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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>BARCLAYS BANK PLC/NY</name>
                <lei>G5GSEF7VJP5I7OUK5573</lei>
                <title>CERT OF DEPOSIT</title>
                <cusip>06742T5S1</cusip>
                <identifiers>
                    <isin value="US06742T5S13"/>
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                <balance>300000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>300019.43</valUSD>
                <pctVal>0.298368646921</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-06-21</maturityDt>
                    <couponKind>Floating</couponKind>
                    <annualizedRt>5.98</annualizedRt>
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                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AIR LEASE CORP</name>
                <lei>5493004NW4M4P8TMMK63</lei>
                <title>CORP MED TERM NOTE</title>
                <cusip>00914AAL6</cusip>
                <identifiers>
                    <isin value="US00914AAL61"/>
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                <balance>178000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>172988.13</valUSD>
                <pctVal>0.172036305387</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-02-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.7</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AIR LEASE CORP</name>
                <lei>5493004NW4M4P8TMMK63</lei>
                <title>CORP MED TERM NOTE</title>
                <cusip>00914AAA0</cusip>
                <identifiers>
                    <isin value="US00914AAA07"/>
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                <balance>318000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>315250.41</valUSD>
                <pctVal>0.313515822202</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-02-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.25</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>LENNAR CORP</name>
                <lei>529900G61XVRLX5TJX09</lei>
                <title>CORP. NOTE</title>
                <cusip>526057CR3</cusip>
                <identifiers>
                    <isin value="US526057CR37"/>
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                <balance>425000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>426183.77</valUSD>
                <pctVal>0.423838798689</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-11-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.875</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>DEUTSCHE BANK AG/NEW YORK NY</name>
                <lei>7LTWFZYICNSX8D621K86</lei>
                <title>CORP. NOTE</title>
                <cusip>251526BY4</cusip>
                <identifiers>
                    <isin value="US251526BY45"/>
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                <balance>705000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>690415.58</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>2024-05-30</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.7</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>LLOYDS BANKING GROUP PLC</name>
                <lei>549300PPXHEU2JF0AM85</lei>
                <title>CORP. NOTE</title>
                <cusip>539439AS8</cusip>
                <identifiers>
                    <isin value="US539439AS89"/>
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                <balance>608000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>607562.42</valUSD>
                <pctVal>0.604219457305</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-16</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.05</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>NORDEA BANK ABP</name>
                <lei>529900ODI3047E2LIV03</lei>
                <title>CORP. NOTE</title>
                <cusip>65557CAY9</cusip>
                <identifiers>
                    <isin value="US65557CAY93"/>
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                <balance>200000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>199681.98</valUSD>
                <pctVal>0.198583279047</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-30</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.75</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>RABOBANK NEDERLAND</name>
                <lei>DG3RU1DBUFHT4ZF9WN62</lei>
                <title>CORP. NOTE</title>
                <cusip>74977RDE1</cusip>
                <identifiers>
                    <isin value="US74977RDE18"/>
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                <balance>250000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>249141.65</valUSD>
                <pctVal>0.247770809384</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-26</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.875</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ING GROEP NV</name>
                <lei>549300NYKK9MWM7GGW15</lei>
                <title>CORP. NOTE</title>
                <cusip>456837AK9</cusip>
                <identifiers>
                    <isin value="US456837AK90"/>
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                <balance>400000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>398541.97</valUSD>
                <pctVal>0.396349090891</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-10-02</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.1</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AIB GROUP PLC</name>
                <lei>635400AKJBGNS5WNQL34</lei>
                <title>CORP. NOTE</title>
                <cusip>00135TAA2</cusip>
                <identifiers>
                    <isin value="US00135TAA25"/>
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                <balance>200000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>199413.64</valUSD>
                <pctVal>0.198316415521</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-10-12</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.75</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>UNICREDIT SPA</name>
                <lei>549300TRUWO2CD2G5692</lei>
                <title>CORP. NOTE</title>
                <cusip>904678AG4</cusip>
                <identifiers>
                    <isin value="US904678AG48"/>
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                <balance>350000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>351168.3</valUSD>
                <pctVal>0.349236082852</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-12-04</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>7.83</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST</name>
                <lei>N/A</lei>
                <title>CORP. NOTE</title>
                <cusip>00774MAK1</cusip>
                <identifiers>
                    <isin value="US00774MAK18"/>
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                <balance>1180000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>1172935.07</valUSD>
                <pctVal>1.166481283436</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-01-16</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.875</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ING GROEP NV</name>
                <lei>549300NYKK9MWM7GGW15</lei>
                <title>CORP. NOTE</title>
                <cusip>456837AP8</cusip>
                <identifiers>
