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        <name>BOOZ ALLEN HAMILTON INC 144A</name>
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        <title>FED REPUBLIC OF BRAZIL SR UNSECURED 03/35 6.625</title>
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          <isin value="US105756CL22"/>
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        <curCd>USD</curCd>
        <valUSD>209975.470000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANCORP SR UNSECURED 09/30 VAR</title>
        <cusip>316773DM9</cusip>
        <identifiers>
          <isin value="US316773DM97"/>
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        <balance>105000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107169.650000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.8950000000</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>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F020638</cusip>
        <identifiers>
          <isin value="US01F0206387"/>
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        <balance>-255000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-211258.580000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F022634</cusip>
        <identifiers>
          <isin value="US01F0226344"/>
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        <balance>-245000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-212255.750000</valUSD>
        <pctVal>-0.7073202406</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 3 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F030637</cusip>
        <identifiers>
          <isin value="US01F0306377"/>
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        <balance>-235000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-212577.240000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</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>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F040636</cusip>
        <identifiers>
          <isin value="US01F0406367"/>
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        <balance>-510000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-495796.500000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F042632</cusip>
        <identifiers>
          <isin value="US01F0426324"/>
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        <balance>-495000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-489477.780000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA 30 YR TBA MAR</name>
        <lei>N/A</lei>
        <title>FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE</title>
        <cusip>01F050635</cusip>
        <identifiers>
          <isin value="US01F0506356"/>
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        <balance>-485000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-487172.800000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORTINET INC</name>
        <lei>549300O0QJWDBAS0QX03</lei>
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        <identifiers>
          <isin value="US34959EAB56"/>
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        <balance>67000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60705.050000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.2000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STACR 2022-DNA2 M1B 144A</name>
        <lei>5493000ISA3AUOXQEF68</lei>
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        <cusip>35564KRF8</cusip>
        <identifiers>
          <isin value="US35564KRF83"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>STACR 2023-HQA3 A1 144A</name>
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        <cusip>35564K3F4</cusip>
        <identifiers>
          <isin value="US35564K3F46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STACR 2023-HQA3 M1 144A</name>
        <lei>529900ZTXRUUVE8G8W08</lei>
        <title>FREDDIE MAC   STACR STACR 2023 HQA3 M1 144A</title>
        <cusip>35564K3G2</cusip>
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          <isin value="US35564K3G29"/>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STACR 2026-DNA1 M1 144A</name>
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        <cusip>35564UCR6</cusip>
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          <isin value="US35564UCR68"/>
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        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
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        <curCd>USD</curCd>
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        <name>GETTY IMAGES INC 144A</name>
        <lei>5493005NV20IG4VEKZ40</lei>
        <title>GETTY IMAGES INC SR SECURED 144A 11/30 10.5</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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        <name>GOLUB CAPITAL BDC INC</name>
        <lei>2549005WE0QLGK9APF78</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>GRAPHIC PACKAGING INTERN 144A</name>
        <lei>SO75N4VY5NXGQSK8YQ65</lei>
        <title>GRAPHIC PACKAGING INTERN COMPANY GUAR 144A 02/30 3.75</title>
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        <curCd>USD</curCd>
        <valUSD>259725.110000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC COMPANY GUAR 09/30 3.5</title>
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        <balance>235000.000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HIGHTOWER HOLDING LLC 144A</name>
        <lei>254900MKOSB7RTMA9K12</lei>
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          <isin value="US43118DAB64"/>
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        <balance>98000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101743.190000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.1250000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP 144A</name>
        <lei>N/A</lei>
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        <cusip>431318AV6</cusip>
        <identifiers>
          <isin value="US431318AV64"/>
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        <balance>240000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234108.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>HGVT 2023-1A C 144A</name>
        <lei>N/A</lei>
        <title>HILTON GRAND VACATIONS TRUST HGVT 2023 1A C 144A</title>
        <cusip>432917AC6</cusip>
        <identifiers>
          <isin value="US432917AC60"/>
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        <balance>74582.830000</balance>
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        <curCd>USD</curCd>
        <valUSD>76722.910000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.9400000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA 144A</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
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          <isin value="US44891ADQ76"/>
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        <balance>70000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72357.350000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.1500000000</annualizedRt>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA 144A</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 06/28 4.9</title>
        <cusip>44891ADV6</cusip>
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          <isin value="US44891ADV61"/>
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        <curCd>USD</curCd>
        <valUSD>107905.930000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9000000000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF COTE D'IVOIR</name>
        <lei>254900ICW11T82O6H590</lei>
        <title>IVORY COAST SR UNSECURED REGS 04/28 6.875</title>
        <cusip>TC8D423Y2</cusip>
        <identifiers>
