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          <isin value="US78451FAA49"/>
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          <isin value="US67571BAD55"/>
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        <name>FORT WAYNE IND ECONOMIC DEV SOLID WASTE FAC REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
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          <isin value="US06738ECR45"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COMMONBOND STUDENT LOAN TRUST</name>
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          <isin value="US20268WAB00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BRCK TRUST</name>
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          <isin value="US10635AAE91"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MSWF COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US55376CBL63"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>European Investment Bank</name>
        <lei>5493006YXS1U5GIHE750</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PHILADELPHIA PA REDEV AUTH REV</name>
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        <name>DT MIDSTREAM, INC.</name>
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        <name>United States of America</name>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <name>BRCK TRUST</name>
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        <name>Government National Mortgage Association 2</name>
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      <invstOrSec>
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        <name>SIERRA TIMESHARE RECEIVABLES FUNDING LLC</name>
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      <invstOrSec>
        <name>CHI COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US16706GAA58"/>
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        <name>CITIGROUP COMMERCIAL MORTGAGE TRUST</name>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PAGAYA AI DEBT GRANTOR TRUST</name>
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        <name>BRIDGE HOUSING CORPORATION</name>
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        <cusip>10806CAA6</cusip>
        <identifiers>
          <isin value="US10806CAA62"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA7768</title>
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          <isin value="US36179WTZ13"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TRINITY RAIL LEASING LLC</name>
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          <isin value="US89657MAA80"/>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US05620QAC50"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>ING Bank N.V.</name>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMEN 1.123000% 03/31/2032</title>
        <cusip>459058MA8</cusip>
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          <isin value="XS3239206488"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
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        <title>CARVANA AUTO RECEIVABLES TRUST 2021-N2 CRVNA 2021-N2 C</title>
        <cusip>14686KAD9</cusip>
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          <isin value="US14686KAD90"/>
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          <couponKind>Fixed</couponKind>
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        <name>CITIGROUP GLOBAL MARKETS HOLDINGS INC.</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHNGE MORTGAGE TRUST</name>
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      <invstOrSec>
        <name>JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>VERUS SECURITIZATION TRUST</name>
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        <name>SERVICEMASTER FUNDING LLC</name>
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        <name>COMPASS DATACENTER ISSUER III LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QTS FAYETTEVILLE I DC1-2, LLC</name>
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        <cusip>74751AAA1</cusip>
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          <isin value="US74751AAA16"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GENERAL MOTORS FINANCIAL COMPANY, INC.</name>
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        <cusip>37045XCY0</cusip>
        <identifiers>
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        <balance>1625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1538362.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EXPAND ENERGY CORPORATION</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
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        <cusip>845467AS8</cusip>
        <identifiers>
          <isin value="US845467AS85"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621277.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ARES CAPITAL CORPORATION.</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>ARES CAPITAL CORP 2.875000% 06/15/2028</title>
        <cusip>04010LBB8</cusip>
        <identifiers>
          <isin value="US04010LBB80"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ORACLE CORPORATION</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP 2.875000% 03/25/2031</title>
        <cusip>68389XCE3</cusip>
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          <isin value="US68389XCE31"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AVENTURA MALL VENTURE</name>
        <lei>N/A</lei>
        <title>AVENTURA MALL TRUST AVMT 2018-AVM D</title>
        <cusip>05359AAJ2</cusip>
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          <isin value="US05359AAJ25"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9489</title>
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          <isin value="US36179YRJ54"/>
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        <curCd>USD</curCd>
        <valUSD>1581037.45000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>ABU DHABI NATIONAL ENERGY CO PJSC MTN 5.125000% 08/03/2031</title>
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          <isin value="US00388WAV37"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>ANGLO AMERICAN CAPITAL PLC</name>
        <lei>TINT358G1SSHR3L3PW36</lei>
        <title>ANGLO AMERICAN CAPITAL PLC 144A 3.875000% 03/16/2029</title>
        <cusip>034863BB5</cusip>
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          <isin value="US034863BB50"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195434.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>BENCHMARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BENCHMARK 2025-V13 MORTGAGE TRUST BMARK 2025-V13 C</title>
        <cusip>08164AAN2</cusip>
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          <isin value="US08164AAN28"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1712997.83000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BB BLUE FINANCING DESIGNATED ACTIVITY COMPANY</name>
        <lei>635400ZEZBP91CFF7965</lei>
        <title>BB BLUE FINANCING DAC 4.395000% 09/20/2029</title>
        <cusip>BZ1196170</cusip>
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          <isin value="XS2533146309"/>
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        <balance>2395833.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2322578.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nederlandse Waterschapsbank N.V.</name>
        <lei>JLP5FSPH9WPSHY3NIM24</lei>
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          <isin value="US63983TBU88"/>
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        <curCd>USD</curCd>
        <valUSD>879138.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA8647</title>
        <cusip>36179XTC0</cusip>
        <identifiers>
          <isin value="US36179XTC01"/>
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        <balance>484229.09700000</balance>
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        <curCd>USD</curCd>
        <valUSD>471913.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC 5.674000% 03/12/2028</title>
        <cusip>06738ECP8</cusip>
        <identifiers>
          <isin value="US06738ECP88"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>764414.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.67400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST</name>
        <lei>N/A</lei>
        <title>PAGAYA AI DEBT GRANTOR TRUST 2025-R3 PAID 2025-R3 D</title>
        <cusip>69549EAD4</cusip>
        <identifiers>
          <isin value="US69549EAD40"/>
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        <balance>1643970.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1634855.88000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NJ TRUST</name>
        <lei>N/A</lei>
        <title>NJ TRUST 2023-GSP NJ 2023-GSP A</title>
        <cusip>65486XAA1</cusip>
        <identifiers>
          <isin value="US65486XAA19"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1531120.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.48075960</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AS MILEAGE PLAN IP LTD.</name>
        <lei>N/A</lei>
        <title>AS MILEAGE PLAN IP LTD 144A 5.021000% 10/20/2029</title>
        <cusip>00218QAA8</cusip>
        <identifiers>
          <isin value="US00218QAA85"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3155821.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS TRUST</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2025-C32 BBCMS 2025-C32 D</title>
        <cusip>07337AAT3</cusip>
        <identifiers>
          <isin value="US07337AAT34"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>789615.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEPORT-MCMORAN INC.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC 5.250000% 09/01/2029</title>
        <cusip>35671DCD5</cusip>
        <identifiers>
          <isin value="US35671DCD57"/>
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        <balance>810000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>812948.14000000</valUSD>