                    <isin value="US456837AP87"/>
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                <balance>200000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>196861.08</valUSD>
                <pctVal>0.195777900355</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-04-09</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.55</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP</name>
                <lei>N/A</lei>
                <title>CORP. NOTE</title>
                <cusip>709599BF0</cusip>
                <identifiers>
                    <isin value="US709599BF05"/>
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                <balance>237000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>231622.98</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-07-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.45</annualizedRt>
                    <isDefault>N</isDefault>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SANTANDER HOLDINGS USA INC</name>
                <lei>549300SMVCQN2P0O6I58</lei>
                <title>CORP. NOTE</title>
                <cusip>80282KAW6</cusip>
                <identifiers>
                    <isin value="US80282KAW62"/>
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                <balance>1000000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>976449.19</valUSD>
                <pctVal>0.971076518635</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-06-07</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.5</annualizedRt>
                    <isDefault>N</isDefault>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>MACQUARIE BANK LTD</name>
                <lei>4ZHCHI4KYZG2WVRT8631</lei>
                <title>CORP. NOTE</title>
                <cusip>55608PBE3</cusip>
                <identifiers>
                    <isin value="US55608PBE34"/>
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                <balance>255000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>242789.49</valUSD>
                <pctVal>0.241453600582</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2025-01-22</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>2.3</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST</name>
                <lei>N/A</lei>
                <title>CORP. NOTE</title>
                <cusip>00774MAP0</cusip>
                <identifiers>
                    <isin value="US00774MAP05"/>
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                <balance>150000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>149679.62</valUSD>
                <pctVal>0.148856044727</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.5</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>BANCO BILBAO VIZCAYA ARGENTARIA SA</name>
                <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
                <title>CORP. NOTE</title>
                <cusip>05946KAH4</cusip>
                <identifiers>
                    <isin value="US05946KAH41"/>
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                <balance>200000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>198690.31</valUSD>
                <pctVal>0.197597065467</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>PROTECTIVE LIFE GLOBAL FUNDING</name>
                <lei>635400EVYITCJYWL2I50</lei>
                <title>CORP. NOTE</title>
                <cusip>74368CAZ7</cusip>
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                    <isin value="US74368CAZ77"/>
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                <balance>500000</balance>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-10-13</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.631</annualizedRt>
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            <invstOrSec>
                <name>AMERICAN TOWER CORP</name>
                <lei>5493006ORUSIL88JOE18</lei>
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                <cusip>03027XBH2</cusip>
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                    <isin value="US03027XBH26"/>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-01-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.6</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>VOLKSWAGEN GROUP OF AMERICA FINANCE LLC</name>
                <lei>5493002SQ1AVQBY41K40</lei>
                <title>CORP. NOTE</title>
                <cusip>928668BJ0</cusip>
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                    <isin value="US928668BJ03"/>
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                <balance>200000</balance>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-11-22</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.875</annualizedRt>
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            <invstOrSec>
                <name>KEURIG DR PEPPER INC</name>
                <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
                <title>CORP. NOTE</title>
                <cusip>49271VAL4</cusip>
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                    <isin value="US49271VAL45"/>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-03-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.75</annualizedRt>
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            <invstOrSec>
                <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
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                <title>CORP. NOTE</title>
                <cusip>233851EB6</cusip>
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                    <isin value="US233851EB67"/>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-03-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.75</annualizedRt>
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            <invstOrSec>
                <name>ENBRIDGE INC</name>
                <lei>98TPTUM4IVMFCZBCUR27</lei>
                <title>CORP. NOTE</title>
                <cusip>29250NBG9</cusip>
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                    <isin value="US29250NBG97"/>
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                <balance>100000</balance>
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                <curCd>USD</curCd>
                <valUSD>99076.47</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
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                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-10-04</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.55</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST</name>
                <lei>N/A</lei>
                <title>CORP. NOTE</title>
                <cusip>00774MAU9</cusip>
                <identifiers>
                    <isin value="US00774MAU99"/>
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                <balance>275000</balance>
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                <curCd>USD</curCd>
                <valUSD>259849.39</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-10-29</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>1.65</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>DEUTSCHE BANK AG/NEW YORK NY</name>
                <lei>7LTWFZYICNSX8D621K86</lei>
                <title>CORP. NOTE</title>
                <cusip>251526CM9</cusip>
                <identifiers>