          <isin value="XS3030238524"/>
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        <balance>65500000.000000</balance>
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        <currencyConditional curCd="XOF" exchangeRt="555.143000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.8750000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JANE STREET GRP/JSG FIN 144A</name>
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        <title>JANE STREET GRP/JSG FIN SR SECURED 144A 04/31 7.125</title>
        <cusip>47077WAC2</cusip>
        <identifiers>
          <isin value="US47077WAC29"/>
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        <balance>247000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255887.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.1250000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JPMMT 2025-HE3 A1 144A</name>
        <lei>529900FDW9QWEZPAFE21</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2025 HE3 A1 144A</title>
        <cusip>46660CAA5</cusip>
        <identifiers>
          <isin value="US46660CAA53"/>
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        <balance>22626.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>22606.370000</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>Floating</couponKind>
          <annualizedRt>5.0115400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JPMORGAN CHASE FINANCIAL CB</name>
        <lei>549300NJFDJOFYVV6789</lei>
        <title>JPMORGAN CHASE FINANCIAL SR UNSECURED 06/27 0.5</title>
        <cusip>48133DL24</cusip>
        <identifiers>
          <isin value="US48133DL244"/>
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        <balance>138000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165796.610000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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              <title>JPMORGAN CHASE FINANCIAL</title>
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        <securityLending>
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      <invstOrSec>
        <name>JSC KASPI.KZ</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>KASPI.KZ JSC SR UNSECURED REGS 03/30 6.25</title>
        <cusip>4662819A2</cusip>
        <identifiers>
          <isin value="XS3011744623"/>
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        <balance>222000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228758.860000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KINGP 2021-1A A1R 144A</name>
        <lei>N/A</lei>
        <title>KINGS PARK CLO LTD KINGP 2021 1A A1R 144A</title>
        <cusip>496094AQ6</cusip>
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        <curCd>USD</curCd>
        <valUSD>250197.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>KLABIN AUSTRIA GMBH</name>
        <lei>984500578YEA8DD41B09</lei>
        <title>KLABIN AUSTRIA GMBH COMPANY GUAR REGS 04/29 5.75</title>
        <cusip>49836A9A4</cusip>
        <identifiers>
          <isin value="USA35155AA77"/>
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        <balance>281000.000000</balance>
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        <valUSD>286598.700000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIFEPOINT HEALTH INC 144A</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LIFEPOINT HEALTH INC SR SECURED 144A 10/30 11</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Long: 666117707 TRS USD R E TRS SOUSDCYC 1Y 01/19/2027/ Short: 666117707 TRS USD P V 12MSOFR TRS SOUSDCYC 1Y 01/19/2027</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Long: 668719938 CDS USD R F  3.00000 5668719938FEE CMBX/ Short: 668719938 CDS USD P V 01MEVENT 5668719938PRO CMBX</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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      </invstOrSec>
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        <name>N/A</name>
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        <title>Long: 714814454 TRS USD R E TRS SOUSFALT 2Y 01/18/2028/ Short: 714814454 TRS USD P V 12MSOFR TRS SOUSFALT 2Y 01/18/2028</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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                <issuerName>USD ZCIS 2/27/31 REC CPI</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>MDPK 2019-35A A1R2 144A</name>
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      <invstOrSec>
        <name>MDPK 2021-51A A1R 144A</name>
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        <name>MAGNE 2023-37A A1R 144A</name>
        <lei>529900QDM2RO966NLE49</lei>
        <title>MAGNETITE CLO LTD MAGNE 2023 37A A1R 144A</title>
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      <invstOrSec>
        <name>MALAYSIA</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PETROLEOS DE VENEZUELA SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PNC FINANCIAL SERVICES</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-29</maturityDt>
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        <name>PROOFPOINT TL B 1L BANKDEBT</name>
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        <title>PROOFPOINT INC 2025 FUNGIBLE TERM LOAN</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-31</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase Bank N.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS AG</name>
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        <name>UBS AG</name>
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        <name>Goldman Sachs International</name>
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        <name>Goldman Sachs International</name>
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        <name>BNP Paribas SA</name>
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        <name>Goldman Sachs International</name>
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        <name>SOCIETE GENERALE</name>
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        <name>SOCIETE GENERALE</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>SOCIETE GENERALE</counterpartyName>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>HSBC Bank USA N.A.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank USA N.A.</counterpartyName>
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      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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      <invstOrSec>
        <name>TORONTO DOMINION BANK</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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      <invstOrSec>
        <name>HSBC Bank USA N.A.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America N.A.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of America N.A.</counterpartyName>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
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      <invstOrSec>
        <name>Goldman Sachs International</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
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        <name>JPMorgan Chase Bank N.A.</name>
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      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
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        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>11694.420000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Deutsche Bank AG</counterpartyName>
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            <amtCurSold>-499436.050000</amtCurSold>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="JPY260424"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED JPY/ SOLD USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="JPY260424"/>
        </identifiers>
