other otherDesc="Inhouse Asset ID" value="03766HAU4"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249826.53000000</valUSD>
        <pctVal>0.007279592260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.19968880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
        <cusip>532457CV8</cusip>
        <identifiers>
          <isin value="US532457CV84"/>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Kennedy Lewis CLO 8 Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
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        <title>Verizon Communications, Inc.</title>
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          <isin value="US92343VER15"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Symphony CLO XXI Ltd.</name>
        <lei>5493005CJY0RF4FJJP54</lei>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hathaway Finance Corp.</name>
        <lei>549300RLHFT5RU20WM87</lei>
        <title>Berkshire Hathaway Finance Corp.</title>
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        <balance>219000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178500.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
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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>2043-09-01</maturityDt>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunrise Spv 98 Srl</name>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QSAX9</cusip>
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        <invCountry>US</invCountry>
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        <name>Volkswagen Leasing GmbH</name>
        <lei>5299004GLEUX88BSNB74</lei>
        <title>Volkswagen Leasing GmbH</title>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
        <valUSD>64111.28000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <name>Verus Securitization Trust</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
        <name>Elmwood CLO VII Ltd.</name>
        <lei>N/A</lei>
        <title>Elmwood CLO VII Ltd., Series 2020-4A, Class A1RR</title>
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        <curCd>USD</curCd>
        <valUSD>250091.65000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Ameren Illinois Co.</name>
        <lei>RC71E2BZ6UOMFPDJSE79</lei>
        <title>Ameren Illinois Co.</title>
        <cusip>02361DBB5</cusip>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>AGL Core CLO 31 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Leggett &amp; Platt, Inc.</name>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
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      <invstOrSec>
        <name>MFA Trust</name>
        <lei>N/A</lei>
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        <balance>6872727.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2071-02-25</maturityDt>
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      <invstOrSec>
        <name>Republic of Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Republic of Peru</title>
        <cusip>715638DT6</cusip>
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        <balance>2839000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>American Homes 4 Rent LP</name>
        <lei>549300N4PXZ37U8QKI55</lei>
        <title>American Homes 4 Rent LP</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2018-CX12, Class C</title>
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        <balance>268000.00000000</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>
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          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.72191480</annualizedRt>
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        <name>Miltonia Mortgage Finance SRL</name>
        <lei>815600BC278905BA4594</lei>
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          <isin value="IT0005592933"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QGSZ1</cusip>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3140J8GB34"/>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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          <isin value="US3128M9GP10"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lendmark Funding Trust</name>
        <lei>N/A</lei>
        <title>Lendmark Funding Trust, Series 2025-3A, Class B</title>
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          <isin value="US525951AB51"/>
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        <curCd>USD</curCd>
        <valUSD>260964.03000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NatWest Group plc</name>
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        <title>NatWest Group plc</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Mello Mortgage Capital Acceptance</name>
        <lei>N/A</lei>
        <title>Mello Mortgage Capital Acceptance, Series 2021-MTG3, Class A22</title>
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          <isin value="US58549RAY27"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.49999840</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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          <isin value="US95000U3B74"/>
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        <balance>868000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.89700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
        <cusip>049560AY1</cusip>
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          <isin value="US049560AY17"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Service Electric &amp; Gas Co.</name>
        <lei>549300RUHPVD434XUK18</lei>
        <title>Public Service Electric &amp; Gas Co.</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="879070"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US01F0606594"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138WJF94</cusip>
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          <isin value="US3138WJF947"/>
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        <balance>11791.35240000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp. Trust, Series 2017-GPTX, Class A</title>
        <cusip>36257CAA5</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
        <cusip>776696AJ5</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>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kenvue, Inc.</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
        <title>Kenvue, Inc.</title>
        <cusip>49177JAF9</cusip>
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          <isin value="US49177JAF93"/>
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        <valUSD>499508.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
        <cusip>871829AY3</cusip>
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          <isin value="US871829AY37"/>
          <other otherDesc="Inhouse Asset ID" value="871829AY3"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72228.51000000</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>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust, Series 2026-VIS1, Class A1LC</title>
        <cusip>46660PAB4</cusip>
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          <isin value="US46660PAB40"/>
          <other otherDesc="Inhouse Asset ID" value="46660PAB4"/>
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        <balance>658850.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>652684.42000000</valUSD>
        <pctVal>0.019018302227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.89999960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Exxon Mobil Corp.</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp.</title>
        <cusip>30231GAW2</cusip>
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        <balance>148000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121994.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Devon Energy Corp.</name>
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        <title>Devon Energy Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3138WEKA6</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <balance>335697.15210000</balance>
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        <curCd>USD</curCd>
        <valUSD>319778.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
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      <invstOrSec>
        <name>Sysco Corp.</name>
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        <title>Sysco Corp.</title>
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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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        <name>Realty Income Corp.</name>
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        <title>Realty Income Corp.</title>
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        <valUSD>95480.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Texas Instruments, Inc.</name>
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        <title>Texas Instruments, Inc.</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Brookfield Finance, Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance, Inc.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <curCd>USD</curCd>
        <valUSD>178329.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>OCP CLO Ltd.</name>
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      <invstOrSec>
        <name>Navient Private Education Refi Loan Trust</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>DTE Electric Co.</name>
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        <name>Estee Lauder Cos., Inc. (The)</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 34 Ltd.</name>
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        <name>CIP Commercial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Cummins, Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>Cummins, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Palmer Square Loan Funding Ltd.</name>
        <lei>N/A</lei>
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        <cusip>696918AA9</cusip>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Regional Management Issuance Trust</name>
        <lei>N/A</lei>
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        <balance>741000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Trestles CLO V Ltd.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Conagra Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>One Bryant Park Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dryden 87 CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>HP, Inc.</name>
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        <name>N/A</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Honeywell Aerospace, Inc.</name>
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        <name>Arbor Realty Commercial Real Estate Notes Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>Ares Direct Lending CLO LLC</name>
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        <name>American Water Capital Corp.</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Republic of the Philippines</name>
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        <name>Toronto-Dominion Bank (The)</name>
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        <name>Retained Vantage Data Centers Issuer LLC</name>
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        <name>Kinder Morgan Energy Partners LP</name>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>BX Trust</name>
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        <name>Novartis Capital Corp.</name>
        <lei>5493002KF87V5RSRQS84</lei>
        <title>Novartis Capital Corp.</title>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
        <cusip>961214EP4</cusip>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Affirm Asset Securitization Trust</name>
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        <name>Rio Tinto Alcan, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Simon Property Group LP</name>
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        <name>BX Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Keurig Dr Pepper, Inc.</name>
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        <name>PepsiCo, Inc.</name>
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      <invstOrSec>
        <name>3M Co.</name>
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        <name>PRKCM Trust</name>
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        <name>Camden Property Trust</name>
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        <name>Centene Corp.</name>
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        <name>Republic of Indonesia</name>
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        <name>NSTAR Electric Co.</name>
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        <name>Vantage Data Centers Jersey Borrower Spv Ltd.</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Brookfield Finance, Inc.</name>
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        <invCountry>CA</invCountry>
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        <name>Forint</name>
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        <title>Forint</title>
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        <name>Microsoft Corp.</name>
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        <name>Singapore Dollar</name>
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        <name>Ovintiv, Inc.</name>
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        <name>MF1 Multifamily Housing Mortgage Loan Trust</name>
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        <name>Union Electric Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Foundation Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIGRE Trust</name>
        <lei>N/A</lei>
