<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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          <ccc>XXXXXXXX</ccc>
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        <classId>C000195602</classId>
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      <regStateConditional regCountry="US" regState="US-CO"/>
      <regZipOrPostalCode>80111</regZipOrPostalCode>
      <regPhone>866-831-7129</regPhone>
      <seriesName>Great-West Inflation-Protected Securities Fund</seriesName>
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      <repPdEnd>2020-12-31</repPdEnd>
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      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>2693302.530000000000</totLiabs>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>Inflation Swap</name>
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        <title>RCV 0.00 PAY 0.00 01/09/2024</title>
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          <other otherDesc="In-House" value="IR211152"/>
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        <name>Inflation Swap</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Inflation Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.00 PAY 0.00 08/05/2024</title>
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        <fairValLevel>2</fairValLevel>
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            <fixedPmntDesc amount="2728713.56999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.000000000000"/>
            <terminationDt>2024-08-05</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-94919.73</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inflation Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.00 PAY 0.00 03/22/2022</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR211421"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-543823.5</valUSD>
        <pctVal>-0.1381606650</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE &amp; CO</counterpartyName>
              <counterpartyLei>8I5DZWZKVSZI1NUHU748</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Inflation Swaps</issuerName>
                <issueTitle>Inflation Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-14174647.65" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.000000000000"/>
            <fixedPmntDesc amount="13630824.15" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.000000000000"/>
            <terminationDt>2022-03-22</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>15000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-543823.5</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inflation Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.00 PAY 0.00 02/20/2024</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR211261"/>
        </identifiers>
        <balance>369.42</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-1610037.27</valUSD>
        <pctVal>-0.4090367920</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>NOMURA ASSET ACCEPTANCE CORP</counterpartyName>
              <counterpartyLei>OXTKY6Q8X53C9ILVV871</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Inflation Swaps</issuerName>
                <issueTitle>Inflation Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-25816850.1499999" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.000000000000"/>
            <fixedPmntDesc amount="24206812.8799999" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.000000000000"/>
            <terminationDt>2024-02-20</terminationDt>
            <upfrontPmnt>369.420000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>28200000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1610406.69</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV LIB90 PAY 1.16 05/21/2035</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR214479A"/>
        </identifiers>
        <balance>14539.76</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-359.559999980032</valUSD>
        <pctVal>-0.0000913477</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.48</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANK OF AMERICA NA</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="1.078500000000" pmntAmt="-6839304.560000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="6838944.99999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.160000000000"/>
            <terminationDt>2035-05-21</terminationDt>
            <upfrontPmnt>14539.760000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>7220000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-14899.31999998</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.98 PAY LIB90 05/21/2030</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR214480A"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>13016.1600000197</valUSD>
        <pctVal>0.0033068106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.74826</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANK OF AMERICA NA</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-6860880.71999998" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.980000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="0.374130000000" pmntAmt="6873896.880000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-05-21</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-7645.830000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>7200000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>20661.9900000197</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.50 PAY LIB90 09/16/2023</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR214521A"/>
        </identifiers>
        <balance>53646.94</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>64828.8700000001</valUSD>
