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        <name>GNMA</name>
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        <name>Fortress Credit Opportunities IX CLO Ltd.</name>
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        <name>Enbridge, Inc.</name>
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        <name>AES Panama Generation Holdings SRL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trestles CLO IV Ltd.</name>
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        <name>CITGO Petroleum Corp.</name>
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        <name>Standard Chartered plc</name>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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          <maturityDt>2051-02-01</maturityDt>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>Electricite de France SA</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>WFRBS Commercial Mortgage Trust</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>United States of America</name>
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        <name>Republic of Ecuador</name>
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        <name>Santander Holdings USA, Inc.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Bimbo Bakeries USA, Inc.</name>
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        <name>HCA, Inc.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Suzano Austria GmbH</name>
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        <name>Petroleos Mexicanos</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Carrier Global Corp.</name>
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        <name>BP Capital Markets plc</name>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Howard Midstream Energy Partners LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>Crown Castle, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
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        <name>SFS Auto Receivables Securitization Trust</name>
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        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
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        <name>Cox Communications, Inc.</name>
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        <name>Columbia Pipelines Operating Co. LLC</name>
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        <name>FirstEnergy Corp.</name>
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        <name>GNMA</name>
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        <name>MCF CLO IX Ltd.</name>
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        <name>Suzano Austria GmbH</name>
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        <name>FHLMC Pool</name>
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        <name>DataBank Issuer</name>
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        <name>BAT Capital Corp.</name>
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        <title>BAT Capital Corp.</title>
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        <name>Rexford Industrial Realty LP</name>
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      <invstOrSec>
        <name>CenterPoint Energy Houston Electric LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Massachusetts Mutual Life Insurance Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TK Elevator US Newco, Inc.</name>
        <lei>549300C2AFWPAYWS5574</lei>
        <title>TK Elevator US Newco, Inc.</title>
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          <isin value="US92537RAA77"/>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="UXYM4CO"/>
          <other otherDesc="Future Ticker" value="UXYM4 Comdty"/>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US17327GAY08"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp., Series I</title>
        <cusip>857477CH4</cusip>
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          <isin value="US857477CH48"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Axalta Coating Systems Dutch Holding B BV</name>
        <lei>5493007DMEBZH3CQ5E51</lei>
        <title>Axalta Coating Systems Dutch Holding B BV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euro-Bobl</title>
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        <name>RCKT Mortgage Trust</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Dell International LLC</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
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        <name>J M Smucker Co. (The)</name>
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        <name>Kite Realty Group LP</name>
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        <name>Allianz SE</name>
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        <name>Warnermedia Holdings, Inc.</name>
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        <name>Sysco Corp.</name>
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        <name>ING Groep NV</name>
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        <name>Exelon Corp.</name>
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        <name>EPR Properties</name>
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        <name>Sasol Financing USA LLC</name>
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        <name>OneMain Financial Issuance Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <name>Oracle Corp.</name>
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        <name>Extra Space Storage LP</name>
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        <name>FNMA</name>
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        <name>Voya CLO Ltd.</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Daimler Trucks Retail Trust</name>
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        <name>Enel Finance America LLC</name>
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        <name>Duke Energy Indiana LLC</name>
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        <name>UBS Group AG</name>
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        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <name>Amur Equipment Finance Receivables XI LLC</name>
        <lei>549300IFG1NMINYRYF89</lei>
        <title>Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class A2</title>
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        <name>Paramount Global</name>
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        <name>Republic of Colombia</name>
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        <name>FNMA</name>
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        <name>Bayview Opportunity Master Fund VII LLC</name>
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        <name>Truist Financial Corp.</name>
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        <name>United States of America</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>FNMA</name>
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        <name>Textainer Marine Containers VII Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>Bayer US Finance LLC</name>
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        <name>FNMA</name>
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        <name>AES Andes SA</name>
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        <name>Builders FirstSource, Inc.</name>
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        <name>GNMA</name>
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        <name>FNMA</name>
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        <name>NBM US Holdings, Inc.</name>
        <lei>5493008K1QMSP0J8UC24</lei>
        <title>NBM US Holdings, Inc.</title>
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        <name>Hilton Grand Vacations Trust</name>
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        <name>Citizens Bank NA</name>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <name>BRAVO Residential Funding Trust</name>
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        <name>Bank of America Corp.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Imperial Fund Mortgage Trust</name>
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        <name>Petroleos de Venezuela SA</name>
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        <name>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
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        <name>NiSource, Inc.</name>
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        <name>Sysco Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>UBS Group AG</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>FHLMC Pool</name>
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        <name>Auxilior Term Funding LLC</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>Amgen, Inc.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Prime Security Services Borrower LLC</name>
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        <name>Marlette Funding Trust</name>
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        <name>Global Payments, Inc.</name>