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          <isin value="US30249NAC11"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sandstone Peak II Ltd.</name>
        <lei>254900ZRRTOYR8JJD593</lei>
        <title>Sandstone Peak II Ltd., Series 2023-1A, Class A1R</title>
        <cusip>80013TAL7</cusip>
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          <isin value="US80013TAL70"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>610238.33000000</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>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
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          <isin value="US002824BN93"/>
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        <balance>221000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203064.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>RTX Corp.</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>RTX Corp.</title>
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          <isin value="US913017CJ69"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76057.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Anchorage Capital CLO 29 Ltd.</name>
        <lei>213800XVU2BADRNDSO76</lei>
        <title>Anchorage Capital CLO 29 Ltd., Series 2024-29A, Class A1</title>
        <cusip>03332QAA3</cusip>
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          <isin value="US03332QAA31"/>
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        <balance>640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>640121.73000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.26763160</annualizedRt>
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      <invstOrSec>
        <name>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class A</title>
        <cusip>08861RAA9</cusip>
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          <isin value="US08861RAA95"/>
          <other otherDesc="Inhouse Asset ID" value="08861RAA9"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730228.13000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16501000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc.</title>
        <cusip>654106AE3</cusip>
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          <isin value="US654106AE35"/>
          <other otherDesc="Inhouse Asset ID" value="654106AE3"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78262.18000000</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>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
        <cusip>3132JNXG7</cusip>
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          <isin value="US3132JNXG77"/>
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        <balance>83514.29000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80787.42000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust, Series 2017-ATRM, Class D</title>
        <cusip>04965JAG8</cusip>
        <identifiers>
          <isin value="US04965JAG85"/>
          <other otherDesc="Inhouse Asset ID" value="04965JAG8"/>
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        <balance>2736000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2612880.00000000</valUSD>
        <pctVal>0.076135633090</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.91999840</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Communications LLC</name>
        <lei>N/A</lei>
        <title>Consolidated Communications LLC, Series 2026-1A, Class A2</title>
        <cusip>315961AG7</cusip>
        <identifiers>
          <isin value="US315961AG76"/>
          <other otherDesc="Inhouse Asset ID" value="315961AG7"/>
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        <balance>713000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>703738.84000000</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>2056-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.07900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commonwealth Edison Co.</name>
        <lei>D8YOXB8L2ZDC8P7Q0771</lei>
        <title>Commonwealth Edison Co.</title>
        <cusip>202795JF8</cusip>
        <identifiers>
          <isin value="US202795JF88"/>
          <other otherDesc="Inhouse Asset ID" value="202795JF8"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76234.58000000</valUSD>
        <pctVal>0.002221367996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810TN81"/>
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        <curCd>USD</curCd>
        <valUSD>7438695.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3138EQA36</cusip>
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          <isin value="US3138EQA362"/>
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        <balance>140303.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137362.76000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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          <isin value="US68389XCQ60"/>
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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>2053-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>SMB Private Education Loan Trust, Series 2020-PTA, Class A2A</title>
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          <isin value="US78449VAB27"/>
          <other otherDesc="Inhouse Asset ID" value="78449VAB2"/>
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        <curCd>USD</curCd>
        <valUSD>1207417.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDLEQK18"/>
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        <balance>5518250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28023.52000000</valUSD>
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        <assetCat>DO</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <unrealizedAppr>28023.52000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ally Financial, Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial, Inc.</title>
        <cusip>02005NBT6</cusip>
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          <isin value="US02005NBT63"/>
          <other otherDesc="Inhouse Asset ID" value="02005NBT6"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145818.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>J.P. Morgan Mortgage Trust</name>
        <lei>529900PEVYDPZXGGUW77</lei>
        <title>J.P. Morgan Mortgage Trust, Series 2026-NQM1, Class A1LC</title>
        <cusip>46660DAB1</cusip>
        <identifiers>
          <isin value="US46660DAB10"/>
          <other otherDesc="Inhouse Asset ID" value="46660DAB1"/>
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        <balance>1934156.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1917778.34000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GoldenTree Loan Management US CLO 23 Ltd.</name>
        <lei>254900TP00US14X9AP48</lei>
        <title>GoldenTree Loan Management US CLO 23 Ltd., Series 2024-23A, Class A</title>
        <cusip>38139KAC3</cusip>
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          <isin value="US38139KAC36"/>
          <other otherDesc="Inhouse Asset ID" value="38139KAC3"/>
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        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Australia 10-Year Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="XMM620262"/>
          <other otherDesc="Future Ticker" value="XMM6 Comdty"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938039"/>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ASX Clear (Futures)</counterpartyName>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
        <cusip>12189LBD2</cusip>
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          <isin value="US12189LBD29"/>
          <other otherDesc="Inhouse Asset ID" value="12189LBD2"/>
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        <curCd>USD</curCd>
        <valUSD>25626.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140W4VV6</cusip>
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          <isin value="US3140W4VV61"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>01F022642</cusip>
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          <isin value="US01F0226427"/>
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        <curCd>USD</curCd>
        <valUSD>-2078025.00000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp.</title>
        <cusip>00912XBF0</cusip>
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          <isin value="US00912XBF06"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>78017DAQ1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Golden Bar Securitisation SRL</name>
        <lei>549300GESLGUWWGJRM09</lei>
        <title>Golden Bar Securitisation SRL, Series 2024-1, Class B</title>
        <cusip>N/A</cusip>
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          <isin value="IT0005611386"/>
          <other otherDesc="Inhouse Asset ID" value="BYD8766P2"/>
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        <balance>210679.96000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>244756.12000000</valUSD>
        <pctVal>0.007131847673</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.60799920</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas &amp; Electric Co.</title>
        <cusip>694308HD2</cusip>
        <identifiers>
          <isin value="US694308HD23"/>
          <other otherDesc="Inhouse Asset ID" value="694308HD2"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168672.77000000</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>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>KazMunayGas National Co. JSC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Stryker Corp.</name>
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        <name>Ares Strategic Income Fund</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>GE HealthCare Technologies, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>LYB International Finance BV</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Fiserv, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>Regional Management Issuance Trust</name>
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        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
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      <invstOrSec>
        <name>Northern Trust Corp.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HLTN Commercial Mortgage Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Ballyrock CLO 29 Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QUALCOMM, Inc.</name>
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        <title>QUALCOMM, Inc.</title>
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        <name>Diameter Capital CLO 12 Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <name>Sofi Consumer Loan Program Trust</name>
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        <name>Castell plc</name>
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        <title>SOP</title>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>5493007GXSFXDXOXG741</lei>
        <title>Rockford Tower CLO Ltd., Series 2017-1A, Class AR2</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nomura Holdings, Inc.</name>
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        <title>Nomura Holdings, Inc.</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LPL Holdings, Inc.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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          <isin value="US12562RAJ41"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca plc</title>
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          <isin value="US046353AD01"/>
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        <balance>223000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249220.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Store Capital LLC</name>
        <lei>254900Z9PIEFQ6AYXK50</lei>
        <title>Store Capital LLC</title>
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        <balance>2894000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2907327.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BAMLL Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Trust, Series 2024-BHP, Class A</title>
        <cusip>05493WAA0</cusip>
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          <isin value="US05493WAA09"/>
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        <balance>1190000.00000000</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>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>FIGRE Trust</name>
        <lei>N/A</lei>
        <title>FIGRE Trust, Series 2025-HE7, Class A</title>
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          <isin value="US31684RAA68"/>
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        <curCd>USD</curCd>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2024-BPRC, Class C</title>
        <cusip>95004AAG8</cusip>
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          <isin value="US95004AAG85"/>
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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>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SC Germany SA Compartment Consumer</name>
        <lei>N/A</lei>
        <title>SC Germany SA Compartment Consumer, Series 2025-1, Class D</title>
        <cusip>N/A</cusip>
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          <isin value="XS3035236002"/>
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        <balance>100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-14</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
        <cusip>58013MFY5</cusip>
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          <isin value="US58013MFY57"/>
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        <balance>114000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116561.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>TotalEnergies Capital SA</name>
