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        <curCd>USD</curCd>
        <valUSD>11329663.28</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AGL CLO I Ltd.</name>
        <lei>5493005XHETQNZF9TM25</lei>
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          <isin value="US00852HAL50"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
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          <isin value="US50212YAP97"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LENDBUZZ SECURITIZATION TRUST</name>
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          <isin value="US52608LAB62"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEX 2024-BBG MORTGAGE TRUST</name>
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        <cusip>52885AAA6</cusip>
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          <isin value="US52885AAA60"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIFE FINANCIAL SERVICES TRUST</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>LIFE FINANCIAL SERVICES TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>LIFE FINANCIAL SERVICES TRUST</name>
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        <name>M&amp;T EQUIPTMENT 2023-LEAF1 LLC</name>
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        <name>Marvell Technology Inc</name>
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        <name>MasterCard Incorporated</name>
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        <name>Medline Industries</name>
        <lei>N/A</lei>
        <title>Medline Industries Term Loan B (Incremental) 200 2030-10-01</title>
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        <name>Microsoft Corp.</name>
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        <name>Moodys Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moodys Corp. COM USD0.01</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2022-R05 2M2</title>
        <cusip>20754DAB3</cusip>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2042-04-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QA5622</title>
        <cusip>3133A0G73</cusip>
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          <isin value="US3133A0G737"/>
          <ticker value="FHLMC"/>
          <other otherDesc="SEDOL" value="BKSLQC8"/>
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        <valUSD>581030.03</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>3</annualizedRt>
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      <invstOrSec>
        <name>Adobe Inc</name>
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        <title>Adobe Inc COM USD0.0001</title>
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          <isin value="US00724F1012"/>
          <ticker value="ADBE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Company COM USD0.20</title>
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          <isin value="US0258161092"/>
          <ticker value="AXP"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3133A3FP87"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3133A3FP8"/>
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        <balance>565311.7034496</balance>
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        <curCd>USD</curCd>
        <valUSD>525717.19</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QB1708</title>
        <cusip>3133A73R8</cusip>
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          <isin value="US3133A73R88"/>
          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133A73R8"/>
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        <balance>803365.40248152</balance>
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        <curCd>USD</curCd>
        <valUSD>697855.01</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>A&amp;D MORTGAGE TRUST 2023-NQM2</name>
        <lei>N/A</lei>
        <title>ADMT 2024-NQM5 A1</title>
        <cusip>00039KAC4</cusip>
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          <isin value="US00039KAC45"/>
          <ticker value="ADMT"/>
          <other otherDesc="Internal ID" value="00039KAC4"/>
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        <balance>8001335.5079526</balance>
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        <curCd>USD</curCd>
        <valUSD>8055539.23</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
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      <invstOrSec>
        <name>Asurion LLC / Asurion Co-Issuer Inc.</name>
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        <title>ASUCOR 8 12/31/32 144A</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>ATH 2.646 10/04/31 144A</title>
        <cusip>04685A3E9</cusip>
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          <isin value="US04685A3E97"/>
          <ticker value="ATH"/>
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        <balance>17357000</balance>
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        <curCd>USD</curCd>
        <valUSD>15348638.54</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Atlas Warehouse Lending Co. LP</name>
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        <title>ATWALD 4.625 11/15/28</title>
        <cusip>049463AF9</cusip>
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          <isin value="US049463AF91"/>
          <ticker value="ATWALD"/>
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        <curCd>USD</curCd>
        <valUSD>6132930.89</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US T-NOTE 5YR</title>
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          <ticker value="FVH6"/>
          <other otherDesc="FIGI" value="BBG01VRQSL97"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US T-NOTE 2YR</title>
        <cusip>N/A</cusip>
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          <ticker value="TUH6"/>
          <other otherDesc="FIGI" value="BBG01VRQRXY4"/>
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        <balance>11516</balance>
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        <valUSD>-1551747.7</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issueTitle>N/A</issueTitle>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc. COM USD0.0001</title>
        <cusip>031162100</cusip>
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          <isin value="US0311621009"/>
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          <other otherDesc="SEDOL" value="2023607"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amphenol Corporation</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corporation CL'A'COM USD0.001</title>
        <cusip>032095101</cusip>
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          <ticker value="APH"/>
          <other otherDesc="SEDOL" value="2145084"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA5930</title>
        <cusip>36179UST0</cusip>
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          <isin value="US36179UST06"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>32015248.76</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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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 MA7255</title>
        <cusip>36179WBY3</cusip>
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          <ticker value="GNR"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2023-R07 2M1</title>
        <cusip>20753BAA0</cusip>
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          <isin value="US20753BAA08"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>2209455.9</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.82419</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2025-R05 2M1</title>
        <cusip>20753CAB6</cusip>
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          <isin value="US20753CAB63"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="TYH6"/>
          <other otherDesc="FIGI" value="BBG01VKPGX02"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="WNH6"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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      <invstOrSec>
        <name>Atlas Warehouse Lending Co. LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CME Group Inc.</name>
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        <title>CME Group Inc. COM USD0.01</title>
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        <curCd>USD</curCd>
        <valUSD>186234552.24</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust 2020-Hqa2</name>
        <lei>5493000ITBJ4KEFYWF83</lei>
        <title>FR QB2976</title>
        <cusip>3133A9JV8</cusip>
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          <isin value="US3133A9JV89"/>
          <ticker value="FR"/>
          <other otherDesc="Internal ID" value="3133A9JV8"/>
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        <curCd>USD</curCd>
        <valUSD>313272.87</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust 2020-Hqa2</name>
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        <title>FR QB3353</title>
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          <ticker value="FR"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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        <title>AOMT 2019-5 A1</title>
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          <isin value="US03464KAA60"/>
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        <curCd>USD</curCd>
        <valUSD>329218.72</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Aon North America Inc.</name>
        <lei>N/A</lei>
        <title>AON 5.45 03/01/34</title>
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          <ticker value="AON"/>
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        <curCd>USD</curCd>
        <valUSD>47004760.8</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QC5848</title>
        <cusip>3133AQP92</cusip>
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          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133AQP92"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QD4842</title>
        <cusip>3133B2LX5</cusip>
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          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133B2LX5"/>
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        <curCd>USD</curCd>
        <valUSD>1888114.94</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QD6087</title>
        <cusip>3133B3XQ5</cusip>
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          <isin value="US3133B3XQ58"/>
          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133B3XQ5"/>
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        <curCd>USD</curCd>
        <valUSD>3027489.22</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR QD7069</title>
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          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133B42A2"/>
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      <invstOrSec>
        <name>Coopr Residential Mortgage Trust 2025 CES4</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>COOPR 2025-CES4 A1A</title>