        <balance>1.000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-55581.700000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="JPY260424"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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            <amtCurSold>-75390.820000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="JPY260424"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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            <amtCurSold>-150675.920000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED JPY/ SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="JPY260424"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-362633.550000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED KRW/ SOLD USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="KRW260410"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-368.120000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-140075.110000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>N/A</lei>
        <title>PURCHASED KZT/ SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="KZT260306"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3891.920000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>SOCIETE GENERALE</counterpartyName>
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            <amtCurSold>-67274.690000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>N/A</lei>
        <title>PURCHASED MXN/ SOLD USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="MXN260417"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3213.470000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Royal Bank of Canada</counterpartyName>
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            <amtCurSold>-65037.070000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. International PLC</name>
        <lei>N/A</lei>
        <title>PURCHASED MXN/ SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MXN260417"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7054.590000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>N/A</lei>
        <title>PURCHASED TRY/ SOLD USD</title>
        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <valUSD>2187.320000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Barclays Bank PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED TRY/ SOLD USD</title>
        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>141.800000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-17888.710000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs International</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD BRL</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="BRL260303"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
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            <amtCurSold>-696000.000000</amtCurSold>
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      <invstOrSec>
        <name>UBS AG</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD BRL</title>
        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
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      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD BRL</title>
        <cusip>000000000</cusip>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
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            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-65000.000000</amtCurSold>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS AG</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD BRL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BRL260303"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1624.830000</valUSD>
        <pctVal>-0.0054145772</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <amtCurSold>-475530.000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>91134.360000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-03-03</settlementDt>
            <unrealizedAppr>-1624.830000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD CHF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CHF260424"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-95.930000</valUSD>
        <pctVal>-0.0003196768</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>-14000.000000</amtCurSold>
            <curSold>CHF</curSold>
            <amtCurPur>18215.720000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-24</settlementDt>
            <unrealizedAppr>-95.930000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered Bank</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD CHF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CHF260424"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6349.290000</valUSD>
        <pctVal>-0.0211583494</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Standard Chartered Bank</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
            </counterparties>
            <amtCurSold>-219000.000000</amtCurSold>
            <curSold>CHF</curSold>
            <amtCurPur>280097.180000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-24</settlementDt>
            <unrealizedAppr>-6349.290000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank USA N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD COP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="COP260306"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1082.270000</valUSD>
        <pctVal>0.0036065524</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank USA N.A.</counterpartyName>
              <counterpartyLei>1IE8VN30JCEQV1H4R804</counterpartyLei>
            </counterparties>
            <amtCurSold>-352768472.450000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>95034.610000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-03-06</settlementDt>
            <unrealizedAppr>1082.270000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD COP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="COP260306"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5801.270000</valUSD>
        <pctVal>-0.0193321297</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>SOCIETE GENERALE</counterpartyName>
              <counterpartyLei>254900J6B390XMPVLV82</counterpartyLei>
            </counterparties>
            <amtCurSold>-2160580782.000000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>569623.200000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-03-06</settlementDt>
            <unrealizedAppr>-5801.270000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD COP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="COP260306"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-909.400000</valUSD>
        <pctVal>-0.0030304810</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
              <counterpartyLei>571474TGEMMWANRLN572</counterpartyLei>
            </counterparties>
            <amtCurSold>-263791372.000000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>69345.790000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-03-06</settlementDt>
            <unrealizedAppr>-909.400000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD COP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="COP260306"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3976.650000</valUSD>
        <pctVal>-0.0132517731</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Bank of America N.A.</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <amtCurSold>-465930000.000000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>120113.840000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-03-06</settlementDt>
            <unrealizedAppr>-3976.650000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered Bank</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD CZK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CZK260417"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2835.390000</valUSD>