        <lei>529900QI55ZLJVCMPA71</lei>
        <title>TotalEnergies Capital SA</title>
        <cusip>89157XAE1</cusip>
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          <isin value="US89157XAE13"/>
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        <balance>318000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296615.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.27500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Trinitas CLO XXVIII Ltd.</name>
        <lei>254900DPIAGU6GHOTB83</lei>
        <title>Trinitas CLO XXVIII Ltd., Series 2024-28A, Class A1</title>
        <cusip>89640FAA3</cusip>
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          <isin value="US89640FAA30"/>
          <other otherDesc="Inhouse Asset ID" value="89640FAA3"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500103.10000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21802000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>94973VBF3</cusip>
        <identifiers>
          <isin value="US94973VBF31"/>
          <other otherDesc="Inhouse Asset ID" value="94973VBF3"/>
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        <balance>86000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78300.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MFA Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>Oracle Corp.</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Regatta XIX Funding Ltd.</name>
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        <name>Cross Mortgage Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>ConocoPhillips Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Hasbro, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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      <invstOrSec>
        <name>FedEx Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Funding VII CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BorgWarner, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tyson Foods, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Entergy Corp.</name>
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        <title>Entergy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust</name>
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        <name>MCR Mortgage Trust</name>
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      <invstOrSec>
        <name>Diameter Capital CLO 3 Ltd.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Wellfleet CLO Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Owens Corning</name>
        <lei>JO5M6676RDJIZ2U8X907</lei>
        <title>Owens Corning</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AutoZone, Inc.</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
        <title>AutoZone, Inc.</title>
        <cusip>053332BH4</cusip>
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        <name>Prologis LP</name>
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        <name>Corebridge Financial, Inc.</name>
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        <name>Summit Issuer LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Symphony CLO XXIX Ltd.</name>
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        <name>Wells Fargo &amp; Co.</name>
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          <maturityDt>2029-01-24</maturityDt>
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        <name>Jersey Mike's Funding LLC</name>
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        <name>RR 29 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>One Market Plaza Trust</name>
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        <name>Trinitas CLO XXXII Ltd.</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>280 Park Avenue Mortgage Trust</name>
        <lei>N/A</lei>
        <title>280 Park Avenue Mortgage Trust, Series 2017-280P, Class D</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Oncor Electric Delivery Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cellnex Finance Co. SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fidelity National Information Services, Inc.</name>
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      <invstOrSec>
        <name>Kennedy Lewis CLO 7 Ltd.</name>
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      <invstOrSec>
        <name>Fiserv, Inc.</name>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHR Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas &amp; Electric Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFP Ltd.</name>
        <lei>N/A</lei>
        <title>PFP Ltd., Series 2026-13, Class A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>GATX Corp.</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX Corp.</title>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nevada Power Co.</name>
        <lei>N/A</lei>
        <title>Nevada Power Co.</title>
        <cusip>641423CH9</cusip>
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        <balance>286000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
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        <name>Sycamore Tree CLO Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Eaton Corp.</name>
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        <name>American National Group, Inc.</name>
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        <name>Zoetis, Inc.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Telefonica Europe BV</name>
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        <name>Micron Technology, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>United States of America</name>
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        <name>CSTL Commercial Mortgage Trust</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Federal National Mortgage Association</name>
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        <name>American Financial Group, Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp.</name>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
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        <name>Waste Management, Inc.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Trestles CLO VII Ltd.</name>
        <lei>254900F81BZ53L0B6092</lei>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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      <invstOrSec>
        <name>Visa, Inc.</name>
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        <title>Visa, Inc.</title>
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        <name>Waste Management, Inc.</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>Waste Management, Inc.</title>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>213800BXPAJOYIE7S264</lei>
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      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co.</title>
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        <name>Ameren Illinois Co.</name>
        <lei>RC71E2BZ6UOMFPDJSE79</lei>
        <title>Ameren Illinois Co.</title>
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        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Cencora, Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>Cencora, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>01F060642</cusip>
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        <balance>-33700000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Angel Oak Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Huntington Bancshares, Inc.</name>
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        <name>Angel Oak Mortgage Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Moody's Corp.</name>
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        <title>Moody's Corp.</title>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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        <name>Lendmark Funding Trust</name>
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        <name>N/A</name>
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        <title>Euro-Bund</title>
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        <name>Pacific Gas &amp; Electric Co.</name>
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        <name>Augusta SpinCo Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Regatta XII Funding Ltd.</name>
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        <name>Cenovus Energy, Inc.</name>
        <lei>254900LJGL2N2XEMD470</lei>
        <title>Cenovus Energy, Inc.</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Taurus UK DAC</name>
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        <name>UK Logistics DAC</name>
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        <name>Morgan Stanley</name>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Synchrony Financial</name>
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        <name>Global Payments, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Government National Mortgage Association</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Arizona Public Service Co.</name>
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        <name>Salesforce, Inc.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>CMS Energy Corp.</name>
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        <name>EQT Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>HCA, Inc.</name>
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        <name>Reynolds American, Inc.</name>
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        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
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        <name>Pfizer, Inc.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>KSL Commercial Mortgage Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Sage AR Funding</name>
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        <name>Federal National Mortgage Association</name>
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        <title>Federal National Mortgage Association</title>
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        <name>Commonwealth Edison Co.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Federal National Mortgage Association</name>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Verus Securitization Trust</name>
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        <name>United States of America</name>
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        <name>JPMBB Commercial Mortgage Securities Trust</name>
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        <name>Trimaran CAVU Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Acore Issuer LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Blue Owl Credit Income Corp.</name>
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        <title>Blue Owl Credit Income Corp.</title>
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        <name>East One plc</name>
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        <name>Southern California Edison Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Pacific Gas &amp; Electric Co.</name>
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        <name>Ford Motor Co.</name>
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        <name>Government National Mortgage Association</name>
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        <name>QTS Issuer ABS II LLC</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Elmwood CLO 29 Ltd.</name>
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        <name>Apidos CLO XXXII</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>UPG HI Issuer Trust</name>
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        <name>Elevance Health, Inc.</name>
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        <title>Elevance Health, Inc.</title>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>Sagard-Halseypoint CLO 9 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>NYC Commercial Mortgage Trust</name>
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        <name>United States of America</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Rio Tinto Alcan, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>Burlington Resources LLC</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
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        <name>Kinder Morgan Energy Partners LP</name>
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        <name>Evergy Metro, Inc.</name>
        <lei>1128SIJQ26096WL7IO82</lei>
        <title>Evergy Metro, Inc.</title>
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        <name>VICI Properties LP</name>
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        <name>BX Trust</name>
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      <invstOrSec>
        <name>Kennedy Lewis CLO 4 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Kennedy Lewis CLO 19 Ltd.</name>
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        <name>Entergy Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>American Honda Finance Corp.</name>
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        <name>Coca-Cola Co. (The)</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
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        <title>Southern California Edison Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aqua Finance Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <title>General Motors Financial Co., Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Navient Private Education Refi Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Refi Loan Trust, Series 2021-DA, Class B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PPL Electric Utilities Corp.</name>
        <lei>549300GCZLSGYEYPIR35</lei>