                    <isin value="US251526CM97"/>
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                <balance>150000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>147886.74</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-11-08</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>.962</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AMERICAN ELECTRIC POWER CO INC</name>
                <lei>1B4S6S7G0TW5EE83BO58</lei>
                <title>CORP. NOTE</title>
                <cusip>025537AK7</cusip>
                <identifiers>
                    <isin value="US025537AK70"/>
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                <balance>1665000</balance>
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                <curCd>USD</curCd>
                <valUSD>1625111.71</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-03-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>2.031</annualizedRt>
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            <invstOrSec>
                <name>ATHENE GLOBAL FUNDING</name>
                <lei>549300LM1QSI4MSIL320</lei>
                <title>CORP. NOTE</title>
                <cusip>04685A3F6</cusip>
                <identifiers>
                    <isin value="US04685A3F62"/>
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                <balance>835000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>778455.43</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-01-07</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>1.716</annualizedRt>
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            <invstOrSec>
                <name>BOSTON PROPERTIES LP</name>
                <lei>BVHHEFJI6SHNOKQT2572</lei>
                <title>CORP. NOTE</title>
                <cusip>10112RAZ7</cusip>
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                    <isin value="US10112RAZ73"/>
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                <balance>495000</balance>
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                <curCd>USD</curCd>
                <valUSD>472608.66</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-01-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.2</annualizedRt>
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                <name>CREDIT AGRICOLE SA/LONDON</name>
                <lei>969500TJ5KRTCJQWXH05</lei>
                <title>CORP. NOTE</title>
                <cusip>22535WAD9</cusip>
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                    <isin value="US22535WAD92"/>
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                <balance>1540000</balance>
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                <curCd>USD</curCd>
                <valUSD>1494927.94</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-10-04</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>3.25</annualizedRt>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
                <lei>35380028MYWPB6AUO129</lei>
                <title>CORP. NOTE</title>
                <cusip>86562MAA8</cusip>
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                    <isin value="US86562MAA80"/>
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                <balance>1000000</balance>
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                <curCd>USD</curCd>
                <valUSD>987870.51</valUSD>
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                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-04-02</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.436</annualizedRt>
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            <invstOrSec>
                <name>SOCIETE GENERALE SA</name>
                <lei>O2RNE8IBXP4R0TD8PU41</lei>
                <title>CORP. NOTE</title>
                <cusip>83367TBG3</cusip>
                <identifiers>
                    <isin value="US83367TBG31"/>
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                <balance>1042000</balance>
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                <curCd>USD</curCd>
                <valUSD>1034172.29</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-01-17</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5</annualizedRt>
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            <invstOrSec>
                <name>INTESA SANPAOLO SPA</name>
                <lei>2W8N8UU78PMDQKZENC08</lei>
                <title>CORP. NOTE</title>
                <cusip>46115HAP2</cusip>
                <identifiers>
                    <isin value="US46115HAP29"/>
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                <balance>1375000</balance>
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                <curCd>USD</curCd>
                <valUSD>1368864.23</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-01-12</maturityDt>
                    <couponKind>Fixed</couponKind>
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            <invstOrSec>
                <name>ING BANK NV</name>
                <lei>3TK20IVIUJ8J3ZU0QE75</lei>
                <title>CORP. NOTE</title>
                <cusip>449786AY8</cusip>
                <identifiers>
                    <isin value="US449786AY82"/>
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                <balance>200000</balance>
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                <curCd>USD</curCd>
                <valUSD>199842.2</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-25</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.8</annualizedRt>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MORGAN STANLEY BANK NA</name>
                <lei>G1MLHIS0N32I3QPILB75</lei>
                <title>CORP. NOTE</title>
                <cusip>61690U7U8</cusip>
                <identifiers>
                    <isin value="US61690U7U83"/>
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                <balance>280000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>280491.93</valUSD>
                <pctVal>0.278948592184</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2025-07-16</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.479</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>SPRINT LLC</name>
                <lei>549300ZTTY7CXOLJ6539</lei>
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                <fairValLevel>2</fairValLevel>
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            <invstOrSec>
                <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
                <lei>VBHFXSYT7OG62HNT8T76</lei>
                <title>CORP. NOTE</title>
                <cusip>06675FBA4</cusip>
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                    <isin value="US06675FBA49"/>
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                <fairValLevel>2</fairValLevel>
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            <invstOrSec>
                <name>HYATT HOTELS CORP</name>
                <lei>T27JQIMTYSH41TCD5186</lei>
                <title>CORP. NOTE</title>
                <cusip>448579AQ5</cusip>
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                <fairValLevel>2</fairValLevel>
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            <invstOrSec>
                <name>PFIZER INVESTMENT ENTERPRISES PTE LTD</name>
                <lei>5493000FQO8XF9C0RT95</lei>