        <cusip>12636SAA3</cusip>
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          <ticker value="COOPR"/>
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        <curCd>USD</curCd>
        <valUSD>5144040.18</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 4.78 03/25/38</title>
        <cusip>126650CY4</cusip>
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          <other otherDesc="SEDOL" value="BF4JK96"/>
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        <curCd>USD</curCd>
        <valUSD>30880069.96</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.25 02/21/33</title>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.7 06/01/34</title>
        <cusip>126650ED8</cusip>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Chevron Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <name>Citigroup Inc.</name>
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        <name>Citigroup Inc.</name>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Banks</name>
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        <cusip>3133BMRH0</cusip>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Citigroup Mortgage Loan Trust 2025-2</name>
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        <name>Civitas Resources Inc</name>
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        <name>Civitas Resources Inc</name>
        <lei>IIVIHPH28S64K95M2381</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Civitas Resources Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Wolf Trust 2015-Wolf Mz</name>
        <lei>N/A</lei>
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          <isin value="US362414AA28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2024-R04</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2023-R06 1M1</title>
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          <isin value="US20754EAA38"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2025-R03</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2025-R02 1M1</title>
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        <balance>5195256.1730403</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-27</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>CAS 2024-R05 2M1</title>
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          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>1376135.42</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global Inc COM CL A</title>
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          <ticker value="COIN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Columbia Pipelines Operating Co. LLC</name>
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        <title>CPGX 6.036 11/15/33 144A</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QF2386</title>
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          <ticker value="FHLMC"/>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QF2437</title>
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        <name>Gracie Point International Funding 2020-B</name>
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        <name>WOODWARD CAPITAL MANAGEMENT</name>
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        <title>RCKT 2021-3 A21</title>
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      <invstOrSec>
        <name>Columbia Pipelines Operating Co. LLC</name>
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        <title>CPGX 6.544 11/15/53 144A</title>
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        <name>Columbia Pipelines Operating Co. LLC</name>
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      <invstOrSec>
        <name>Compass Datacenters Issuer II LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>The Charles Schwab Corporation</name>
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        <name>Carnival Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <title>CAS 2021-R03 1M2</title>
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        <name>Federal National Mortgage Association</name>
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        <title>CAS 2022-R02 2M2</title>
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        <name>SCG Commercial Mortgage Trust 2025-DLFN</name>
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        <name>SF ABS ISSUER LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GXO Logistics Inc.</name>
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        <name>GE Aerospace</name>
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        <name>Qnity Electronics Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Santander Bank Auto Credit-Linked Notes Series 2021-1</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>COOPR 2025-CES3 A1A</title>
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      <invstOrSec>
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        <name>CoreWeave Inc.</name>
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      <invstOrSec>
        <name>Taco Bell Funding Llc</name>
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      <invstOrSec>
        <name>TOORAK MORTGAGE CORP</name>
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      <invstOrSec>
        <name>Costco Wholesale Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CP EF ASSET SECURITIZATION II LLC</name>
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      <invstOrSec>
        <name>Self Commercial Mortgage Trust 2024-STRG</name>
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      <invstOrSec>
        <name>Sequoia Mortgage Trust 2013-5</name>
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        <name>GOLDENTREE LN MGM 20 LTD/LLC</name>
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        <name>Texas Debt Cap Clo 2023-II ltd. / LLC</name>
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        <name>CYRUSONE DATA CENTERS ISSUER I LLC</name>
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        <name>CYRUSONE DATA CENTERS ISSUER I LLC</name>
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        <name>Sequoia Mortgage Trust 2004 11</name>
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        <title>SEMT 2020-2 A19</title>
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      <invstOrSec>
        <name>Servicenow Inc</name>
        <lei>549300HJTQM36M0E1G39</lei>
        <title>Servicenow Inc COM USD0.001</title>
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        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Solventum Corp.</name>
        <lei>254900I70403OSGY4M28</lei>
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          <isin value="US83444MAR25"/>
          <ticker value="SOLV"/>
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        <balance>39969000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41587429.94</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>2034-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BV7131</title>
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          <isin value="US3140ML4R87"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140ML4R8"/>
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        <balance>344127.5115426</balance>
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        <curCd>USD</curCd>
        <valUSD>337854.77</valUSD>
        <pctVal>0.0011929689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BV7132</title>
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          <isin value="US3140ML4S60"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140ML4S6"/>
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        <balance>431055.1729226</balance>
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        <curCd>USD</curCd>
        <valUSD>423186.73</valUSD>
        <pctVal>0.0014942770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BV6879</title>
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          <isin value="US3140MLUD05"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140MLUD0"/>
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        <balance>1082958.14796</balance>
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        <curCd>USD</curCd>
        <valUSD>1063357.98</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BV7632</title>
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          <isin value="US3140MMPS12"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140MMPS1"/>
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        <balance>832137.6431657</balance>
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        <curCd>USD</curCd>
        <valUSD>817077.01</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY3263</title>
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          <isin value="US3140NKTV30"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140NKTV3"/>
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        <balance>1152981.5021218</balance>
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        <curCd>USD</curCd>
        <valUSD>1165256.82</valUSD>
        <pctVal>0.0041145346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY4284</title>
        <cusip>3140NLXN4</cusip>
        <identifiers>
          <isin value="US3140NLXN41"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140NLXN4"/>
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        <balance>472949.42629626</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>489609.86</valUSD>
        <pctVal>0.0017288178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY6374</title>
        <cusip>3140NPCL2</cusip>
        <identifiers>
          <isin value="US3140NPCL28"/>
          <ticker value="FN"/>
          <other otherDesc="Internal ID" value="3140NPCL2"/>
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        <balance>1255017.7552442</balance>
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        <curCd>USD</curCd>
        <valUSD>1288979.71</valUSD>
        <pctVal>0.0045514015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY6690</title>
        <cusip>3140NPNG1</cusip>
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          <isin value="US3140NPNG14"/>
          <ticker value="FN"/>
          <other otherDesc="Internal ID" value="3140NPNG1"/>
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        <balance>686921.51968938</balance>
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        <curCd>USD</curCd>
        <valUSD>694441.63</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hertz Vehicle Financing LLC</name>
        <lei>5493004IHDYOZ9K9WF47</lei>
        <title>HERTZ 2025-5A A</title>
        <cusip>42806MDL0</cusip>
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          <isin value="US42806MDL00"/>
          <ticker value="HERTZ"/>
          <other otherDesc="Internal ID" value="42806MDL0"/>
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        <balance>10791000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10799207.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hilton Worldwide Holdings Inc</name>
        <lei>549300HVGPK36ICB0B89</lei>