        <title>PPL Electric Utilities Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Baker Hughes Holdings LLC</name>
        <lei>549300XU3XH6F05YEQ93</lei>
        <title>Baker Hughes Holdings LLC</title>
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        <balance>109000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series 2010E</title>
        <cusip>54438CNZ1</cusip>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Meridian Funding plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810TR9</cusip>
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        <balance>11294500.00000000</balance>
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        <valUSD>9056336.02000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356640.12000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fidelity National Information Services, Inc.</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
        <title>Fidelity National Information Services, Inc.</title>
        <cusip>31620MBJ4</cusip>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97060.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <name>Simon Property Group LP</name>
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        <name>Expand Energy Corp.</name>
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        <name>Invesco CLO Ltd.</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>eBay, Inc.</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>United States of America</name>
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        <name>Southwestern Electric Power Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Brenntag Finance BV</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Birch Grove CLO 13 Ltd.</name>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
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        <name>Lyra Music Assets Delaware LP</name>
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        <name>Orchard Park CLO Ltd.</name>
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        <name>AGL Core CLO 38 Ltd.</name>
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        <name>M&amp;T Bank Corp.</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baltimore Gas &amp; Electric Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Microsoft Corp.</name>
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        <name>Voya Euro CLO V DAC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>Sagard-HalseyPoint CLO 10 Ltd.</name>
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        <name>Mariner Finance Issuance Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>BANK</name>
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        <name>Auto Abs Spanish Loans</name>
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        <name>Carlyle US CLO Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Fox Corp.</name>
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        <name>Royalty Pharma plc</name>
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        <name>Government National Mortgage Association</name>
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        <name>Gartner, Inc.</name>
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        <name>HSBC Holdings plc</name>
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        <name>Canadian National Railway Co.</name>
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        <name>McDonald's Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Trestles CLO VI Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <isin value="US3140QEBL52"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Anheuser-Busch Cos. LLC</name>
        <lei>5493002J2SVENP0PVK27</lei>
        <title>Anheuser-Busch Cos. LLC</title>
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        <balance>138000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134408.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NSTAR Electric Co.</name>
        <lei>54930080R72Y2Z31UR68</lei>
        <title>NSTAR Electric Co.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd., Series 2024-7A, Class A1</title>
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          <isin value="US92920XAC56"/>
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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>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Biogen, Inc.</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen, Inc.</title>
        <cusip>09062XAD5</cusip>
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          <isin value="US09062XAD57"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89955.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Water Capital Corp.</name>
        <lei>5IDHQUFVC8Q2KIBBFF06</lei>
        <title>American Water Capital Corp.</title>
        <cusip>03040WAR6</cusip>
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          <isin value="US03040WAR60"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78123.91000000</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>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US06051GFG91"/>
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        <balance>357000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>328645.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NYC Trust</name>
        <lei>N/A</lei>
        <title>NYC Trust, Series 2024-3ELV, Class A</title>
        <cusip>62956HAA4</cusip>
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          <isin value="US62956HAA41"/>
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        <balance>1256348.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1258333.28000000</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>2029-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.66345160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sabine Pass Liquefaction LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>Sabine Pass Liquefaction LLC</title>
        <cusip>785592AZ9</cusip>
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          <isin value="US785592AZ90"/>
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        <balance>2225881.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2320855.83000000</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>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140X8MY0</cusip>
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          <isin value="US3140X8MY06"/>
          <other otherDesc="Inhouse Asset ID" value="3140X8MY0"/>
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        <balance>427967.02730000</balance>
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        <curCd>USD</curCd>
        <valUSD>369500.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140BJTD9</cusip>
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          <isin value="US3140BJTD96"/>
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        <balance>72614.58510000</balance>
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        <curCd>USD</curCd>
        <valUSD>74329.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
        <cusip>126408GK3</cusip>
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          <isin value="US126408GK35"/>
          <other otherDesc="Inhouse Asset ID" value="126408GK3"/>
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        <balance>124000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134146.82000000</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>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DBWF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBWF Mortgage Trust, Series 2024-LCRS, Class A</title>
        <cusip>23307KAA5</cusip>
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          <isin value="US23307KAA51"/>
          <other otherDesc="Inhouse Asset ID" value="23307KAA5"/>
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        <balance>139000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138565.63000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.41351080</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>58933YCB9</cusip>
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          <isin value="US58933YCB92"/>
          <other otherDesc="Inhouse Asset ID" value="58933YCB9"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106821.20000000</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>2055-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661DV6</cusip>
        <identifiers>
          <isin value="US548661DV65"/>
          <other otherDesc="Inhouse Asset ID" value="548661DV6"/>
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        <balance>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126643.35000000</valUSD>
        <pctVal>0.003690208363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sabine Pass Liquefaction LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>Sabine Pass Liquefaction LLC</title>
        <cusip>785592AX4</cusip>
        <identifiers>
          <isin value="US785592AX43"/>
          <other otherDesc="Inhouse Asset ID" value="785592AX4"/>
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        <balance>133000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132034.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trimaran Cavu Ltd.</name>
        <lei>N/A</lei>
        <title>Trimaran CAVU Ltd., Series 2021-1A, Class AR</title>
        <cusip>89624NAL2</cusip>
        <identifiers>
          <isin value="US89624NAL29"/>
          <other otherDesc="Inhouse Asset ID" value="89624NAL2"/>
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        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370335.00000000</valUSD>
        <pctVal>0.010791038884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09101920</annualizedRt>
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        <name>Federal National Mortgage Association</name>
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        <name>Intel Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Union Electric Co.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Prologis LP</name>
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        <name>TYSN Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
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        <name>Blackstone Reg Finance Co. LLC</name>
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        <name>A10 Issuer LLC</name>
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      <invstOrSec>
        <name>Alen Mortgage Trust</name>
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      <invstOrSec>
        <name>FedEx Corp.</name>
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        <name>Post CLO Ltd.</name>
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        <name>Trestles CLO VIII Ltd.</name>
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      <invstOrSec>
        <name>Asset-Backed European Securitisation Transaction Twenty-Four Srl</name>
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      <invstOrSec>
        <name>Boston Scientific Corp.</name>
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        <name>OHA Credit Funding 10-R Ltd.</name>
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        <name>First Citizens BancShares, Inc.</name>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <name>MPLX LP</name>
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        <name>Rogers Communications, Inc.</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oncor Electric Delivery Co. LLC</name>
        <lei>549300SP2X2BS1KERD24</lei>
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        <curCd>USD</curCd>
        <valUSD>332260.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36225BSB52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRESTLES CLO III Ltd.</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>5493007ASGBOUR3XJY69</lei>
        <title>Voya CLO Ltd., Series 2013-2A, Class A1R</title>
        <cusip>92916WAA7</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Great Wolf Trust</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fairfax Financial Holdings Ltd.</name>
        <lei>GLS7OQD0WOEDI8YAP031</lei>
        <title>Fairfax Financial Holdings Ltd.</title>
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        <curCd>USD</curCd>
        <valUSD>97741.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.10000000</annualizedRt>
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      <invstOrSec>
        <name>Athene Holding Ltd.</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd.</title>
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        <curCd>USD</curCd>
        <valUSD>96333.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Macquarie Bank Ltd.</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>Macquarie Bank Ltd.</title>
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        <name>TICP CLO VI Ltd.</name>
        <lei>254900JG2DPAYUCW8T83</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>01F022642</cusip>
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          <isin value="US01F0226427"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Motability Operations Group plc</name>
        <lei>AZ3NL8JCZDCNUXFWI720</lei>
        <title>Motability Operations Group plc</title>
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          <isin value="XS3285025345"/>
          <other otherDesc="Inhouse Asset ID" value="BYDY18QW0"/>
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        <balance>940000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>International Flavors &amp; Fragrances, Inc.</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>International Flavors &amp; Fragrances, Inc.</title>
        <cusip>459506AK7</cusip>
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          <isin value="US459506AK78"/>
          <other otherDesc="Inhouse Asset ID" value="459506AK7"/>