        <pctVal>0.104432880172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>NATIONAL FIN AUTH N H INDL DEV REV</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH INDL DEVR NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
        <cusip>63609FAC3</cusip>
        <identifiers>
          <isin value="US63609FAC32"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850000.00000000</valUSD>
        <pctVal>0.109192633304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.84000075</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SFAVE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
        <lei>N/A</lei>
        <title>SFAVE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-5A SFAVE 2015-5AVE A1</title>
        <cusip>78413MAA6</cusip>
        <identifiers>
          <isin value="US78413MAA62"/>
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        <balance>242500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209085.90000000</valUSD>
        <pctVal>0.026859576479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO BANK NV 144A 2.470000% 12/13/2029</title>
        <cusip>00084DAW0</cusip>
        <identifiers>
          <isin value="US00084DAW02"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1891542.52000000</valUSD>
        <pctVal>0.242991186782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.47000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 6.110000% 01/29/2037</title>
        <cusip>59022CAJ2</cusip>
        <identifiers>
          <isin value="US59022CAJ27"/>
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        <balance>1240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1277242.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.11000000</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>
        <name>TESLA AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>TESLA AUTO LEASE TRUST 2024-B TESLA 2024-B A3</title>
        <cusip>881934AD5</cusip>
        <identifiers>
          <isin value="US881934AD58"/>
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        <balance>484195.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484675.74000000</valUSD>
        <pctVal>0.062262376881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.82000000</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>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANCORP 1.707000% 11/01/2027</title>
        <cusip>316773DD9</cusip>
        <identifiers>
          <isin value="US316773DD98"/>
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        <balance>503000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499328.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUMIT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SUMIT 2022-BVUE MORTGAGE TRUST SUMMT 2022-BVUE A</title>
        <cusip>865592AA7</cusip>
        <identifiers>
          <isin value="US865592AA73"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602009.56000000</valUSD>
        <pctVal>0.077335304859</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BENCHMARK 2024-V6 MORTGAGE TRUST BMARK 2024-V6 D</title>
        <cusip>081927AM7</cusip>
        <identifiers>
          <isin value="US081927AM79"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1076497.32000000</valUSD>
        <pctVal>0.138288914253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PTCM RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>PTCM RE-REMIC TRUST 2026-FRR2 PTCM 2026-FRR2 D152</title>
        <cusip>69382UAG1</cusip>
        <identifiers>
          <isin value="US69382UAG13"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS CLO LTD</name>
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        <name>CARMAX SELECT RECEIVABLES TRUST</name>
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        <name>Japan International Cooperation Agency</name>
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        <name>ATHENE GLOBAL FUNDING</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>BSPDF ISSUER LTD</name>
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        <name>Banque africaine de developpement</name>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>INTER AMERICAN DEVELOPMENT BANK</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>EXETER AUTOMOBILE RECEIVABLES TRUST 2024-5 EART 2024-5A D</title>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-1 WLAKE 2025-1A D</title>
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        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2022-HC MORTGAGE TRUST COMM 2022-HC C</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITADEL FINANCE LLC</name>
        <lei>549300BQL283NCR7P163</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>RFM RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>RFM REREMIC TRUST 2022-FRR1 RFM 2022-FRR1 AK64</title>
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          <isin value="US74971BAY11"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046550.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.81000160</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARVAL CLO LTD</name>
        <lei>N/A</lei>
        <title>CARVAL CLO XII-C LTD CARVL 2025-1A C</title>
        <cusip>14687YAG1</cusip>
        <identifiers>
          <isin value="US14687YAG17"/>
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        <balance>1395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1397509.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.62920840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHOPS COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>SHOPS COMMERCIAL MORTGAGE TRUST 2026-CSTL SHOPS 2026-CSTL A</title>
        <cusip>82510YAA4</cusip>
        <identifiers>
          <isin value="US82510YAA47"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491042.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.81052880</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLUE OWL CREDIT INCOME CORP.</name>
        <lei>5493003I42XBWPE05N35</lei>
        <title>BLUE OWL CREDIT INCOME CORP 7.750000% 01/15/2029</title>
        <cusip>69120VAW1</cusip>
        <identifiers>
          <isin value="US69120VAW19"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>982303.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WLB ASSET II D PTE. LTD.</name>
        <lei>549300RHQSFI6RYM6N43</lei>
        <title>WLB ASSET II D PTE LTD 144A 6.500000% 12/21/2026</title>
        <cusip>ZN8384739</cusip>
        <identifiers>
          <isin value="XS2563978381"/>
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        <balance>978522.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>952046.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOSAIC SOLAR LOAN TRUST</name>
        <lei>N/A</lei>
        <title>MOSAIC SOLAR LOAN TRUST 2022-1 MSAIC 2022-1A B</title>
        <cusip>61946QAB7</cusip>
        <identifiers>
          <isin value="US61946QAB77"/>
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        <balance>893445.80500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>581334.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.16000000</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>MASSACHUSETTS ST HSG FIN AGY HSG REV</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST HSG FIN AGY H MASSACHUSETTS HOUSING FINANCE AGENCY</title>
        <cusip>57587G5N1</cusip>
        <identifiers>
          <isin value="US57587G5N12"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
        <pctVal>0.064230960767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.71999970</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>CFCRE COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CFCRE COMMERCIAL MORTGAGE TRUST 2016-C6 CFCRE 2016-C6 AM</title>
        <cusip>12532ABA6</cusip>
        <identifiers>
          <isin value="US12532ABA60"/>
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        <balance>3005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2972490.41000000</valUSD>
        <pctVal>0.381851829810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.50200080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLUB CAPITAL PARTNERS CLO LTD</name>
        <lei>N/A</lei>
        <title>GOLUB CAPITAL PARTNERS CLO 47M LTD GOCAP 2020-47A A1AR</title>
        <cusip>381948AA6</cusip>
        <identifiers>
          <isin value="US381948AA64"/>
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        <balance>1385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1380669.11000000</valUSD>
        <pctVal>0.177363406873</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.27811120</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025- ACAR 2025-4 D</title>
        <cusip>024948AG6</cusip>
        <identifiers>
          <isin value="US024948AG64"/>
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        <balance>1515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1507032.46000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BBCMS TRUST</name>
        <lei>N/A</lei>
        <title>BBCMS MORTGAGE TRUST 2017-C1 BBCMS 2017-C1 A4</title>
        <cusip>07332VBD6</cusip>
        <identifiers>
          <isin value="US07332VBD64"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>864154.82000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ONE BRYANT PARK TRUST</name>
        <lei>N/A</lei>
        <title>ONE BRYANT PARK TRUST 2019-OBP OBP 2019-OBP A</title>
        <cusip>68236JAA9</cusip>
        <identifiers>
          <isin value="US68236JAA97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>920214.40000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51641000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CF MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CANTOR COMMERCIAL REAL ESTATE LENDING 2019-CF2 CF 2019-CF2 E</title>
        <cusip>12528YAV5</cusip>
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          <isin value="US12528YAV56"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1449236.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BRAVO RESIDENTIAL FUNDING TRUST</name>
        <lei>N/A</lei>
        <title>BRAVO RESIDENTIAL FUNDING TRUST SERIES 2026-NQM5 BRAVO 2026-NQM5 M1</title>