        <title>Hilton Worldwide Holdings Inc COM USD0.01</title>
        <cusip>43300A203</cusip>
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          <ticker value="HLT"/>
          <other otherDesc="SEDOL" value="BYVMW06"/>
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        <balance>454808</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130643598</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUM 5.875 03/01/33</title>
        <cusip>444859BV3</cusip>
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          <isin value="US444859BV38"/>
          <ticker value="HUM"/>
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        <balance>5208000</balance>
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        <curCd>USD</curCd>
        <valUSD>5470568.61</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>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Humana Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>HUM 5.95 03/15/34</title>
        <cusip>444859BY7</cusip>
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          <isin value="US444859BY76"/>
          <ticker value="HUM"/>
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        <balance>14187000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LHOME MTG TR 2024-RTL3</name>
        <lei>N/A</lei>
        <title>LHOME 2024-RTL3 A1</title>
        <cusip>50205GAA0</cusip>
        <identifiers>
          <isin value="US50205GAA04"/>
          <ticker value="LHOME"/>
          <other otherDesc="Internal ID" value="50205GAA0"/>
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        <balance>8285561</balance>
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        <curCd>USD</curCd>
        <valUSD>8361249.6</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LHOME MORTGAGE TRUST 2024-RTL2</name>
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        <title>LHOME 2024-RTL2 A1</title>
        <cusip>50205JAA4</cusip>
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          <isin value="US50205JAA43"/>
          <ticker value="LHOME"/>
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        <curCd>USD</curCd>
        <valUSD>6543300.56</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.128</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Stryker Corporation</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corporation COM USD0.10</title>
        <cusip>863667101</cusip>
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          <isin value="US8636671013"/>
          <ticker value="SYK"/>
          <other otherDesc="SEDOL" value="2853688"/>
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        <balance>628774</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220995197.78</valUSD>
        <pctVal>0.7803364682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 7 05/01/29 144A</title>
        <cusip>86765KAB5</cusip>
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          <isin value="US86765KAB52"/>
          <ticker value="SUN"/>
          <other otherDesc="Internal ID" value="86765KAB5"/>
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        <balance>22419000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23382030.56</valUSD>
        <pctVal>0.0825622065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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>LHOME MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LHOME 2024-RTL4 A1</title>
        <cusip>50205PAA0</cusip>
        <identifiers>
          <isin value="US50205PAA03"/>
          <ticker value="LHOME"/>
          <other otherDesc="Internal ID" value="50205PAA0"/>
        </identifiers>
        <balance>24872433</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25089066.92</valUSD>
        <pctVal>0.0885897706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.921</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>LHOME MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>LHOME 2025-RTL3 A1</title>
        <cusip>50205YAA1</cusip>
        <identifiers>
          <isin value="US50205YAA10"/>
          <ticker value="LHOME"/>
          <other otherDesc="Internal ID" value="50205YAA1"/>
        </identifiers>
        <balance>6892000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6928147.16</valUSD>
        <pctVal>0.0244633636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.239</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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 7.25 05/01/32 144A</title>
        <cusip>86765KAC3</cusip>
        <identifiers>
          <isin value="US86765KAC36"/>
          <ticker value="SUN"/>
          <other otherDesc="Internal ID" value="86765KAC3"/>
        </identifiers>
        <balance>12629000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13353098.11</valUSD>
        <pctVal>0.0471499359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.625 03/15/31 144A</title>
        <cusip>86765KAF6</cusip>
        <identifiers>
          <isin value="US86765KAF66"/>
          <ticker value="SUN"/>
          <other otherDesc="Internal ID" value="86765KAF6"/>
        </identifiers>
        <balance>7982000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8040484.11</valUSD>
        <pctVal>0.0283910376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley COM USD0.01</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="2262314"/>
        </identifiers>
        <balance>1390584</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246870377.52</valUSD>
        <pctVal>0.8717020118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V2.943 01/21/33</title>
        <cusip>61747YEL5</cusip>
        <identifiers>
          <isin value="US61747YEL56"/>
          <ticker value="MS"/>
          <other otherDesc="Internal ID" value="61747YEL5"/>
        </identifiers>
        <balance>16462000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15024752.33</valUSD>
        <pctVal>0.0530525653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.943</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>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.875 03/15/34 144A</title>
        <cusip>86765KAG4</cusip>
        <identifiers>
          <isin value="US86765KAG40"/>
          <ticker value="SUN"/>
          <other otherDesc="Internal ID" value="86765KAG4"/>
        </identifiers>
        <balance>13540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13538801.71</valUSD>
        <pctVal>0.0478056574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</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>The TJX Companies Inc.</name>
        <lei>V167QI9I69W364E2DY52</lei>
        <title>The TJX Companies Inc. COM USD1</title>
        <cusip>872540109</cusip>
        <identifiers>
          <isin value="US8725401090"/>
          <ticker value="TJX"/>
          <other otherDesc="SEDOL" value="2989301"/>
        </identifiers>
        <balance>898242</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137978953.62</valUSD>
        <pctVal>0.4872051992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>TYSN 2023 CRNR MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>TYSN 2023-CRNR A</title>
        <cusip>87332PAA8</cusip>
        <identifiers>
          <isin value="US87332PAA84"/>
          <ticker value="TYSN"/>
          <other otherDesc="Internal ID" value="87332PAA8"/>
        </identifiers>
        <balance>23414873</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24627778.59</valUSD>
        <pctVal>0.0869609564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.579745</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>Talen Energy Supply</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>Talen Energy Supply Term Loan B (Incremental) 200 2032-10-04</title>
        <cusip>87422LBA7</cusip>
        <identifiers>
          <isin value="US87422LBA70"/>
          <ticker value="TLN"/>
          <other otherDesc="Internal ID" value="87422LBA7"/>
        </identifiers>
        <balance>18925552.1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18913818.26</valUSD>
        <pctVal>0.0667848998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67194</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>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TLN 6.25 02/01/34 144A</title>
        <cusip>87422VAM0</cusip>
        <identifiers>
          <isin value="US87422VAM00"/>
          <ticker value="TLN"/>
          <other otherDesc="Internal ID" value="87422VAM0"/>
        </identifiers>
        <balance>19547000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19936257</valUSD>
        <pctVal>0.0703951422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TLN 6.5 02/01/36 144A</title>
        <cusip>87422VAN8</cusip>
        <identifiers>
          <isin value="US87422VAN82"/>
          <ticker value="TLN"/>
          <other otherDesc="Internal ID" value="87422VAN8"/>
        </identifiers>
        <balance>32081000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33174630.06</valUSD>
        <pctVal>0.1171399827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Teva Pharmaceutical Finance Company LLC</name>
        <lei>5493006PITD7MU7WW480</lei>
        <title>TEVA 6.15 02/01/36</title>
        <cusip>88163VAD1</cusip>
        <identifiers>
          <isin value="US88163VAD10"/>
          <ticker value="TEVA"/>
          <other otherDesc="Internal ID" value="88163VAD1"/>
        </identifiers>
        <balance>8271000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8683713.39</valUSD>
        <pctVal>0.0306622873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15</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>Thermo Fisher Scientific Inc</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific Inc COM USD1</title>
        <cusip>883556102</cusip>
        <identifiers>
          <isin value="US8835561023"/>
          <ticker value="TMO"/>
          <other otherDesc="SEDOL" value="2886907"/>
        </identifiers>
        <balance>304595</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>176497572.75</valUSD>
        <pctVal>0.6232148660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.424 07/21/34 MTN</title>
        <cusip>61747YFG5</cusip>
        <identifiers>
          <isin value="US61747YFG52"/>
          <ticker value="MS"/>
          <other otherDesc="Internal ID" value="61747YFG5"/>
        </identifiers>
        <balance>18294000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19031546.39</valUSD>
        <pctVal>0.0672005991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.424</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.32 07/19/35</title>
        <cusip>61747YFT7</cusip>
        <identifiers>
          <isin value="US61747YFT73"/>
          <ticker value="MS"/>
          <other otherDesc="Internal ID" value="61747YFT7"/>
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        <balance>24159000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24869316.64</valUSD>
        <pctVal>0.0878138299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.32</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>Towd Point Mortgage Trust 2025-FIX2</name>