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        <name>GNMA</name>
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        <name>Enel Finance International NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines, Inc.</name>
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        <name>State of Israel</name>
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        <name>FNMA</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <name>Targa Resources Partners LP</name>
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        <name>AerCap Global Aviation Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>N/A</name>
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        <name>Indiana Michigan Power Co.</name>
        <lei>JHR9V15J0ZRG02MIRD06</lei>
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        <name>J M Smucker Co. (The)</name>
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        <name>Republic of Poland</name>
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        <name>FHLMC Pool</name>
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        <name>Intel Corp.</name>
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        <name>FNMA</name>
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        <name>Petroleos del Peru SA</name>
        <lei>549300ZMGDLC9JT2OR80</lei>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
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        <name>Republic of Ecuador</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>Tesla Auto Lease Trust</name>
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        <name>MetLife, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <name>Bimbo Bakeries USA, Inc.</name>
        <lei>549300HOXXHHT7926W92</lei>
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        <name>Credit Acceptance Auto Loan Trust</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>Endeavor Energy Resources LP</name>
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        <name>GNMA</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Rolls-Royce plc</name>
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        <name>MF1 Ltd.</name>
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        <name>Bayview Opportunity Master Fund VII Trust</name>
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        <name>Carrier Global Corp.</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Sprint LLC</name>
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        <name>Electricite de France SA</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>BAT International Finance plc</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="JBM4COS"/>
          <other otherDesc="Future Ticker" value="JBM4 Comdty"/>
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        <balance>-51.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="151.38000000"/>
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        <pctVal>-0.00986332275</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Japan Securities Clearing</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="JBM4 Comdty"/>
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            <expDate>2024-06-13</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sealed Air Corp.</name>
        <lei>N/A</lei>
        <title>Sealed Air Corp.</title>
        <cusip>812127AA6</cusip>
        <identifiers>
          <isin value="US812127AA61"/>
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        <balance>271000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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          <isin value="US893647BR70"/>
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        <balance>863000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>874389.87000000</valUSD>
        <pctVal>0.048108547619</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="344356"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp, Series L</title>
        <cusip>316773DB3</cusip>
        <identifiers>
          <isin value="US316773DB33"/>
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        <balance>655000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630886.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-30</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BH9</cusip>
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          <isin value="US893647BH98"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425350.63000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Southern Co. Gas Capital Corp.</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>Southern Co. Gas Capital Corp., Series 20-A</title>
        <cusip>8426EPAD0</cusip>
        <identifiers>
          <isin value="US8426EPAD09"/>
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        <balance>3120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2539020.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NGPL PipeCo LLC</name>
        <lei>549300K3NT1HSQFEM073</lei>
        <title>NGPL PipeCo LLC</title>
        <cusip>62912XAC8</cusip>
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          <isin value="US62912XAC83"/>
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        <balance>3413000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3802684.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.76800000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397D83</cusip>
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        <balance>2690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2699947.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XJM67</cusip>
        <identifiers>
          <isin value="US3140XJM673"/>
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        <balance>8921585.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7837488.05000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3133A3GU6</cusip>
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          <isin value="US3133A3GU63"/>
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        <balance>889139.98000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp., Series M</title>
        <cusip>14040HCF0</cusip>
        <identifiers>
          <isin value="US14040HCF01"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>888275.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>Sasol Financing USA LLC</name>
        <lei>549300XRB1PFMESFEL85</lei>
        <title>Sasol Financing USA LLC</title>
        <cusip>80386WAB1</cusip>
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          <isin value="US80386WAB19"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383297.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61746BEF9</cusip>
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          <isin value="US61746BEF94"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc.</title>
        <cusip>30303M8J4</cusip>
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        <balance>4840000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>TIF Funding III LLC</name>
        <lei>N/A</lei>
        <title>TIF Funding III LLC, Series 2024-1A, Class A</title>
        <cusip>88655AAA8</cusip>
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          <isin value="US88655AAA88"/>
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        <balance>4006000.00000000</balance>
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        <valUSD>4029831.69000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.48000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29278NAP8</cusip>
        <identifiers>
          <isin value="US29278NAP87"/>
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        <balance>2930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2843823.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Hess Midstream Operations LP</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>TransDigm, Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>United States of America</name>
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        <name>American Airlines, Inc.</name>
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        <name>Hess Midstream Operations LP</name>
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        <name>FNMA</name>
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        <name>US Foods, Inc.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
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        <name>Brixmor Operating Partnership LP</name>
        <lei>549300CJHBL7JBUA6503</lei>
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        <name>ONEOK, Inc.</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Stellantis Finance US, Inc.</name>
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        <name>Nasdaq, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>Citizens Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Dell International LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>DT Midstream, Inc.</name>
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        <name>Celanese US Holdings LLC</name>