        <cusip>10570YAL8</cusip>
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          <isin value="US10570YAL83"/>
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        <balance>1040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1034490.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.96000160</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>IOWA FIN AUTH MULTI FAMILY REV</name>
        <lei>N/A</lei>
        <title>IOWA ST FIN AUTH MF REVENUE IOWA FINANCE AUTHORITY</title>
        <cusip>46246JNP6</cusip>
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          <isin value="US46246JNP65"/>
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        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415957.61000000</valUSD>
        <pctVal>0.053434713857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BMO MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMO 2024-5C5 MORTGAGE TRUST BMO 2024-5C5 D</title>
        <cusip>05593RAL6</cusip>
        <identifiers>
          <isin value="US05593RAL69"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1241457.98000000</valUSD>
        <pctVal>0.159480077614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA REDEV AUTH REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA PA REDEV AUTH REDEVELOPMENT AUTHORITY OF THE CITY OF PHILADELPHI</title>
        <cusip>717868LH4</cusip>
        <identifiers>
          <isin value="US717868LH40"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1282406.32000000</valUSD>
        <pctVal>0.164740380054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12300000</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>STATE STREET CORPORATION</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET INSTITUTIONAL INV TST US GVT INSTL</title>
        <cusip>857492573</cusip>
        <identifiers>
          <ticker value="SAHXX"/>
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        <balance>2124127.50</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2124127.50</valUSD>
        <pctVal>0.272869500233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2124127.50" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CF MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CANTOR COMMERCIAL REAL ESTATE LENDING 2019-CF2 CF 2019-CF2 A5</title>
        <cusip>12528YAF0</cusip>
        <identifiers>
          <isin value="US12528YAF07"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>496394.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87440000</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>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9780</title>
        <cusip>36179Y2M5</cusip>
        <identifiers>
          <isin value="US36179Y2M52"/>
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        <balance>5172199.51600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5262978.60000000</valUSD>
        <pctVal>0.676092343949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OBX TRUST</name>
        <lei>N/A</lei>
        <title>OBX 2026-NQM7 TRUST OBX 2026-NQM7 A3</title>
        <cusip>67124HAJ1</cusip>
        <identifiers>
          <isin value="US67124HAJ14"/>
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        <balance>907946.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>902734.61000000</valUSD>
        <pctVal>0.115967022636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.64300000</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>BX COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BX COMMERCIAL MORTGAGE TRUST 2022-AHP BX 2022-AHP AS</title>
        <cusip>05610FAB3</cusip>
        <identifiers>
          <isin value="US05610FAB31"/>
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        <balance>1750000.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1749999.83000000</valUSD>
        <pctVal>0.224808340846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16637080</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>Citibank National Association</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>CITIBANK NA 4.876000% 11/19/2027</title>
        <cusip>17325FBL1</cusip>
        <identifiers>
          <isin value="US17325FBL13"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001618.99000000</valUSD>
        <pctVal>0.128669900100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST</name>
        <lei>N/A</lei>
        <title>RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST 2026-2 RPM 2026-2A A4</title>
        <cusip>76091HAD4</cusip>
        <identifiers>
          <isin value="US76091HAD44"/>
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        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788649.26000000</valUSD>
        <pctVal>0.101311399356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62000000</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>MONTGOMERY CNTY MD HSG OPPTYS COMMN LTD OBLIG</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY MD HSG OPPORTU MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>61335AAE5</cusip>
        <identifiers>
          <isin value="US61335AAE55"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249439.75000000</valUSD>
        <pctVal>0.032043509592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.48200000</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>HUDSON YARDS MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>HUDSON YARDS 2025-SPRL MORTGAGE TRUST HY 2025-SPRL D</title>
        <cusip>44855PAG3</cusip>
        <identifiers>
          <isin value="US44855PAG37"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2027237.80000000</valUSD>
        <pctVal>0.260422863194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.55092000</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>COMPASS DATACENTER ISSUER III LLC</name>
        <lei>N/A</lei>
        <title>COMPASS DATACENTERS ISSUER III LLC CMDC 2026-1A A21</title>
        <cusip>20469BAF4</cusip>
        <identifiers>
          <isin value="US20469BAF40"/>
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        <balance>1090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1062246.75000000</valUSD>
        <pctVal>0.136458258648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.89700000</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>JACKSON NATIONAL LIFE GLOBAL FUNDING</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>JACKSON NATIONAL LIFE GLOBAL FUNDING 144A 5.350000% 01/13/2030</title>
        <cusip>46849LVE8</cusip>
        <identifiers>
          <isin value="US46849LVE81"/>
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        <balance>3360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3362176.71000000</valUSD>
        <pctVal>0.431911680704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</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>DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>DRIVE AUTO RECEIVABLES TRUST 2025-S1 DRIVE 2025-S1 R2</title>
        <cusip>26210HAB9</cusip>
        <identifiers>
          <isin value="US26210HAB96"/>
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        <balance>1538623.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1543936.65000000</valUSD>
        <pctVal>0.198337068786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.26000000</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>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2 WLAKE 2025-2A D</title>
        <cusip>96041KAG9</cusip>
        <identifiers>
          <isin value="US96041KAG94"/>
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        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244308.07000000</valUSD>
        <pctVal>0.031384284118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.08000000</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>PAGAYA AI DEBT GRANTOR TRUST</name>
        <lei>N/A</lei>
        <title>PAGAYA AI DEBT GRANTOR TRUST 2025-1 PAID 2025-1 D</title>
        <cusip>69544NAE7</cusip>
        <identifiers>
          <isin value="US69544NAE76"/>
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        <balance>487777.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488123.05000000</valUSD>
        <pctVal>0.062705224948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.28200000</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>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA 6.625000% 04/01/2055</title>
        <cusip>816851BU2</cusip>
        <identifiers>
          <isin value="US816851BU28"/>
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        <balance>2029000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2037538.03000000</valUSD>
        <pctVal>0.261746050532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA8487</title>
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        <name>PAGAYA POINT OF SALE HOLDINGS TRUST</name>
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        <name>GLS AUTO RECEIVABLES TRUST</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>BBCMS TRUST</name>
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      <invstOrSec>
        <name>AMERICAN NATIONAL GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VERIZON COMMUNICATIONS INC.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMURFIT KAPPA TREASURY UNLIMITED COMPANY</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CONSUMERS SECURITIZATION FUNDING LLC</name>
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          <isin value="US21071BAA35"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>XPLR INFRASTRUCTURE OPERATING PARTNERS, LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AGL CLO LTD</name>
        <lei>N/A</lei>
        <title>AGL CLO 16 LTD AGL 2021-16A DR</title>
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          <isin value="US00120LAL27"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PMT LOAN TRUST</name>
        <lei>N/A</lei>
        <title>PMT LOAN TRUST 2025-INV11 PMTLT 2025-INV11 A36</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY CAPITAL I TRUST</name>