        <pctVal>0.0164700492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.32088</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK N.A. NEW YORK</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-7900032.03" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.500000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="0.320880000000" pmntAmt="7964860.900000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2023-09-16</terminationDt>
            <upfrontPmnt>53646.940000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>8020000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>11181.9300000001</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV 0.85 PAY LIB90 04/10/2050</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR214356A"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-27534.1099999901</valUSD>
        <pctVal>-0.0069951573</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.31138</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK N.A. NEW YORK</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-4884689.75999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.845000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="1.311380000000" pmntAmt="4857155.650000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2050-04-10</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>5050000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-27534.1099999901</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV LIB30 PAY LIB90 07/25/2024</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR213187"/>
        </identifiers>
        <balance>332.31</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-98515.0399999097</valUSD>
        <pctVal>-0.0250281634</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.98276</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK N.A. NEW YORK</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 30 DAY" floatingRtSpread="0.487250000000" pmntAmt="-20766915.519999900000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Month" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="0.991380000000" pmntAmt="20668400.480000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2024-07-25</terminationDt>
            <upfrontPmnt>332.310000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>20800000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-98847.3499999097</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interest Rate Swap</name>
        <lei>N/A</lei>
        <title>RCV LIB90 PAY 0.86 04/09/2045</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="IR214324A"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>35439.96</valUSD>
        <pctVal>0.0090036720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Interest Rate Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.855</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIBANK N.A. NEW YORK</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="LIBOR 90 DAY" floatingRtSpread="1.218880000000" pmntAmt="-4664857.580000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="4700297.54" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.855000000000"/>
            <terminationDt>2045-04-09</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4870000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>35439.96</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>Interest Rate Swap</name>
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          <other otherDesc="In-House" value="IR214389A"/>
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      <invstOrSec>
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        <name>Chicago Board of Trade</name>
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        <name>Chicago Board of Trade</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CME GLOBEX</name>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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          <ticker value="TYU0"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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        <name>Chicago Board of Trade</name>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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      <invstOrSec>
        <name>AIG CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anchorage Capital CLO 2012-1 Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anchorage Capital CLO 2012-1 Ltd.</name>
        <lei>549300V7DN3VJ8H1GE96</lei>
        <title>ANCHC 2014-3RA A</title>
        <cusip>03330AAA0</cusip>
        <identifiers>
          <isin value="US03330AAA07"/>
          <ticker value="ANCHC"/>
        </identifiers>
        <balance>6250000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6156775</valUSD>
        <pctVal>1.5641547820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.81</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>Apidos CLO XII</name>
        <lei>549300M5NMLBQJXUO195</lei>
        <title>APID 2013-12A AR</title>
        <cusip>03764DAH4</cusip>
        <identifiers>
          <isin value="US03764DAH44"/>
          <ticker value="APID"/>
        </identifiers>
        <balance>4950000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4834353.15</valUSD>
        <pctVal>1.2281879064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.911250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Benefit Street Partners Clo VIII Limited</name>
        <lei>N/A</lei>
        <title>BSP 2015-8A A1AR</title>
        <cusip>08180XAN2</cusip>
        <identifiers>
          <isin value="US08180XAN21"/>
          <ticker value="BSP"/>
        </identifiers>
        <balance>6750000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6581344.5</valUSD>
        <pctVal>1.6720184629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.919130000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAZOS TEX HIGHER ED AUTH INC</name>
