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          </otherContracts>
        </monthlyReturnCats>
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      <mon2Flow redemption="66062131.490000000000" reinvestment="3695212.660000000000" sales="62243443.910000000000"/>
      <mon3Flow redemption="84301618.780000000000" reinvestment="3695212.660000000000" sales="65279019.450000000000"/>
      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>Securities Portfolio</nameDesignatedIndex>
          <indexIdentifier>7GR1S1AD7LQ0IIU4UM51</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
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        <name>CITIGROUP GLOBAL MARKETS INC REPO</name>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <notClearedCentCparty isCleared="N">
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      <invstOrSec>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES INC REPO."/>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC REPO</name>
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        <assetCat>RA</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 11.33 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="2065426139"/>
        </identifiers>
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        <units>OU</units>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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              <counterpartyName>BANK OF AMERICA</counterpartyName>
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              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
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                  <cusip value="N/A"/>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV WIBR6 PAY 5.64 01/19/2028</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="2072767529"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>27089.290000000037</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <derivativeInfo>
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                <issueTitle>Interest Rate Swaps</issueTitle>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>RCV WIBR6 PAY 6.14 01/19/2028</title>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="2072233825"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2072229284"/>
        </identifiers>
        <balance>-36201.8499999999</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-40261.6999999999</valUSD>
        <pctVal>-0.0090938280</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS</counterpartyName>
              <counterpartyLei>2J5703FH5U5M97R1I237</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-40261.6999999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>-36201.849999999900</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>9290638.61999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4059.850000000006</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2070189500"/>
        </identifiers>
        <balance>-117321.35</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-75596.6799999999</valUSD>
        <pctVal>-0.0170748679</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-75596.6799999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>-117321.350000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>7544205.94</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>41724.6700000001</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 2.71 PAY CNRR  01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2069413027"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-39953.94000000972</valUSD>
        <pctVal>-0.0090243149</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS</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="-8397181.58" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.710500000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CHINA FIXING REPO RATE 7 DAYS" floatingRtSpread="1.550000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>9331555.60999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-39953.94000000972</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV 13.41 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2068399692"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>85954.56999998982</valUSD>
        <pctVal>0.0194143833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
              <counterpartyLei>CYYGQCGNHMHPSMRL3R97</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="-1460906.12" curCd="USD" fixedOrFloating="Fixed" fixedRt="13.405000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2525939.60999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>85954.56999998982</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 1.00 PAY 100.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9LXCBCU"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>180491.38</valUSD>
        <pctVal>0.0407672197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="180491.38" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>194131.940000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>41369113.14</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13640.559999999998</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9LXJL7U"/>
        </identifiers>
        <balance>-371055.96</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-354418.349999999</valUSD>
        <pctVal>-0.0800517496</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-354418.349999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>-371055.960000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>42900000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16637.610000001034</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9LX8N2U"/>
        </identifiers>
        <balance>-73630.8899999999</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-50742.98</valUSD>
        <pctVal>-0.0114612134</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-50742.98" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>-73630.889999999900</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>5063919.05999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>22887.909999999894</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2072233195"/>
        </identifiers>
        <balance>28120</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>27786.79</valUSD>
        <pctVal>0.0062761456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MORGAN STANLEY</counterpartyName>
              <counterpartyLei>IGJSJL3JD5P30I6NJZ34</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="27786.79" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>28120.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>475000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-333.2099999999991</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RCV EUR6M PAY 3.27 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061687800"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-11791.51999999024</valUSD>
        <pctVal>-0.0026633266</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.27</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BARCLAYS BANK INTL</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="EURIBOR 6 MONTH" floatingRtSpread="0.534000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="4362429.74" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.270000000000"/>
            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>4656938.83999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-11791.51999999024</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 3.65 PAY TELBO 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061765335"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-519.3999999989755</valUSD>
        <pctVal>-0.0001173158</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.158</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-427342.969999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.650000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="TELBOR 3 MO" floatingRtSpread="3.158000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            </floatingPmntDesc>
            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>1746352.06</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-519.3999999989755</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 3.43 PAY EUR6M 01/19/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061753603"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>113178.81000000006</valUSD>
        <pctVal>0.0255634669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.532</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS</counterpartyName>
              <counterpartyLei>2J5703FH5U5M97R1I237</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="-3812830.87" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.430000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="EURIBOR 6 MONTH" floatingRtSpread="0.534000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2033-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4896011.51999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>113178.81000000006</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 2.54 PAY CNRR  01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061764882"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-273777.01999999955</valUSD>
        <pctVal>-0.0618374569</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS</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="-20335891.3799999" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.544000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CHINA FIXING REPO RATE 7 DAYS" floatingRtSpread="1.550000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>22278445.82</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-273777.01999999955</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV WIBR6 PAY 6.04 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2069174153"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>14125.770000000019</valUSD>
        <pctVal>0.0031905588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0375</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <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="WIBOR PLN 6M" floatingRtSpread="7.300000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="2092427.54" curCd="USD" fixedOrFloating="Fixed" fixedRt="6.037500000000"/>
            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2694620.62</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14125.770000000019</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV WIBR6 PAY 6.12 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2068161573"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2951.0800000000745</valUSD>
        <pctVal>0.0006665544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1165</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <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="WIBOR PLN 6M" floatingRtSpread="7.300000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="1269705.96999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="6.116500000000"/>
            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>1659085.84</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2951.0800000000745</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 11.40 PAY BZACC 01/01/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2065426389"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>64012.98999999894</valUSD>
        <pctVal>0.0144584834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <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="-858067.25" curCd="USD" fixedOrFloating="Fixed" fixedRt="11.395000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
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            <terminationDt>2027-01-01</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>1504053.17999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>64012.98999999894</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 13.47 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2073200476"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>22014.77000000002</valUSD>