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        <cusip>61691QAK4</cusip>
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          <isin value="US61691QAK40"/>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>KEB Hana Bank</name>
        <lei>6RPK2YDJN6L35AS0M510</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>AREIT LTD.</name>
        <lei>N/A</lei>
        <title>AREIT 2025-CRE11 AREIT 2025-CRE11 A</title>
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        <identifiers>
          <isin value="US04002DAA90"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ANTARES CLO LTD</name>
        <lei>N/A</lei>
        <title>ANTARES CLO 2023-1 LTD ANTR 2023-1A A2R</title>
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          <isin value="US03665GAP90"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>THE CONSERVATION FUND, A NONPROFIT CORPORATION</name>
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          <isin value="US20848FAA84"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FOUNDATION FINANCE TRUST</name>
        <lei>N/A</lei>
        <title>FOUNDATION FINANCE TRUST 2023-2 FFIN 2023-2A C</title>
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        <name>VERUS SECURITIZATION TRUST</name>
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          <isin value="US92490FAM23"/>
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      <invstOrSec>
        <name>ORACLE CORPORATION</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <title>BX COMMERCIAL MORTGAGE TRUST 2026-AHP BX 2026-AHP C</title>
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          <isin value="US05620QAE17"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>AIRCASTLE LIMITED</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HANWHA Q CELLS AMERICAS HOLDINGS CORP.</name>
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        <cusip>DK7395736</cusip>
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          <isin value="XS3385475101"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9907</title>
        <cusip>36180AAG8</cusip>
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          <isin value="US36180AAG85"/>
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        <curCd>USD</curCd>
        <valUSD>50705.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEUBERGER BERMAN LOAN ADVISERS LLC</name>
        <lei>N/A</lei>
        <title>NEUBERGER BERMAN LOAN ADVISERS CLO 35 LTD NEUB 2019-35A DR</title>
        <cusip>64133CAW9</cusip>
        <identifiers>
          <isin value="US64133CAW91"/>
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        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3177152.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-19</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GLS AUTO RECEIVABLES TRUST</name>
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        <title>GLS AUTO RECEIVABLES ISSUER TRUST 2026-1 GCAR 2026-1A D</title>
        <cusip>36274AAF7</cusip>
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          <isin value="US36274AAF75"/>
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        <balance>2295000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COREBRIDGE FINANCIAL, INC.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC 6.875000% 12/15/2052</title>
        <cusip>21871XAP4</cusip>
        <identifiers>
          <isin value="US21871XAP42"/>
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        <balance>4123000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4170649.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-4 SDART 2025-4 D</title>
        <cusip>802923AF9</cusip>
        <identifiers>
          <isin value="US802923AF97"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394866.40000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kuntarahoitus Oyj</name>
        <lei>529900HEKOENJHPNN480</lei>
        <title>KUNTARAHOITUS OYJ 144A 3.625000% 10/09/2029</title>
        <cusip>62628PAG1</cusip>
        <identifiers>
          <isin value="US62628PAG19"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>976185.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BPR TRUST</name>
        <lei>N/A</lei>
        <title>BPR TRUST 2023-BRK2 BPR 2023-BRK2 C</title>
        <cusip>05610WAE0</cusip>
        <identifiers>
          <isin value="US05610WAE03"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1538134.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.63034120</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>LPL HOLDINGS, INC.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL HOLDINGS INC 5.150000% 06/15/2030</title>
        <cusip>50212YAP9</cusip>
        <identifiers>
          <isin value="US50212YAP97"/>
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        <balance>3190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3173548.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>METRONET INFRASTRUCTURE ISSUER LLC</name>
        <lei>N/A</lei>
        <title>METRONET INFRASTRUCTURE ISSUER LLC MNET 2025-2A A2</title>
        <cusip>59170JAX6</cusip>
        <identifiers>
          <isin value="US59170JAX63"/>
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        <balance>1935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1931183.21000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>EXETER AUTOMOBILE RECEIVABLES TRUST 2026-2 EART 2026-2A D</title>
        <cusip>30166WAF3</cusip>
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          <isin value="US30166WAF32"/>
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        <balance>1685000.00000000</balance>
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        <valUSD>1679850.47000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51000000</annualizedRt>
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        <name>SPACE EXPLORATION TECHNOLOGIES CORP.</name>
        <lei>549300B9WLO96RQCXP87</lei>
        <title>SPACE EXPLORATION TECHNOLOGIES CORP 144A 5.350000% 07/15/2031</title>
        <cusip>84615QAA1</cusip>
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          <isin value="US84615QAA13"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BX COMMERCIAL MORTGAGE TRUST 2026-VLT9 BX 2026-VLT9 A</title>
        <cusip>05618UAA4</cusip>
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          <isin value="US05618UAA43"/>
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        <curCd>USD</curCd>
        <valUSD>937652.26000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37636960</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TERRAFORM POWER OPERATING, LLC</name>
        <lei>N/A</lei>
        <title>TERRAFORM POWER OPERATING, LLC 5/21/2029</title>
        <cusip>88103NAL4</cusip>
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          <other otherDesc="All Others" value="LX211206"/>
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        <balance>1483040.22000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1479955.50000000</valUSD>
        <pctVal>0.190117927315</pctVal>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.69961000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STARWOOD PROPERTY TRUST, INC.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST INC 144A 6.000000% 04/15/2030</title>
        <cusip>85571BBC8</cusip>
        <identifiers>
          <isin value="US85571BBC81"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360939.96000000</valUSD>
        <pctVal>0.046367040820</pctVal>
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        <name>ARIZONA INDL DEV AUTH REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>M&amp;T BANK CORPORATION</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
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        <name>SOFI CONSUMER LOAN PROGRAM LLC</name>
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        <name>Truist Financial Corporation</name>
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        <name>WLB Asset VII Pte. Ltd.</name>
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        <name>NORFOLK SOUTHERN CORPORATION</name>
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        <name>SOLAR STAR FUNDING, LLC</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-12</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2022-R02 CAS 2022-R02 2B1</title>
        <cusip>20754BAF8</cusip>
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          <isin value="US20754BAF85"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>BANK5</name>
        <lei>N/A</lei>
        <title>BANK5 2024-5YR12 BANK5 2024-5YR12 C</title>
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          <isin value="US06644XBY13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <title>CONNECTICUT AVENUE SECURITIES TRUST 2022-R05 CAS 2022-R05 2B1</title>
        <cusip>20754DAF4</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>GS MORTGAGE SECURITIES TRUST</name>
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        <title>GS MORTGAGE SECURITIES TRUST 2019-GC39 GSMS 2019-GC39 AAB</title>
        <cusip>36260JAE7</cusip>
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          <isin value="US36260JAE73"/>
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        <balance>416212.31000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OCTANE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>OCTANE RECEIVABLES TRUST 2023-3 OCTL 2023-3A D</title>
        <cusip>67571CAE1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.58000000</annualizedRt>
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        <name>BRAVO RESIDENTIAL FUNDING TRUST</name>
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        <cusip>10570BAC8</cusip>
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          <isin value="US10570BAC81"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>COLT 2024-5 MORTGAGE LOAN TRUST COLT 2024-5 M1</title>
        <cusip>19685AAD1</cusip>
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          <isin value="US19685AAD19"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>KfW</name>
