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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <fwdDeriv derivCat="FWD">
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>N/A</name>
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        <title>SOLD COP/BOUGHT USD</title>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 2.588 08/12/2035</title>
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          <isin value="US09659T2B67"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.588</annualizedRt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 5.906 11/19/2035</title>
        <cusip>09659T2D2</cusip>
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          <isin value="US09659T2D24"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.906</annualizedRt>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA 2.591 01/20/2028</title>
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          <isin value="US09659W2T04"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <name>BNP Paribas SA</name>
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        <title>BNP Paribas SA 5.085 05/09/2031</title>
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        <name>Boston Properties, Inc.</name>
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        <lei>BVHHEFJI6SHNOKQT2572</lei>
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        <name>Boston Properties, Inc.</name>
        <lei>BVHHEFJI6SHNOKQT2572</lei>
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        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Charter Communications, Inc.</name>
        <lei>N/A</lei>
        <title>Charter Communications, Inc. 4.25 01/15/2034</title>
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          <isin value="US1248EPCP61"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp. 7.00 03/10/2055</title>
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          <isin value="US126650EH94"/>
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        <curCd>USD</curCd>
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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>Variable</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp. 6.312 06/08/2029</title>
        <cusip>14040HCZ6</cusip>
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          <isin value="US14040HCZ64"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-08</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp. 7.624 10/30/2031</title>
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          <isin value="US14040HDC60"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-30</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp. 4.722 01/30/2032</title>
        <cusip>14040HDP7</cusip>
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          <isin value="US14040HDP73"/>
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        <balance>13800000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13590707.4100000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cemex SAB de CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex SAB de CV 5.125 09/08/2171</title>
        <cusip>151290CA9</cusip>
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        <curCd>USD</curCd>
        <valUSD>38563931.1100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</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>
        <name>Chicago Transit Authority RB</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority RB 6.899 12/01/2040</title>
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        <identifiers>
          <isin value="US167725AC49"/>
          <other otherDesc="SEDOL" value="B3CDB04"/>
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        <balance>11588085.4100000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12940117.1600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>Chicago Transit Authority RB</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority RB 6.899 12/01/2040</title>
        <cusip>167725AF7</cusip>
        <identifiers>
          <isin value="US167725AF79"/>
          <other otherDesc="SEDOL" value="B3CFDN7"/>
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        <balance>4943719.2300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5520524.2100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.899</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>N/A</lei>
        <title>Citigroup, Inc. 7.875% 10/30/40</title>
        <cusip>173080201</cusip>
        <identifiers>
          <isin value="US1730802014"/>
          <ticker value="C"/>
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        <curCd>USD</curCd>
        <valUSD>4883151.7000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.29845</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc. 6.174 05/25/2034</title>
        <cusip>17327CAR4</cusip>
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          <isin value="US17327CAR43"/>
          <other otherDesc="SEDOL" value="BMJ0DB6"/>
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        <curCd>USD</curCd>
        <valUSD>4236739.6500000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Colombia Government International</name>
        <lei>549300MHDRBVRF6B9117</lei>
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        <cusip>195325DS1</cusip>
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          <isin value="US195325DS19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colombia Government International</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International 6.125 01/21/2031</title>
        <cusip>195325EU5</cusip>
        <identifiers>
          <isin value="US195325EU55"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG 4.588 08/10/2032</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
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        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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      <invstOrSec>
        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ECMC Group Student Loan Trust</name>
        <lei>N/A</lei>
        <title>ECMC Group Student Loan Trust 4.7119 11/25/2074</title>
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        <valUSD>15472545.8400000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2074-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7119</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>ECMC Group Student Loan Trust</name>
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      <invstOrSec>
        <name>Elanco Animal Health, Inc.</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Freddie Mac Gold</name>
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        <name>Freddie Mac Gold</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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      <invstOrSec>