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        <balance>222000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221314.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2024-GPA3, Class A</title>
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          <isin value="US123910AA98"/>
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        <balance>815490.08000000</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>2039-12-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>31418EAB6</cusip>
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          <isin value="US31418EAB65"/>
          <other otherDesc="Inhouse Asset ID" value="31418EAB6"/>
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        <balance>2381738.71900000</balance>
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        <curCd>USD</curCd>
        <valUSD>2070042.91000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cardiff Auto Receivables Securitisation plc</name>
        <lei>6354006GQBBANLIO8R45</lei>
        <title>Cardiff Auto Receivables Securitisation plc, Series 2024-1, Class D</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2866378503"/>
          <other otherDesc="Inhouse Asset ID" value="BYD65UJL0"/>
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        <balance>271000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3132DMRR8</cusip>
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          <isin value="US3132DMRR87"/>
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        <balance>1038005.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944888.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>Ecolab, Inc.</title>
        <cusip>278865BF6</cusip>
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          <isin value="US278865BF65"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155566.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.30000000</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>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>Ecolab, Inc.</title>
        <cusip>278865BS8</cusip>
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          <isin value="US278865BS86"/>
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        <balance>128000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128144.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust, Series 2021-8, Class A1</title>
        <cusip>92538GAA0</cusip>
        <identifiers>
          <isin value="US92538GAA04"/>
          <other otherDesc="Inhouse Asset ID" value="92538GAA0"/>
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        <balance>722996.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>661964.92000000</valUSD>
        <pctVal>0.019288722891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.82399840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
        <cusip>341081GT8</cusip>
        <identifiers>
          <isin value="US341081GT84"/>
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        <balance>456000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467790.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bardot CLO Ltd.</name>
        <lei>549300KP12IHV6MTDK86</lei>
        <title>Bardot CLO Ltd., Series 2019-2A, Class ARR</title>
        <cusip>06744NBQ9</cusip>
        <identifiers>
          <isin value="US06744NBQ97"/>
          <other otherDesc="Inhouse Asset ID" value="06744NBQ9"/>
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        <balance>217078.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216697.22000000</valUSD>
        <pctVal>0.006314250954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.64919840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179XND4</cusip>
        <identifiers>
          <isin value="US36179XND48"/>
          <other otherDesc="Inhouse Asset ID" value="36179XND4"/>
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        <balance>4643945.32350000</balance>
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        <curCd>USD</curCd>
        <valUSD>4388712.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BPR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BPR Mortgage Trust, Series 2023-STON, Class A</title>
        <cusip>05593GAA4</cusip>
        <identifiers>
          <isin value="US05593GAA40"/>
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        <balance>1954000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2001195.94000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.49700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
        <lei>N/A</lei>
        <title>Mariner Finance Issuance Trust, Series 2024-BA, Class D</title>
        <cusip>56847GAD5</cusip>
        <identifiers>
          <isin value="US56847GAD51"/>
          <other otherDesc="Inhouse Asset ID" value="56847GAD5"/>
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        <balance>267000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271869.28000000</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>2038-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.36000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>5493001SZ764RMCNU069</lei>
        <title>Rockford Tower CLO Ltd., Series 2018-2A, Class D</title>
        <cusip>77342KAG5</cusip>
        <identifiers>
          <isin value="US77342KAG58"/>
          <other otherDesc="Inhouse Asset ID" value="77342KAG5"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250971.88000000</valUSD>
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        <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>7.02924120</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
        <title>PRPM Trust, Series 2025-NQM6, Class A1</title>
        <cusip>69383RAF9</cusip>
        <identifiers>
          <isin value="US69383RAF91"/>
          <other otherDesc="Inhouse Asset ID" value="69383RAF9"/>
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        <balance>970637.92380000</balance>
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        <curCd>USD</curCd>
        <valUSD>964215.02000000</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>2070-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.98600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
        <title>DK Trust, Series 2025-LXP, Class D</title>
        <cusip>23292LAG7</cusip>
        <identifiers>
          <isin value="US23292LAG77"/>
          <other otherDesc="Inhouse Asset ID" value="23292LAG7"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190000.00000000</valUSD>
        <pctVal>0.005536331667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.56912160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Entergy Louisiana LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>Entergy Louisiana LLC</title>
        <cusip>29364WAZ1</cusip>
        <identifiers>
          <isin value="US29364WAZ14"/>
          <other otherDesc="Inhouse Asset ID" value="29364WAZ1"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98551.64000000</valUSD>
        <pctVal>0.002871655607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>DC Trust</name>
        <lei>N/A</lei>
        <title>DC Trust, Series 2024-HLTN, Class A</title>
        <cusip>24022FAA8</cusip>
        <identifiers>
          <isin value="US24022FAA84"/>
          <other otherDesc="Inhouse Asset ID" value="24022FAA8"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170678.42000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CDW LLC</name>
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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>2034-08-22</maturityDt>
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      <invstOrSec>
        <name>Everest Reinsurance Holdings, Inc.</name>
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        <title>Everest Reinsurance Holdings, Inc.</title>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlueMountain CLO XXIX Ltd.</name>
        <lei>N/A</lei>
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        <balance>250000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-25</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>INT Commercial Mortgage Trust, Series 2025-PLAZA, Class A</title>
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          <isin value="US44989YAA64"/>
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        <balance>583000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sonoco Products Co.</name>
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        <title>Sonoco Products Co.</title>
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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>2029-09-01</maturityDt>
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      <invstOrSec>
        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co.</title>
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        <balance>633000.00000000</balance>
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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>2028-04-01</maturityDt>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc.</title>
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        <balance>256000.00000000</balance>
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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>2033-02-15</maturityDt>
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          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
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        <balance>104000.00000000</balance>
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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>2046-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <balance>7560000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140HKYK8</cusip>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36179RXD6</cusip>
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          <isin value="US36179RXD69"/>
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        <balance>86943.49940000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-20</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978VAL7</cusip>
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        <balance>240000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-12</maturityDt>
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      <invstOrSec>
        <name>DuPont de Nemours, Inc.</name>
        <lei>5493004JF0SDFLM8GD76</lei>
        <title>DuPont de Nemours, Inc.</title>
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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>2028-11-15</maturityDt>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XII-B Ltd.</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO XII-B Ltd., Series 2017-12BRA, Class A</title>
        <cusip>081917AA4</cusip>
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          <isin value="US081917AA42"/>
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        <balance>290000.00000000</balance>
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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>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CSTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSTL Commercial Mortgage Trust, Series 2025-GATE2, Class D</title>
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          <isin value="US12676JAG13"/>
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        <balance>460000.00000000</balance>
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        <valUSD>452265.97000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.62885920</annualizedRt>
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      <invstOrSec>
        <name>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY Mortgage Trust, Series 2013-1515, Class C</title>
        <cusip>05604FAL9</cusip>
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          <isin value="US05604FAL94"/>
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        <balance>2810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2568843.55000000</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>2033-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.44620000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
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      <invstOrSec>
        <name>PepsiCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Management Issuance Trust</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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          <isin value="US01F0404461"/>
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        <curCd>USD</curCd>
        <valUSD>280265.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>207593.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140QKWP9</cusip>
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          <isin value="US3140QKWP97"/>
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        <balance>194006.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187072.73000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ballyrock CLO 22 Ltd.</name>
        <lei>254900XC0FEB91ZCO167</lei>
        <title>Ballyrock CLO 22 Ltd., Series 2024-22A, Class C</title>
        <cusip>05877GAJ2</cusip>
        <identifiers>
          <isin value="US05877GAJ22"/>
          <other otherDesc="Inhouse Asset ID" value="05877GAJ2"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1503145.35000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
        <cusip>539439BE8</cusip>
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          <isin value="US539439BE84"/>
          <other otherDesc="Inhouse Asset ID" value="539439BE8"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279493.59000000</valUSD>
        <pctVal>0.008144048490</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.06800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Intuit, Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit, Inc.</title>