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        <title>KREDITANSTALT FUER WIEDERAUFBAU 1.750000% 09/14/2029</title>
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          <isin value="US500769JD71"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TESLA ELECTRIC VEHICLE TRUST</name>
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          <isin value="US881943AD65"/>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <title>CPS AUTO RECEIVABLES TRUST 2026-A CPS 2026-A D</title>
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          <isin value="US22410MAD11"/>
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        <name>CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV</name>
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          <isin value="US13034DCJ19"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60700000</annualizedRt>
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        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-1 WLAKE 2024-1A D</title>
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        <name>BANK</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BBCMS TRUST</name>
        <lei>N/A</lei>
        <title>BBCMS TRUST 2015-SRCH BBCMS 2015-SRCH B</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9242</title>
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          <isin value="US36179YHT47"/>
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        <curCd>USD</curCd>
        <valUSD>3474339.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRCK TRUST</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US10635AAG40"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>591759.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC</name>
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        <cusip>13005HAA8</cusip>
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          <isin value="US13005HAA86"/>
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        <balance>2675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2637614.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIDIUM FIBER LLC</name>
        <lei>N/A</lei>
        <title>CONSOLIDATED COMMUNICATIONS LLC/FIDIUM FIBER FINAN CNSL 2025-4A C</title>
        <cusip>315961AE2</cusip>
        <identifiers>
          <isin value="US315961AE29"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4575765.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Alcoa Nederland Holding B.V.</name>
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        <cusip>013822AH4</cusip>
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          <isin value="US013822AH42"/>
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        <curCd>USD</curCd>
        <valUSD>704486.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>BMO MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BMO 2024-5C8 MORTGAGE TRUST BMO 2024-5C8 D</title>
        <cusip>09661XAL2</cusip>
        <identifiers>
          <isin value="US09661XAL29"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1070006.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE TORONTO-DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO-DOMINION BANK/THE 5.146000% 09/10/2034</title>
        <cusip>89116CQJ9</cusip>
        <identifiers>
          <isin value="US89116CQJ98"/>
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        <balance>2935000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2929378.30000000</valUSD>
        <pctVal>0.376313565318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.14600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>TD 5.146 09/10/2034</title>
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          <currencyInfos>
            <currencyInfo convRatio="1" curCd="USD"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>VERUS SECURITIZATION TRUST 2026-1 VERUS 2026-1 M1</title>
        <cusip>92541JAN1</cusip>
        <identifiers>
          <isin value="US92541JAN19"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1632017.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.67000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>DLIC RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>DLIC RE-REMIC TRUST 2025-FRR1 DLIC 2025-FRR1 CK57</title>
        <cusip>255928AE3</cusip>
        <identifiers>
          <isin value="US255928AE37"/>
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        <balance>1565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1558820.44000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.27352160</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PHILADELPHIA PA REDEV AUTH REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA PA REDEV AUTH REDEVELOPMENT AUTHORITY OF THE CITY OF PHILADELPHI</title>
        <cusip>717868KK8</cusip>
        <identifiers>
          <isin value="US717868KK87"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>538050.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BENCHMARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>BENCHMARK 2021-B25 MORTGAGE TRUST BMARK 2021-B25 A5</title>
        <cusip>08163DAE7</cusip>
        <identifiers>
          <isin value="US08163DAE76"/>
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        <balance>830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736619.77000000</valUSD>
        <pctVal>0.094627591094</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.57700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2022-DNA6 STACR 2022-DNA6 M1B</title>
        <cusip>35564KH44</cusip>
        <identifiers>
          <isin value="US35564KH446"/>
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        <balance>2740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2813651.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.31607840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NHP FOUNDATION (THE)</name>
        <lei>N/A</lei>
        <title>NHP FOUNDATION/THE 5.850000% 12/01/2028</title>
        <cusip>62925MAA1</cusip>
        <identifiers>
          <isin value="US62925MAA18"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254782.25000000</valUSD>
        <pctVal>0.032729817407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARDEES FUNDING LLC</name>
        <lei>N/A</lei>
        <title>HARDEE'S FUNDING LLC HNGRY 2021-1A A2</title>
        <cusip>411707AK8</cusip>
        <identifiers>
          <isin value="US411707AK84"/>
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        <balance>1306250.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1225121.56000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.86500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ERP OPERATING LIMITED PARTNERSHIP</name>
        <lei>DX5HQV5MLU50FEWZ5072</lei>
        <title>ERP OPERATING LP 4.150000% 12/01/2028</title>
        <cusip>26884ABK8</cusip>
        <identifiers>
          <isin value="US26884ABK88"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>988081.75000000</valUSD>
        <pctVal>0.126930880237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</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>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO 3.550000% MATURITY: PERPETUAL</title>
        <cusip>025816CH0</cusip>
        <identifiers>
          <isin value="US025816CH00"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359098.52000000</valUSD>
        <pctVal>0.046130485899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TRINITY RAIL LEASING LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LOS ANGELES CALIF DEPT ARPTS CUSTOMER FAC CHARGE REV</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SOFI CONSUMER LOAN PROGRAM LLC</name>
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        <name>Swedbank AB</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>The Arab Energy Fund</name>
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        <issuerCat>NUSS</issuerCat>
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        <name>ARES CAPITAL CORPORATION.</name>
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        <name>DRIVE AUTO RECEIVABLES TRUST</name>
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        <title>DRIVE AUTO RECEIVABLES TRUST 2025-2 DRIVE 2025-2 D</title>
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          <couponKind>Fixed</couponKind>
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        <name>BBCMS TRUST</name>
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        <title>BBCMS 2018-CHRS MORTGAGE TRUST BBCMS 2018-CHRS D</title>
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        <name>NEW YORK ST ENERGY RESH &amp; DEV AUTH RESIDENTIAL CLEAN ENERGY &amp; ENERGY EFFICIENCY FING GREEN</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ISKANDAR ENTERPRISE LLC</name>
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        <name>METRONET INFRASTRUCTURE ISSUER LLC</name>
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        <name>GOLUB CAPITAL PARTNERS CLO LTD</name>
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        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
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        <name>OMERS Finance Trust</name>
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        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
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          <isin value="US80288DAF33"/>
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        <name>OWS CRE FDG I LLC</name>
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        <name>NRG ENERGY, INC.</name>
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        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HANWHA FUTUREPROOF CORP.</name>
        <lei>9884007L4WD2KH9RM154</lei>
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        <cusip>41090AAA0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CONSOLIDATED COMMUNICATIONS LLC</name>
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        <cusip>209031AB9</cusip>
