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        <name>FHLMC Pool</name>
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      <invstOrSec>
        <name>Alexander Funding Trust II</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodgreen</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HERO Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodgreen Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-15</maturityDt>
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        <name>Anheuser-Busch Cos. LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-01</maturityDt>
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        <name>Tricon Residential Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-17</maturityDt>
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        <name>Silgan Holdings, Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings, Inc.</title>
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        <balance>2350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>1.40000000</annualizedRt>
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        <name>LXP Industrial Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
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        <balance>5100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Philip Morris International, Inc.</name>
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        <name>Var Energi ASA</name>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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        <name>Fells Point Funding Trust</name>
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        <name>AMMC CLO 22 Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HERO Funding Trust</name>
        <lei>N/A</lei>
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        <balance>488862.46000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-21</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>United States of America</name>
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        <name>RTX Corp.</name>
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        <name>American Tower Corp.</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Five Corners Funding Trust IV</name>
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        <name>E3</name>
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        <name>Southern Co. (The)</name>
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        <name>Comcast Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Operating Partners LP</name>
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        <name>GE Capital Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <name>Chase Issuance Trust</name>
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        <name>CubeSmart LP</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>PepsiCo, Inc.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>FNMA</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <name>FHLMC Pool</name>
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        <name>Tennessee Valley Authority</name>
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        <name>Golden Bear LLC</name>
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        <name>FHLMC Pool</name>
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        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FCI Funding LLC</name>
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        <balance>202589.96000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
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          <isin value="US55336VBR06"/>
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        <balance>3343000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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        <name>NYMT Loan Trust</name>
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        <balance>1839000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CGC91"/>
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        <balance>6000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CAJ09"/>
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        <balance>20000000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
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          <isin value="US3132DWGS61"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Valero Energy Partners LP</name>
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        <title>Valero Energy Partners LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="WNM4COM"/>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <name>WP Carey, Inc.</name>
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        <name>FNMA</name>
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        <name>Tesla Auto Lease Trust</name>
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        <name>BPCE SA</name>
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        <name>Cargill, Inc.</name>
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        <title>Cargill, Inc.</title>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DWCP6</cusip>
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          <isin value="US3132DWCP68"/>
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        <balance>6755037.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5601722.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Boardwalk Pipelines LP</name>
        <lei>549300W6AQ2GHHCGL606</lei>
        <title>Boardwalk Pipelines LP</title>
        <cusip>096630AE8</cusip>
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          <isin value="US096630AE83"/>
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        <balance>1237000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1247382.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Microsoft Corp.</name>
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        <name>UBS Group AG</name>
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        <name>FHLMC Pool</name>
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        <name>AREIT Trust</name>
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        <name>American Express Credit Account Master Trust</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Bank of America Corp.</name>
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        <name>Harley-Davidson Motorcycle Trust</name>
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        <name>Georgia Power Co.</name>
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        <name>BPCE SA</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>FNMA</name>
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        <name>American Homes 4 Rent LP</name>
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        <name>Commonwealth Bank of Australia</name>
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        <name>FHLMC Pool</name>
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        <name>Continental Resources, Inc.</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
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        <name>Black Hills Corp.</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
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        <name>Evergy, Inc.</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy, Inc.</title>
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        <name>Jersey Central Power &amp; Light Co.</name>
        <lei>549300W9UGH9ZPLNPF79</lei>
        <title>Jersey Central Power &amp; Light Co.</title>
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        <name>Angel Oak Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Bank of America Corp.</name>
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        <name>Appalachian Power Co.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>FNMA</name>
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        <name>Comcast Corp.</name>
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        <name>NGPL PipeCo LLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Southern California Edison Co.</name>
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        <name>FNMA</name>
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        <name>Anheuser-Busch InBev Finance, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NYMT Loan Trust</name>
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        <name>FNMA</name>
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        <name>Verus Securitization Trust</name>
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        <name>Vistra Operations Co. LLC</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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        <name>FNMA</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Renew</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-20</maturityDt>
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        <name>Southern Co. Gas Capital Corp.</name>
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        <title>Southern Co. Gas Capital Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Evergy Kansas Central, Inc.</name>
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        <title>Evergy Kansas Central, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple, Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.89700000</annualizedRt>
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        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</title>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Dignity Health</name>
        <lei>TFVG45LTYVO3XKPZWP18</lei>
        <title>Dignity Health</title>
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        <name>Aventura Mall Trust</name>
        <lei>N/A</lei>