                <title>CORP. NOTE</title>
                <cusip>716973AB8</cusip>
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                <invCountry>SG</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-05-19</maturityDt>
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            <invstOrSec>
                <name>MACQUARIE GROUP LTD</name>
                <lei>ACMHD8HWFMFUIQQ8Y590</lei>
                <title>CORP. NOTE</title>
                <cusip>55608JBL1</cusip>
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                    <isin value="US55608JBL17"/>
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                <balance>100000</balance>
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                <curCd>USD</curCd>
                <valUSD>99978.96</valUSD>
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                <invCountry>AU</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-11-22</maturityDt>
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            <invstOrSec>
                <name>COMMONWEALTH BANK OF AUSTRALIA/NEW YORK NY</name>
                <lei>MSFSBD3QN1GSN7Q6C537</lei>
                <title>CORP. NOTE</title>
                <cusip>20271RAQ3</cusip>
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                    <isin value="US20271RAQ39"/>
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                <balance>545000</balance>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-01-10</maturityDt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>REALTY INCOME CORP</name>
                <lei>549300CUWDAUZSH43859</lei>
                <title>CORP. NOTE</title>
                <cusip>756109BQ6</cusip>
                <identifiers>
                    <isin value="US756109BQ63"/>
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                <balance>100000</balance>
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                <curCd>USD</curCd>
                <valUSD>99328.1</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2026-01-13</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.05</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>KEYBANK NA/CLEVELAND OH</name>
                <lei>HUX2X73FUCYHUVH1BK78</lei>
                <title>CORP. NOTE</title>
                <cusip>49327M3G7</cusip>
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                    <isin value="US49327M3G70"/>
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                <balance>255000</balance>
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                <curCd>USD</curCd>
                <valUSD>243256.88</valUSD>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-01-26</maturityDt>
                    <couponKind>Fixed</couponKind>
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            <invstOrSec>
                <name>AMERICAN EXPRESS CO</name>
                <lei>R4PP93JZOLY261QX3811</lei>
                <title>CORP. NOTE</title>
                <cusip>025816DC0</cusip>
                <identifiers>
                    <isin value="US025816DC04"/>
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                <balance>81000</balance>
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                <curCd>USD</curCd>
                <valUSD>80357.59</valUSD>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-02-13</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>4.9</annualizedRt>
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            <invstOrSec>
                <name>AMGEN INC</name>
                <lei>62QBXGPJ34PQ72Z12S66</lei>
                <title>CORP. NOTE</title>
                <cusip>031162DM9</cusip>
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                    <isin value="US031162DM91"/>
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                <balance>33000</balance>
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                <curCd>USD</curCd>
                <valUSD>32878.53</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-03-02</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.25</annualizedRt>
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            <invstOrSec>
                <name>ENBRIDGE INC</name>
                <lei>98TPTUM4IVMFCZBCUR27</lei>
                <title>CORP. NOTE</title>
                <cusip>29250NBQ7</cusip>
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                    <isin value="US29250NBQ79"/>
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                <balance>200000</balance>
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                <curCd>USD</curCd>
                <valUSD>199833.2</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-03-08</maturityDt>
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            <invstOrSec>
                <name>KENVUE INC</name>
                <lei>5493008HSF8L4M2LIJ82</lei>
                <title>CORP. NOTE</title>
                <cusip>49177JAA0</cusip>
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                    <isin value="US49177JAA07"/>
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                <balance>400000</balance>
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                <curCd>USD</curCd>
                <valUSD>401574.49</valUSD>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-03-22</maturityDt>
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            <invstOrSec>
                <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
                <lei>2IGI19DL77OX0HC3ZE78</lei>
                <title>CORP. NOTE</title>
                <cusip>13607LNF6</cusip>
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                    <isin value="US13607LNF66"/>
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                <balance>380000</balance>
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                <curCd>USD</curCd>
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                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2025-04-28</maturityDt>
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            <invstOrSec>
                <name>EVERSOURCE ENERGY</name>
                <lei>SJ7XXD41SQU3ZNWUJ746</lei>
                <title>CORP. NOTE</title>
                <cusip>30040WAV0</cusip>
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                    <isin value="US30040WAV00"/>
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                <curCd>USD</curCd>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-05-15</maturityDt>
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                <name>PFIZER INVESTMENT ENTERPRISES PTE LTD</name>
                <lei>5493000FQO8XF9C0RT95</lei>
                <title>CORP. NOTE</title>
                <cusip>716973AA0</cusip>
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                    <isin value="US716973AA02"/>
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                <invCountry>SG</invCountry>
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                    <maturityDt>2025-05-19</maturityDt>
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                <name>RABOBANK NEDERLAND</name>
                <lei>DG3RU1DBUFHT4ZF9WN62</lei>
                <title>CORPORATE BONDS</title>
                <cusip>21684AAA4</cusip>