        <lei>25490010CSYSAQU59J50</lei>
        <title>TPMT 2025-FIX2 A1</title>
        <cusip>89183RAA0</cusip>
        <identifiers>
          <isin value="US89183RAA05"/>
          <ticker value="TPMT"/>
          <other otherDesc="Internal ID" value="89183RAA0"/>
        </identifiers>
        <balance>19211898.658508</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19292794.79</valUSD>
        <pctVal>0.0681230701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.249</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TransDigm, Inc.</name>
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        <name>Union Pacific Corporation</name>
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        <name>U.S. Bancorp.</name>
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        <name>DATA 2024 CNTR2 MORTGAGE TRUST</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>U.S. Bancorp.</name>
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        <name>U.S. Bancorp.</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Walt Disney Company</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SD1150</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA5285</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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          <isin value="US3133KMR314"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FNMA"/>
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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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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140QNLZ38"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust 2019-6</name>
        <lei>N/A</lei>
        <title>AOMT 2019-6 A1</title>
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          <isin value="US03464VAA26"/>
          <ticker value="AOMT"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust 2020-3</name>
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          <isin value="US03465LAB18"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Banc Of America Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>BAMLL 2024-FRR4 F</title>
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          <isin value="US05493VAL80"/>
          <ticker value="BOAA"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLP TRUST 2025-IND2</name>
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        <title>BLP 2025-IND2 A</title>
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          <isin value="US05556WAA45"/>
          <ticker value="BLP"/>
          <other otherDesc="Internal ID" value="05556WAA4"/>
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        <curCd>USD</curCd>
        <valUSD>15935402.16</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25012</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BPR TRUST 2024-PMDW</name>
        <lei>N/A</lei>
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        <cusip>05592VAA2</cusip>
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          <isin value="US05592VAA26"/>
          <ticker value="BPR"/>
          <other otherDesc="Internal ID" value="05592VAA2"/>
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        <balance>28442928</balance>
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        <curCd>USD</curCd>
        <valUSD>29095845.9</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.358</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BPR TRUST 2024-PMDW</name>
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          <isin value="US05592VAJ35"/>
          <ticker value="BPR"/>
          <other otherDesc="Internal ID" value="05592VAJ3"/>
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        <balance>11000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>BX Trust 2025-Roic</name>
        <lei>N/A</lei>
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          <ticker value="BX"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>BX Trust 2025-Roic</name>
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          <ticker value="BX"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2019-OC11 B</title>
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          <isin value="US05606FAG81"/>
          <ticker value="BX"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>BXP Trust 2017-CC</name>
        <lei>N/A</lei>
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        <cusip>056083AA6</cusip>
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          <isin value="US056083AA67"/>
          <ticker value="BXP"/>
          <other otherDesc="SEDOL" value="BZ18S70"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>BXHPP LTD</name>
        <lei>N/A</lei>
        <title>BXHPP 2021-FILM A</title>
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          <isin value="US05609JAA07"/>
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          <other otherDesc="Internal ID" value="05609JAA0"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPR TST</name>
        <lei>N/A</lei>
        <title>BPR 2023-BRK2 A</title>
        <cusip>05610WAA8</cusip>
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          <isin value="US05610WAA80"/>
          <ticker value="BPR"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX TRUST 2024-VLT4</name>
        <lei>N/A</lei>
        <title>BX 2024-VLT4 A</title>
        <cusip>05612TAA3</cusip>
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          <isin value="US05612TAA34"/>
          <ticker value="BX"/>
          <other otherDesc="Internal ID" value="05612TAA3"/>
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        <balance>24841746</balance>
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        <curCd>USD</curCd>
        <valUSD>24806648.06</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-17</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2024-BRBK A</title>
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          <isin value="US05613NAA54"/>
          <ticker value="BX"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bx Commercial Mortgage Trust 2018-Bioa</name>
        <lei>N/A</lei>
        <title>BX 2025-DIME A</title>
        <cusip>05613UAA9</cusip>
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          <isin value="US05613UAA97"/>
          <ticker value="BX"/>
          <other otherDesc="Internal ID" value="05613UAA9"/>
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        <balance>25165000</balance>
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        <curCd>USD</curCd>
        <valUSD>25081806.68</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4.90012</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BX COML MTG TR 2024-VLT5</name>
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          <isin value="US05614JAA34"/>
          <ticker value="BX"/>
          <other otherDesc="Internal ID" value="05614JAA3"/>
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        <curCd>USD</curCd>
        <valUSD>34338661.12</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX COML MTG TR 2024-VLT5</name>
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          <isin value="US05614JAC99"/>
          <ticker value="BX"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX COML MTG TR 2024-VLT5</name>
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          <isin value="US05614JAE55"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX TRUST 2025-ARIA</name>
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          <isin value="US05619TAA60"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLP Commercial Mortgage Trust 2025-IND</name>
        <lei>N/A</lei>
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        <cusip>05625BAA7</cusip>
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          <isin value="US05625BAA70"/>
          <ticker value="BLP"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.872</annualizedRt>
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        <name>Bank of America Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAYVIEW MSR OPPORTUNITY MASTER FUND</name>
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        <name>BAYVIEW MSR OPPORTUNITY MASTER FUND</name>
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        <name>BAYVIEW OPPORTUNITY MASTER FUND VII</name>
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        <title>BVCLN 2025-EDU1 B</title>
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        <name>Belron</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>BCRED 7.3 11/27/28</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Booking Holdings Inc</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings Inc COM USD0.008</title>
        <cusip>09857L108</cusip>
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          <ticker value="BKNG"/>
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        <curCd>USD</curCd>
        <valUSD>276410002.62</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Booz Allen Hamilton Inc</name>
        <lei>549300D7XCH2480XU542</lei>
        <title>BAH 5.95 08/04/33</title>
        <cusip>09951LAC7</cusip>
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          <isin value="US09951LAC72"/>
          <ticker value="BAH"/>
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        <balance>22041000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Booz Allen Hamilton Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Brown &amp; Brown Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Brown &amp; Brown Inc</name>
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        <name>BX Trust 2018-Bilt</name>
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        <name>BX Trust 2018-Bilt</name>
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        <name>BX Trust 2018-Bilt</name>
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        <name>BX COML MTG TR 2024-AIRC</name>
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        <name>CACI International Inc.</name>
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        <name>Cadence Design Systems, Inc.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>DB Master Finance LLC</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA9851</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>DT Midstream Inc</name>
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        <name>Deere &amp; Company</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QA4936</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
        <valUSD>5183002.44</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Dell Technologies Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Duke Energy Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FN BJ4567</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <title>FN BJ5170</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2019-71 P</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SL1226</title>
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          <ticker value="FHLMC"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <title>FN CB3837</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB4076</title>