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        <name>FNMA</name>
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        <name>Wynn Macau Ltd.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Baker Hughes Holdings LLC</name>
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        <name>Duke Energy Corp.</name>
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        <title>Duke Energy Corp.</title>
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        <name>Discover Financial Services</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
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        <name>Sprint Capital Corp.</name>
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        <title>Sprint Capital Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Energy Transfer LP</name>
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        <name>FHLMC Pool</name>
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          <isin value="US3132DVLQ67"/>
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        <name>Cheniere Energy Partners LP</name>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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          <isin value="US233331BG16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="TUM4COM"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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          <isin value="US37045XDP87"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3636572.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-03</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US06051GMA49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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          <isin value="US89788MAP77"/>
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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>2034-06-08</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>7-Eleven, Inc.</name>
        <lei>549300K23JPL0SS3LB18</lei>
        <title>7-Eleven, Inc.</title>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAW0</cusip>
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          <isin value="US29273VAW00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
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        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines, Inc.</title>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc., Series W</title>
        <cusip>172967MU2</cusip>
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          <isin value="US172967MU24"/>
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        <balance>508000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487043.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
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      <invstOrSec>
        <name>New Economy Assets Phase 1 Sponsor LLC</name>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>IPALCO Enterprises, Inc.</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Pool</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Textainer Marine Containers VII Ltd.</name>
        <lei>549300X48KLHDDGPK024</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kraft Heinz Foods Co.</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <name>Targa Resources Partners LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MetroNet Infrastructure Issuer LLC</name>
        <lei>5493000BIROCAEATAQ61</lei>
        <title>MetroNet Infrastructure Issuer LLC, Series 2024-1A, Class A2</title>
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        <curCd>USD</curCd>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <issuerCat>USGA</issuerCat>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cemex SAB de CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex SAB de CV</title>
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        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
        <title>PFS Financing Corp., Series 2021-B, Class A</title>
        <cusip>69335PED3</cusip>
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        <balance>8280000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.77000000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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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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      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV</title>
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          <isin value="US74365PAG37"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2084936.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-19</maturityDt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3138EKFG5</cusip>
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          <isin value="US3138EKFG55"/>
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        <balance>4853049.94000000</balance>
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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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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <isin value="DE000C75XMU8"/>
          <other otherDesc="Future Ticker" value="RXM4 Comdty"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Eurex Clearing</counterpartyName>
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      <invstOrSec>
        <name>Cerberus Loan Funding XXXVII LP</name>
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        <cusip>15672QAA5</cusip>
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          <isin value="US15672QAA58"/>
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        <balance>5600000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XJR88</cusip>
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          <isin value="US3140XJR888"/>
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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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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Macquarie Airfinance Holdings Ltd.</name>
        <lei>549300MCGUSL5B852H65</lei>
        <title>Macquarie Airfinance Holdings Ltd.</title>
        <cusip>55609NAD0</cusip>
        <identifiers>
          <isin value="US55609NAD03"/>
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        <balance>2067000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2103856.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Hungary</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>445545AT3</cusip>
        <identifiers>
          <isin value="US445545AT30"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1307169.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
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          <isin value="US054989AD07"/>
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        <balance>699000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>753556.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Republic of Ecuador</name>
        <lei>5299003Y2U5XK0A35H71</lei>
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          <isin value="XS2214237807"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>EC</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1617888.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp., Series X</title>
        <cusip>060505EH3</cusip>
        <identifiers>
          <isin value="US060505EH35"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1241411.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179TQP3</cusip>
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        <balance>311573.05000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
        <cusip>914906AY8</cusip>
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        <balance>139000.00000000</balance>
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        <valUSD>141607.78000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Charter Communications Operating LLC</name>
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        <title>Charter Communications Operating LLC</title>
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        <balance>2009000.00000000</balance>
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        <valUSD>1691788.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Exelon Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>Fortress Credit Opportunities XVII CLO Ltd.</name>
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        <name>Petroleos de Venezuela SA</name>
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        <name>Stratus CLO Ltd.</name>
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        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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      <invstOrSec>
        <name>Fiserv, Inc.</name>
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      <invstOrSec>
        <name>Edison International</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Liberty Mutual Group, Inc.</name>
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        <name>FNMA</name>
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        <name>Electricite de France SA</name>