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                    <isin value="US21684AAA43"/>
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                <balance>1000000</balance>
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                <curCd>USD</curCd>
                <valUSD>995385.09</valUSD>
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                <invCountry>NL</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-12-01</maturityDt>
                    <couponKind>Fixed</couponKind>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>NETFLIX INC</name>
                <lei>549300Y7VHGU0I7CE873</lei>
                <title>CORPORATE BONDS</title>
                <cusip>64110LAG1</cusip>
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                    <isin value="US64110LAG14"/>
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                <balance>96000</balance>
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                <curCd>USD</curCd>
                <valUSD>95756.16</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-03-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>5.75</annualizedRt>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BOSTON PROPERTIES LP</name>
                <lei>BVHHEFJI6SHNOKQT2572</lei>
                <title>CORPORATE BONDS</title>
                <cusip>10112RAW4</cusip>
                <identifiers>
                    <isin value="US10112RAW43"/>
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                <balance>100000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>98060.78</valUSD>
                <pctVal>0.097521224691</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-02-01</maturityDt>
                    <couponKind>Fixed</couponKind>
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                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>VERIZON COMMUNICATIONS INC</name>
                <lei>2S72QS2UO2OESLG6Y829</lei>
                <title>CORPORATE BONDS</title>
                <cusip>92343VDD3</cusip>
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                    <isin value="US92343VDD38"/>
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                <balance>498000</balance>
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                <curCd>USD</curCd>
                <valUSD>463161.51</valUSD>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2026-08-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>2.625</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>BANCO SANTANDER SA</name>
                <lei>5493006QMFDDMYWIAM13</lei>
                <title>DISC. CP</title>
                <cusip>05970UYA0</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2652068"/>
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                <balance>600000</balance>
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                <curCd>USD</curCd>
                <valUSD>590593.9</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-11-10</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>NATWEST MARKETS PLC</name>
                <lei>RR3QWICWWIPCS8A4S074</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2652381"/>
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                <balance>1500000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>1454066</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2024-02-09</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>INTESA SANPAOLO FUNDING LLC</name>
                <lei>N/A</lei>
                <title>DISC. CP</title>
                <cusip>4611K1Y74</cusip>
                <identifiers>
                    <isin value="US4611K1Y743"/>
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                <balance>250000</balance>
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                <curCd>USD</curCd>
                <valUSD>245992.56</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-11-07</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>AT AND T INC</name>
                <lei>549300Z40J86GGSTL398</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2653286"/>
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                <balance>400000</balance>
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                <curCd>USD</curCd>
                <valUSD>395069.33</valUSD>
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                <assetCat>STIV</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-10-19</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>WALT DISNEY CO/THE</name>
                <lei>549300GZKULIZ0WOW665</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2664253"/>
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                <balance>275000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>273487.04</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-09-06</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>OTIS WORLDWIDE CORP</name>
                <lei>549300ZLBKR8VSU25153</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2671013"/>
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                <balance>500000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>498242.74</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-23</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CNH INDUSTRIAL CAPITAL LLC</name>
                <lei>549300PNSJ5B81UMVO28</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2672535"/>
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                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>596578.8</valUSD>
                <pctVal>0.593296271971</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-05</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MARRIOTT INTERNATIONAL INC/MD</name>
                <lei>225YDZ14ZO8E1TXUSU86</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2674456"/>
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                <balance>500000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>498841.67</valUSD>
                <pctVal>0.496096916475</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>GENERAL MOTORS FINANCIAL CO INC</name>
                <lei>5493008B6JBRUJ90QL97</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2674957"/>
                </identifiers>
                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>599813.96</valUSD>
                <pctVal>0.596513631299</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-02</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AMERICAN HONDA FINANCE CORP</name>
                <lei>B6Q2VFHD1797Q7NZ3E43</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2675216"/>
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                <balance>350000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>347145.88</valUSD>
                <pctVal>0.345235795228</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-22</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>HUMANA INC</name>
                <lei>529900YLDW34GJAO4J06</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2675470"/>
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                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>599329.16</valUSD>
                <pctVal>0.596031498792</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-07</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>INTERNATIONAL FLAVORS  AND  FRAGRANCES INC</name>