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        <name>OASIS SECURITISATION 21-2A</name>
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        <name>OASIS SECURITISATION 24-1A</name>
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        <name>EFMT 2025-RTL1</name>
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        <name>Copeland (Emerson Electrics climate control business)</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BJ9181</title>
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          <ticker value="FNMA"/>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BK1964</title>
        <cusip>3140HFFE4</cusip>
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          <ticker value="FNMA"/>
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        <balance>1862809.1852964</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MSCI Inc.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MVW 2025-2 LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Mello Mortgage Capital Acceptance 2018-Mtg1</name>
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        <title>MELLO 2021-INV3 A11</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Mello Mortgage Capital Acceptance 2018-Mtg1</name>
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        <title>MELLO 2024-SD1 A1</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Copeland (Emerson Electrics climate control business)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emerson Electric Co.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
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        <name>Finance Of America Structured Securities Tr 2017-HB1</name>
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        <name>Flagstar Mtg Tr 2017-1</name>
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        <name>MERCHANTS FLEET FUNDING LLC</name>
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      <invstOrSec>
        <name>Monster Beverage Corp</name>
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        <title>Monster Beverage Corp COM USD0.005</title>
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        <name>Exelon Corp.</name>
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        <title>EXC 5.45 03/15/34</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
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          <isin value="US629377DD11"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRZ Fht Excess LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US3138WQJB90"/>
          <ticker value="FNMA"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US3140FXEC27"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Residential Mtg LLC / Nrm Fnt1 Excess LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>New Economy Assets Phase 1 Issuer LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nike, Inc.</name>
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        <title>Nike, Inc. CLASS'B'COM NPV</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BF0189</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Figre Trust 2023-HE1</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>NVIDIA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Figre Trust 2023-HE1</name>
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        <name>Figre Trust 2023-HE1</name>
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        <name>ONSLOW BAY FINANCIAL</name>
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        <name>ONSLOW BAY FINANCIAL</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Variable</couponKind>
          <annualizedRt>3</annualizedRt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FNMA"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>FIGRE TRUST 2025-HE6</name>
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      <invstOrSec>
        <name>Figre Trust 2023-HE1</name>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Figre Trust 2023-HE1</name>
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        <name>FIGRE TRUST 2024-HE2</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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          <ticker value="GNR"/>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.5 08/03/35</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 5.2 09/26/35</title>
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        <curCd>USD</curCd>
        <valUSD>18857903.21</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>
      <invstOrSec>
        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <valUSD>11743809.43</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
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        <curCd>USD</curCd>
        <valUSD>26023830.98</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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          <isin value="US68389XDR35"/>
          <ticker value="ORCL"/>
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        <balance>16440000</balance>
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        <curCd>USD</curCd>
        <valUSD>14566073.78</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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          <isin value="US68389XDT90"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 6.25 01/25/35</title>
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          <isin value="US350930AD58"/>
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        <balance>5478000</balance>
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        <curCd>USD</curCd>
        <valUSD>5808823.65</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co. COM NPV</title>
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          <isin value="US5324571083"/>
          <ticker value="LLY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V5.222 01/29/31</title>
        <cusip>693475CB9</cusip>
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          <isin value="US693475CB94"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRPM 2025-RCF3 LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-RCF4 A1</title>
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          <isin value="US69382WAA09"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Pret 2021-Rn4 LLC</name>
        <lei>N/A</lei>
        <title>PRET 2025-RPL1 A1</title>
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          <isin value="US69392FAA57"/>
          <ticker value="PRET"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Pret 2021-Rn4 LLC</name>
        <lei>N/A</lei>
        <title>PRET 2025-RPL2 A1</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>Di Issuer Llc</name>
        <lei>N/A</lei>
        <title>LMDV 2025-1A A2</title>
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          <isin value="US538908AA26"/>
          <ticker value="LMDV"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Blue Owl Credit Income Corp.</name>
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        <title>OCINCC 4.7 02/08/27 *</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PRET 2025-RPL5 TRUST</name>
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      <invstOrSec>
        <name>PRPM 2024-RCF2 LLC</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>US T-BOND 30YR</title>
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          <other otherDesc="FIGI" value="BBG01VKPGZ70"/>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>US T-NOTE ULTRA 10Y</title>
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          <ticker value="UXYH6"/>
          <other otherDesc="FIGI" value="BBG01VKPGYH2"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Blue Owl Credit Income Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Corporation PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Priority 1 Issuer Logistics DAC</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS5130</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GN BC7161</title>
        <cusip>3617BA5W9</cusip>
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          <isin value="US3617BA5W90"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>216566.46</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 BH3672</title>
        <cusip>3617H1CH8</cusip>
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          <isin value="US3617H1CH89"/>
          <ticker value="GNR"/>
          <other otherDesc="SEDOL" value="BFY2YV5"/>
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        <balance>229060.06149576</balance>
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        <curCd>USD</curCd>
        <valUSD>225970.68</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2 BH3673</title>
        <cusip>3617H1CJ4</cusip>
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          <isin value="US3617H1CJ46"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>1114492.57</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CHASE 2021-CL1 M1</title>
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          <isin value="US46591HBX70"/>
          <ticker value="JPM"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KRE COMMERCIAL MORTGAGE TRUST 2025-</name>
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        <title>KRE 2025-AIP4 A</title>
        <cusip>50077KAA6</cusip>
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          <isin value="US50077KAA60"/>
          <ticker value="KRE"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-17</maturityDt>
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          <annualizedRt>5.05012</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Commercial Mortgage Trust 2025-Twr</name>
        <lei>N/A</lei>
        <title>TEXAS 2025-TWR A</title>
        <cusip>88231WAA3</cusip>
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          <isin value="US88231WAA36"/>
          <ticker value="TEXAS"/>
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        <balance>8177000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.04325</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARLYLE US CLO 2023-2 LTD/LLC</name>
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        <title>CGMS 2023-2A A1R</title>
        <cusip>14318GAN2</cusip>
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          <isin value="US14318GAN25"/>
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          <other otherDesc="Internal ID" value="US14318GAN25"/>
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        <balance>33655000</balance>
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        <curCd>USD</curCd>
        <valUSD>33776625.8</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-20</maturityDt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cifc Funding 2019-VII Ltd. / Cifc Funding 2019-VII LLC</name>
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        <title>CIFC 2019-7A A1R</title>
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          <isin value="US171935AA72"/>