        <pctVal>-0.0094486427</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Standard Chartered Bank</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
            </counterparties>
            <amtCurSold>-5798000.000000</amtCurSold>
            <curSold>CZK</curSold>
            <amtCurPur>280010.590000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-17</settlementDt>
            <unrealizedAppr>-2835.390000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS AG</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="EUR260522"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5814.620000</valUSD>
        <pctVal>0.0193766172</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <amtCurSold>-846571.920000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>1009930.670000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-05-22</settlementDt>
            <unrealizedAppr>5814.620000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="EUR260522"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6.760000</valUSD>
        <pctVal>-0.0000225270</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>-10000.000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>11854.210000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-05-22</settlementDt>
            <unrealizedAppr>-6.760000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD GBP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="GBP260522"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>850.630000</valUSD>
        <pctVal>0.0028346361</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
              <counterpartyLei>571474TGEMMWANRLN572</counterpartyLei>
            </counterparties>
            <amtCurSold>-95000.000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>128911.690000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-05-22</settlementDt>
            <unrealizedAppr>850.630000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD GBP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="GBP260522"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>132.740000</valUSD>
        <pctVal>0.0004423423</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>-17000.000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>23048.930000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-05-22</settlementDt>
            <unrealizedAppr>132.740000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered Bank</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD IDR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="IDR260410"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1216.030000</valUSD>
        <pctVal>-0.0040522937</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Standard Chartered Bank</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
            </counterparties>
            <amtCurSold>-4390021000.000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>260383.930000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-10</settlementDt>
            <unrealizedAppr>-1216.030000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD IDR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="IDR260410"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4.360000</valUSD>
        <pctVal>-0.0000145292</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Bank of America N.A.</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <amtCurSold>-442899000.000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>26387.850000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-10</settlementDt>
            <unrealizedAppr>-4.360000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD IDR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="IDR260410"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-37.130000</valUSD>
        <pctVal>-0.0001237319</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Barclays Bank PLC</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
            </counterparties>
            <amtCurSold>-254016000.000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>15099.600000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-10</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD INR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="INR260410"/>
        </identifiers>
        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-557.200000</valUSD>
        <pctVal>-0.0018568111</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Deutsche Bank AG</counterpartyName>
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            <amtCurSold>-25200000.000000</amtCurSold>
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            <unrealizedAppr>-557.200000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD INR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="INR260410"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-9.010000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Royal Bank of Canada</counterpartyName>
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            <amtCurSold>-2359000.000000</amtCurSold>
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            <unrealizedAppr>-9.010000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD JPY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="JPY260424"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1775.790000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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            <amtCurSold>-32921136.000000</amtCurSold>
            <curSold>JPY</curSold>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD MYR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MYR260309"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-27902.840000</valUSD>
        <pctVal>-0.0929833161</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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            <amtCurSold>-1766452.660000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank USA N.A.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD PLN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="PLN260515"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19.200000</valUSD>
        <pctVal>0.0000639820</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC Bank USA N.A.</counterpartyName>
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            <amtCurSold>-73000.000000</amtCurSold>
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            <amtCurPur>20448.440000</amtCurPur>
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            <unrealizedAppr>19.200000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD PLN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="PLN260515"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2736.310000</valUSD>
        <pctVal>0.0091184689</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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            <amtCurSold>-1009000.000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD SGD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="SGD260313"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1624.980000</valUSD>
        <pctVal>-0.0054150771</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Royal Bank of Canada</counterpartyName>
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            <amtCurSold>-178000.000000</amtCurSold>
            <curSold>SGD</curSold>
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            <unrealizedAppr>-1624.980000</unrealizedAppr>
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      <invstOrSec>
        <name>QNITY ELECTRONICS INC 144A</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>QNITY ELECTRONICS INC SR SECURED 144A 08/32 5.75</title>
        <cusip>74743LAA8</cusip>
