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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP CAPITAL MARKETS PLC</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>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY ENERG</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-15</maturityDt>
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      <invstOrSec>
        <name>MICRON TECHNOLOGY INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROOKFIELD OAKTREE HLDGS</name>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BROOKFIELD OAKTREE HLDGS</name>
        <lei>254900T1ODNFOK2L6090</lei>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RTX CORP</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.030000000000</annualizedRt>
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        <name>SIMON PROPERTY GROUP LP</name>
        <lei>MR92GTD0MJTTTTQDVG45</lei>
        <title>Simon Property Group LP</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-13</maturityDt>
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        <name>SOUTHERN CO</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>STARBUCKS CORP</name>
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        <title>Starbucks Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BROOKFIELD RENEWABLE PAR</name>
        <lei>VA8DFMRI2GY8Y7V79H93</lei>
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          <ticker value="BEPUCN"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912810SP4</cusip>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>912810SS8</cusip>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
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        <name>VALERO ENERGY CORP</name>
        <lei>549300XTO5VR8SKV1V74</lei>
        <title>Valero Energy Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VanEck Long Muni ETF</name>
        <lei>549300IDZV3WP33JOF22</lei>
        <title>VanEck Long Muni ETF</title>
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          <ticker value="MLN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Vanguard Ultra Short Bond ETF</name>
        <lei>5493007JE7V8J9D1LN10</lei>
        <title>Vanguard Ultra Short Bond ETF</title>
        <cusip>92203C303</cusip>
        <identifiers>
          <isin value="US92203C3034"/>
          <ticker value="VUSB"/>
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        <balance>456990.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Vanguard Long-Term Corporate B</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Ultra-Short Income ET</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DOMINION ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DOMINION ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DUKE ENERGY CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENBRIDGE INC</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
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        <name>First American Government Obli</name>
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        <title>Morgan Stanley</title>
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        <name>NASDAQ INC</name>
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        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
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        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
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        <name>ORACLE CORP</name>
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        <name>ORACLE CORP</name>
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        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <name>PHILLIPS 66 CO</name>
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        <name>PIMCO Municipal Income Fund II</name>
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        <name>PIMCO Enhanced Short Maturity</name>
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        <name>State Street SPDR Portfolio Lo</name>
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        <name>State Street Blackstone Senior</name>
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        <name>Equable Shares Hedged Equity E</name>
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        <name>UBS GROUP AG</name>
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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BIOGEN INC</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP CAP MARKETS AMERICA</name>
        <lei>5493009NTB34VXE1T760</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>CARLYLE FINANCE LLC</name>
        <lei>N/A</lei>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-09</maturityDt>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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          <isin value="US172967PM70"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco Ultra Short Duration E</name>
        <lei>549300XCPLYCS9LWYT95</lei>
        <title>Invesco Ultra Short Duration ETF</title>
        <cusip>46090A887</cusip>
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          <isin value="US46090A8870"/>
          <ticker value="GSY"/>
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        <balance>723.000000000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Senior Loan ETF</name>
        <lei>549300SIHU6DQELRNG59</lei>
        <title>Invesco Senior Loan ETF</title>
        <cusip>46138G508</cusip>
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          <isin value="US46138G5080"/>
          <ticker value="BKLN"/>
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        <balance>200000.000000000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares iBoxx $ Investment Gra</name>
        <lei>549300FYCXFXG8POR355</lei>
        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
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          <isin value="US4642872422"/>
          <ticker value="LQD"/>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares 20+ Year Treasury Bond</name>
        <lei>549300WWURKS1JGBZU59</lei>
        <title>iShares 20+ Year Treasury Bond ETF</title>
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          <isin value="US4642874329"/>
          <ticker value="TLT"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares Preferred and Income S</name>
        <lei>549300YX74JNY54XCY80</lei>
        <title>iShares Preferred and Income Securities ETF</title>
        <cusip>464288687</cusip>
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          <isin value="US4642886877"/>
          <ticker value="PFF"/>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares Short Duration Bond Ac</name>
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        <title>iShares Short Duration Bond Active ETF</title>
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        <name>iShares 0-5 Year Investment Gr</name>
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        <name>iShares 0-5 Year High Yield Co</name>
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        <title>iShares 0-5 Year High Yield Corporate Bond ETF</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>KKR GROUP FIN CO IX LLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LYB INT FINANCE III</name>
        <lei>984500A51LA0B8EB4053</lei>
        <title>LYB International Finance III LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp</title>
        <cusip>534187885</cusip>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp</title>
        <cusip>534187BR9</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MACY'S RETAIL HLDGS LLC</name>
        <lei>N/A</lei>
        <title>Macy's Retail Holdings LLC</title>
        <cusip>55616XAG2</cusip>
        <identifiers>
          <isin value="US55616XAG25"/>
        </identifiers>
        <balance>2894000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2376983.430000000000</valUSD>
        <pctVal>0.2116978481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</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>MACY'S RETAIL HLDGS LLC</name>
        <lei>N/A</lei>
        <title>Macy's Retail Holdings LLC</title>
        <cusip>55616XAJ6</cusip>
        <identifiers>
          <isin value="US55616XAJ63"/>
        </identifiers>
        <balance>6258000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4498457.540000000000</valUSD>
        <pctVal>0.4006396381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.300000000000</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>WILLIAMS COMPANIES INC</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
        <cusip>88339WAA4</cusip>
        <identifiers>
          <isin value="US88339WAA45"/>
        </identifiers>
        <balance>11370000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7969463.130000000000</valUSD>
        <pctVal>0.7097728046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>VERIZON COMMUNICATIONS</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
        <cusip>92343VFU3</cusip>
        <identifiers>
          <isin value="US92343VFU35"/>
        </identifiers>
        <balance>12914000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8062149.630000000000</valUSD>
        <pctVal>0.7180276087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>VIRTUS CVT &amp; INC FUND II</name>
        <lei>549300VQWKOKLGOGUQ16</lei>
        <title>Virtus Convertible &amp; Income Fund II</title>
        <cusip>92838U702</cusip>
        <identifiers>
          <isin value="US92838U7028"/>
          <ticker value="NCZ"/>
        </identifiers>
        <balance>7743.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159041.220000000000</valUSD>
        <pctVal>0.0141644589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRTUS CVT &amp; INCOME FUND</name>
        <lei>549300WT3ICVH2Z06O49</lei>
        <title>Virtus Convertible &amp; Income Fund</title>
        <cusip>92838X706</cusip>
        <identifiers>
          <isin value="US92838X7066"/>
          <ticker value="NCV"/>
        </identifiers>
        <balance>166284.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3565128.960000000000</valUSD>
        <pctVal>0.3175159404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746RW3</cusip>
        <identifiers>
          <isin value="US949746RW34"/>
        </identifiers>
        <balance>6878000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6859653.760000000000</valUSD>
        <pctVal>0.6109314527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746SH5</cusip>
        <identifiers>
          <isin value="US949746SH57"/>
        </identifiers>
        <balance>2785000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2765372.880000000000</valUSD>
        <pctVal>0.2462884178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Advisor Managed Portfolios</ncom:nameOfApplicant>
      <ncom:signature>/s/ Eric T. McCormick</ncom:signature>
      <ncom:signerName>Advisor Managed Portfolios</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