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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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          <maturityDt>2038-10-19</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Constellation Software Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>CSUCN 5.158 02/16/29 144A</title>
        <cusip>21037XAC4</cusip>
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          <isin value="US21037XAC48"/>
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          <other otherDesc="Internal ID" value="US21037XAC48"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Constellation Software Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>CSUCN 5.461 02/16/34 144A</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CROTON PARK CLO LTD</name>
        <lei>N/A</lei>
        <title>CRTPK 2024-1A A2</title>
        <cusip>227800AC3</cusip>
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          <isin value="US227800AC31"/>
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          <other otherDesc="Internal ID" value="US227800AC31"/>
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        <balance>16432000</balance>
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        <curCd>USD</curCd>
        <valUSD>16468137.25</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
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          <annualizedRt>5.46454</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Qnity Electronics</name>
        <lei>254900RSUG4J9TFFZX53</lei>
        <title>Qnity Electronics Term Loan B 200 2032-08-03</title>
        <cusip>74737SAB9</cusip>
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          <isin value="US74737SAB97"/>
          <ticker value="QNTELE"/>
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        <curCd>USD</curCd>
        <valUSD>8043048.75</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>WOODWARD CAPITAL MANAGEMENT</name>
        <lei>N/A</lei>
        <title>RCKT 2023-CES1 A1A</title>
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          <ticker value="RCKT"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bain Capital Credit CLO 2024-1 Ltd/ LLC</name>
        <lei>254900QJNS3TYDIDQH27</lei>
        <title>BCC 2023-3A A1R</title>
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          <ticker value="BCC"/>
          <other otherDesc="Internal ID" value="US05682CAL19"/>
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        <valUSD>22315410.98</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>BARINGS LN PARTNERS CLO LTD 5</name>
        <lei>2549006Y8VRIV10TBW72</lei>
        <title>BABSN LP-5A A</title>
        <cusip>06764CAA4</cusip>
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          <other otherDesc="Internal ID" value="US06764CAA45"/>
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        <curCd>USD</curCd>
        <valUSD>25003808.85</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-22</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODWARD CAPITAL MANAGEMENT</name>
        <lei>N/A</lei>
        <title>RCKT 2024-CES5 A1A</title>
        <cusip>74938KAA5</cusip>
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          <isin value="US74938KAA51"/>
          <ticker value="RCKT"/>
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        <curCd>USD</curCd>
        <valUSD>15980493.27</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.846</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODWARD CAPITAL MANAGEMENT</name>
        <lei>N/A</lei>
        <title>RCKT 2024-CES2 A1A</title>
        <cusip>74938PAA4</cusip>
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        <name>Elmwood Clo VII Ltd.</name>
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        <name>RCKT Mortgage Trust 2024-CES7</name>
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        <name>Rckt Mortgage Trust 2025-CES9</name>
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        <name>Twitter Inc</name>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Notes</name>
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        <name>Federal National Mortgage Association</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FN BX5969</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BX8071</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US3140NCWW59"/>
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        <valUSD>325991.49</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BY2783</title>
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          <isin value="US3140NKCV13"/>
          <ticker value="FNMA"/>
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        <curCd>USD</curCd>
        <valUSD>646033.98</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA0108</title>
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          <ticker value="FNMA"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6635</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB0044</title>
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        <valUSD>1552423.03</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB2681</title>
        <cusip>3140QM6T6</cusip>
        <identifiers>
          <isin value="US3140QM6T66"/>
          <ticker value="FNMA"/>
          <other otherDesc="Internal ID" value="3140QM6T6"/>
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        <balance>2064938.9728449</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1940066.68</valUSD>
        <pctVal>0.0068503967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 3.625 03/15/32</title>
        <cusip>404119CK3</cusip>
        <identifiers>
          <isin value="US404119CK30"/>
          <ticker value="HCA"/>
          <other otherDesc="Internal ID" value="404119CK3"/>
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        <balance>10927000</balance>
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        <curCd>USD</curCd>
        <valUSD>10320881.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.6 04/01/34</title>
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          <isin value="US404119CU12"/>
          <ticker value="HCA"/>
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        <balance>16318000</balance>
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        <curCd>USD</curCd>
        <valUSD>17018364.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA Healthcare Inc</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare Inc COM USD0.01</title>
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          <isin value="US40412C1018"/>
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          <other otherDesc="SEDOL" value="B4MGBG6"/>
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        <balance>248385</balance>
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        <curCd>USD</curCd>
        <valUSD>115961021.1</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Health Care Service Corp A Mutual Legal Reserve Co.</name>
        <lei>549300TMJ1FKCKECR148</lei>
        <title>HCSERV 2.2 06/01/30 144A</title>
        <cusip>42218SAF5</cusip>
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          <isin value="US42218SAF56"/>
          <ticker value="HCSERV"/>
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        <balance>13536000</balance>
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        <curCd>USD</curCd>
        <valUSD>12290710.74</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.2</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>Health Care Service Corp A Mutual Legal Reserve Co.</name>
        <lei>549300TMJ1FKCKECR148</lei>
        <title>HCSERV 5.2 06/15/29 144A</title>
        <cusip>42218SAK4</cusip>
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          <isin value="US42218SAK42"/>
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        <curCd>USD</curCd>
        <valUSD>14773402.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2</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>Health Care Service Corp A Mutual Legal Reserve Co.</name>
        <lei>549300TMJ1FKCKECR148</lei>
        <title>HCSERV 5.45 06/15/34 144A</title>
        <cusip>42218SAL2</cusip>
        <identifiers>
          <isin value="US42218SAL25"/>
          <ticker value="HCSERV"/>
          <other otherDesc="Internal ID" value="42218SAL2"/>
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        <balance>32502000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33274725.62</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45</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>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>HESM 4.25 02/15/30 144A</title>
        <cusip>428102AE7</cusip>
        <identifiers>
          <isin value="US428102AE79"/>
          <ticker value="HESM"/>
          <other otherDesc="Internal ID" value="428102AE7"/>
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        <balance>15799000</balance>
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        <curCd>USD</curCd>
        <valUSD>15452777.55</valUSD>
        <pctVal>0.0545639271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>HESM 5.125 06/15/28 144A</title>
        <cusip>428104AA1</cusip>
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          <isin value="US428104AA14"/>
          <ticker value="HESM"/>
          <other otherDesc="SEDOL" value="BKVHZF9"/>
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        <balance>11121000</balance>
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        <curCd>USD</curCd>
        <valUSD>11165884.36</valUSD>
        <pctVal>0.0394268602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</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>Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot Inc. COM USD0.05</title>
        <cusip>437076102</cusip>
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          <isin value="US4370761029"/>
          <ticker value="HD"/>
          <other otherDesc="SEDOL" value="2434209"/>
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        <balance>583590</balance>
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        <curCd>USD</curCd>
        <valUSD>200813319</valUSD>
        <pctVal>0.7090740328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>
      <invstOrSec>
        <name>Homeward Opportunities Fund I Trust</name>
        <lei>N/A</lei>
        <title>HOF 2024-RTL1 A1</title>
        <cusip>43789FAA1</cusip>
        <identifiers>
          <isin value="US43789FAA12"/>
          <ticker value="HOF"/>
          <other otherDesc="Internal ID" value="43789FAA1"/>
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        <balance>26188000</balance>
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        <curCd>USD</curCd>
        <valUSD>26251859.44</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>7.12</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOMEWARD OPPORTUNITIES FD TR 2024-</name>
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        <title>HOF 2024-RRTL2 A1</title>
        <cusip>43789GAA9</cusip>
        <identifiers>
          <isin value="US43789GAA94"/>
          <ticker value="HOF"/>