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          <isin value="US209031AB98"/>
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        <fairValLevel>2</fairValLevel>
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        <name>STARWOOD PROPERTY TRUST, INC.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST INC 144A 5.250000% 10/15/2028</title>
        <cusip>85571BBF1</cusip>
        <identifiers>
          <isin value="US85571BBF13"/>
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        <balance>180000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>International Development Association</name>
        <lei>P41R60HC414IWQA1XW02</lei>
        <title>INTERNATIONAL DEVELOPMENT ASSOCIATION 144A 4.000000% 06/11/2030</title>
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          <isin value="US45939E2E92"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SEACUBE CONTAINER CLIF</name>
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        <title>CLI FUNDING VI LLC CLIF 2020-1A A</title>
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        <name>INTERNATIONAL FINANCE FACILITY FOR IMMUNISATION COMPANY</name>
        <lei>549300ILK2NRULX3HX87</lei>
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        <name>MADISON PARK FUNDING, LTD.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL FIN AUTH N H INDL DEV REV</name>
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        <title>NATIONAL FIN AUTH NH INDL DEVR NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FREDDIE MAC MULTICLASS CERTIFICATES SERIES 2024-P0 FHMR 2024-P016 A2</title>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <title>CPS AUTO RECEIVABLES TRUST 2023-D CPS 2023-D D</title>
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        <name>VERUS SECURITIZATION TRUST</name>
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        <title>VERUS SECURITIZATION TRUST 2025-3 VERUS 2025-3 A1</title>
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          <isin value="US924928AA24"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WLB Asset VI Pte. Ltd.</name>
        <lei>254900M29A8RHZTF4J92</lei>
        <title>WLB ASSET VI PTE LTD 144A 7.250000% 12/21/2027</title>
        <cusip>ZG6473158</cusip>
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          <isin value="XS2723388174"/>
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        <valUSD>1004207.51000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REPSOL E&amp;P CAPITAL MARKETS US LLC</name>
        <lei>894500D0J12FRZ3Q0M15</lei>
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        <cusip>76026AAB3</cusip>
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          <isin value="US76026AAB35"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20400000</annualizedRt>
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      <invstOrSec>
        <name>SALESFORCE, INC.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC 5.550000% 03/15/2036</title>
        <cusip>79466LAU8</cusip>
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          <isin value="US79466LAU89"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633834.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>METROPOLITAN LIFE GLOBAL FUNDING I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>METROPOLITAN LIFE GLOBAL FUNDING I 144A 4.400000% 06/30/2027</title>
        <cusip>59217GFB0</cusip>
        <identifiers>
          <isin value="US59217GFB05"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000931.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL, INC.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC 5.125000% 03/01/2052</title>
        <cusip>744320BJ0</cusip>
        <identifiers>
          <isin value="US744320BJ04"/>
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        <balance>1535000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1491506.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK STATE ELECTRIC &amp; GAS CORPORATION</name>
        <lei>549300GEC6J0YHUXA160</lei>
        <title>NEW YORK STATE ELECTRIC &amp; GAS CORP 144A 2.150000% 10/01/2031</title>
        <cusip>649840CT0</cusip>
        <identifiers>
          <isin value="US649840CT03"/>
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        <balance>1202000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048299.26000000</valUSD>
        <pctVal>0.134666537282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AGL CLO LTD</name>
        <lei>N/A</lei>
        <title>AGL CLO 11 LTD AGL 2021-11A CR</title>
        <cusip>00851TAW6</cusip>
        <identifiers>
          <isin value="US00851TAW62"/>
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        <balance>1655000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1656568.94000000</valUSD>
        <pctVal>0.212806029186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.70291840</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNNOVA HELIOS ISSUER LLC</name>
        <lei>N/A</lei>
        <title>SUNNOVA HELIOS XII ISSUER LLC SNVA 2023-B A</title>
        <cusip>86745YAA2</cusip>
        <identifiers>
          <isin value="US86745YAA29"/>
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        <balance>812387.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>756133.88000000</valUSD>
        <pctVal>0.097134411161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</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>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE POOL FN BM7558</title>
        <cusip>3140JCMG6</cusip>
        <identifiers>
          <isin value="US3140JCMG65"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001691.45000000</valUSD>
        <pctVal>0.128679208451</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13629640</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>MOBILITY GLOBAL INC.</name>
        <lei>2549005RG02MFEFPS959</lei>
        <title>MOBILITY GLOBAL INC 144A 5.450000% 06/15/2031</title>
        <cusip>60744MAB2</cusip>
        <identifiers>
          <isin value="US60744MAB28"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2996227.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ZAYO ISSUER, LLC</name>
        <lei>N/A</lei>
        <title>ZAYO ISSUER LLC ZAYO 2025-1A C</title>
        <cusip>98919WAE3</cusip>
        <identifiers>
          <isin value="US98919WAE30"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4613238.90000000</valUSD>
        <pctVal>0.592625533590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.65900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIVINT SOLAR FINANCING V LLC</name>
        <lei>N/A</lei>
        <title>VIVINT SOLAR FINANCING V LLC VSLR 2018-1A B</title>
        <cusip>92854VAB1</cusip>
        <identifiers>
          <isin value="US92854VAB18"/>
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        <balance>81943.49500000</balance>
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        <curCd>USD</curCd>
        <valUSD>80549.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OBX TRUST</name>
        <lei>N/A</lei>
        <title>OBX 2025-NQM17 TRUST OBX 2025-NQM17 M1</title>
        <cusip>67122JAF7</cusip>
        <identifiers>
          <isin value="US67122JAF75"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2273501.70000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.82099840</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST</name>
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        <title>PAGAYA AI DEBT GRANTOR TRUST 2025-5 PAID 2025-5 D</title>
        <cusip>69548WAE3</cusip>
        <identifiers>
          <isin value="US69548WAE30"/>
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        <balance>719972.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>718515.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.86500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>GAM RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>GAM RE-REMIC TRUST 2021-FRR1 GAM 2021-FRR1 1C</title>
        <cusip>364614AE7</cusip>
        <identifiers>
          <isin value="US364614AE77"/>
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        <curCd>USD</curCd>
        <valUSD>1130645.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-29</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2022-DNA6 STACR 2022-DNA6 M2</title>
        <cusip>35564KH77</cusip>
        <identifiers>
          <isin value="US35564KH776"/>
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        <curCd>USD</curCd>
        <valUSD>1696684.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.36608040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WENDYS FUNDING LLC</name>
        <lei>N/A</lei>
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          <isin value="US95058XAR98"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PAGAYA AI DEBT GRANTOR TRUST</name>
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        <cusip>69544TAE4</cusip>
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          <isin value="US69544TAE47"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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          <isin value="US30167PAF71"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2030-06-17</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <title>GINNIE MAE II POOL G2 MA9606</title>
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          <isin value="US36179YU776"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nederlandse Waterschapsbank N.V.</name>
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          <isin value="US63983TEJ07"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BRIDGECREST LENDING AUTO SECURITIZATION TRUST</name>
        <lei>N/A</lei>
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        <cusip>10807VAF2</cusip>
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          <couponKind>Fixed</couponKind>
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        <name>OCTANE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>OCTANE RECIEVABLES TRUST 2024-RPT1 OCTL 2024-RPT1 R1</title>
        <cusip>67578QAA1</cusip>