        <name>Freddie Mac Pool</name>
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        <name>Freddie Mac Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac Gold</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>Freddie Mac Pool</name>
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        <curCd>USD</curCd>
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        <name>Freddie Mac Pool</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>138608.5400000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <curCd>USD</curCd>
        <valUSD>14213760.8800000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
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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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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>70502234.8400000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae 2.50 07/01/2050</title>
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          <isin value="US3140QD6C31"/>
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        <curCd>USD</curCd>
        <valUSD>2380712.3800000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <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>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>2487292.6600000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae 2.00 09/01/2050</title>
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        <curCd>USD</curCd>
        <valUSD>3100798.7700000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae 2.50 11/01/2050</title>
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          <isin value="US3140QFSS97"/>
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        <curCd>USD</curCd>
        <valUSD>3198880.7900000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae 2.50 06/01/2050</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae 2.50 12/01/2050</title>
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        <curCd>USD</curCd>
        <valUSD>6756121.3400000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>The Goldman Sachs Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>The Goldman Sachs Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>The Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>Ginnie Mae</name>
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        <name>HCA Healthcare, Inc.</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Holdings PLC</name>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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          <isin value="US404280DX45"/>
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        <balance>13650000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC 7.399 11/13/2034</title>
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          <isin value="US404280EC98"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.399</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC 4.675 03/10/2032</title>
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          <isin value="US404280FL88"/>
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        <balance>9475000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9349437.2100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.675</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.36 03/15/2032</title>
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          <isin value="US44891XAF42"/>
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        <balance>15000000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.56 03/15/2033</title>
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          <isin value="US44891XAG25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.44 01/15/2031</title>
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          <isin value="US448976AE05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.67 01/15/2031</title>
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          <isin value="US448976AF79"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.31 06/15/2033</title>
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          <isin value="US448981AG55"/>
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        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.76 06/15/2032</title>
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        <name>Hyundai Auto Receivables Trust</name>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.72 07/15/2030</title>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust 4.92 07/15/2032</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan Tobacco, Inc.</name>
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        <name>Japan Tobacco, Inc.</name>
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        <name>Japan Tobacco, Inc.</name>
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        <name>LSEG US Fin Corp.</name>
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        <name>NatWest Group PLC</name>
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        <name>NatWest Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group PLC</name>
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        <name>Navient Student Loan Trust</name>
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        <name>Navient Student Loan Trust (Private Loans)</name>
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        <name>News Corp.</name>
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        <name>NextEra Energy, Inc.</name>
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        <name>NextEra Energy, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
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        <name>Oracle Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Petroleos Mexicanos</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust (Private Loans)</name>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust (Private Loans)</name>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust (Private Loans)</name>
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        <name>SMB Private Education Loan Trust (Private Loans)</name>
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        <name>Salesforce, Inc.</name>
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        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
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        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
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        <name>TC Energy Corp.</name>
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        <valUSD>7272684.5400000000</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>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC 7.00 04/04/2079</title>
        <cusip>92857WBQ2</cusip>
        <identifiers>
          <isin value="US92857WBQ24"/>