          <other otherDesc="Internal ID" value="43789GAA9"/>
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        <balance>11602000</balance>
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        <curCd>USD</curCd>
        <valUSD>11651614.79</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.989</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>HOMEWARD OPPORTUNITIES FUND TRUST 2</name>
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        <title>HOF 2025-RRTL1 A1</title>
        <cusip>437919AA1</cusip>
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          <isin value="US437919AA10"/>
          <ticker value="HOF"/>
          <other otherDesc="Internal ID" value="437919AA1"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Homeward Opportunities Fund I Trust</name>
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        <title>HOF 2025-RRTL2 A1</title>
        <cusip>437923AA3</cusip>
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          <isin value="US437923AA30"/>
          <ticker value="HOF"/>
          <other otherDesc="Internal ID" value="437923AA3"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.237</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Howmet Aerospace Inc</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace Inc COM</title>
        <cusip>443201108</cusip>
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          <isin value="US4432011082"/>
          <ticker value="HWM"/>
          <other otherDesc="SEDOL" value="BKLJ8V2"/>
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        <assetCat>EC</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>Hudson's Bay Simon JV Trust</name>
        <lei>N/A</lei>
        <title>HBCT 2015-HB10 A10</title>
        <cusip>44422PBN1</cusip>
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          <isin value="US44422PBN15"/>
          <ticker value="HBCT"/>
          <other otherDesc="Internal ID" value="44422PBN1"/>
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        <balance>7602661</balance>
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        <curCd>USD</curCd>
        <valUSD>7393563.29</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1545</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange Inc COM USD0.01</title>
        <cusip>45866F104</cusip>
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          <isin value="US45866F1049"/>
          <ticker value="ICE"/>
          <other otherDesc="SEDOL" value="BFSSDS9"/>
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        <balance>1174766</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190265101.36</valUSD>
        <pctVal>0.6718281606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intuit Inc</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit Inc COM USD0.01</title>
        <cusip>461202103</cusip>
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          <isin value="US4612021034"/>
          <ticker value="INTU"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intuitive Surgical Inc.</name>
        <lei>54930052SRG011710797</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Jane Street Group LLC / JSG Finance Inc.</name>
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        <cusip>47077WAC2</cusip>
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          <isin value="US47077WAC29"/>
          <ticker value="JANEST"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jane Street Group LLC / JSG Finance Inc.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jane Street Group LLC / JSG Finance Inc.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson COM USD1.00</title>
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          <ticker value="JNJ"/>
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        <assetCat>EC</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>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA Corp. COM USD0.001</title>
        <cusip>482480100</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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        <cusip>50212YAH7</cusip>
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          <ticker value="LPLA"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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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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      <invstOrSec>
        <name>LPL Holdings Inc.</name>
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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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      <invstOrSec>
        <name>Lam Research Corporation</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corporation COM NEW</title>
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      <invstOrSec>
        <name>Lightning Power</name>
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        <title>Lightning Power Term Loan B 325 2031-07-28</title>
        <cusip>53229LAB3</cusip>
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          <ticker value="LIGPLL"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JANUS CAPITAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Janus Henderson Cash Liquidity Fund LLC</title>
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          <other otherDesc="Internal ID" value="895"/>
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        <issuerCat>PF</issuerCat>
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        <name>Angel Oak Mortgage Trust</name>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900GRN1I3WMM1H095</lei>
        <title>AOMT 2025-6 A1</title>
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          <ticker value="AOMT"/>
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      <invstOrSec>
        <name>Ansley Park Capital 2025-A LLC</name>
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        <title>APARK 2025-A A2</title>
        <cusip>03637AAB8</cusip>
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          <ticker value="APARK"/>
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        <valUSD>11722666.52</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <name>Capital One Financial Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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        <name>Freddie Mac Stacr Remic Trust 2022-DNA7</name>
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        <name>Freddie Mac Stacr Remic Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust</name>
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      <invstOrSec>
        <name>Freddie Mac Stacr Remic Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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          <ticker value="GNR"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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          <ticker value="GNR"/>
          <other otherDesc="SEDOL" value="BD0ML70"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2025-CES2</name>
        <lei>254900U0V0TUGIF39T29</lei>
        <title>GSMBS 2025-CES2 A1</title>
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          <ticker value="GSMBS"/>
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        <curCd>USD</curCd>
        <valUSD>18013137.36</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2055-09-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GS MORTGAGE SECURITIES CORPORATION</name>
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          <isin value="US36273XAA90"/>
          <ticker value="GSMS"/>
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        <valUSD>34375130.07</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-25</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GN 625655</title>
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          <isin value="US36291EBY68"/>
          <ticker value="GNR"/>
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        <curCd>USD</curCd>
        <valUSD>40065.3</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GCAT 2023-INV1 TRUST</name>
        <lei>N/A</lei>
        <title>GCAT 2023-INV1 A1</title>
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          <isin value="US36830QAA04"/>
          <ticker value="GCAT"/>
          <other otherDesc="Internal ID" value="36830QAA0"/>
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        <balance>16679063.656468</balance>
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        <curCd>USD</curCd>
        <valUSD>16963005.81</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Genesee &amp; Wyoming</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming Term Loan B 200 2031-03-25</title>
        <cusip>37156QAZ9</cusip>
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          <isin value="US37156QAZ90"/>
          <ticker value="GWR"/>
          <other otherDesc="Internal ID" value="37156QAZ9"/>
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        <curCd>USD</curCd>
        <valUSD>37248350.65</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-10</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. COM USD0.01</title>
        <cusip>38141G104</cusip>
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          <isin value="US38141G1040"/>
          <ticker value="GS"/>
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        <curCd>USD</curCd>
        <valUSD>230871108</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GS V5.536 01/28/36</title>
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          <isin value="US38141GC449"/>
          <ticker value="GS"/>
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        <curCd>USD</curCd>
        <valUSD>22783459.44</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-28</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ballyrock Clo 2018-1 Ltd/ Llc</name>
        <lei>254900GXTF670X967J67</lei>
        <title>BALLY 2020-14A A1BR</title>
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          <isin value="US05874XAN93"/>
          <ticker value="BALLY"/>
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        <balance>5292308</balance>
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        <curCd>USD</curCd>
        <valUSD>5311090.93</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.46444</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>254900X4QE7SGKQLLN38</lei>
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        <curCd>USD</curCd>
        <valUSD>16553471.91</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Vistra Corp</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp COM USD0.01</title>
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          <ticker value="VST"/>
          <other otherDesc="SEDOL" value="BZ8VJQ8"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QG6693</title>
        <cusip>3133C7NJ2</cusip>
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          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133C7NJ2"/>
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        <balance>5269120.9104032</balance>