        <lei>N/A</lei>
        <title>TX BRASTD 03/26/2029</title>
        <cusip>106238LE6</cusip>
        <identifiers>
          <isin value="US106238LE67"/>
          <ticker value="BRASTD"/>
        </identifiers>
        <balance>1814062.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1807586.3</valUSD>
        <pctVal>0.4592249603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.446000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cedar Funding VII CLO, Ltd</name>
        <lei>549300G87EGFMLOYN341</lei>
        <title>CEDF 2018-7A A1</title>
        <cusip>15032FAA4</cusip>
        <identifiers>
          <isin value="US15032FAA49"/>
          <ticker value="CEDF"/>
        </identifiers>
        <balance>4500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4394443.5</valUSD>
        <pctVal>1.1164269954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.31</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dryden 57 Clo Ltd</name>
        <lei>N/A</lei>
        <title>DRSLF 2018-57A A</title>
        <cusip>26243KAC1</cusip>
        <identifiers>
          <isin value="US26243KAC18"/>
          <ticker value="DRSLF"/>
        </identifiers>
        <balance>4250000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4131242.25</valUSD>
        <pctVal>1.0495596024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.4</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>Dryden XXXVI Senior Loan Fund</name>
        <lei>549300XLLT7H0EYXK263</lei>
        <title>DRSLF 2014-36A AR2</title>
        <cusip>26249KAR2</cusip>
        <identifiers>
          <isin value="US26249KAR23"/>
          <ticker value="DRSLF"/>
        </identifiers>
        <balance>6350000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6302717.9</valUSD>
        <pctVal>1.6012321943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.111250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DRYDEN 76 CLO LTD / LLC</name>
        <lei>N/A</lei>
        <title>DRSLF 2019-76A A1</title>
        <cusip>26252WAA7</cusip>
        <identifiers>
          <isin value="US26252WAA71"/>
          <ticker value="DRSLF"/>
        </identifiers>
        <balance>4000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3940044</valUSD>
        <pctVal>1.0009848766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.47</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Educational Funding of The South Inc.</name>
        <lei>N/A</lei>
        <title>EFOTS 2011-1 A2</title>
        <cusip>28148WAB9</cusip>
        <identifiers>
          <isin value="US28148WAB90"/>
          <ticker value="EFOTS"/>
        </identifiers>
        <balance>1240183.77</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1217244.96</valUSD>
        <pctVal>0.3092462409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.444151000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2016-1 FT</title>
        <cusip>3136AQP61</cusip>
        <identifiers>
          <isin value="US3136AQP610"/>
          <ticker value="FNMA"/>
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        <balance>327405.26</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>326382.09</valUSD>
        <pctVal>0.0829187532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.518250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2017-45 FA</title>
        <cusip>3136AWB71</cusip>
        <identifiers>
          <isin value="US3136AWB717"/>
          <ticker value="FNMA"/>
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        <balance>269426.8</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>268514.82</valUSD>
        <pctVal>0.0682173280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.690130000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2017-96 FC</title>
        <cusip>3136B0AA4</cusip>
        <identifiers>
          <isin value="US3136B0AA42"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>5911886.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5909304.78</valUSD>
        <pctVal>1.5012839238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.568250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2018-72 FB</title>
        <cusip>3136B27D8</cusip>
        <identifiers>
          <isin value="US3136B27D87"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>4485943.02</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4464595.31</valUSD>
        <pctVal>1.1342493601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.518250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2019-41 FM</title>
        <cusip>3136B5TK1</cusip>
        <identifiers>
          <isin value="US3136B5TK10"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>4649331.33</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4648341.49</valUSD>
        <pctVal>1.1809308558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.618250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 4203 QF</title>
        <cusip>3137B2EA4</cusip>
        <identifiers>
          <isin value="US3137B2EA44"/>
          <ticker value="FHLMC"/>
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        <balance>915255.73</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>911431.52</valUSD>
        <pctVal>0.2315530404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.433630000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC Pc Prepay Prm 30</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 4751 EF</title>
        <cusip>3137FDAH5</cusip>
        <identifiers>
          <isin value="US3137FDAH58"/>
          <ticker value="FEDMFH"/>
        </identifiers>
        <balance>5050198.89</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5026052.37</valUSD>