                <lei>BZLRL03D3GPGMOGFO832</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2676467"/>
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                <balance>650000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>649605.66</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-04</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE</name>
                <lei>549300JYAVAQRV5MNZ86</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2676632"/>
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                <balance>750000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>749540.84</valUSD>
                <pctVal>0.745416675989</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-04</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PPG INDUSTRIES INC</name>
                <lei>549300BKPEP01R3V6C59</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2676798"/>
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                <balance>633000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>632327.96</valUSD>
                <pctVal>0.628848731016</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-07</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>UDR INC</name>
                <lei>P3CH2EG5X6Z1XWU1OO74</lei>
                <title>DISC. CP</title>
                <cusip>90352QVA2</cusip>
                <identifiers>
                    <isin value="US90352QVA20"/>
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                <balance>650000</balance>
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                <curCd>USD</curCd>
                <valUSD>649014.16</valUSD>
                <pctVal>0.645443119306</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-10</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE</name>
                <lei>549300JYAVAQRV5MNZ86</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2677407"/>
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                <balance>500000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>499234.31</valUSD>
                <pctVal>0.496487396070</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-10</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>NUTRIEN LTD</name>
                <lei>5493002QQ7GD21OWF963</lei>
                <title>DISC. CP</title>
                <cusip>67077VVN5</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2677488"/>
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                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>597981.86</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-08-22</maturityDt>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>PROTECTIVE LIFE CORP</name>
                <lei>549300ZWIT8J8Y2EXL07</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2677510"/>
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                <balance>750000</balance>
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                <curCd>USD</curCd>
                <valUSD>748841.04</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-08-10</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>THOMSON REUTERS CORP</name>
                <lei>549300561UZND4C7B569</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2677722"/>
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                <balance>650000</balance>
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                <curCd>USD</curCd>
                <valUSD>649096.18</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-09</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>CROWN CASTLE INC</name>
                <lei>54930012H97VSM0I2R19</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678088"/>
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                <balance>600000</balance>
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                <curCd>USD</curCd>
                <valUSD>599233.33</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-08</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>HUMANA INC</name>
                <lei>529900YLDW34GJAO4J06</lei>
                <title>DISC. CP</title>
                <cusip>44486JVN6</cusip>
                <identifiers>
                    <isin value="US44486JVN61"/>
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                <balance>650000</balance>
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                <curCd>USD</curCd>
                <valUSD>647710.81</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-22</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>FIDELITY NATIONAL INFORMATION SERVICES INC</name>
                <lei>6WQI0GK1PRFVBA061U48</lei>
                <title>DISC. CP</title>
                <cusip>31622GVG9</cusip>
                <identifiers>
                    <isin value="US31622GVG99"/>
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                <balance>1250000</balance>
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                <curCd>USD</curCd>
                <valUSD>1246966.66</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-16</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ENBRIDGE US INC</name>
                <lei>5493003FRODSVHJWFS32</lei>
                <title>DISC. CP</title>
                <cusip>29251VVG8</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678405"/>
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                <balance>300000</balance>
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                <curCd>USD</curCd>
                <valUSD>299251.87</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-16</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>S AND P GLOBAL INC</name>
                <lei>Y6X4K52KMJMZE7I7MY94</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678554"/>
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                <balance>650000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>649701</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-03</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>WEC ENERGY GROUP INC</name>
                <lei>549300IGLYTZUK3PVP70</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678574"/>
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                <balance>1250000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>1249431.25</valUSD>
                <pctVal>1.242556562031</pctVal>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-03</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PENSKE TRUCK LEASING CO</name>
                <lei>549300ZX07JYMI8GHQ39</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678795"/>
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                <balance>300000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>299490.33</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-11</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AON CORP</name>
                <lei>LTS3U8DGK38SETRUWX71</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678819"/>
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                <balance>769000</balance>
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                <curCd>USD</curCd>
                <valUSD>768884.65</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ARROW ELECTRONICS INC</name>
                <lei>549300YNNLBXT8N8R512</lei>
                <title>DISC. CP</title>