          <other otherDesc="SEDOL" value="BJWZHR1"/>
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        <balance>21050000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21651115.1700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-04-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 2.572 02/11/2031</title>
        <cusip>95000U2J1</cusip>
        <identifiers>
          <isin value="US95000U2J10"/>
          <other otherDesc="SEDOL" value="BK8ZYZ9"/>
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        <balance>16750000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15493391.2200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.572</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 3.35 03/02/2033</title>
        <cusip>95000U2U6</cusip>
        <identifiers>
          <isin value="US95000U2U64"/>
          <other otherDesc="SEDOL" value="BLD7GV7"/>
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        <balance>9375000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8607991.0300000000</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>2033-03-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.35</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 4.897 07/25/2033</title>
        <cusip>95000U3B7</cusip>
        <identifiers>
          <isin value="US95000U3B74"/>
          <other otherDesc="SEDOL" value="BN101G2"/>
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        <balance>2800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2785681.0200000000</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>2033-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.897</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 5.389 04/24/2034</title>
        <cusip>95000U3D3</cusip>
        <identifiers>
          <isin value="US95000U3D31"/>
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        <balance>7800000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7916814.2800000000</valUSD>
        <pctVal>0.1571143386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.389</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 4.90 01/24/2028</title>
        <cusip>95000U3R2</cusip>
        <identifiers>
          <isin value="US95000U3R27"/>
          <other otherDesc="SEDOL" value="BR4SJJ0"/>
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        <balance>2575000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2584338.9100000000</valUSD>
        <pctVal>0.0512878898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.9</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>Hungary Government</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government 6.75 10/22/2028</title>
        <cusip>EI5857269</cusip>
        <identifiers>
          <isin value="HU0000402532"/>
          <other otherDesc="SEDOL" value="B555B67"/>
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        <balance>7690000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="HUF" exchangeRt="332.5691500000"/>
        <valUSD>22921259.1500000000</valUSD>
        <pctVal>0.4548873251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Imperial Brands PLC</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>Imperial Brands PLC 4.875 06/07/2032</title>
        <cusip>EK0947458</cusip>
        <identifiers>
          <isin value="XS1040508597"/>
          <other otherDesc="SEDOL" value="BK3F528"/>
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        <balance>38797000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7555150000"/>
        <valUSD>48979516.9900000000</valUSD>
        <pctVal>0.9720304336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Australia Government Bond</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>Australia Government Bond 2.00 08/21/2035</title>
        <cusip>EJ8475570</cusip>
        <identifiers>
          <isin value="AU000XCLWAF4"/>
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        <balance>20500000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493800000"/>
        <valUSD>18919693.2500000000</valUSD>
        <pctVal>0.3754736421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
      <invstOrSec>
        <name>Mexico Government</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government 7.75 11/23/2034</title>
        <cusip>EK1693424</cusip>
        <identifiers>
          <isin value="MX0MGO0000U2"/>
          <other otherDesc="SEDOL" value="BLT1SS4"/>
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        <currencyConditional curCd="MXN" exchangeRt="17.9230000000"/>
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        <pctVal>0.5290107260</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>South Africa Government</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>South Africa Government 8.25 03/31/2032</title>
        <cusip>EJ7500097</cusip>
        <identifiers>
          <isin value="ZAG000107004"/>
          <other otherDesc="SEDOL" value="BP4JP79"/>
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        <currencyConditional curCd="ZAR" exchangeRt="16.9212500000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Zealand Government</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government 2.75 04/15/2037</title>
        <cusip>QZ2927965</cusip>
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          <isin value="NZGOVDT437C0"/>
          <other otherDesc="SEDOL" value="BD8BSM3"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexico Government</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government 8.00 11/07/2047</title>
        <cusip>AM7523740</cusip>
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          <isin value="MX0MGO000102"/>
          <other otherDesc="SEDOL" value="BDH3PR4"/>
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        <currencyConditional curCd="MXN" exchangeRt="17.9230000000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</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>
        <name>Colombia Government</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government 7.25 10/18/2034</title>
        <cusip>AW6274582</cusip>
        <identifiers>
          <isin value="COL17CT03615"/>
          <other otherDesc="SEDOL" value="BHPGGV4"/>
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        <currencyConditional curCd="COP" exchangeRt="3673.6500000000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG 3.125 11/12/2079</title>
        <cusip>ZQ5133157</cusip>
        <identifiers>
          <isin value="XS2077670342"/>
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        <balance>33400000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8651640000"/>
        <valUSD>37783746.7200000000</valUSD>
        <pctVal>0.7498430766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-11-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.125</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>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV 2.031 08/03/2032</title>