        <pctVal>0.0049724312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BANK OF AMERICA</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="-346380.63" curCd="USD" fixedOrFloating="Fixed" fixedRt="13.470000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>604503.9</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>22014.77000000002</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 12.93 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2067709903"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>13417.049999999988</valUSD>
        <pctVal>0.0030304817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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            <curCd>USD</curCd>
            <unrealizedAppr>13417.049999999988</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV 4.16 PAY KWCD3 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061766060"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>70426.06000000006</valUSD>
        <pctVal>0.0159069905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.7</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
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            <descRefInstrmnt>
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                <issueTitle>Interest Rate Swaps</issueTitle>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="KRW 3 MO CD RATE" floatingRtSpread="3.810000000000" pmntAmt="0.000000000000">
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            <terminationDt>2028-01-19</terminationDt>
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>2305515.29999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>70426.06000000006</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV MXIBT PAY 9.17 01/06/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2065882255"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-122552.55000000005</valUSD>
        <pctVal>-0.0276806944</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.171</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
              <counterpartyLei>CYYGQCGNHMHPSMRL3R97</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>Interest Rate Swaps</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="MXIBTIIE 28 DAY" floatingRtSpread="10.324900000000" pmntAmt="0.000000000000">
              <rtResetTenors>
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            <fixedPmntDesc amount="1765185.29" curCd="USD" fixedOrFloating="Fixed" fixedRt="9.171000000000"/>
            <terminationDt>2033-01-06</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>4444631.28</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-122552.55000000005</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV 3.96 PAY KWCD3 01/19/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2061766292"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>120816.1599999899</valUSD>
        <pctVal>0.0272884996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.7</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
              <counterpartyLei>CYYGQCGNHMHPSMRL3R97</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-1927912.56" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.960000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="KRW 3 MO CD RATE" floatingRtSpread="3.810000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
              </rtResetTenors>
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            <terminationDt>2033-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2593145.06999999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>120816.1599999899</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV MXIBT PAY 9.34 01/06/2033</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2066114929"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-89821.05999999901</valUSD>
        <pctVal>-0.0202876996</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.3418</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
              <counterpartyLei>CYYGQCGNHMHPSMRL3R97</counterpartyLei>
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            <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="MXIBTIIE 28 DAY" floatingRtSpread="10.324900000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Month" resetDtUnit="12"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="892192.17" curCd="USD" fixedOrFloating="Fixed" fixedRt="9.341800000000"/>
            <terminationDt>2033-01-06</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>2298477.66</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-89821.05999999901</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV WIBR6 PAY 5.58 01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2072974795"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>33338.44000001007</valUSD>
        <pctVal>0.0075300854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5775</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS</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="WIBOR PLN 6M" floatingRtSpread="7.300000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
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            </floatingRecDesc>
            <fixedPmntDesc amount="1047979.93" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.577500000000"/>
            <terminationDt>2028-01-19</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>33338.44000001007</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>RCV 13.29 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2073200948"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>37746.929999999</valUSD>
        <pctVal>0.0085258221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>HSBC SECURITIES INC</counterpartyName>
              <counterpartyLei>CYYGQCGNHMHPSMRL3R97</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-745453.42" curCd="USD" fixedOrFloating="Fixed" fixedRt="13.285000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
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            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
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            <curCd>USD</curCd>
            <unrealizedAppr>37746.929999999</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STANDRD CHARTERED BANK</name>
        <lei>RILFO74KP1CM8P6PCT96</lei>
        <title>RCV 2.62 PAY CNRR  01/19/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2069413045"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-20810.860000010114</valUSD>
        <pctVal>-0.0047005065</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>STANDRD CHARTERED BANK</counterpartyName>
              <counterpartyLei>RILFO74KP1CM8P6PCT96</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Interest Rate Swaps</issuerName>
                <issueTitle>Interest Rate Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-2193966.41" curCd="USD" fixedOrFloating="Fixed" fixedRt="2.620000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CHINA FIXING REPO RATE 7 DAYS" floatingRtSpread="1.550000000000" pmntAmt="0.000000000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            <terminationDt>2028-01-19</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>2426449.75</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-20810.860000010114</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9LX8XFU"/>
        </identifiers>
        <balance>7695.57</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-2217.96</valUSD>
        <pctVal>-0.0005009661</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-2217.96" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>7695.570000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>19105846.3799999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-9913.529999999999</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 12.73 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2067124855"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>9173.330000001006</valUSD>
        <pctVal>0.0020719613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</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="-685194.459999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="12.730000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="7" resetDt="Day" resetDtUnit="7"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1150756.75</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>9173.330000001006</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2066667795"/>
        </identifiers>
        <balance>38263.7399999999</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-54367.47</valUSD>
        <pctVal>-0.0122798695</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
                <issueTitle>Credit Default Swaps</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-54367.47" curCd="USD" fixedOrFloating="Fixed" fixedRt="100.000000000000"/>
            <fixedPmntDesc amount="0" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.000000000000"/>
            <terminationDt>2027-12-20</terminationDt>
            <upfrontPmnt>38263.739999999900</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
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            <notionalAmt>5287541.54</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-92631.2099999999</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 13.51 PAY BZACC 01/04/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2073200704"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>45419.75</valUSD>
        <pctVal>0.0102588663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS</counterpartyName>
              <counterpartyLei>2J5703FH5U5M97R1I237</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="-687717.599999999" curCd="USD" fixedOrFloating="Fixed" fixedRt="13.505000000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip Interbank Deposit" floatingRtSpread="0.000000000000" pmntAmt="0.000000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1203012.81</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>45419.75</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>EURO BUXL 30YR BND            </title>
        <cusip>00002UBH3</cusip>
        <identifiers>
          <ticker value="UBH3"/>
        </identifiers>
        <balance>-7</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1"/>
        <valUSD>186054.079999999</valUSD>
        <pctVal>0.0420236554</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
            </counterparties>
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO BUXL 30YR BND</issuerName>
                <issueTitle>EURO BUXL 30YR BND</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>996337.4584976402</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>186047.41</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>EURO BUXL 30YR BND            </title>
        <cusip>00002UBH3</cusip>
        <identifiers>
          <ticker value="UBH3"/>
        </identifiers>
        <balance>-30</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1"/>
        <valUSD>877640.719999998</valUSD>
        <pctVal>0.1982309187</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO BUXL 30YR BND</issuerName>
                <issueTitle>EURO BUXL 30YR BND</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>4253625.9423940801</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>877611.44</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>EURO-SCHATZ FUTURE</title>
        <cusip>00002DUH3</cusip>
        <identifiers>
          <ticker value="DUH3"/>
        </identifiers>
        <balance>91</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-128097.5999999999</valUSD>
        <pctVal>-0.0289331435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>EURO-SCHATZ FUTURE</issuerName>