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          <isin value="US67578QAA13"/>
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        <valUSD>3875000.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Japan Bank for International Cooperation</name>
        <lei>549300TJ3QFYVCTSCJ29</lei>
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        <cusip>471048CU0</cusip>
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          <isin value="US471048CU09"/>
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        <balance>2046000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2045830.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>SUNRUN NEPTUNE ISSUER LLC</name>
        <lei>N/A</lei>
        <title>SUNRUN NEPTUNE ISSUER 2024-1 LLC SUNRN 2024-1A A</title>
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          <isin value="US86773CAA53"/>
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        <balance>1182922.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1160848.68000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <title>CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</title>
        <cusip>13013JBN5</cusip>
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          <isin value="US13013JBN54"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MB0485</title>
        <cusip>3618N5RF8</cusip>
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          <isin value="US3618N5RF86"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>YMCA of Greater New York</name>
        <lei>N/A</lei>
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        <cusip>98425BAX4</cusip>
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          <isin value="US98425BAX47"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>490735.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18400000</annualizedRt>
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        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA8201</title>
        <cusip>36179XDE3</cusip>
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          <isin value="US36179XDE31"/>
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        <valUSD>274605.34000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>GOLUB CAPITAL PARTNERS CLO LTD</name>
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        <title>GOLUB CAPITAL PARTNERS CLO 92M GOCAP 2026-92A C</title>
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          <isin value="US38182RAE09"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC STACR REMIC TRUST</name>
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        <title>FREDDIE MAC STACR REMIC TRUST 2023-DNA1 STACR 2023-DNA1 M2</title>
        <cusip>35564KP94</cusip>
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          <isin value="US35564KP944"/>
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        <curCd>USD</curCd>
        <valUSD>2571250.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.11674080</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BRIDGECREST LENDING AUTO SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2025 BLAST 2025-2 D</title>
        <cusip>10807HAF3</cusip>
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          <isin value="US10807HAF38"/>
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        <balance>3055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3076303.13000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>INTER AMERICAN DEVELOPMENT BANK</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>INTER-AMERICAN DEVELOPMENT BANK MTN 3.802000% 11/12/2030</title>
        <cusip>U4582NQS6</cusip>
        <identifiers>
          <isin value="XS3227304626"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>962063.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-12</maturityDt>
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        <name>PAGAYA AI DEBT GRANTOR TRUST</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>PUBLIC FIN AUTH WIS REV</name>
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        <name>United States of America</name>
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        <name>CVS LEASE BACKED PASS THROUGH SERIES TRUST</name>
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        <name>CSAIL COMMERCIAL MORTGAGE TRUST</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Holdings USA, Inc.</name>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <name>OCTANE RECEIVABLES TRUST</name>
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        <title>OCTANE RECEIVABLES TRUST 2024-2 OCTL 2024-2A E</title>
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        <name>BBCMS TRUST</name>
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        <name>MVW OWNER TRUST</name>
        <lei>N/A</lei>
        <title>MVW 2024-1 LLC MVWOT 2024-1A C</title>
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        <name>NEW YORK ST ENERGY RESH &amp; DEV AUTH RESIDENTIAL CLEAN ENERGY &amp; ENERGY EFFICIENCY FING GREEN</name>
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        <name>FIVE MORTGAGE TRUST</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>GLS AUTO RECEIVABLES TRUST</name>
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      <invstOrSec>
        <name>SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Vistra Zero Opt Co, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WESTLAKE AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2026-1 WLAKE 2026-1A D</title>
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        <name>AVILEASE CAPITAL LIMITED</name>
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        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Government National Mortgage Association 2</name>
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        <lei>N/A</lei>
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        <name>Government National Mortgage Association 2</name>
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        <name>GOLUB CAPITAL BDC, INC.</name>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <name>FIVE MORTGAGE TRUST</name>
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        <title>FIVE 2023-V1 MORTGAGE TRUST F1VE 2023-V1 D</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE REMICS FNR 2022-70 FA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.47608160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAM RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>GAM RE-REMIC TRUST 2022-FRR3 GAM 2022-FRR3 BK71</title>
        <cusip>36459DCE9</cusip>
        <identifiers>
          <isin value="US36459DCE94"/>
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        <balance>1330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1230219.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.93209840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVANGRID, INC.</name>
        <lei>549300OX0Q38NLSKPB49</lei>
        <title>AVANGRID INC 3.800000% 06/01/2029</title>
        <cusip>05351WAB9</cusip>
        <identifiers>
          <isin value="US05351WAB90"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1941583.66000000</valUSD>
        <pctVal>0.249419567782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAM RE-REMIC TRUST</name>
        <lei>N/A</lei>
        <title>GAM RE-REMIC TRUST 2021-FRR2 GAM 2021-FRR2 AK74</title>
        <cusip>36459TBL9</cusip>
        <identifiers>
          <isin value="US36459TBL98"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1376304.15000000</valUSD>
        <pctVal>0.176802675724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO GAS &amp; ELECTRIC COMPANY</name>
        <lei>KNIRVXKVNJJ4P8OTMS63</lei>
        <title>SAN DIEGO GAS &amp; ELECTRIC CO 4.950000% 08/15/2028</title>
        <cusip>797440CE2</cusip>
        <identifiers>
          <isin value="US797440CE27"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005253.88000000</valUSD>
        <pctVal>0.129136845054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CPTS MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CENTURY PLAZA TOWERS 2019-CPT CPTS 2019-CPT B</title>
        <cusip>12654YAE9</cusip>
        <identifiers>
          <isin value="US12654YAE95"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>912429.10000000</valUSD>
        <pctVal>0.117212395449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.09669480</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLOUD CAPITAL DATA CENTERS</name>
        <lei>N/A</lei>
        <title>LOHRASP ENTERPRISE II LLC CLDCP 2026-1A A21</title>
        <cusip>54143VAA4</cusip>
        <identifiers>
          <isin value="US54143VAA44"/>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289375.17000000</valUSD>
        <pctVal>0.037173690382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9669</title>
        <cusip>36179YW67</cusip>
        <identifiers>
          <isin value="US36179YW673"/>
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        <balance>2504792.02200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2550177.55000000</valUSD>
        <pctVal>0.327600708326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZAYO ISSUER, LLC</name>
        <lei>N/A</lei>
        <title>ZAYO ISSUER LLC ZAYO 2025-2A B</title>
        <cusip>98919WAJ2</cusip>
        <identifiers>
          <isin value="US98919WAJ27"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1818299.70000000</valUSD>
        <pctVal>0.233582273387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.58600000</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>FREDDIE MAC STACR REMIC TRUST</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2022-HQA2 STACR 2022-HQA2 M2</title>
        <cusip>35564KB65</cusip>
        <identifiers>
          <isin value="US35564KB654"/>
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        <balance>1080000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1129950.00000000</valUSD>
        <pctVal>0.145155548237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.61607880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BROWN BROTHERS HARRIMAN SWEEP INTEREST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="BBHMM"/>