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        <name>Chesapeake Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Chesapeake Energy Corp.</title>
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        <balance>900000.00000000</balance>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
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        <balance>6169399.58000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Discover Card Execution Note Trust</name>
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        <name>Daimler Truck Finance North America LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Charter Communications Operating LLC</name>
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          <maturityDt>2048-04-01</maturityDt>
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        <name>HCA, Inc.</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Huntington National Bank (The)</name>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-10</maturityDt>
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        <name>American Homes 4 Rent LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <name>Bacardi Ltd.</name>
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        <name>Var Energi ASA</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Southern Co. Gas Capital Corp.</name>
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        <name>FNMA</name>
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        <name>Jersey Central Power &amp; Light Co.</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Walmart, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US91282CHB00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kite Realty Group LP</name>
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        <name>Glencore Funding LLC</name>
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        <name>Energy Transfer LP</name>
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        <name>Park Place Securities, Inc. Asset-Backed Pass-Through Certificates</name>
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        <cusip>70069FFL6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BXP Trust</name>
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        <name>Broadcom, Inc.</name>
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        <name>United States of America</name>
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        <name>GNMA</name>
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        <name>Citigroup, Inc.</name>
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        <name>Boeing Co. (The)</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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        <name>Goodgreen</name>
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        <name>Morgan Stanley</name>
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        <name>Citigroup, Inc.</name>
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        <name>FNMA</name>
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        <name>CSL Finance plc</name>
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        <name>GNMA</name>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>Ashtead Capital, Inc.</name>
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        <name>Ashtead Capital, Inc.</name>
        <lei>213800J1134IW58IC398</lei>
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        <name>Appalachian Power Co.</name>
        <lei>3SCHO1ABYYIG382BEI70</lei>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <name>Brookfield Finance, Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance, Inc.</title>
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        <balance>5500000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>Continental Resources, Inc.</name>
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        <name>Cargill, Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Syensqo SA</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>FirstEnergy Pennsylvania Electric Co.</name>
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        <name>Capital One Multi-Asset Execution Trust</name>
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        <name>CVS Pass-Through Trust</name>
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        <name>Chase Mortgage Finance Corp.</name>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <name>Energy Transfer LP</name>
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        <name>Kentucky Utilities Co.</name>
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        <name>Truist Financial Corp.</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ashtead Capital, Inc.</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital, Inc.</title>
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          <isin value="US045054AF03"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2398189.48000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA N.A.</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Internal ID" value="240328013"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>0.117605127061</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="B4TYDEB6GKMZO031MB27" name="BANK OF AMERICA N.A."/>
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          <isTriParty>Y</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>15115470.02000000</principalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US912828V988"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1882812.50000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UBS Group AG</name>
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          <isin value="US902613AP31"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9798588.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="376732.08000000"/>
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      <invstOrSec>
        <name>CANTOR FITZGERAL &amp; CO</name>
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        <title>Government Agency Repurchase Agreement</title>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="240328019"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20000000.00000000</valUSD>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="5493004J7H4GCPG6OB62" name="CANTOR FITZGERAL &amp; CO"/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.33000000</repurchaseRt>
          <maturityDt>2024-04-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>165478846.73470000</principalAmt>
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              <collateralVal>20347212.83710000</collateralVal>
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              <invstCat>AMBS</invstCat>
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            <repurchaseCollateral>
              <principalAmt>53146.66670000</principalAmt>
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              <collateralVal>52787.28260000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="20000000.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DWGK3</cusip>
        <identifiers>
          <isin value="US3132DWGK36"/>
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        <balance>2097200.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2142581.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northern California Power Agency</name>
        <lei>549300QYTU4PHD2XHS96</lei>
        <title>Northern California Power Agency, Series B</title>
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        <identifiers>
          <isin value="US664845DQ41"/>
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        <balance>3885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4483398.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.31100000</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>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <balance>2017902.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2036730.32000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust, Inc.</name>
        <lei>549300R1KUK063S4I339</lei>
        <title>Citigroup Mortgage Loan Trust, Inc., Series 2018-RP1, Class A1</title>
        <cusip>17326QAA1</cusip>
        <identifiers>
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        <balance>236319.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227621.06000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
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          <isin value="US806605AH42"/>
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        <balance>3335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3808485.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418EHK9</cusip>
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          <isin value="US31418EHK91"/>
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        <balance>18182565.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17313973.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BA Credit Card Trust</name>
        <lei>5493006DQ60M1CRKHH19</lei>
        <title>BA Credit Card Trust, Series 2023-A1, Class A1</title>
        <cusip>05522RDG0</cusip>
        <identifiers>
          <isin value="US05522RDG02"/>
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        <balance>2912000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2898459.78000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.79000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <balance>12300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11940128.94000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <balance>3616498.17630000</balance>
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        <curCd>USD</curCd>
        <valUSD>3650241.19000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>David Majewski</ncom:signature>
      <ncom:signerName>David Majewski</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