        <cusip>46124HAG1</cusip>
        <identifiers>
          <isin value="US46124HAG11"/>
          <other otherDesc="Inhouse Asset ID" value="46124HAG1"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer, Inc.</title>
        <cusip>717081ET6</cusip>
        <identifiers>
          <isin value="US717081ET61"/>
          <other otherDesc="Inhouse Asset ID" value="717081ET6"/>
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        <balance>289000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284092.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Edison Co. of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>Consolidated Edison Co. of New York, Inc.</title>
        <cusip>209111FH1</cusip>
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          <isin value="US209111FH17"/>
          <other otherDesc="Inhouse Asset ID" value="209111FH1"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76573.81000000</valUSD>
        <pctVal>0.002231252680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Variable Rate Notes, Series KL05, Class X1P</title>
        <cusip>3137FNAQ3</cusip>
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          <isin value="US3137FNAQ30"/>
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        <balance>13486000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>349055.44000000</valUSD>
        <pctVal>0.010170982558</pctVal>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508CH5</cusip>
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          <isin value="US882508CH56"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181631.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Issuer Trust, Series 2025-2A, Class C</title>
        <cusip>39571VAF5</cusip>
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          <isin value="US39571VAF58"/>
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        <balance>336000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335388.18000000</valUSD>
        <pctVal>0.009772737904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.26000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Variable Rate Notes, Series K121, Class X1</title>
        <cusip>3137F83S0</cusip>
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          <isin value="US3137F83S03"/>
          <other otherDesc="Inhouse Asset ID" value="3137F83S0"/>
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        <balance>2982138.36500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110170.93000000</valUSD>
        <pctVal>0.003210225308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.01225520</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BXP Trust</name>
        <lei>N/A</lei>
        <title>BXP Trust, Series 2017-GM, Class D</title>
        <cusip>056083AL2</cusip>
        <identifiers>
          <isin value="US056083AL23"/>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>MCR Mortgage Trust</name>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
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        <name>Union Electric Co.</name>
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        <name>Lendmark Funding Trust</name>
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        <name>Caterpillar, Inc.</name>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Intel Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <name>Telefonica Emisiones SA</name>
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        <name>United States of America</name>
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        <name>Rockford Tower CLO Ltd.</name>
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        <name>GoldenTree Loan Management US CLO 11 Ltd.</name>
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        <name>International Business Machines Corp.</name>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>Lagarino European Loan Conduit No. 40 DAC</name>
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        <name>Government National Mortgage Association</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Park Blue CLO Ltd.</name>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO 43 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NYC Commercial Mortgage Trust</name>
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          <isin value="US67122NAA90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <title>General Motors Financial Co., Inc.</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Antero Resources Corp.</name>
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        <title>Antero Resources Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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        <curCd>N/A</curCd>
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      <invstOrSec>
        <name>Birch Grove CLO 10 Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Repsol E&amp;P Capital Markets US LLC</name>
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        <title>Repsol E&amp;P Capital Markets US LLC</title>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356479.74000000</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>2028-09-16</maturityDt>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US09630AAS50"/>
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        <balance>420000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Becton Dickinson &amp; Co.</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson &amp; Co.</title>
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        <balance>128000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Silver Point CLO 5 Ltd.</name>
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        <name>eBay, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Union Pacific Corp.</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Arbor Realty Collateralized Loan Obligation Ltd.</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <name>Together Asset-Backed Securitisation plc</name>
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        <name>Sherwin-Williams Co. (The)</name>
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        <name>Pavillion Consumer plc</name>
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        <name>Citigroup, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Creeksource Dunes Creek CLO Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Anchorage Capital CLO 15 Ltd.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Ballyrock CLO 32 Ltd.</name>
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        <name>MidAmerican Energy Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Diamondback Energy, Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy, Inc.</title>
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        <balance>226000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US07332VBF13"/>
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        <balance>2000000.00000000</balance>
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      <invstOrSec>
        <name>Western Midstream Operating LP</name>
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        <title>Western Midstream Operating LP</title>
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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>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Corp. Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>Corp. Nacional del Cobre de Chile</title>
        <cusip>N/A</cusip>
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          <isin value="USP3143NBT02"/>
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        <balance>1224000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.44000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US912828X885"/>
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        <balance>8212000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>2549009UFWL9U1TS6959</lei>
        <title>BRAVO Residential Funding Trust, Series 2024-CES2, Class A1A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-21</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MFA Trust</name>
        <lei>N/A</lei>
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        <balance>596689.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>2138001CG5SYL78G3648</lei>
        <title>New Residential Mortgage Loan Trust, Series 2025-NQM4, Class A1</title>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="871208"/>
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        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0595205532"/>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Regency Centers LP</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>CD Mortgage Trust</name>
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      <invstOrSec>
        <name>APA Corp.</name>
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        <title>APA Corp.</title>
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      <invstOrSec>
        <name>Lendmark Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp. Variable Rate Notes, Series 5543, Class FG</title>
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      <invstOrSec>
        <name>AREIT Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XGPR4</cusip>
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      <invstOrSec>
        <name>DBJPM Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBJPM Mortgage Trust, Series 2016-C1, Class A4</title>
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          <isin value="US23312LAS79"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Coca-Cola Co. (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>Coca-Cola Co. (The)</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00287YAS8</cusip>
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        <name>Procter &amp; Gamble Co. (The)</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>Procter &amp; Gamble Co. (The)</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Anglo American Capital plc</name>
        <lei>TINT358G1SSHR3L3PW36</lei>
        <title>Anglo American Capital plc</title>
        <cusip>N/A</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>John Deere Capital Corp.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Apple, Inc.</name>
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        <name>Trinitas CLO XXIX Ltd.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Marble Point CLO XV Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Nomura Holdings, Inc.</name>
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        <title>Nomura Holdings, Inc.</title>
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        <name>HP, Inc.</name>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <name>NiSource, Inc.</name>
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        <name>Sixth Street CLO XIV Ltd.</name>
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        <name>Bank of America Corp.</name>
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        <name>Northern States Power Co.</name>
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        <name>Sage AR Funding</name>
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        <name>Federal National Mortgage Association</name>
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        <name>American Express Co.</name>
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        <name>Government National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>Invitation Homes Operating Partnership LP</name>
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        <name>LYB International Finance III LLC</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Dow Chemical Co. (The)</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wisconsin Electric Power Co.</name>
        <lei>AENKIFMULUAWOUU8Q584</lei>
        <title>Wisconsin Electric Power Co.</title>
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          <isin value="US976656CW65"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Winchester 1 plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
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        <title>Kraft Heinz Foods Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares LIX CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Finance Corp.</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS Finance Corp.</title>
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          <isin value="US40058XL512"/>
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        <balance>2246000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-17</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Orange SA</name>
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        <title>Orange SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Braccan Mortgage Funding plc</name>
        <lei>213800WUDDAGMT94UJ09</lei>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Plains All American Pipeline LP</name>
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        <title>Plains All American Pipeline LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Zloty</name>
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        <name>NetApp, Inc.</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NetApp, Inc.</title>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>BXP Trust</name>
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      <invstOrSec>
        <name>Brown &amp; Brown, Inc.</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>Brown &amp; Brown, Inc.</title>
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      <invstOrSec>
        <name>OCP CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. International plc</counterpartyName>