        <pctVal>1.2768899057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.433630000000</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>FHLMC Pc Prepay Prm 30</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 4751 FA</title>
        <cusip>3137FDAK8</cusip>
        <identifiers>
          <isin value="US3137FDAK87"/>
          <ticker value="FEDMFH"/>
        </identifiers>
        <balance>4187957.06</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4169165.28</valUSD>
        <pctVal>1.0591941089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.433630000000</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>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHR 4936 FL</title>
        <cusip>3137FQJW4</cusip>
        <identifiers>
          <isin value="US3137FQJW48"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>2779562.74</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2791153.24</valUSD>
        <pctVal>0.7091043099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.668250000000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNR 2007-22 FW</title>
        <cusip>31396PT68</cusip>
        <identifiers>
          <isin value="US31396PT680"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>1319925.3</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1323662.93</valUSD>
        <pctVal>0.3362821772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.618250000000</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>Galaxy XXI CLO Ltd</name>
        <lei>549300BW4412X0TZDD77</lei>
        <title>GALXY 2015-21A AR</title>
        <cusip>36320WAL0</cusip>
        <identifiers>
          <isin value="US36320WAL00"/>
          <ticker value="GALXY"/>
        </identifiers>
        <balance>4600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4456668.6</valUSD>
        <pctVal>1.1322355458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.839130000000</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>Galaxy XXVIII Clo Ltd / Llc</name>
        <lei>549300QR0537E9AXFW42</lei>
        <title>GALXY 2018-28A A2</title>
        <cusip>36321JAE4</cusip>
        <identifiers>
          <isin value="US36321JAE47"/>
          <ticker value="GALXY"/>
        </identifiers>
        <balance>4000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3927732</valUSD>
        <pctVal>0.9978569609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.901250000000</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>Golden Credit Card Trust</name>
        <lei>549300BEDPMEONLTJX58</lei>
        <title>GCCT 2017-4A A</title>
        <cusip>380881ED0</cusip>
        <identifiers>
          <isin value="US380881ED01"/>
          <ticker value="GOLCCT"/>
        </identifiers>
        <balance>4300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4318727.79</valUSD>
        <pctVal>1.0971910984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.703700000000</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2011-117 FJ</title>
        <cusip>38377XQA3</cusip>
        <identifiers>
          <isin value="US38377XQA36"/>
          <ticker value="GNR"/>
        </identifiers>
        <balance>1837237.48</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1868162.6</valUSD>
        <pctVal>0.4746146261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.040750000000</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>Ginnie Mae</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2017-182 FN</title>
        <cusip>38380UBH5</cusip>
        <identifiers>
          <isin value="US38380UBH59"/>
          <ticker value="GNR"/>
        </identifiers>
        <balance>4768837.49</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4740856.81</valUSD>
        <pctVal>1.2044347650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.482130000000</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>GREAT WOLF TRUST</name>
        <lei>N/A</lei>
        <title>GWT 2019-WOLF A</title>
        <cusip>39152TAA8</cusip>
        <identifiers>
          <isin value="US39152TAA88"/>
          <ticker value="GWT"/>
        </identifiers>
        <balance>4300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4129397.5</valUSD>
        <pctVal>1.0490909358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.218000000000</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>Icg Us Clo Ltd</name>
        <lei>63540028G9FPZW4LFZ33</lei>
        <title>ICG 2018-1A A1</title>
        <cusip>449258AA0</cusip>
        <identifiers>
          <isin value="US449258AA06"/>
          <ticker value="ICG"/>
        </identifiers>
        <balance>1250000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1207158.75</valUSD>
        <pctVal>0.3066837965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.17</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding XXX Ltd</name>
        <lei>N/A</lei>
        <title>MDPK 2018-30A A</title>
        <cusip>55821TAA5</cusip>
        <identifiers>
          <isin value="US55821TAA51"/>
          <ticker value="MDPK"/>
        </identifiers>
        <balance>3100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3024276.3</valUSD>
        <pctVal>0.7683302113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.82</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magnetite XIV-R Limited</name>
        <lei>549300XD71H6EU9N2I97</lei>
        <title>MAGNE 2015-14RA A1</title>
        <cusip>55954LAC7</cusip>
        <identifiers>
          <isin value="US55954LAC72"/>
          <ticker value="MAGNE"/>
        </identifiers>
        <balance>2600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2533609</valUSD>
        <pctVal>0.6436741042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.939130000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNETITE XXIII LIMITED</name>