                <issueTitle>EURO-SCHATZ FUTURE</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>10096425.8604900614</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-128186.1599999999</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE MONTREAL EXCHANGE / BOURSE DE MONTREAL</name>
        <lei>N/A</lei>
        <title>CANADIAN 10YR BOND FUTURES</title>
        <cusip>00002CNH3</cusip>
        <identifiers>
          <isin value="HU0008156544"/>
          <ticker value="CNH3"/>
        </identifiers>
        <balance>18</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1"/>
        <valUSD>1024.55</valUSD>
        <pctVal>0.0002314130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>CANADIAN 10YR BOND FUTURES</issuerName>
                <issueTitle>CANADIAN 10YR BOND FUTURES</issueTitle>
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                  <cusip value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>1628932.2100298998</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>991.58</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
        <lei>N/A</lei>
        <title>10-year JGB Trade Future MAR 2023</title>
        <cusip>00001JBH3</cusip>
        <identifiers>
          <ticker value="JBH3"/>
        </identifiers>
        <balance>-29</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="1"/>
        <valUSD>636384.6199999989</valUSD>
        <pctVal>0.1437388957</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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                <issuerName>JPN 10YR BOND (OSE) FUTURES</issuerName>
                <issueTitle>JPN 10YR BOND (OSE) FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>30717606.5579600003</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>636132.6799999986</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
        <lei>N/A</lei>
        <title>10-year JGB Trade Future MAR 2023</title>
        <cusip>00001JBH3</cusip>
        <identifiers>
          <ticker value="JBH3"/>
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        <balance>-5</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="1"/>
        <valUSD>35583.66</valUSD>
        <pctVal>0.0080372087</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>JPN 10YR BOND (OSE) FUTURES</issuerName>
                <issueTitle>JPN 10YR BOND (OSE) FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
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            </descRefInstrmnt>
            <expDate>2023-03-01</expDate>
            <notionalAmt>5520303.73090</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>35549.41</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>EUROBUND FUTURES</title>
        <cusip>00002RXH3</cusip>
        <identifiers>
          <ticker value="RXH3"/>
        </identifiers>
        <balance>-33</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>305443.799999999</valUSD>
        <pctVal>0.0689899679</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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        <name>Chicago Board of Trade</name>
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        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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        <name>EUREX DEUTSCHLAND</name>
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        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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      <invstOrSec>
        <name>ASX - TRADE24</name>
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        <name>Chicago Board of Trade</name>
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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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                  <cusip value="912810SC3"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Trade</name>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>US 10YR NOTE MAR23</issuerName>
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                  <cusip value="91282CFL0"/>
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        <securityLending>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-BOND 30YR</title>
        <cusip>00002USH3</cusip>
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          <ticker value="USH3"/>
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        <balance>40</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US LONG BOND MAR 23</issuerName>
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                  <cusip value="912810PX0"/>
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            <expDate>2023-03-01</expDate>
            <notionalAmt>5013750</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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        <cusip>00002USH3</cusip>
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          <ticker value="USH3"/>
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        <balance>-2</balance>
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        <curCd>USD</curCd>
        <valUSD>1966.66</valUSD>
        <pctVal>0.0004442055</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>US LONG BOND MAR 23</issuerName>
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                  <cusip value="912810PX0"/>
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        <securityLending>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE 2YR</title>
        <cusip>00002TUH3</cusip>
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          <ticker value="TUH3"/>
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        <balance>10</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US 2 TREASURY NOTE FUTURE</issuerName>
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                  <cusip value="912828YY0"/>
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            <expDate>2023-03-01</expDate>
            <notionalAmt>2050781.2599999998</notionalAmt>
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            <unrealizedAppr>1570.69</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE 2YR</title>
        <cusip>00002TUH3</cusip>
        <identifiers>
          <ticker value="TUH3"/>
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        <balance>44</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10818.54</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>US 2 TREASURY NOTE FUTURE</issuerName>
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                  <cusip value="912828YY0"/>
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            <expDate>2023-03-01</expDate>
            <notionalAmt>9023437.544</notionalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>ASX - TRADE24</name>
        <lei>N/A</lei>
        <title>ASX 10 Year Treasury Bond Futures</title>
        <cusip>00002XMH3</cusip>
        <identifiers>
          <ticker value="XMH3"/>
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        <balance>30</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1"/>
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        <pctVal>-0.2163161753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>10 YEAR COMMONWEALTH TREASURY</issuerName>
                <issueTitle>10 YEAR COMMONWEALTH TREASURY</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2023-03-01</expDate>
            <notionalAmt>1920317.901534</notionalAmt>
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            <unrealizedAppr>-957769.989999999</unrealizedAppr>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>EUROBUND FUTURES</title>
        <cusip>00002RXH3</cusip>
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          <ticker value="RXH3"/>
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        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
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            <counterparties>
              <counterpartyName>JP MORGAN SECURITIES LL</counterpartyName>
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            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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                <issuerName>EUROBUND FUTURES</issuerName>
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            <notionalAmt>15531790.223352062</notionalAmt>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE ULTRA 10Y</title>
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        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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        <name>LONG GILT</name>
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        <name>LONG GILT</name>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE 5YR</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CITIGROUP GLOBAL MARKETS</counterpartyName>
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        </derivativeInfo>
        <securityLending>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>CITIGROUP GLOBAL MARKETS</counterpartyName>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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          <other otherDesc="In-House" value="222222187"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>AUSTRALIA NEW ZEALAND BANK</counterpartyName>
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      <invstOrSec>
        <name>AUSTRALIA NEW ZEALAND BANK</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>AUSTRALIA NEW ZEALAND BANK</counterpartyName>
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        <name>BARCLAYS BANK INTL</name>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <name>BARCLAYS BANK INTL</name>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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            <amtCurSold>315000</amtCurSold>
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        <name>BNP PARIBAS</name>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS BANK INTL</name>
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        <invCountry>N/A</invCountry>
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        <name>BNP PARIBAS</name>
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        <name>BNP PARIBAS</name>
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        <name>BNP PARIBAS</name>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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          <fwdDeriv derivCat="FWD">
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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          <fwdDeriv derivCat="FWD">
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BROWN BROTHERS HARRIMAN</counterpartyName>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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        <name>BARCLAYS BANK INTL</name>
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        <name>CITIGROUP GLOBAL MARKETS</name>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>HSBC SECURITIES INC</name>
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        <name>MORGAN STANLEY</name>
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        <name>SKANDINAVISKA ENSKILDA</name>
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      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>MORGAN STANLEY</name>
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      <invstOrSec>
        <name>UBS INVESTMENT BANK</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS INVESTMENT BANK</name>
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        <name>UBS INVESTMENT BANK</name>
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        <name>UBS INVESTMENT BANK</name>
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        <name>CITIGROUP GLOBAL MARKETS</name>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP GLOBAL MARKETS</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
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        <balance>1732800</balance>