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                <indexName>Markit CMBX North American AAA 9</indexName>
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      <invstOrSec>
        <name>Anchorage Capital CLO 7 Ltd.</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Warwick Capital CLO 5 Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>FTA Consumo Santander</name>
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        <name>Alliant Energy Corp.</name>
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        <name>Biogen, Inc.</name>
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        <name>Elmwood CLO 38 Ltd.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Invesco US CLO Ltd.</name>
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      <invstOrSec>
        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca plc</title>
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        <name>Blackstone Private Credit Fund</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Benefit Street Partners CLO XII-B Ltd.</name>
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        <name>Apollo Global Management, Inc.</name>
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        <name>John Deere Capital Corp.</name>
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        <name>Vicinity Centres Trust</name>
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        <name>Union Pacific Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Fedex Freight Holding Co., Inc.</name>
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        <name>Intel Corp.</name>
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        <name>Cigna Group (The)</name>
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        <name>Angel Oak Mortgage Trust</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>VICI Properties LP</name>
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        <name>Park Blue CLO Ltd.</name>
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        <name>Western Midstream Operating LP</name>
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        <name>Paramount Global</name>
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        <name>OBX Trust</name>
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        <name>MSCI, Inc.</name>
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        <name>Oaktree CLO Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
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        <invCountry>US</invCountry>
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        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OCP CLO Ltd.</name>
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        <name>Amphenol Corp.</name>
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        <title>Amphenol Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>3M Co.</name>
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        <name>AbbVie, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ACREC LLC</name>
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        <invCountry>KY</invCountry>
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        <name>UPX HIL Issuer Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Birch Grove CLO 3 Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>TotalEnergies Capital SA</name>
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        <title>TotalEnergies Capital SA</title>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <invCountry>US</invCountry>
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        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Prodigy Finance DAC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>5493001SZ764RMCNU069</lei>
        <title>Rockford Tower CLO Ltd., Series 2018-2A, Class A</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>
        <debtSec>
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        <name>UNIV Trust</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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        <curCd>USD</curCd>
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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>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos., Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FirstEnergy Transmission LLC</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FirstEnergy Transmission LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Baxter International, Inc.</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53900000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Variable Rate Notes, Series 2016-96</title>
        <cusip>38379UZW9</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-12-16</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
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        <balance>423000.00000000</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>
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          <maturityDt>2034-11-02</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SLG Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SLG Commercial Mortgage Trust, Series 2026-PAT, Class A</title>
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          <isin value="US78451CAA18"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45102920</annualizedRt>
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      <invstOrSec>
        <name>Ovintiv, Inc.</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>Ovintiv, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US36180E5C51"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Exmoor Funding plc</name>
        <lei>635400TJWGCUUIZAGH30</lei>
        <title>Exmoor Funding plc, Series 2024-1, Class D</title>
        <cusip>N/A</cusip>
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          <isin value="XS2811065544"/>
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        <balance>100000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2094-03-25</maturityDt>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>FedEx Corp.</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36198QTY4</cusip>
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          <isin value="US36198QTY43"/>
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        <balance>35061.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33451.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
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        <name>ING Groep NV</name>
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        <name>Government National Mortgage Association</name>
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        <name>Entergy Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Carlyle US CLO Ltd.</name>
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        <name>Kroger Co. (The)</name>
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        <name>Oracle Corp.</name>
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        <name>VICI Properties LP</name>
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        <name>AppLovin Corp.</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp.</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Brown &amp; Brown, Inc.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <name>Wells Fargo &amp; Co.</name>
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      <invstOrSec>
        <name>Dryden 104 CLO Ltd.</name>
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      <invstOrSec>
        <name>Clover CLO LLC</name>
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      <invstOrSec>
        <name>Dollar General Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>Baltimore Gas &amp; Electric Co.</name>
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        <name>United States of America</name>
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        <name>Madison Park Funding XXX Ltd.</name>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <name>Pound Sterling</name>
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        <name>Last Mile Securities PE DAC</name>
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        <invCountry>IE</invCountry>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>CSMC Trust</name>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>N/A</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Barclays plc</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>HCA, Inc.</name>
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        <name>GCAT Trust</name>
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        <name>JPMBB Commercial Mortgage Securities Trust</name>
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        <name>Jefferies Financial Group, Inc.</name>
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        <name>BlackRock ETF Trust II</name>
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        <title>iShares AAA CLO Active ETF</title>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>PRPM Trust</name>
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      <invstOrSec>
        <name>Avoca CLO XXII DAC</name>
        <lei>5493000BN1WPGQDK4X78</lei>
        <title>Avoca CLO XXII DAC, Series 22X, Class B1</title>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>3140XGPU7</cusip>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <name>Diameter Capital CLO 5 Ltd.</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>HCA, Inc.</name>
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        <name>INV Mortgage Trust</name>
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        <name>Novartis Capital Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>General Motors Co.</name>
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        <title>General Motors Co.</title>
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        <name>Madison Park Funding XXIV Ltd.</name>
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        <name>Pony SA</name>
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        <invCountry>LU</invCountry>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp., Series I</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO XXXIX Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US03766HAQ39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bridge Street CLO VI Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US31418DTQ50"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Valero Energy Corp.</name>
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        <title>Valero Energy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARES Commercial Mortgage Trust</name>
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        <title>ARES Commercial Mortgage Trust, Series 2026-GCP, Class A</title>
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      <invstOrSec>
        <name>Sandstone Peak II Ltd.</name>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AusNet Services Holdings Pty. Ltd.</name>
        <lei>TTMIG9TE1S0X3ZPDHD61</lei>
        <title>AusNet Services Holdings Pty. Ltd.</title>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Golden Bar Securitisation Srl</name>
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          <isin value="IT0005671141"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
        <title>Eastern Energy Gas Holdings LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <name>Oriental Republic of Uruguay</name>
        <lei>549300RDR012H2V82H43</lei>
        <title>Oriental Republic of Uruguay</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UY</invCountry>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Exmoor Funding plc</name>
        <lei>635400TJWGCUUIZAGH30</lei>
        <title>Exmoor Funding plc, Series 2024-1, Class C</title>
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          <isin value="XS2811065460"/>
          <other otherDesc="Inhouse Asset ID" value="BYD2TX5N8"/>
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        <balance>110000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2094-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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      <invstOrSec>
        <name>Mariner Finance Issuance Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>Federal Home Loan Mortgage Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northern States Power Co.</name>
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      <invstOrSec>
        <name>Biogen, Inc.</name>
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        <name>SELF Commercial Mortgage Trust</name>
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        <name>Dominion Energy, Inc.</name>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Visio Trust</name>
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        <name>Enbridge Energy Partners LP</name>
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        <name>LCM 31 Ltd.</name>
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        <invCountry>KY</invCountry>
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        <name>Verizon Communications, Inc.</name>
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        <title>Verizon Communications, Inc.</title>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>Pfizer, Inc.</name>
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        <name>Canadian Natural Resources Ltd.</name>
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        <title>Canadian Natural Resources Ltd.</title>
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        <invCountry>CA</invCountry>
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        <name>OneMain Financial Issuance Trust</name>
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        <name>RTX Corp.</name>