        <cusip>BK6874741</cusip>
        <identifiers>
          <isin value="XS2211115329"/>
          <other otherDesc="SEDOL" value="BK7YTM9"/>
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        <balance>32475000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8651640000"/>
        <valUSD>33149845.5900000000</valUSD>
        <pctVal>0.6578802888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Malaysia Government</name>
        <lei>254900GSIL471JOBYY43</lei>
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        <cusip>ZO9018995</cusip>
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          <isin value="MYBMO2000028"/>
          <other otherDesc="SEDOL" value="BMD9C89"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Chile Government</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government 5.00 10/01/2028</title>
        <cusip>BQ3398386</cusip>
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          <isin value="CL0002686989"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>State of New South Wales Australia</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
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        <cusip>BR0514587</cusip>
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          <isin value="AU3SG0002553"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-20</maturityDt>
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          <annualizedRt>1.75</annualizedRt>
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      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
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          <isin value="XS2391790610"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>Brazil Government</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazil Government 10.00 01/01/2033</title>
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        <identifiers>
          <isin value="BRSTNCNTF212"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
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        <cusip>BV4443529</cusip>
        <identifiers>
          <isin value="XS2451803063"/>
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        <balance>21700000.0000000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.375</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>South Korea Government</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>South Korea Government 3.375 06/10/2032</title>
        <cusip>BV6632293</cusip>
        <identifiers>
          <isin value="KR103502GC65"/>
          <other otherDesc="SEDOL" value="BPP0D88"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375</annualizedRt>
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      <invstOrSec>
        <name>State of Queensland Australia</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
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        <cusip>ZM7412517</cusip>
        <identifiers>
          <isin value="AU3CB0296580"/>
          <other otherDesc="SEDOL" value="BQS97Q5"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Hungary Government</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government 9.50 10/21/2026</title>
        <cusip>ZM3341793</cusip>
        <identifiers>
          <isin value="HU0000406160"/>
          <other otherDesc="SEDOL" value="BNHTQW4"/>
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        <balance>5530000000.0000000000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="332.5691500000"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Norway Government</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government 3.00 08/15/2033</title>
        <cusip>ZM8878765</cusip>
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          <isin value="NO0012837642"/>
          <other otherDesc="SEDOL" value="BNC3773"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Japan Government</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>Japan Government 0.20 12/20/2027</title>
        <cusip>ZL1135330</cusip>
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          <isin value="JP1051561P27"/>
          <other otherDesc="SEDOL" value="BN2ZXD7"/>
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        <currencyConditional curCd="JPY" exchangeRt="158.7050000000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.2</annualizedRt>
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      <invstOrSec>
        <name>Kommuninvest Cooperative Society</name>
        <lei>EV2XZWMLLXF2QRX0CD47</lei>
        <title>Kommuninvest Cooperative Society 3.25 11/12/2029</title>
        <cusip>ZM9734926</cusip>
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          <isin value="SE0019764143"/>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>Chile Government</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government 6.00 04/01/2033</title>
        <cusip>ZK1811536</cusip>
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          <isin value="CL0002839505"/>
          <other otherDesc="SEDOL" value="BMXCSY6"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG 7.00 09/25/2083</title>
        <cusip>ZH0180542</cusip>
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          <isin value="XS2684846806"/>
          <other otherDesc="SEDOL" value="BMD6S04"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>Chile Government</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government 5.80 10/01/2034</title>
        <cusip>ZH7377901</cusip>
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          <isin value="CL0002886803"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8</annualizedRt>
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      <invstOrSec>
        <name>United Kingdom Government</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Government 4.375 07/31/2054</title>
        <cusip>ZF2680865</cusip>
        <identifiers>
          <isin value="GB00BPSNBB36"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Romanian Government International</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romanian Government International 5.375 03/22/2031</title>
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        <identifiers>
          <isin value="XS2771478828"/>
          <other otherDesc="SEDOL" value="BQ7X3V5"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.8651640000"/>
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        <pctVal>0.4705315039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>Peru Government</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Peru Government 7.60 08/12/2039</title>
        <cusip>YX8593908</cusip>
        <identifiers>
          <isin value="PEP01000C5J8"/>
          <other otherDesc="SEDOL" value="BRT7420"/>