                <cusip>04273MVE0</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678965"/>
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                <balance>650000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>648540.71</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-14</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BERKSHIRE HATHAWAY ENERGY CO</name>
                <lei>549300JD0S5IZJE9LY15</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2678967"/>
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                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>598726</valUSD>
                <pctVal>0.595431657531</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-14</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>PENSKE TRUCK LEASING CO</name>
                <lei>549300ZX07JYMI8GHQ39</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2679232"/>
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                <balance>650000</balance>
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                <curCd>USD</curCd>
                <valUSD>647471.32</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-25</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CABOT CORP</name>
                <lei>K05C0SER542GQ6VLRO68</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2679233"/>
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                <balance>500000</balance>
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                <curCd>USD</curCd>
                <valUSD>499924.17</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2023-08-01</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ALIMENTATION COUCHE-TARD INC</name>
                <lei>549300OSW32RVX8CCZ87</lei>
                <title>DISC. CP</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2679235"/>
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                <balance>650000</balance>
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                <curCd>USD</curCd>
                <valUSD>649799.94</valUSD>
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                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-02</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>S AND P GLOBAL INC</name>
                <lei>Y6X4K52KMJMZE7I7MY94</lei>
                <title>DISC. CP</title>
                <cusip>78513LV89</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="2679237"/>
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                <balance>600000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>599264</valUSD>
                <pctVal>0.595966697318</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-08-08</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
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                    <isPaidKind>N</isPaidKind>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PPG INDUSTRIES INC</name>
                <lei>549300BKPEP01R3V6C59</lei>
                <title>DISC. CP</title>
                <cusip>69350BWJ1</cusip>
                <identifiers>
                    <isin value="US69350BWJ15"/>
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                <balance>365000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>362265.58</valUSD>
                <pctVal>0.360272302799</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2023-09-18</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>0</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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                <name>ARROW ELECTRONICS INC</name>
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            <invstOrSec>
                <name>TARGA RESOURCES CORP</name>
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                <name>HP INC</name>
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                <name>AUTONATION INC</name>
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                <name>INTERNATIONAL FLAVORS  AND  FRAGRANCES INC</name>
                <lei>BZLRL03D3GPGMOGFO832</lei>
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                <name>NATIONAL AUSTRALIA BANK LTD</name>
                <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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                <fairValLevel>2</fairValLevel>
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                <name>NORDEA BANK ABP</name>
                <lei>529900ODI3047E2LIV03</lei>
                <title>INT BEAR CP</title>
                <cusip>65557RBG4</cusip>
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                <fairValLevel>2</fairValLevel>
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                <name>HUNTINGTON NATIONAL BANK/THE</name>
                <lei>2WHM8VNJH63UN14OL754</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>44644MAH4</cusip>
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                <fairValLevel>2</fairValLevel>
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                <name>JPMORGAN CHASE  AND  CO</name>
                <lei>8I5DZWZKVSZI1NUHU748</lei>
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                <fairValLevel>2</fairValLevel>
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                <name>BPCE SA</name>
                <lei>9695005MSX1OYEMGDF46</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>05583JAN2</cusip>
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                <fairValLevel>2</fairValLevel>
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                <name>BANK OF AMERICA CORP</name>
                <lei>9DJT3UXIJIZJI4WXO774</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>MORGAN STANLEY</name>
                <lei>IGJSJL3JD5P30I6NJZ34</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>PNC FINANCIAL SERVICES GROUP INC/THE</name>
                <lei>CFGNEKW0P8842LEUIA51</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>693475BL8</cusip>
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                <lei>9DJT3UXIJIZJI4WXO774</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>PACIFIC LIFE GLOBAL FUNDING II</name>
                <lei>6354003EUPCHXTWUU869</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>GOLDMAN SACHS GROUP INC/THE</name>
                <lei>784F5XWPLTWKTBV3E584</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>ING GROEP NV</name>
                <lei>549300NYKK9MWM7GGW15</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>456837BD4</cusip>
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                <name>MACQUARIE GROUP LTD</name>
                <lei>ACMHD8HWFMFUIQQ8Y590</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>55608JBB3</cusip>
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                <name>TOYOTA MOTOR CREDIT CORP</name>
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                <name>TOYOTA MOTOR CREDIT CORP</name>
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                <name>MITSUBISHI UFJ FINANCIAL GROUP INC</name>
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                <name>STATE STREET CORP</name>
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                <name>PUBLIC STORAGE OPERATING CO</name>
                <lei>549300LMZF40TKJ6DM64</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>BNP PARIBAS SA</name>