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        <title>RTX Corp.</title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>50164.80000000</valUSD>
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        <name>GT Loan Financing I Ltd.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Royalty Pharma plc</name>
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        <name>Taurus UK DAC</name>
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        <name>Cigna Group (The)</name>
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        <name>Madison Park Funding XXVII Ltd.</name>
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        <name>DR Horton, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>AXIS Specialty Finance LLC</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Travelers Cos., Inc. (The)</name>
        <lei>549300Y650407RU8B149</lei>
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      <invstOrSec>
        <name>Bell Telephone Co. of Canada or Bell Canada</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DH Europe Finance II SARL</name>
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        <title>DH Europe Finance II SARL</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Host Hotels &amp; Resorts LP</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <balance>2918000.00000000</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>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Issuer Trust, Series 2025-2A, Class D</title>
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        <balance>268000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SHR Trust</name>
        <lei>N/A</lei>
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        <balance>358000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>357107.04000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>Southern California Edison Co.</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>PacifiCorp</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
        <title>PacifiCorp</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73027.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353TAN0</cusip>
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        <curCd>USD</curCd>
        <valUSD>118988.99000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <name>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos., Inc. (The)</title>
        <cusip>969457BM1</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237524.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Regatta 30 Funding Ltd.</name>
        <lei>N/A</lei>
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        <cusip>75903UAA1</cusip>
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          <isin value="US75903UAA16"/>
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        <balance>1080000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Natixis Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class D</title>
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          <other otherDesc="Inhouse Asset ID" value="63874TAL1"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284919.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.43880000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810QL5</cusip>
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          <isin value="US912810QL52"/>
          <other otherDesc="Inhouse Asset ID" value="912810QL5"/>
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        <balance>2064000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1967895.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd.</name>
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        <name>Citigroup, Inc.</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>McDonald's Corp.</name>
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        <name>Realty Income Corp.</name>
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        <name>OHA Credit Partners XI Ltd.</name>
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        <name>DTE Energy Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>ING Groep NV</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Lear Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Synopsys, Inc.</name>
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        <name>Whitebox CLO I Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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      <invstOrSec>
        <name>Buckhorn Park CLO Ltd.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Motorola Solutions, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Chevron USA, Inc.</name>
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        <name>Mila BV</name>
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        <name>Energy Transfer LP</name>
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        <name>Government National Mortgage Association</name>
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        <name>Oriental Republic of Uruguay</name>
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        <invCountry>UY</invCountry>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <name>Great Wolf Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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          <isin value="US03466UAA25"/>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
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      <invstOrSec>
        <name>Canadian Pacific Railway Co.</name>
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        <name>Federal National Mortgage Association</name>
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        <title>Uniform Mortgage-Backed Securities</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>State Street Corp.</name>
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        <title>State Street Corp.</title>
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      <invstOrSec>
        <name>Eaton Vance CLO Ltd.</name>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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        <name>Arbor Multifamily Mortgage Securities Trust</name>
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        <name>Mariner Finance Issuance Trust</name>
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        <name>BANK</name>
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        <name>Auto ABS Italian Stella Loans SRL</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
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        <name>HIH Trust</name>
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        <name>Dryden 65 CLO Ltd.</name>
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        <name>Lincoln National Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Union Pacific Corp.</name>
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        <name>J.P. Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>NSW Electricity Networks Finance Pty. Ltd.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>LCM 29 Ltd.</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Uniform Mortgage-Backed Securities</title>
        <cusip>31418CZ98</cusip>
        <identifiers>
          <isin value="US31418CZ984"/>
          <other otherDesc="Inhouse Asset ID" value="31418CZ98"/>
        </identifiers>
        <balance>236451.20950000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225564.78000000</valUSD>
        <pctVal>0.006572639129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Compass Datacenters Issuer III LLC</name>
        <lei>N/A</lei>
        <title>Compass Datacenters Issuer III LLC, Series 2026-1A, Class A22</title>
        <cusip>20469BAG2</cusip>
        <identifiers>
          <isin value="US20469BAG23"/>
          <other otherDesc="Inhouse Asset ID" value="20469BAG2"/>
        </identifiers>
        <balance>861000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843216.30000000</valUSD>
        <pctVal>0.024570132127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.28900000</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>Rockford Tower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Rockford Tower CLO Ltd., Series 2025-3A, Class A1</title>
        <cusip>77340WAA4</cusip>
        <identifiers>
          <isin value="US77340WAA45"/>
          <other otherDesc="Inhouse Asset ID" value="77340WAA4"/>
        </identifiers>
        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509561.45000000</valUSD>
        <pctVal>0.014847901011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96000080</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>Vanir Logistics Finance SARL</name>
        <lei>636700UXUGBCCF9PA752</lei>
        <title>Vanir Logistics Finance SARL, Series 1X, Class C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3239195269"/>
          <other otherDesc="Inhouse Asset ID" value="BYDV5LY61"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>184248.96000000</valUSD>
        <pctVal>0.005368754483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.96900000</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>Goldman Sachs Capital I</name>
        <lei>5299005MCIJK7R2NP351</lei>
        <title>Goldman Sachs Capital I</title>
        <cusip>38143VAA7</cusip>
        <identifiers>
          <isin value="US38143VAA70"/>
          <other otherDesc="Inhouse Asset ID" value="38143VAA7"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104168.61000000</valUSD>
        <pctVal>0.003035326180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.34500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SW9</cusip>
        <identifiers>
          <isin value="US912810SW99"/>
          <other otherDesc="Inhouse Asset ID" value="912810SW9"/>
        </identifiers>
        <balance>1640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1136148.44000000</valUSD>
        <pctVal>0.033105760985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</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>Coca-Cola Co. (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>Coca-Cola Co. (The)</title>
        <cusip>191216CY4</cusip>
        <identifiers>
          <isin value="US191216CY47"/>
          <other otherDesc="Inhouse Asset ID" value="191216CY4"/>
        </identifiers>
        <balance>238000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136333.82000000</valUSD>
        <pctVal>0.003972574973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</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>Vulcan Materials Co.</name>
        <lei>549300Q8LSNHAVWBNI21</lei>
        <title>Vulcan Materials Co.</title>
        <cusip>929160AZ2</cusip>
        <identifiers>
          <isin value="US929160AZ21"/>
          <other otherDesc="Inhouse Asset ID" value="929160AZ2"/>
        </identifiers>
        <balance>259000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248271.85000000</valUSD>
        <pctVal>0.007234291080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>Consolidated Edison Co. of New York, Inc.</name>
        <lei>VZFZPMWDHTQCFKYOBP05</lei>
        <title>Consolidated Edison Co. of New York, Inc.</title>
        <cusip>209111FW8</cusip>
        <identifiers>
          <isin value="US209111FW83"/>
          <other otherDesc="Inhouse Asset ID" value="209111FW8"/>
        </identifiers>
        <balance>266000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180490.86000000</valUSD>
        <pctVal>0.005259248757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</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>N/A</name>
        <lei>N/A</lei>
        <title>SOP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDW92K54"/>
        </identifiers>
        <balance>-93231000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-334203.55000000</valUSD>
        <pctVal>-0.00973821945</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swaption" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>Deutsche Bank</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Swaption</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>4.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-99261.43000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397J20</cusip>
        <identifiers>
          <isin value="US345397J200"/>
          <other otherDesc="Inhouse Asset ID" value="345397J20"/>
        </identifiers>
        <balance>1685000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1664211.18000000</valUSD>
        <pctVal>0.048492763458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.97000000</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>Western Midstream Operating LP</name>
        <lei>L6D8A6MLSY454J2JXJ60</lei>
        <title>Western Midstream Operating LP</title>
        <cusip>958254AJ3</cusip>
        <identifiers>
          <isin value="US958254AJ35"/>
          <other otherDesc="Inhouse Asset ID" value="958254AJ3"/>
        </identifiers>
        <balance>143000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120869.27000000</valUSD>
        <pctVal>0.003521959826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
        <cusip>718286CP0</cusip>
        <identifiers>
          <isin value="US718286CP01"/>
          <other otherDesc="Inhouse Asset ID" value="718286CP0"/>
        </identifiers>
        <balance>2747000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1887189.00000000</valUSD>
        <pctVal>0.054990022227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>36213FZ22</cusip>
        <identifiers>
          <isin value="US36213FZ227"/>
          <other otherDesc="Inhouse Asset ID" value="36213FZ22"/>
        </identifiers>
        <balance>76321.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71881.60000000</valUSD>
        <pctVal>0.002094528307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>





      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds V</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