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        <valUSD>1592957.63</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <identifiers>
          <isin value="US05565AM341"/>
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        <balance>990000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>977625</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CGDB COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
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          <isin value="US125284AA75"/>
          <ticker value="CGDB"/>
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        <balance>425000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>COMM MORTGAGE TRUST</name>
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          <isin value="US12656KAA51"/>
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        <balance>1150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Intesa Sanpaolo S.p.A.</name>
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        <title>ISPIM V8.248 11/21/33 144A</title>
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        <balance>650000</balance>
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        <curCd>USD</curCd>
        <valUSD>659419.23</valUSD>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8221</title>
        <cusip>3132DWD26</cusip>
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          <isin value="US3132DWD260"/>
          <ticker value="FHLMC"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corporation</name>
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          <ticker value="FHLMC"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TRINITY RAIL LEASING 2020-2 LLC</name>
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          <isin value="US89656YAA38"/>
          <ticker value="TRL"/>
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        <balance>655003.41</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>600906.94</valUSD>
        <pctVal>0.1357256245</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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          <isin value="US902613AP31"/>
          <ticker value="UBS"/>
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        <curCd>USD</curCd>
        <valUSD>382790.32</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <ticker value="FN"/>
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        <balance>3005000</balance>
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        <curCd>USD</curCd>
        <valUSD>2584056.66</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <curCd>USD</curCd>
        <valUSD>4327487.18</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>UBS Group AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ITRAXX EUROPE SERIES 37</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Freddie Mac Seasoned Credit Risk Transfer Trust</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SCRT 2018-4 M55D</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac Seasoned Credit Risk Transfer Trust</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SCRT 2020-3 TTU</title>
        <cusip>35563PSU4</cusip>
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          <isin value="US35563PSU48"/>
          <ticker value="SCRT"/>
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        <balance>315594.85</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>290596.62</valUSD>
        <pctVal>0.0656364656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>
      <invstOrSec>
        <name>Freddie Mac Seasoned Credit Risk Transfer Trust</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SCRT 2017-4 M45T</title>
        <cusip>35563PCS6</cusip>
        <identifiers>
          <isin value="US35563PCS65"/>
          <ticker value="SCRT"/>
        </identifiers>
        <balance>158322.79</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>154295.63</valUSD>
        <pctVal>0.0348504391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>
      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCGEN V9.375 PERP 144A</title>
        <cusip>83370RAC2</cusip>
        <identifiers>
          <isin value="US83370RAC25"/>
          <ticker value="SOCGEN"/>
        </identifiers>
        <balance>350000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>359174.63</valUSD>
        <pctVal>0.0811260408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375000000000</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>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SLST 2018-2 A1</title>
        <cusip>35564CAN7</cusip>
        <identifiers>
          <isin value="US35564CAN74"/>
          <ticker value="FHLMC"/>
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        <balance>292628.43</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>279134.72</valUSD>
        <pctVal>0.0630475897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>
      <invstOrSec>
        <name>GE Healthcare Holding LLC</name>
        <lei>549300OI9J7XOWZMUN85</lei>
        <title>GEHC 6.377 11/22/52 144A</title>
        <cusip>36267VAL7</cusip>
        <identifiers>
          <isin value="US36267VAL71"/>
          <ticker value="GEHC"/>
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        <balance>180000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191180.12</valUSD>
        <pctVal>0.0431814636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.377000000000</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>Spirit Realty LP</name>
        <lei>549300GTBVIBJRX5BW73</lei>
        <title>SRC 4 07/15/29</title>
        <cusip>84861TAD0</cusip>
        <identifiers>
          <isin value="US84861TAD00"/>
          <ticker value="SRC"/>
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        <balance>335000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>290745.07</valUSD>
        <pctVal>0.0656699957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>
        <name>Spirit Realty LP</name>
        <lei>549300GTBVIBJRX5BW73</lei>
        <title>SRC 3.2 02/15/31</title>
        <cusip>84861TAG3</cusip>
        <identifiers>
          <isin value="US84861TAG31"/>
          <ticker value="SRC"/>
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        <balance>565000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>451085.16</valUSD>
        <pctVal>0.1018856847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.200000000000</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>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG V8 PERP</title>
        <cusip>780099CK1</cusip>
        <identifiers>
          <isin value="US780099CK11"/>
          <ticker value="NWG"/>
        </identifiers>
        <balance>469000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461378.75</valUSD>
        <pctVal>0.1042106769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>NatWest Group PLC</name>
              <title>NatWest Group PLC ORD GBP1.0769</title>
              <curCd>GBP</curCd>
              <identifiers>
                <cusip value="G6422B147"/>
                <isin value="GB00BM8PJY71"/>
                <ticker value="NWG"/>
                <other otherDesc="SEDOL" value="BM8PJY7"/>
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          <currencyInfos>
            <currencyInfo convRatio="301.750150870000" curCd="GBP"/>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBA Tower Trust</name>
        <lei>N/A</lei>
        <title>SBATOW 2.836 01/15/25 144A</title>
        <cusip>78403DAN0</cusip>
        <identifiers>
          <isin value="US78403DAN03"/>
          <ticker value="SBAC"/>
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        <balance>600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>565510.2</valUSD>
        <pctVal>0.1277306350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.836000000000</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 5.5 08/15/28</title>
        <cusip>912810FE3</cusip>
        <identifiers>
          <isin value="US912810FE39"/>
          <ticker value="T"/>
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        <balance>1200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1283718.74</valUSD>
        <pctVal>0.2899509326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>
      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.375 11/15/48</title>
        <cusip>912810SE9</cusip>
        <identifiers>
          <isin value="US912810SE91"/>
          <ticker value="T"/>
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        <balance>3339100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2945451.43</valUSD>
        <pctVal>0.6652831047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</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>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.875 04/13/42 REGS</title>
        <cusip>X7360WBX9</cusip>
        <identifiers>
          <isin value="XS2364200514"/>
          <ticker value="ROMANI"/>
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        <balance>2123000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1268986.7</valUSD>
        <pctVal>0.2866234368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 0.5 12/01/30</title>
        <cusip>135087L44</cusip>
        <identifiers>
          <isin value="CA135087L443"/>
          <ticker value="CANADA"/>
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        <balance>9260000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>5515656.76</valUSD>
        <pctVal>1.2458101385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</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>T 2.875 05/15/28</title>
        <cusip>9128284N7</cusip>
        <identifiers>
          <isin value="US9128284N73"/>
          <ticker value="T"/>
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        <balance>2699400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2547031.53</valUSD>
        <pctVal>0.5752928148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>
      <invstOrSec>
        <name>WEA Finance LLC / Westfield UK &amp; Europe Finance PLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>ULFP 4.75 09/17/44 144A</title>
        <cusip>92890HAD4</cusip>
        <identifiers>
          <isin value="US92890HAD44"/>
          <ticker value="ULFP"/>
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        <balance>703000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486083.5</valUSD>
        <pctVal>0.1097906884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</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>TenneT Holding B.V.</name>
        <lei>724500LTUWK3JQG63903</lei>
        <title>TENN 2.125 11/17/29 EMTN</title>
        <cusip>N85094UC7</cusip>
        <identifiers>
          <isin value="XS2478299204"/>
          <ticker value="TENN"/>
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        <balance>1185000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1135605.44</valUSD>
        <pctVal>0.2564968837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-17</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.125 05/15/25</title>
        <cusip>912828XB1</cusip>
        <identifiers>
          <isin value="US912828XB14"/>
          <ticker value="T"/>
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        <balance>2166800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2059052.49</valUSD>
        <pctVal>0.4650739847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</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>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>ULFP 2.875 01/15/27 144A</title>
        <cusip>92928QAH1</cusip>
        <identifiers>
          <isin value="US92928QAH11"/>
          <ticker value="ULFP"/>
        </identifiers>
        <balance>383000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>327812.83</valUSD>
        <pctVal>0.0740424151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>Australia (Commonwealth of)</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>ACGB 3 03/21/47 150</title>