        <lei>N/A</lei>
        <title>MAGNE 2019-23A A</title>
        <cusip>55954NAA7</cusip>
        <identifiers>
          <isin value="US55954NAA72"/>
          <ticker value="MAGNE"/>
        </identifiers>
        <balance>2000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1961526</valUSD>
        <pctVal>0.4983339935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.29</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>Nextgear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
        <title>NFMOT 2018-1A A1</title>
        <cusip>65341KAZ9</cusip>
        <identifiers>
          <isin value="US65341KAZ93"/>
          <ticker value="NFMOT"/>
        </identifiers>
        <balance>1550000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1537652.39</valUSD>
        <pctVal>0.3906471065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.823630000000</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>Nissan Master Owne</name>
        <lei>N/A</lei>
        <title>NMOTR 2017-C A</title>
        <cusip>65474VAP6</cusip>
        <identifiers>
          <isin value="US65474VAP67"/>
          <ticker value="NMOTR"/>
        </identifiers>
        <balance>5865000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5862198.29</valUSD>
        <pctVal>1.4893163204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.503630000000</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>PHEAA STUDENT LOAN TRUST</name>
        <lei>N/A</lei>
        <title>PHEAA 2012-1A A1</title>
        <cusip>69338YAA1</cusip>
        <identifiers>
          <isin value="US69338YAA10"/>
          <ticker value="PHEAA"/>
        </identifiers>
        <balance>1181165</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1137856.4</valUSD>
        <pctVal>0.2890772408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.884260000000</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>PALMER SQUARE CLO LTD</name>
        <lei>549300Y43K78UTRMTN21</lei>
        <title>PLMRS 2019-1A A1</title>
        <cusip>69700GAA0</cusip>
        <identifiers>
          <isin value="US69700GAA04"/>
          <ticker value="PLMRS"/>
        </identifiers>
        <balance>4000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3930140</valUSD>
        <pctVal>0.9984687235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.76</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>RR 3 LTD</name>
        <lei>549300YH0VOGWM5JZF65</lei>
        <title>RRAM 2018-3A A1R2</title>
        <cusip>74988LAA2</cusip>
        <identifiers>
          <isin value="US74988LAA26"/>
          <ticker value="ALM"/>
        </identifiers>
        <balance>5000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4882680</valUSD>
        <pctVal>1.2404655475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.921250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLM Student Loan Trust 2007-01</name>
        <lei>5493006Z6MTP02OKOJ80</lei>
        <title>SLMA 2007-1 A5</title>
        <cusip>78443VAE2</cusip>
        <identifiers>
          <isin value="US78443VAE20"/>
          <ticker value="SLMA"/>
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        <balance>951903.43</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>946177.45</valUSD>
        <pctVal>0.2403803912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.884130000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scholar Funding Tr</name>
        <lei>N/A</lei>
        <title>SCHOL 2010-A A</title>
        <cusip>80705RAA8</cusip>
        <identifiers>
          <isin value="US80705RAA86"/>
          <ticker value="SCHOL"/>
        </identifiers>
        <balance>148028.73</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145459.97</valUSD>
        <pctVal>0.0369547219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.545380000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scholar Funding Trust 2010-A</name>
        <lei>N/A</lei>
        <title>SCHOL 2011-A A</title>
        <cusip>80705TAA4</cusip>
        <identifiers>
          <isin value="US80705TAA43"/>
          <ticker value="SCHOL"/>
        </identifiers>
        <balance>1142729.28</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1110558.36</valUSD>
        <pctVal>0.2821420581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.695380000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sound Point CLO XX</name>
        <lei>549300RTEBF0FW35D815</lei>
        <title>SNDPT 2018-2A A</title>
        <cusip>83611JAA3</cusip>
        <identifiers>
          <isin value="US83611JAA34"/>
          <ticker value="SNDPT"/>
        </identifiers>
        <balance>4000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3842072</valUSD>
        <pctVal>0.9760946748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.09</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Student Ln Consol</name>
        <lei>5493008KMDJ3GC7JUA63</lei>
        <title>SLCC 2011-1 A</title>
        <cusip>86386MAY0</cusip>
        <identifiers>
          <isin value="US86386MAY03"/>
          <ticker value="SLCC"/>
        </identifiers>
        <balance>403513.9</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405029.94</valUSD>
        <pctVal>0.1028995728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.707250900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinitas CLO II Ltd</name>
        <lei>549300F7PKMA8LQYKG72</lei>
        <title>TRNTS 2014-2A A1R</title>
        <cusip>89640RAS8</cusip>
        <identifiers>
          <isin value="US89640RAS85"/>
          <ticker value="TRNTS"/>
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        <balance>313924.33</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312676.17</valUSD>