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        <balance>298741000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PEN" exchangeRt="3.4799000000"/>
        <valUSD>88675291.2900000000</valUSD>
        <pctVal>1.7598189435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.6</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>Norway Government</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government 3.75 06/12/2035</title>
        <cusip>YR2442626</cusip>
        <identifiers>
          <isin value="NO0013475558"/>
          <other otherDesc="SEDOL" value="BTRFQP7"/>
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        <balance>552095000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829000000"/>
        <valUSD>54576541.0300000000</valUSD>
        <pctVal>1.0831070232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc. 5.742 06/15/2056</title>
        <cusip>92343VHE7</cusip>
        <identifiers>
          <isin value="XS3226700014"/>
        </identifiers>
        <balance>12800000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7555150000"/>
        <valUSD>16363707.7900000000</valUSD>
        <pctVal>0.3247484450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.742</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc. 3.9962 06/15/2056</title>
        <cusip>92343VHD9</cusip>
        <identifiers>
          <isin value="XS3226542861"/>
        </identifiers>
        <balance>19200000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8651640000"/>
        <valUSD>21450923.0600000000</valUSD>
        <pctVal>0.4257075473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.9962</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>South Korea Government</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>South Korea Government 3.25 12/10/2035</title>
        <cusip>YJ8526396</cusip>
        <identifiers>
          <isin value="KR103502GFC1"/>
        </identifiers>
        <balance>183300000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="KRW" exchangeRt="1531.6500000000"/>
        <valUSD>113826299.7500000000</valUSD>
        <pctVal>2.2589570968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</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>
      <invstOrSec>
        <name>Norway Government</name>
        <lei>549300L0BT3FJTN9MX24</lei>
        <title>Norway Government 4.125 06/03/2036</title>
        <cusip>YI4056465</cusip>
        <identifiers>
          <isin value="NO0013713123"/>
        </identifiers>
        <balance>1143000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829000000"/>
        <valUSD>115881692.0100000000</valUSD>
        <pctVal>2.2997476957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US 10YR NOTE (CBT)Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYM6"/>
        </identifiers>
        <balance>3618.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6677626.8200000000</valUSD>
        <pctVal>-0.1325218559</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>US 10YR NOTE</indexName>
                <indexIdentifier>TYM6</indexIdentifier>
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            <expDate>2026-06-18</expDate>
            <notionalAmt>408445220.5700000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6677626.8200000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AUST 10Y BOND FUT Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XMM6"/>
        </identifiers>
        <balance>708.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493800000"/>
        <valUSD>-364114.0400000000</valUSD>
        <pctVal>-0.0072260804</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Clearing</counterpartyName>
              <counterpartyLei>529900LN3S50JPU47S06</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>AUST 10Y BOND FUTURE</indexName>
                <indexIdentifier>XMM6</indexIdentifier>
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            </descRefInstrmnt>
            <expDate>2026-06-15</expDate>
            <notionalAmt>76817415.8500000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-364114.0400000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE  Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00N10S2350"/>
          <ticker value="G M6"/>
        </identifiers>
        <balance>728.0000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7555150000"/>
        <valUSD>-4823445.1500000000</valUSD>
        <pctVal>-0.0957244123</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures US Indices</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Long GILT Future</indexName>
                <indexIdentifier>G M6</indexIdentifier>
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            <expDate>2026-06-26</expDate>
            <notionalAmt>67555305.1600000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>-4823445.1500000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>US 10yr Ultra Fut Jun26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UXYM6"/>
        </identifiers>
        <balance>1856.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2391470.4500000000</valUSD>
        <pctVal>-0.0474602896</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>US 10YR ULTRA FUTURE</indexName>
                <indexIdentifier>UXYM6</indexIdentifier>
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            <expDate>2026-06-18</expDate>
            <notionalAmt>213076470.4500000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2391470.4500000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Australia Government Bond</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>Australia Government Bond 1.00 02/21/2050</title>
        <cusip>AU5557122</cusip>
        <identifiers>
          <isin value="AU0000024044"/>
        </identifiers>
        <balance>45000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493800000"/>
        <valUSD>25810622.4700000000</valUSD>
        <pctVal>0.5122286232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</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>Fixed Income Clearing Corporation</name>
        <lei>549300H47WTHXPU08X20</lei>
        <title>FIXED INC CLEARING CORP.REPO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="85748R009A"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3000000</valUSD>
        <pctVal>0.0595369550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="Fixed Income Clearing Corporation" isCleared="Y"/>
          <isTriParty>N</isTriParty>
          <repurchaseRt>3.63</repurchaseRt>
          <maturityDt>2026-04-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3141400</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3060020.273816</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Dodge &amp; Cox Funds</ncom:nameOfApplicant>
      <ncom:signature>Shelly Chu</ncom:signature>
      <ncom:signerName>Shelly Chu</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