        <cusip>Q08184MX0</cusip>
        <identifiers>
          <isin value="AU000XCLWAS7"/>
          <ticker value="ACGB"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.680851"/>
        <valUSD>270338.72</valUSD>
        <pctVal>0.0610608551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS V2.875 04/02/32</title>
        <cusip>H3698DDK7</cusip>
        <identifiers>
          <isin value="CH1174335740"/>
          <ticker value="CS"/>
        </identifiers>
        <balance>1923000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1481668.63</valUSD>
        <pctVal>0.3346614703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Denmark (Kingdom Of)</name>
        <lei>549300PTO6LS1PTM6607</lei>
        <title>DGB 4.5 11/15/39</title>
        <cusip>K5675SHC6</cusip>
        <identifiers>
          <isin value="DK0009922320"/>
          <ticker value="DENK"/>
        </identifiers>
        <balance>1550000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.143951"/>
        <valUSD>278068.06</valUSD>
        <pctVal>0.0628066654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 0.4 02/04/37 NGEU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EU000A3K4C42"/>
          <ticker value="EU"/>
        </identifiers>
        <balance>5006000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>3632395.06</valUSD>
        <pctVal>0.8204416608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.400000000000</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>Amprion GmbH</name>
        <lei>529900ZIV0ETYHYZM863</lei>
        <title>AMPRIO 0.625 09/23/33 EMTN</title>
        <cusip>D03614AR1</cusip>
        <identifiers>
          <isin value="DE000A3E5VX4"/>
          <ticker value="AMPRIO"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>375122.87</valUSD>
        <pctVal>0.0847282373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.625000000000</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>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF 2 12/09/49 EMTN</title>
        <cusip>F4065QLG3</cusip>
        <identifiers>
          <isin value="FR0013465424"/>
          <ticker value="EDF"/>
        </identifiers>
        <balance>1000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>643619.56</valUSD>
        <pctVal>0.1453730368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 0.75 05/25/52</title>
        <cusip>F43750KX9</cusip>
        <identifiers>
          <isin value="FR0013480613"/>
          <ticker value="FRTR"/>
        </identifiers>
        <balance>950000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>545616.2</valUSD>
        <pctVal>0.1232372178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.750000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.1 03/20/27 346</title>
        <cusip>J2S39KRZ1</cusip>
        <identifiers>
          <isin value="JP1103461H35"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>669400000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>5080431.7</valUSD>
        <pctVal>1.1475067422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.4 03/20/50 66</title>
        <cusip>J2S39K8T6</cusip>
        <identifiers>
          <isin value="JP1300661L47"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>29150000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>168334.36</valUSD>
        <pctVal>0.0380213384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.400000000000</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>Belgium (Kingdom Of)</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>BGB 1.9 06/22/38 76</title>
        <cusip>B1124GDP3</cusip>
        <identifiers>
          <isin value="BE0000336454"/>
          <ticker value="BELG"/>
        </identifiers>
        <balance>1025000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>907232.36</valUSD>
        <pctVal>0.2049147221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.900000000000</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>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 1.375 10/04/29 EMTN</title>
        <cusip>L3334EAY3</cusip>
        <identifiers>
          <isin value="EU000A1ZR7H3"/>
          <ticker value="EU"/>
        </identifiers>
        <balance>1200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1158607.14</valUSD>
        <pctVal>0.2616922307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.375 02/08/38 REGS</title>
        <cusip>X7360WAT9</cusip>
        <identifiers>
          <isin value="XS1768074319"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>298000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>214994.23</valUSD>
        <pctVal>0.0485603081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.5 02/08/30 REGS</title>
        <cusip>X7360WAR3</cusip>
        <identifiers>
          <isin value="XS1768067297"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>151000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>124660.86</valUSD>
        <pctVal>0.0281568941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>Abertis Infraestructuras Finance B.V.</name>
        <lei>5493007WHKI5H75YJ358</lei>
        <title>ABESM V3.248 PERP</title>
        <cusip>N0021LAD5</cusip>
        <identifiers>
          <isin value="XS2256949749"/>
          <ticker value="ABESM"/>
        </identifiers>
        <balance>1300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1174493.41</valUSD>
        <pctVal>0.2652804301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.248000000000</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>FedEx Corporation</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FDX 0.95 05/04/33</title>
        <cusip>31428XCC8</cusip>
        <identifiers>
          <isin value="XS2337253319"/>
          <ticker value="FDX"/>
        </identifiers>
        <balance>1920000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1466322.7</valUSD>
        <pctVal>0.3311953164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.950000000000</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>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>BATSLN V3 PERP 5.25</title>
        <cusip>G1510JSE3</cusip>
        <identifiers>
          <isin value="XS2391779134"/>
          <ticker value="BATSLN"/>
        </identifiers>
        <balance>350000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>290099.22</valUSD>
        <pctVal>0.0655241189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 3.5 12/01/45</title>
        <cusip>135087ZS6</cusip>
        <identifiers>
          <isin value="CA135087ZS68"/>
          <ticker value="CANADA"/>
        </identifiers>
        <balance>850000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>643576.81</valUSD>
        <pctVal>0.1453633810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>
      <invstOrSec>
        <name>National Grid North America Inc.</name>
        <lei>5Q3U0WRKWZZGRMPYFT08</lei>
        <title>NGGLN 1.054 01/20/31 EMTN</title>
        <cusip>U6300ABN7</cusip>
        <identifiers>
          <isin value="XS2434710872"/>
          <ticker value="NGGLN"/>
        </identifiers>
        <balance>1553000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1288917.34</valUSD>
        <pctVal>0.2911251297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.054000000000</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>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABNANV 3 06/01/32 EMTN</title>
        <cusip>N0R37XCH1</cusip>
        <identifiers>
          <isin value="XS2487054939"/>
          <ticker value="ABNANV"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>484450.7</valUSD>
        <pctVal>0.1094218912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>Banque Ouest Africaine de Developpement</name>
        <lei>529900LIZJABE4JJS826</lei>
        <title>BOAD 2.75 01/22/33 REGS</title>
        <cusip>V0136BAA6</cusip>
        <identifiers>
          <isin value="XS2288824969"/>
          <ticker value="BOAD"/>
        </identifiers>
        <balance>3680000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2957582.49</valUSD>
        <pctVal>0.6680231225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>Berkshire Hathaway Finance Corporation</name>
        <lei>549300RLHFT5RU20WM87</lei>
        <title>BRK 1.5 03/18/30</title>
        <cusip>084664DC2</cusip>
        <identifiers>
          <isin value="XS2456839013"/>
          <ticker value="BRK"/>
        </identifiers>
        <balance>880000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>797364.65</valUSD>
        <pctVal>0.1800991266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4625</title>
        <cusip>31418ED72</cusip>
        <identifiers>
          <isin value="US31418ED722"/>
          <ticker value="FNMA"/>
        </identifiers>
        <balance>10301796.11</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9362183.19</valUSD>
        <pctVal>2.1146172150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>T 2.875 08/15/28</title>
        <cusip>9128284V9</cusip>
        <identifiers>
          <isin value="US9128284V99"/>
          <ticker value="T"/>
        </identifiers>
        <balance>6725000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6332795.92</valUSD>
        <pctVal>1.4303756933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 0.25 03/04/26</title>
        <cusip>00206RJN3</cusip>
        <identifiers>
          <isin value="XS2051361264"/>
          <ticker value="T"/>
        </identifiers>
        <balance>370000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>354882.2</valUSD>
        <pctVal>0.0801565184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.250000000000</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>T 0.875 06/30/26</title>
        <cusip>91282CCJ8</cusip>
        <identifiers>
          <isin value="US91282CCJ80"/>
          <ticker value="T"/>
        </identifiers>
        <balance>5406800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4834861.94</valUSD>
        <pctVal>1.0920404016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.875000000000</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>Viatris Inc</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>VTRS 4 06/22/50</title>
        <cusip>92556VAF3</cusip>
        <identifiers>
          <isin value="US92556VAF31"/>
          <ticker value="VTRS"/>
        </identifiers>
        <balance>646000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398025.05</valUSD>
        <pctVal>0.0899011059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 4.777 07/19/26</title>
        <cusip>15089QAT1</cusip>
        <identifiers>
          <isin value="XS2497520705"/>
          <ticker value="CE"/>
        </identifiers>
        <balance>470000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>478538.78</valUSD>
        <pctVal>0.1080865779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.777000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>SAGB 8.5 01/31/37 2037</title>
        <cusip>S69124TY1</cusip>
        <identifiers>
          <isin value="ZAG000107012"/>
          <ticker value="SOAF"/>
        </identifiers>
        <balance>109472885</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="0.058854"/>
        <valUSD>5105996.42</valUSD>
        <pctVal>1.1532809934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore (Republic of)</name>
        <lei>549300ZSV6VOGFH1ER70</lei>
        <title>SIGB 2.625 05/01/28</title>
        <cusip>Y6132HNP4</cusip>
        <identifiers>
          <isin value="SG31B7000002"/>
          <ticker value="SIGB"/>
          <other otherDesc="Cusip" value="AS3039433"/>
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        <balance>800000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="0.746603"/>
        <valUSD>586352.1</valUSD>
        <pctVal>0.1324381525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.625000000000</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>Lanark Master Issuer plc</name>