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        <name>Republic of Ecuador</name>
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        <name>Neuberger Berman Loan Advisers CLO 47 Ltd.</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports &amp; Special Economic Zone Ltd.</title>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <name>Kite Realty Group LP</name>
        <lei>549300X6R2GYI8Y3OD81</lei>
        <title>Kite Realty Group LP</title>
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        <invCountry>US</invCountry>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAY6</cusip>
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        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
        <cusip>29250NBZ7</cusip>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>BNP Paribas SA</name>
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        <name>Energy Transfer LP</name>
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        <name>Westlake Corp.</name>
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        <name>Global Partners LP</name>
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        <name>Amgen, Inc.</name>
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        <name>Amgen, Inc.</name>
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        <name>Bolivarian Republic of Venezuela</name>
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        <name>FHLMC Pool</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>CVS Health Corp.</name>
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        <name>Dell International LLC</name>
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        <name>Truist Financial Corp.</name>
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        <name>HCA, Inc.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>HSBC Holdings plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>FNMA</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>FHLMC Pool</name>
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        <name>FNMA</name>
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        <name>Broadcom, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Kentucky Utilities Co.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>Citigroup, Inc.</name>
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        <name>Phillips 66</name>
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        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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          <isin value="US126650DN71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-21</maturityDt>
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      <invstOrSec>
        <name>Enterprise Products Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
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      <invstOrSec>
        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-26</maturityDt>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36179SB89</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-20</maturityDt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XBNR7</cusip>
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          <isin value="US3140XBNR72"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-15</maturityDt>
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        <name>Howard Midstream Energy Partners LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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      <invstOrSec>
        <name>Marathon Oil Corp.</name>
        <lei>1FRVQX2CRLGC1XLP5727</lei>
        <title>Marathon Oil Corp.</title>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Orbia Advance Corp. SAB de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp. SAB de CV</title>
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        <invCountry>MX</invCountry>
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        <name>Triton Container International Ltd.</name>
        <lei>549300O4LZFLCX53XZ54</lei>
        <title>Triton Container International Ltd.</title>
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        <invCountry>BM</invCountry>
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        <name>VMware LLC</name>
        <lei>549300BUDHS3LRWBE814</lei>
        <title>VMware LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cheniere Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NCL Corp. Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="344383"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citizens Bank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Upstart Securitization Trust</name>
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        <name>Verizon Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Braskem Netherlands Finance BV</name>
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        <name>GNMA</name>
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        <name>DT Midstream, Inc.</name>
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        <name>FNMA</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>FNMA</name>
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        <name>US Bancorp</name>
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        <name>Altria Group, Inc.</name>
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        <name>Niagara Mohawk Power Corp.</name>
        <lei>3T97Y9RR5EN5Y18QHB56</lei>
        <title>Niagara Mohawk Power Corp.</title>
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        <name>Oracle Corp.</name>
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        <name>EIG Pearl Holdings Sarl</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
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        <name>FNMA</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>MF1 Ltd.</name>
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        <name>Truist Financial Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>ING Groep NV</name>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <name>American Airlines, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>FHLMC</name>
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        <name>HCA, Inc.</name>
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        <name>GFL Environmental, Inc.</name>
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        <name>United States of America</name>
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        <name>Micron Technology, Inc.</name>
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        <name>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
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        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
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        <name>MPLX LP</name>
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        <name>Abu Dhabi Crude Oil Pipeline LLC</name>
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        <name>MGM China Holdings Ltd.</name>
        <lei>529900VZFN87OS7WJM66</lei>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
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        <curCd>USD</curCd>
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        <pctVal>0.040716251873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XKW55</cusip>
        <identifiers>
          <isin value="US3140XKW555"/>
        </identifiers>
        <balance>2589715.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2570885.13000000</valUSD>
        <pctVal>0.141448973672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397A86</cusip>
        <identifiers>
          <isin value="US345397A860"/>
        </identifiers>
        <balance>7453000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7072313.58000000</valUSD>
        <pctVal>0.389115595134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3138X32U5</cusip>
        <identifiers>
          <isin value="US3138X32U57"/>
        </identifiers>
        <balance>78587.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74460.90000000</valUSD>
        <pctVal>0.004096806100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Synchrony Bank</name>
        <lei>549300UATVPGSLE43Z27</lei>
        <title>Synchrony Bank</title>
        <cusip>87166FAD5</cusip>
        <identifiers>
          <isin value="US87166FAD50"/>
        </identifiers>
        <balance>2951000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2924054.86000000</valUSD>
        <pctVal>0.160880217510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</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>Angel Oak Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Angel Oak Mortgage Trust, Series 2019-6, Class A1</title>
        <cusip>03464VAA2</cusip>
        <identifiers>
          <isin value="US03464VAA26"/>
        </identifiers>
        <balance>417177.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403793.82000000</valUSD>
        <pctVal>0.022216559093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.62000080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>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>