                <lei>R0MUWSFPU8MPRO8K5P83</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>BANK OF AMERICA CORP</name>
                <lei>9DJT3UXIJIZJI4WXO774</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>BARCLAYS PLC</name>
                <lei>213800LBQA1Y9L22JB70</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>MORGAN STANLEY</name>
                <lei>IGJSJL3JD5P30I6NJZ34</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>6174468J1</cusip>
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                <name>DEUTSCHE BANK AG/NEW YORK NY</name>
                <lei>7LTWFZYICNSX8D621K86</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>LLOYDS BANKING GROUP PLC</name>
                <lei>549300PPXHEU2JF0AM85</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>JPMORGAN CHASE  AND  CO</name>
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                <name>BPCE SA</name>
                <lei>9695005MSX1OYEMGDF46</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>SKANDINAVISKA ENSKILDA BANKEN AB</name>
                <lei>F3JS33DEI6XQ4ZBPTN86</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>MORGAN STANLEY</name>
                <lei>IGJSJL3JD5P30I6NJZ34</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>6174468T9</cusip>
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                <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
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                <name>TOYOTA MOTOR CREDIT CORP</name>
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                <name>SIEMENS FINANCIERINGSMAATSCHAPPIJ NV</name>
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                <name>CHARLES SCHWAB CORP/THE</name>
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                <name>PRINCIPAL LIFE GLOBAL FUNDING II</name>
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                <name>PUBLIC STORAGE OPERATING CO</name>
                <lei>549300LMZF40TKJ6DM64</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>GOLDMAN SACHS GROUP INC/THE</name>
                <lei>784F5XWPLTWKTBV3E584</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>BANK OF MONTREAL</name>
                <lei>NQQ6HPCNCCU6TUTQYE16</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>06367WYQ0</cusip>
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                <fairValLevel>2</fairValLevel>
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                    <maturityDt>2024-07-09</maturityDt>
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                <name>GENERAL MILLS INC</name>
                <lei>2TGYMUGI08PO8X8L6150</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>370334CC6</cusip>
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                <name>AMERICAN HONDA FINANCE CORP</name>
                <lei>B6Q2VFHD1797Q7NZ3E43</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>TRUIST FINANCIAL CORP</name>
                <lei>549300DRQQI75D2JP341</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>89788MAF9</cusip>
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                <lei>353800CI5L6DDAN5XZ33</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>BANK OF NOVA SCOTIA/THE</name>
                <lei>L3I9ZG2KFGXZ61BMYR72</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>NATIONAL BANK OF CANADA</name>
                <lei>BSGEFEIOM18Y80CKCV46</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>63307A2Q7</cusip>
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                <name>EVERSOURCE ENERGY</name>
                <lei>SJ7XXD41SQU3ZNWUJ746</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>ATHENE GLOBAL FUNDING</name>
                <lei>549300LM1QSI4MSIL320</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>04685A3B5</cusip>
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                <name>CANADIAN IMPERIAL BANK OF COMMERCE</name>
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                <name>THERMO FISHER SCIENTIFIC INC</name>
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                <name>BANK OF NEW YORK MELLON CORP/THE</name>
                <lei>WFLLPEPC7FZXENRZV188</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <name>DAIMLER TRUCK FINANCE NORTH AMERICA LLC</name>
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                <name>DAIMLER TRUCK FINANCE NORTH AMERICA LLC</name>
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                <name>NATIONAL AUSTRALIA BANK LTD</name>
                <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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                <name>NEW YORK LIFE GLOBAL FUNDING</name>
                <lei>635400DPNHEAUHB7ZI15</lei>
                <title>VAR.RT. CORP. BONDS</title>
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                <lei>R4PP93JZOLY261QX3811</lei>
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                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2026-09-14</maturityDt>
                    <couponKind>Variable</couponKind>
                    <annualizedRt>5.862</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>DNB BANK ASA</name>
                <lei>549300GKFG0RYRRQ1414</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>23341CAC7</cusip>
                <identifiers>
                    <isin value="US23341CAC73"/>
                </identifiers>
                <balance>935000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>936041.9</valUSD>
                <pctVal>0.930891559804</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NO</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2026-10-09</maturityDt>
                    <couponKind>Variable</couponKind>
                    <annualizedRt>5.896</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>FIFTH THIRD BANK NA</name>
                <lei>QFROUN1UWUYU0DVIWD51</lei>
                <title>VAR.RT. CORP. BONDS</title>
                <cusip>31677QBT5</cusip>
                <identifiers>
                    <isin value="US31677QBT58"/>
                </identifiers>
                <balance>665000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>654562.53</valUSD>
                <pctVal>0.650960960766</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2025-10-27</maturityDt>
                    <couponKind>Variable</couponKind>
                    <annualizedRt>5.852</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 total returns provided exclude any applicable sales loads or redemption fees. " noteItem="B.5.a"/>
            <explntrNote note="For certain swaptions, if any, the value provided may include any unpaid or received premium and as a result may be a negative value." noteItem="C.2.c"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either received or paid, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.1"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either paid or received, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.2"/>
        </explntrNotes>
        <signature>
            <ncom:dateSigned>2023-09-25</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam Investments Inc</ncom:nameOfApplicant>
            <ncom:signature>Janet C. Smith</ncom:signature>
            <ncom:signerName>NPORT</ncom:signerName>
            <ncom:title>Principal Financial Officer</ncom:title>
        </signature>
    </formData>
    <documents>XXXX</documents>
</edgarSubmission>