        <lei>213800KIOPB5OYXIVY33</lei>
        <title>LAN 2020-1A 2A</title>
        <cusip>G53590CL0</cusip>
        <identifiers>
          <isin value="XS2101555030"/>
          <ticker value="LAN"/>
        </identifiers>
        <balance>270000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
        <valUSD>326491.22</valUSD>
        <pctVal>0.0737439057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>N/A</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>Orano SA</name>
        <lei>969500161UMNDC85C891</lei>
        <title>ORANOF 2.75 03/08/28 EMTN</title>
        <cusip>F6861GAB9</cusip>
        <identifiers>
          <isin value="FR0013533031"/>
          <ticker value="ORANOF"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>481082.95</valUSD>
        <pctVal>0.1086612243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brass No 10 PLC</name>
        <lei>213800UCE3NFG8SQKH09</lei>
        <title>BRASS 10A A1</title>
        <cusip>10554PAA1</cusip>
        <identifiers>
          <isin value="US10554PAA12"/>
          <ticker value="BRASS"/>
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        <balance>289992.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276576.29</valUSD>
        <pctVal>0.0624697223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.868000000000</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>Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc</name>
        <lei>P77IMDGVZE8EFBTF2M92</lei>
        <title>JBSSBZ 3.625 01/15/32 144a</title>
        <cusip>46590XAT3</cusip>
        <identifiers>
          <isin value="US46590XAT37"/>
          <ticker value="JBSSBZ"/>
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        <balance>540000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>437400</valUSD>
        <pctVal>0.0987946456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Finland (Republic Of)</name>
        <lei>743700M6Y2OQRVSBRD14</lei>
        <title>RFGB 0.5 09/15/27</title>
        <cusip>X8T03RBC6</cusip>
        <identifiers>
          <isin value="FI4000278551"/>
          <ticker value="FINL"/>
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        <balance>750000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>720216.44</valUSD>
        <pctVal>0.1626738178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Thermo Fisher Scientific (Finance I) B.V.</name>
        <lei>549300SM0PJC1F3RPL91</lei>
        <title>TMO 1.625 10/18/41</title>
        <cusip>N8578GAC8</cusip>
        <identifiers>
          <isin value="XS2366415201"/>
          <ticker value="TMO"/>
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        <balance>150000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>107630.25</valUSD>
        <pctVal>0.0243102250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 1 09/01/26</title>
        <cusip>135087L93</cusip>
        <identifiers>
          <isin value="CA135087L930"/>
          <ticker value="CANADA"/>
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        <balance>1450000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>977143.65</valUSD>
        <pctVal>0.2207054425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.000000000000</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>Slovenia (Republic of)</name>
        <lei>485100000LWQHIX4XX88</lei>
        <title>SLOREP 0 02/12/31 RS86</title>
        <cusip>X7S28MMP0</cusip>
        <identifiers>
          <isin value="SI0002104105"/>
          <ticker value="SLOVEN"/>
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        <balance>350000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.0625428606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>ULFP 2.875 01/15/27 REGS</title>
        <cusip>U94303AF8</cusip>
        <identifiers>
          <isin value="USU94303AF86"/>
          <ticker value="ULFP"/>
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        <balance>277000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237086.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Philippines (Republic Of)</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>PHILIP 0 02/03/23</title>
        <cusip>Y6972FZX1</cusip>
        <identifiers>
          <isin value="XS2104122986"/>
          <ticker value="PHILIP"/>
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        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>746240.06</valUSD>
        <pctVal>0.1685517198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H032613</cusip>
        <identifiers>
          <isin value="US21H0326130"/>
          <ticker value="GNR"/>
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        <balance>8000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7348921.76</valUSD>
        <pctVal>1.6598859636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</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>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS V9.016 11/15/33 144A</title>
        <cusip>225401BB3</cusip>
        <identifiers>
          <isin value="US225401BB38"/>
          <ticker value="CS"/>
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        <balance>830000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>849809.76</valUSD>
        <pctVal>0.1919447966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.016000000000</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>FARM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>FARM 2021-1 A</title>
        <cusip>30768WAA6</cusip>
        <identifiers>
          <isin value="US30768WAA62"/>
          <ticker value="FARM"/>
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        <balance>553749.48</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449605.15</valUSD>
        <pctVal>0.1015513979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.180000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BU5835</title>
        <cusip>3140M7PV7</cusip>
        <identifiers>
          <isin value="US3140M7PV75"/>
          <ticker value="FN"/>
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        <balance>2270375.15</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1864958.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</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>
        <name>Magallanes Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 5.391 03/15/62 144A</title>
        <cusip>55903VAS2</cusip>
        <identifiers>
          <isin value="US55903VAS25"/>
          <ticker value="WBD"/>
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        <balance>430000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>313905.91</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.391000000000</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>T 2.75 08/15/32</title>
        <cusip>91282CFF3</cusip>
        <identifiers>
          <isin value="US91282CFF32"/>
          <ticker value="T"/>
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        <balance>2240000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2039800</valUSD>
        <pctVal>0.4607254641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WSTP V4.11 07/24/34</title>
        <cusip>961214EF6</cusip>
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          <isin value="US961214EF61"/>
          <ticker value="WSTP"/>
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        <balance>792000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>679036.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.110000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Westpac Banking Corp.</name>
              <title>Westpac Banking Corp. NPV</title>
              <curCd>AUD</curCd>
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                <isin value="AU000000WBC1"/>
                <ticker value="WBC"/>
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          <currencyInfos>
            <currencyInfo convRatio="N/A" curCd="AUD"/>
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          <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>CDX.NA.IG.39</name>
        <lei>N/A</lei>
        <title>CDX OPTIONS</title>
        <cusip>AA9LXFGH1</cusip>
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        <balance>24000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509.76</valUSD>
        <pctVal>0.0001151385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Options" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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              <counterpartyName>CITIBANK N A</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>CDX OPTIONS</issuerName>
                <issueTitle>CDX OPTIONS</issueTitle>
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                  <cusip value="AA9LXFGH1"/>
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            <shareNo>24000000</shareNo>
            <exercisePrice>0.800000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-59490.24</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tower Bridge Funding 2021-2 plc</name>
        <lei>63540046RPZ8IOOPGL28</lei>
        <title>TWRBG 2021-2 A</title>
        <cusip>G8962BAA5</cusip>
        <identifiers>
          <isin value="XS2360876465"/>
          <ticker value="TWRBG"/>
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        <balance>461158.26</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
        <valUSD>547966.91</valUSD>
        <pctVal>0.1237681679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-11-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS KL3W AFLW</title>
        <cusip>3137FJF20</cusip>
        <identifiers>
          <isin value="US3137FJF209"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>406865.76</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>402969.08</valUSD>
        <pctVal>0.0910178039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.710560000000</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>INVITATION HOMES TRUST</name>
        <lei>N/A</lei>
        <title>IHSFR 2018-SFR4 A</title>
        <cusip>46187XAA3</cusip>
        <identifiers>
          <isin value="US46187XAA37"/>
          <ticker value="IHSFR"/>
        </identifiers>
        <balance>421161.84</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>418145.69</valUSD>
        <pctVal>0.0944457138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.815484100000</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>Magallanes Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 5.05 03/15/42 144A</title>
        <cusip>55903VAN3</cusip>
        <identifiers>
          <isin value="US55903VAN38"/>
          <ticker value="WBD"/>
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        <balance>347000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>265483.52</valUSD>
        <pctVal>0.0599642210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.050000000000</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>SLM Corporation</name>
        <lei>4K8SLPBF5DXXGPW03H93</lei>
        <title>SLM 4.2 10/29/25</title>
        <cusip>78442PGD2</cusip>
        <identifiers>
          <isin value="US78442PGD24"/>
          <ticker value="SLM"/>
        </identifiers>
        <balance>250000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>228739.06</valUSD>
        <pctVal>0.0516648248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</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>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>NAB V3.933 08/02/34 REGS</title>
        <cusip>G6S94TAB9</cusip>
        <identifiers>
          <isin value="USG6S94TAB96"/>
          <ticker value="NAB"/>
        </identifiers>
        <balance>487000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>409641.25</valUSD>
        <pctVal>0.0925248333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.933000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>National Australia Bank Ltd.</name>