        <identifiers>
          <isin value="US74743LAA89"/>
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        <balance>251000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256817.060000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>QUIKRETE HOLDINGS INC 144A</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75</title>
        <cusip>74843PAB6</cusip>
        <identifiers>
          <isin value="US74843PAB67"/>
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        <balance>191000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198498.150000</valUSD>
        <pctVal>0.6614744676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>RAIZEN FUELS FINANCE</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>RAIZEN FUELS FINANCE COMPANY GUAR REGS 03/34 6.45</title>
        <cusip>75102X9B4</cusip>
        <identifiers>
          <isin value="USL7909CAC12"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89091.840000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.4500000000</annualizedRt>
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      <invstOrSec>
        <name>RAIZEN FUELS FINANCE</name>
        <lei>52990010NH26VC32Q522</lei>
        <title>RAIZEN FUELS FINANCE COMPANY GUAR REGS 03/54 6.95</title>
        <cusip>75102X9A6</cusip>
        <identifiers>
          <isin value="USL7909CAD94"/>
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        <balance>280000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117223.130000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.9500000000</annualizedRt>
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      <invstOrSec>
        <name>REG16 2019-2A A1R2 144A</name>
        <lei>254900XPJFGKL5R4O429</lei>
        <title>REGATTA XVI FUNDING LTD. REG16 2019 2A A1R2 144A</title>
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          <isin value="US75888TAY10"/>
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        <curCd>USD</curCd>
        <valUSD>249730.250000</valUSD>
        <pctVal>0.8322001195</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.8404900000</annualizedRt>
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      <invstOrSec>
        <name>REPUBLIC OF ARGENTINA</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA SR UNSECURED 01/38 VAR</title>
        <cusip>040114HU7</cusip>
        <identifiers>
          <isin value="US040114HU71"/>
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        <balance>158000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124010.430000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>COLOMBIA</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>REPUBLIC OF COLOMBIA SR UNSECURED 01/29 5.375</title>
        <cusip>195325ET8</cusip>
        <identifiers>
          <isin value="US195325ET82"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>399665.280000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3750000000</annualizedRt>
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      <invstOrSec>
        <name>COLOMBIA</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>REPUBLIC OF COLOMBIA SR UNSECURED 04/35 8.5</title>
        <cusip>195325ES0</cusip>
        <identifiers>
          <isin value="US195325ES00"/>
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        <balance>285000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>312893.220000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5000000000</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>PARAGUAY</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>REPUBLIC OF PARAGUAY SR UNSECURED REGS 01/33 2.739</title>
        <cusip>6991499H5</cusip>
        <identifiers>
          <isin value="USP75744AK10"/>
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        <balance>225000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202684.840000</valUSD>
        <pctVal>0.6754261772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>N/A</name>
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        <name>N/A</name>
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        <cusip>TC5QQ6AG4</cusip>
        <identifiers>
          <isin value="XS2824764521"/>
        </identifiers>
        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287836.940000</valUSD>
        <pctVal>0.9591867060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.3750000000</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>VISTRA CORP 144A</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>VISTRA CORP JR SUBORDINA 144A VAR</title>
        <cusip>92840MAB8</cusip>
        <identifiers>
          <isin value="US92840MAB81"/>
        </identifiers>
        <balance>76000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77340.380000</valUSD>
        <pctVal>0.2577287833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2174-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.0000000000</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>VISTRA OPERATIONS CO LLC 144A</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VISTRA OPERATIONS CO LLC SR SECURED 144A 04/34 6</title>
        <cusip>92840VAS1</cusip>
        <identifiers>
          <isin value="US92840VAS16"/>
        </identifiers>
        <balance>57000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60370.460000</valUSD>
        <pctVal>0.2011782875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</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>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO + COMPANY SR UNSECURED 03/28 VAR</title>
        <cusip>95000U2V4</cusip>
        <identifiers>
          <isin value="US95000U2V48"/>
        </identifiers>
        <balance>52000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51723.600000</valUSD>
        <pctVal>0.1723635247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.5260000000</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>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO + COMPANY SR UNSECURED 04/31 VAR</title>
        <cusip>95000U3W1</cusip>
        <identifiers>
          <isin value="US95000U3W12"/>
        </identifiers>
        <balance>258000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267041.160000</valUSD>
        <pctVal>0.8898869291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.1500000000</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>WEN 2025-1A A2I 144A</name>
        <lei>5493009DRVSTWJOXUL48</lei>
        <title>WENDYS FUNDING LLC WEN 2025 1A A2I 144A</title>
        <cusip>95058XAR9</cusip>
        <identifiers>
          <isin value="US95058XAR98"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51086.250000</valUSD>
        <pctVal>0.1702396220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.4220000000</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>XPLR INFRAST OPERATING 144A</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR INFRAST OPERATING SR UNSECURED 144A 01/29 7.25</title>
        <cusip>65342QAM4</cusip>
        <identifiers>
          <isin value="US65342QAM42"/>
        </identifiers>
        <balance>74000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76684.460000</valUSD>
        <pctVal>0.2555429980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.2500000000</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>ZHONGSHENG GROUP</name>
        <lei>3003005VYMEBAJNJ2Y26</lei>
        <title>ZHONGSHENG GROUP SR UNSECURED REGS 01/28 5.98</title>
        <cusip>5329969C1</cusip>
        <identifiers>
          <isin value="XS2867272630"/>
        </identifiers>
        <balance>223000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224946.260000</valUSD>
        <pctVal>0.7496100471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-06</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