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        <curCd>USD</curCd>
        <valUSD>5411708.26</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR QG7441</title>
        <cusip>3133C8HS7</cusip>
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          <ticker value="FHLMC"/>
          <other otherDesc="Internal ID" value="3133C8HS7"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mello Mortgage Capital Acceptance 2018-Mtg1</name>
        <lei>N/A</lei>
        <title>MELLO 2021-INV2 A11</title>
        <cusip>58549XBC6</cusip>
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          <isin value="US58549XBC65"/>
          <ticker value="MELLO"/>
          <other otherDesc="Internal ID" value="58549XBC6"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust 2018-2</name>
        <lei>549300U1MV4J7YQZG974</lei>
        <title>NRZT 2018-2A A1</title>
        <cusip>64828CAA7</cusip>
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          <isin value="US64828CAA71"/>
          <ticker value="NRZT"/>
          <other otherDesc="SEDOL" value="BG023Y2"/>
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        <curCd>USD</curCd>
        <valUSD>819520.74</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust 2012-Lc5</name>
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        <title>WFCM 2025-VTT A</title>
        <cusip>94990GAA7</cusip>
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          <isin value="US94990GAA76"/>
          <ticker value="WFCM"/>
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        <curCd>USD</curCd>
        <valUSD>29941069.11</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.244 01/24/31</title>
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          <ticker value="WFC"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>NRMLT 2024-RTL2 A1</title>
        <cusip>64831WAA8</cusip>
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          <isin value="US64831WAA80"/>
          <ticker value="NRZT"/>
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        <balance>9423000</balance>
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        <curCd>USD</curCd>
        <valUSD>9527338.05</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-25</maturityDt>
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          <annualizedRt>5.443</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Residential Advance Recs Trust</name>
        <lei>5493008390ERUXVSGM12</lei>
        <title>NRZT 2024-NQM2 A1</title>
        <cusip>64832BAC9</cusip>
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          <isin value="US64832BAC90"/>
          <ticker value="NRART"/>
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        <curCd>USD</curCd>
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        <name>Wells Fargo Commercial Mortgage Trust 2012-Lc5</name>
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        <name>Wendys Funding Llc</name>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Wendys Funding Llc</name>
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        <name>Wendys Funding Llc</name>
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      <invstOrSec>
        <name>PNC Financial Services Group Inc.</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>Wendys Funding Llc</name>
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        <name>Western Digital Corp.</name>
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        <name>The Progressive Corporation</name>
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        <name>RCKT MORTGAGE TRUST 2025-CES10</name>
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        <name>Westgate Resorts 2022-1 Llc</name>
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        <name>Xcel Energy Inc</name>
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        <name>Rckt Mortgage Trust 2024-Ces9</name>
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        <name>Rckt Mortgage Trust 2025-Ces2</name>
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        <title>RCKT 2025-CES2 A1A</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Zoetis Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis Inc. COM USD0.01 CL 'A'</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Madison Park Funding LV Ltd / Madison Park Funding LV LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rckt Mortgage Trust 2025-CES7</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Vantage Data Centers Issuer</name>
        <lei>N/A</lei>
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          <isin value="US92212KAC09"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding Xxxiv Ltd.</name>
        <lei>N/A</lei>
        <title>MDPK 2019-34A A2RR</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vertex Pharmaceuticals Incorporated</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals Incorporated COM USD0.01</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viper Energy Partners LLC</name>
        <lei>54930010ZZ02MRGRI973</lei>
        <title>VNOM 4.9 08/01/30</title>
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        <curCd>USD</curCd>
        <valUSD>6369226.59</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NCL Corporation Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 09/15/33 144A</title>
        <cusip>62886HBZ3</cusip>
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          <ticker value="NCLH"/>
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        <balance>23566000</balance>
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        <curCd>USD</curCd>
        <valUSD>23556076.36</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers Clo 34 Ltd</name>
        <lei>5493009EGZQAPYYVLD80</lei>
        <title>NEUB 2019-32RA A</title>
        <cusip>64135XAA9</cusip>
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        <valUSD>24242033.83</valUSD>
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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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      <invstOrSec>
        <name>OCP Clo 2017-14 Ltd / LLC</name>
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        <title>OCP 2017-14A A2R</title>
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        <curCd>USD</curCd>
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        <name>OHA Credit Funding 7 Ltd.</name>
        <lei>N/A</lei>
        <title>OAKC 2020-7A A1R2</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>OCP CLO 2014-6 Ltd.</name>
        <lei>2549001TBA76KDJQIQ68</lei>
        <title>OCP 2025-44A A</title>
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      <invstOrSec>
        <name>Octagon Investment Partners XXIV Ltd.</name>
        <lei>N/A</lei>
        <title>OCT42 2019-3A A2RR</title>
        <cusip>67576PBA4</cusip>
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          <ticker value="OCT24"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Oha Credit Partners Xv Limited</name>
        <lei>N/A</lei>
        <title>OAKC 2021-9A A2R</title>
        <cusip>67690AAQ4</cusip>
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          <ticker value="OAKC"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Voya CLO 2014-4 Ltd</name>
        <lei>549300JHU3YI1LLL3V27</lei>
        <title>VOYA 2024-4A A2</title>
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          <ticker value="VOYA"/>
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        <valUSD>10095866.13</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.43444</annualizedRt>
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      <invstOrSec>
        <name>Voya CLO 2014-4 Ltd</name>
        <lei>549300JHU3YI1LLL3V27</lei>
        <title>VOYA 2025-4A A1</title>
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        <valUSD>5020640.05</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Viper Energy Partners LLC</name>
        <lei>54930010ZZ02MRGRI973</lei>
        <title>VNOM 5.7 08/01/35</title>
        <cusip>92764MAB0</cusip>
        <identifiers>
          <isin value="US92764MAB00"/>
          <ticker value="VNOM"/>
          <other otherDesc="Internal ID" value="92764MAB0"/>
        </identifiers>
        <balance>16748000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17091836.44</valUSD>
        <pctVal>0.0603514620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</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>Madison Park Funding Xxxiv Ltd.</name>
        <lei>N/A</lei>
        <title>MDPK 2022-62A A1R2</title>
        <cusip>55817HAW9</cusip>
        <identifiers>
          <isin value="US55817HAW97"/>
          <ticker value="MDPK"/>
          <other otherDesc="Internal ID" value="US55817HAW97"/>
        </identifiers>
        <balance>26531000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26608425.42</valUSD>
        <pctVal>0.0939546421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.19363</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>Madison Park Funding Xxxiv Ltd.</name>
        <lei>N/A</lei>
        <title>MDPK 2025-73A A1</title>
        <cusip>55823HAA9</cusip>
        <identifiers>
          <isin value="US55823HAA95"/>
          <ticker value="MDPK"/>
          <other otherDesc="Internal ID" value="US55823HAA95"/>
        </identifiers>
        <balance>28500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28579378.2</valUSD>
        <pctVal>0.1009140980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.26303</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>MAGNETITE 50 LIMITED</name>
        <lei>529900LA8YF5OY74OD31</lei>
        <title>MAGNE 2025-50A A1</title>
        <cusip>55956MAA7</cusip>
        <identifiers>
          <isin value="US55956MAA71"/>
          <ticker value="MAGNE"/>
          <other otherDesc="Internal ID" value="US55956MAA71"/>
        </identifiers>
        <balance>19768000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19821990.36</valUSD>
        <pctVal>0.0699916655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.58884</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>Janus Henderson Cash Collateral Fund</name>
        <lei>N/A</lei>
        <title>Janus Henderson Cash Collateral Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="896"/>
        </identifiers>
        <balance>4151624</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4151624</valUSD>
        <pctVal>0.0146594299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="4151624.000000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Royal Bank of Canada</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="RBC SL TD"/>
        </identifiers>
        <balance>1037906</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1037906</valUSD>
        <pctVal>0.0036648575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1037906.000000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-13</ncom:dateSigned>
      <ncom:nameOfApplicant>JANUS INVESTMENT FUND</ncom:nameOfApplicant>
      <ncom:signature>JESPER NERGAARD</ncom:signature>
      <ncom:signerName>JESPER NERGAARD</ncom:signerName>
      <ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