              <title>National Australia Bank Ltd. NPV</title>
              <curCd>AUD</curCd>
              <identifiers>
                <cusip value="Q65336119"/>
                <isin value="AU000000NAB4"/>
                <ticker value="NAB"/>
                <other otherDesc="SEDOL" value="6624608"/>
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          <currencyInfos>
            <currencyInfo convRatio="N/A" curCd="AUD"/>
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          <delta>XXXX</delta>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ireland (Republic Of)</name>
        <lei>549300KXBEJAOJ9OVF93</lei>
        <title>IRISH 0.35 10/18/32</title>
        <cusip>G4R49GAZ6</cusip>
        <identifiers>
          <isin value="IE00BMD03L28"/>
          <ticker value="IRELND"/>
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        <balance>2925000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2429184.96</valUSD>
        <pctVal>0.5486750505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.350000000000</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>New Zealand (Government Of)</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>NZGB 3.5 04/14/33 0433</title>
        <cusip>Q54627BK1</cusip>
        <identifiers>
          <isin value="NZGOVDT433C9"/>
          <ticker value="NZTB"/>
        </identifiers>
        <balance>3479000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="0.6349"/>
        <valUSD>2031472.71</valUSD>
        <pctVal>0.4588445961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corporation</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 3.65 03/25/41</title>
        <cusip>68389XBZ7</cusip>
        <identifiers>
          <isin value="US68389XBZ78"/>
          <ticker value="ORCL"/>
        </identifiers>
        <balance>1074000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>792819.66</valUSD>
        <pctVal>0.1790725590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</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>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>WFCM 2021-SAVE A</title>
        <cusip>95003LAA8</cusip>
        <identifiers>
          <isin value="US95003LAA89"/>
          <ticker value="WFCM"/>
        </identifiers>
        <balance>590864.19</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>552075.08</valUSD>
        <pctVal>0.1246960719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.026000000000</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 Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 1.25 07/31/51</title>
        <cusip>G4527HUU3</cusip>
        <identifiers>
          <isin value="GB00BLH38158"/>
          <ticker value="UKIN"/>
        </identifiers>
        <balance>4880000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
        <valUSD>3186430.68</valUSD>
        <pctVal>0.7197125963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China (People's Republic Of)</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CGB 3.81 09/14/50 INBK</title>
        <cusip>Y6S39BYR5</cusip>
        <identifiers>
          <isin value="CND10003N750"/>
          <ticker value="CGB"/>
        </identifiers>
        <balance>40050000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="0.14385"/>
        <valUSD>6324854.64</valUSD>
        <pctVal>1.4285820126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.810000000000</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>Spain (Kingdom of)</name>
        <lei>9598007A56S18711AH60</lei>
        <title>SPGB 0.7 04/30/32</title>
        <cusip>E8922AMC1</cusip>
        <identifiers>
          <isin value="ES0000012K20"/>
          <ticker value="SPAIN"/>
        </identifiers>
        <balance>7055000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="2.140892"/>
        <valUSD>5882184.94</valUSD>
        <pctVal>1.3285971107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000</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>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP 2.1 04/07/32 EMTN</title>
        <cusip>F105CUKR1</cusip>
        <identifiers>
          <isin value="FR0014009LQ8"/>
          <ticker value="BNP"/>
        </identifiers>
        <balance>600000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>530784.1</valUSD>
        <pctVal>0.1198871217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.100000000000</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>General Electric Company</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE 4.125 09/19/35 EMTN</title>
        <cusip>U369638J5</cusip>
        <identifiers>
          <isin value="XS0229567440"/>
          <ticker value="GE"/>
        </identifiers>
        <balance>457000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>481847.13</valUSD>
        <pctVal>0.1088338281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.124 07/16/31 REGS</title>
        <cusip>X7360WBB7</cusip>
        <identifiers>
          <isin value="XS2027596530"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>584000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>429088.93</valUSD>
        <pctVal>0.0969174411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.124000000000</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>Simon International Finance SCA</name>
        <lei>549300KMCOJGU910PF77</lei>
        <title>SPG 1.125 03/19/33</title>
        <cusip>L84465CJ7</cusip>
        <identifiers>
          <isin value="XS2310797696"/>
          <ticker value="SPG"/>
        </identifiers>
        <balance>1773000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1367972.78</valUSD>
        <pctVal>0.3089812207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.125000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 1.75 07/13/30 REGS</title>
        <cusip>X7360WBZ4</cusip>
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          <isin value="XS2364199757"/>
          <ticker value="ROMANI"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nasdaq Inc</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>NDAQ 0.9 07/30/33</title>
        <cusip>63111XAF8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ibercaja Banco S.A.</name>
        <lei>549300OLBL49CW8CT155</lei>
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          <isin value="ES0244251015"/>
          <ticker value="CAZAR"/>
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        <balance>800000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Digital Euro Finco LLC</name>
        <lei>635400OUEAPTXSW3SC91</lei>
        <title>DLR 2.625 04/15/24</title>
        <cusip>U2538NAG8</cusip>
        <identifiers>
          <isin value="XS1395180802"/>
          <ticker value="DLR"/>
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        <balance>325000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.7 12/20/48 61</title>
        <cusip>J2S39KS98</cusip>
        <identifiers>
          <isin value="JP1300611K15"/>
          <ticker value="JGB"/>
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        <balance>752750000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>4744435.63</valUSD>
        <pctVal>1.0716159954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.700000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 2.45 03/15/35</title>
        <cusip>00206RCJ9</cusip>
        <identifiers>
          <isin value="XS1196380031"/>
          <ticker value="T"/>
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        <balance>157000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.0307420071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.450000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NWIDE V5.75 PERP</title>
        <cusip>G6S17GNU5</cusip>
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          <isin value="XS2113658202"/>
          <ticker value="NWIDE"/>
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        <balance>427000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F030611</cusip>
        <identifiers>
          <isin value="US01F0306112"/>
          <ticker value="FNMA"/>
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        <balance>10500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9212377.23</valUSD>
        <pctVal>2.0807808485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 3.85 04/01/61</title>
        <cusip>161175BY9</cusip>
        <identifiers>
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          <ticker value="CHTR"/>
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        <balance>924000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>534404.97</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.850000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>MSCR 2021-MN1 M1</title>
        <cusip>35563FAA9</cusip>
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          <isin value="US35563FAA93"/>
          <ticker value="FHLMC"/>
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        <balance>160065.13</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149795.27</valUSD>
        <pctVal>0.0338339520</pctVal>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V3.845 06/14/25</title>
        <cusip>46647PDE3</cusip>
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          <ticker value="JPM"/>
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        <balance>2610000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2551852.1</valUSD>
        <pctVal>0.5763816272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.845000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lundin Energy Finance B.V.</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>AKERBP 3.1 07/15/31 144A</title>
        <cusip>55037AAB4</cusip>
        <identifiers>
          <isin value="US55037AAB44"/>
          <ticker value="AKERBP"/>
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        <balance>1129000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>925919.26</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.100000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Magallanes Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>WBD 5.141 03/15/52 144A</title>
        <cusip>55903VAQ6</cusip>
        <identifiers>
          <isin value="US55903VAQ68"/>
          <ticker value="WBD"/>
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        <balance>475000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345309.05</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.141000000000</annualizedRt>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CRVNA 2021-N2 C</title>
        <cusip>14686KAD9</cusip>
        <identifiers>
          <isin value="US14686KAD90"/>
          <ticker value="CRVNA"/>
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        <balance>289843.58</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.070000000000</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>Nissan Motor Co Ltd</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NSANY 4.81 09/17/30 144A</title>
        <cusip>654744AD3</cusip>
        <identifiers>
          <isin value="US654744AD34"/>
          <ticker value="NSANY"/>
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        <balance>1062000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>901289.39</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.810000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBA Tower Trust</name>
        <lei>N/A</lei>
        <title>SBATOW 1.884 01/15/26 144A</title>
        <cusip>78403DAP5</cusip>
        <identifiers>
          <isin value="US78403DAP50"/>
          <ticker value="SBAC"/>
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        <balance>840000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>738761.77</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.884000000000</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>SLST 2019-2 A1C</title>
        <cusip>35564CCZ8</cusip>
        <identifiers>