        <pctVal>0.0794367062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.011250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 2.125 02/15/40</title>
        <cusip>912810QF8</cusip>
        <identifiers>
          <isin value="US912810QF84"/>
          <ticker value="T"/>
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        <balance>6800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11896648.94</valUSD>
        <pctVal>3.0223940828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2 02/15/50</title>
        <cusip>912810SL3</cusip>
        <identifiers>
          <isin value="US912810SL35"/>
          <ticker value="T"/>
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        <balance>470000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537966.41</valUSD>
        <pctVal>0.1366726464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.375 07/15/27</title>
        <cusip>9128282L3</cusip>
        <identifiers>
          <isin value="US9128282L36"/>
          <ticker value="T"/>
        </identifiers>
        <balance>31500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35921872.54</valUSD>
        <pctVal>9.1261039606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.5 01/15/28</title>
        <cusip>9128283R9</cusip>
        <identifiers>
          <isin value="US9128283R96"/>
          <ticker value="T"/>
        </identifiers>
        <balance>10400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11846453.78</valUSD>
        <pctVal>3.0096417897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.875 01/15/29</title>
        <cusip>9128285W6</cusip>
        <identifiers>
          <isin value="US9128285W63"/>
          <ticker value="T"/>
        </identifiers>
        <balance>17700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20524559.86</valUSD>
        <pctVal>5.2143514183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.875000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.25 07/15/29</title>
        <cusip>9128287D6</cusip>
        <identifiers>
          <isin value="US9128287D64"/>
          <ticker value="T"/>
        </identifiers>
        <balance>2000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2191961.36</valUSD>
        <pctVal>0.5568770733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 07/15/26</title>
        <cusip>912828S50</cusip>
        <identifiers>
          <isin value="US912828S505"/>
          <ticker value="T"/>
        </identifiers>
        <balance>37100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42184936.36</valUSD>
        <pctVal>10.7172618678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.125000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.375 01/15/27</title>
        <cusip>912828V49</cusip>
        <identifiers>
          <isin value="US912828V491"/>
          <ticker value="T"/>
        </identifiers>
        <balance>11420000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13075022.06</valUSD>
        <pctVal>3.3217647681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 07/15/24</title>
        <cusip>912828WU0</cusip>
        <identifiers>
          <isin value="US912828WU04"/>
          <ticker value="T"/>
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        <balance>3800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4290314.48</valUSD>
        <pctVal>1.0899725766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.75 07/15/28</title>
        <cusip>912828Y38</cusip>
        <identifiers>
          <isin value="US912828Y388"/>
          <ticker value="T"/>
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        <balance>32020000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36817771.85</valUSD>
        <pctVal>9.3537109772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 0.125 10/15/24</title>
        <cusip>912828YL8</cusip>
        <identifiers>
          <isin value="US912828YL86"/>
          <ticker value="T"/>
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        <balance>17100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17916809.66</valUSD>
        <pctVal>4.5518414280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>XITII 0.125 04/15/25</title>
        <cusip>912828ZJ2</cusip>
        <identifiers>
          <isin value="US912828ZJ22"/>
          <ticker value="T"/>
        </identifiers>
        <balance>14800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15382906.69</valUSD>
        <pctVal>3.9080926395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vibrant Clo Viii Ltd</name>
        <lei>5493007UH0SOAZ6NCZ28</lei>
        <title>VIBR 2018-8A A1A</title>
        <cusip>92558FAA7</cusip>
        <identifiers>
          <isin value="US92558FAA75"/>
          <ticker value="VIBR"/>
        </identifiers>
        <balance>6650000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6407348.15</valUSD>
        <pctVal>1.6278139527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.45</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>Voya CLO 2016-1 Limited</name>
        <lei>N/A</lei>
        <title>VOYA 2016-1A A1R</title>
        <cusip>92915CAQ7</cusip>
        <identifiers>
          <isin value="US92915CAQ78"/>
          <ticker value="VOYA"/>
        </identifiers>
        <balance>6650000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6472245.5</valUSD>
        <pctVal>1.6443013995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.21</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>2020-08-13</ncom:dateSigned>
      <ncom:nameOfApplicant>GREAT-WEST FUNDS INC</ncom:nameOfApplicant>
      <ncom:signature>/s/Mary Maiers</ncom:signature>
      <ncom:signerName>Mary Maiers</ncom:signerName>
      <ncom:title>Chief Financial Officer &amp; Treasurer, Great-West Funds, Inc.</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