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        <balance>264201.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>264201.79000000</valUSD>
        <pctVal>0.033939869616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISSAN AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>NISSAN AUTO LEASE TRUST 2024-B NALT 2024-B A3</title>
        <cusip>65481DAD4</cusip>
        <identifiers>
          <isin value="US65481DAD49"/>
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        <balance>3453000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3462443.96000000</valUSD>
        <pctVal>0.444792204306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.92000000</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>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>INTERNATIONAL BANK FOR RECONSTRUCTION &amp; DEVELOPMEN ZERO COUPON 03/31/2027</title>
        <cusip>45906M3A7</cusip>
        <identifiers>
          <isin value="US45906M3A71"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2429536.24000000</valUSD>
        <pctVal>0.312102893827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFIRM ASSET SECURITIZATION TRUST</name>
        <lei>N/A</lei>
        <title>AFFIRM ASSET SECURITIZATION TRUST 2024-X2 AFFRM 2024-X2 D</title>
        <cusip>00833QAD7</cusip>
        <identifiers>
          <isin value="US00833QAD79"/>
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        <balance>657680.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>659277.85000000</valUSD>
        <pctVal>0.084692099435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.08000000</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>HUDSON YARDS MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>HUDSON YARDS 2026-10HY MORTGAGE TRUST HY 2026-10HY A</title>
        <cusip>44420QAA0</cusip>
        <identifiers>
          <isin value="US44420QAA04"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>891768.24000000</valUSD>
        <pctVal>0.114558261673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.08583160</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>OMERS Finance Trust</name>
        <lei>529900M039WCPES03P17</lei>
        <title>OMERS FINANCE TRUST 3.500000% 04/19/2032</title>
        <cusip>C68012AF7</cusip>
        <identifiers>
          <isin value="USC68012AF72"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>936468.30000000</valUSD>
        <pctVal>0.120300517273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA9306</title>
        <cusip>36179YKT0</cusip>
        <identifiers>
          <isin value="US36179YKT00"/>
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        <balance>4111157.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4226139.15000000</valUSD>
        <pctVal>0.542897955879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OAKTREE STRATEGIC CREDIT FUND</name>
        <lei>N/A</lei>
        <title>OAKTREE STRATEGIC CREDIT FUND 8.400000% 11/14/2028</title>
        <cusip>67403AAB5</cusip>
        <identifiers>
          <isin value="US67403AAB52"/>
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        <balance>1415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1483342.05000000</valUSD>
        <pctVal>0.190552970035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>POINT BROADBAND FUNDING</name>
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        <name>FOUNDATION FINANCE TRUST</name>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST</name>
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        <name>RESIDENTIAL FUNDING MORTGAGE SECURITIES INCORPORATED</name>
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        <name>OCTANE RECEIVABLES TRUST</name>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS, INC.</name>
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        <name>OHA CREDIT FUNDING LTD</name>
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        <name>CENTERPOINT ENERGY, INC.</name>
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        <name>Government National Mortgage Association 2</name>
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          <isin value="US36179XLH79"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>THE TORONTO-DOMINION BANK</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>RIDE TRUST</name>
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        <title>RIDE 2025-SHRE RIDE 2025-SHRE D</title>
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          <isin value="US765692AG37"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHI COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CHI COMMERCIAL MORTGAGE TRUST 2025-SFT CHI 2025-SFT XA</title>
        <cusip>16706GAC1</cusip>
        <identifiers>
          <isin value="US16706GAC15"/>
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        <curCd>USD</curCd>
        <valUSD>14738.04000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.29999880</annualizedRt>
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      <invstOrSec>
        <name>MAD COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>MAD COMMERCIAL MORTGAGE TRUST 2025-11MD MAD 2025-11MD C</title>
        <cusip>55616AAE7</cusip>
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          <isin value="US55616AAE73"/>
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        <balance>2730000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC FUNDING LTD</name>
        <lei>N/A</lei>
        <title>CIFC FUNDING 2019-III LTD CIFC 2019-3A CR2</title>
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          <isin value="US12554VBC90"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>KOREA ELECTRIC POWER CORPORATION</name>
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          <isin value="US500631BB10"/>
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        <curCd>USD</curCd>
        <valUSD>250489.80000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC 5.303000% 09/06/2029</title>
        <cusip>345397G23</cusip>
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        <valUSD>556536.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LIFE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LIFE 2021-BMR MORTGAGE TRUST LIFE 2021-BMR C</title>
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          <isin value="US53218CAE03"/>
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        <name>MOSAIC SOLAR LOAN TRUST</name>
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        <title>MOSAIC SOLAR LOAN TRUST 2023-2 MSAIC 2023-2A C</title>
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          <isin value="US61945WAC38"/>
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        <name>PRUDENTIAL FINANCIAL, INC.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC 5.700000% 09/15/2048</title>
        <cusip>744320BF8</cusip>
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          <isin value="US744320BF81"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <assetCat>SN</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GINNIE MAE II POOL G2 MA8267</title>
        <cusip>36179XFG6</cusip>
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        <name>PRUDENTIAL FINANCIAL, INC.</name>
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        <name>Citibank National Association</name>
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        <name>ARROW ELECTRONICS, INC.</name>
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        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2022-HC MORTGAGE TRUST COMM 2022-HC A</title>
        <cusip>12659DAA8</cusip>
        <identifiers>
          <isin value="US12659DAA81"/>
        </identifiers>
        <balance>386000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>377827.34000000</valUSD>
        <pctVal>0.048536426104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.81900000</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>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>COMISION FEDERAL DE ELECTRICIDAD 144A 5.700000% 01/24/2030</title>
        <cusip>200447AN0</cusip>
        <identifiers>
          <isin value="US200447AN00"/>
        </identifiers>
        <balance>525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>523477.50000000</valUSD>
        <pctVal>0.067246925529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STACR REMIC TRUST 2022-DNA5 STACR 2022-DNA5 M1B</title>
        <cusip>35564KYP8</cusip>
        <identifiers>
          <isin value="US35564KYP82"/>
        </identifiers>
        <balance>1010000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1041907.82000000</valUSD>
        <pctVal>0.133845480618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.11608120</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>HUDSON YARDS MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>HUDSON YARDS 2019-55HY MORTGAGE TRUST HY 2019-55HY D</title>
        <cusip>44421MAJ9</cusip>
        <identifiers>
          <isin value="US44421MAJ99"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344368.70000000</valUSD>
        <pctVal>0.172700186452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.94279840</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>PG&amp;E RECOVERY FUNDING LLC</name>
        <lei>N/A</lei>
        <title>PG&amp;E RECOVERY FUNDING LLC 4.838000% 06/01/2033</title>
        <cusip>71710TAG3</cusip>
        <identifiers>
          <isin value="US71710TAG31"/>
        </identifiers>
        <balance>2039672.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2023578.82000000</valUSD>
        <pctVal>0.259952823593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.83800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Catholic Responsible Investments Funds</ncom:nameOfApplicant>
      <ncom:signature>Eileen Whitemiller</ncom:signature>
      <ncom:signerName>Eileen Whitemiller</ncom:signerName>
      <ncom:title>Director</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