          <isin value="US35564CCZ86"/>
          <ticker value="FHLMC"/>
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        <balance>330988.23</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>304393.72</valUSD>
        <pctVal>0.0687527885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co.</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SO V1.875 09/15/81</title>
        <cusip>U84258AF6</cusip>
        <identifiers>
          <isin value="XS2387675395"/>
          <ticker value="SO"/>
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        <balance>510000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>424589.64</valUSD>
        <pctVal>0.0959011957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</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>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.5 09/30/24</title>
        <cusip>912828YH7</cusip>
        <identifiers>
          <isin value="US912828YH74"/>
          <ticker value="T"/>
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        <balance>2000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1899140.62</valUSD>
        <pctVal>0.4289550169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.375 02/15/23</title>
        <cusip>912828Z86</cusip>
        <identifiers>
          <isin value="US912828Z864"/>
          <ticker value="T"/>
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        <balance>2300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2292128.5</valUSD>
        <pctVal>0.5177183875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2303148.440000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Kreditanstalt Fur Wiederaufbau</name>
        <lei>549300GDPG70E3MBBU98</lei>
        <title>KFW 0.375 04/23/30 EMTN</title>
        <cusip>D4S46MCX1</cusip>
        <identifiers>
          <isin value="DE000A11QTF7"/>
          <ticker value="KFW"/>
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        <balance>1070000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>947320.93</valUSD>
        <pctVal>0.2139694456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-23</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V6 PERP EMTN</title>
        <cusip>F3R92TAK0</cusip>
        <identifiers>
          <isin value="FR0011401728"/>
          <ticker value="EDF"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
        <valUSD>431829.39</valUSD>
        <pctVal>0.0975364232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 3.7 01/30/27 144A</title>
        <cusip>92840VAG7</cusip>
        <identifiers>
          <isin value="US92840VAG77"/>
          <ticker value="VST"/>
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        <balance>1051000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>958324.59</valUSD>
        <pctVal>0.2164548198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</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>B.A.T. International Finance PLC</name>
        <lei>21380041YBGOQDFAC823</lei>
        <title>BATSLN 2.25 01/16/30 EMTN</title>
        <cusip>G08820HW8</cusip>
        <identifiers>
          <isin value="XS1664644983"/>
          <ticker value="BATSLN"/>
        </identifiers>
        <balance>825000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>716707.88</valUSD>
        <pctVal>0.1618813465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</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>Anheuser-Busch InBev N.V./S.A.</name>
        <lei>5493008H3828EMEXB082</lei>
        <title>ABIBB 3.7 04/02/40 EMTN</title>
        <cusip>B639CJQP6</cusip>
        <identifiers>
          <isin value="BE6320936287"/>
          <ticker value="ABIBB"/>
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        <balance>803000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>792117.87</valUSD>
        <pctVal>0.1789140471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</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>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 2 12/01/51</title>
        <cusip>135087H72</cusip>
        <identifiers>
          <isin value="CA135087H722"/>
          <ticker value="CANADA"/>
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        <balance>1100000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>617172.3</valUSD>
        <pctVal>0.1393994482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 0.95 03/01/37 16Y</title>
        <cusip>T6052BYU6</cusip>
        <identifiers>
          <isin value="IT0005433195"/>
          <ticker value="ITALY"/>
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        <balance>1002000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>669283.53</valUSD>
        <pctVal>0.1511697053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.950000000000</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>Paragon Mortgages (No.25) Plc</name>
        <lei>21380052TU89YPMW5366</lei>
        <title>PARGN 25 B</title>
        <cusip>G69027AB9</cusip>
        <identifiers>
          <isin value="XS1785821437"/>
          <ticker value="PARGN"/>
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        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.208956"/>
        <valUSD>240628.66</valUSD>
        <pctVal>0.0543503045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.023630000000</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>Switzerland (Government Of)</name>
        <lei>5067006OA1BJ88912Q83</lei>
        <title>SWISS 0.5 06/27/32</title>
        <cusip>H210694S7</cusip>
        <identifiers>
          <isin value="CH0344958688"/>
          <ticker value="SWISS"/>
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        <balance>925000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.08149"/>
        <valUSD>906110.85</valUSD>
        <pctVal>0.2046614089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-27</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>
      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 2.5 08/15/46</title>
        <cusip>D20658Z90</cusip>
        <identifiers>
          <isin value="DE0001102341"/>
          <ticker value="BKO"/>
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        <balance>531000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>571935.53</valUSD>
        <pctVal>0.1291819112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 4.625 04/03/49 REGS</title>
        <cusip>X7360WBA9</cusip>
        <identifiers>
          <isin value="XS1968706876"/>
          <ticker value="ROMANI"/>
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        <balance>623000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>481112.5</valUSD>
        <pctVal>0.1086678987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>Astm S.P.A.</name>
        <lei>8156003F2286CFA55E20</lei>
        <title>ATIM 1.5 01/25/30 EMTN</title>
        <cusip>T0510NAC5</cusip>
        <identifiers>
          <isin value="XS2412267515"/>
          <ticker value="ATIM"/>
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        <balance>800000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>660590.24</valUSD>
        <pctVal>0.1492061697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V5.375 PERP EMTn</title>
        <cusip>F3R92TAM6</cusip>
        <identifiers>
          <isin value="FR0011401751"/>
          <ticker value="EDF"/>
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        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>507792.85</valUSD>
        <pctVal>0.1146941350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suez SA</name>
        <lei>5493007LKZ37MXEN5D79</lei>
        <title>SUEZFP 2.875 05/24/34 EMTN</title>
        <cusip>F9155XNG6</cusip>
        <identifiers>
          <isin value="FR001400AFO9"/>
          <ticker value="SUEZFP"/>
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        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>90176.52</valUSD>
        <pctVal>0.0203679866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2072-03-01</maturityDt>
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          <annualizedRt>2.150000000000</annualizedRt>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.4 03/20/36 156</title>
        <cusip>J2S39KMW3</cusip>
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          <isin value="JP1201561G37"/>
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        <balance>793450000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.400000000000</annualizedRt>
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      <invstOrSec>
        <name>Malaysia (Government Of)</name>
        <lei>254900GSIL471JOBYY43</lei>
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          <isin value="MYBMX1100044"/>
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        <balance>3490000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-30</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Portugal (Republic Of)</name>
        <lei>549300P6U1FJ3IMP7K42</lei>
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          <isin value="PTOTEYOE0031"/>
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        <balance>500000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.650000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 3.39 06/17/37</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623A3H605"/>
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        <balance>16750000</balance>
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        <currencyConditional curCd="THB" exchangeRt="0.028873"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.390000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.55 12/17/32</title>
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          <isin value="XS0866310088"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.550000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 1.6 05/19/28</title>
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          <isin value="XS2180007549"/>
          <ticker value="T"/>
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        <balance>1650000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.600000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>ISPIM V5.875 PERP EMTN</title>
        <cusip>T5R13HX27</cusip>
        <identifiers>
          <isin value="XS2223761813"/>
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        <balance>1234000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MPT Operating Partnership, L.P.</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
        <title>MPW 0.993 10/15/26</title>
        <cusip>U6203BAC8</cusip>
        <identifiers>
          <isin value="XS2390849318"/>
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        <balance>475000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.0870825561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.993000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Astm S.P.A.</name>
        <lei>8156003F2286CFA55E20</lei>
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        <cusip>T0510NAB7</cusip>
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          <isin value="XS2412267788"/>
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        <balance>600000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Auto Securitization Trust II</name>
        <lei>549300OMOD4L2OWKWN21</lei>
        <title>FASTR 2022-AA A3</title>
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          <isin value="CA345214AE07"/>
          <ticker value="FASTR"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.399000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oracle Corporation</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.15 11/09/29</title>
        <cusip>68389XCH6</cusip>
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          <isin value="US68389XCH61"/>
          <ticker value="ORCL"/>
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        <balance>520000</balance>
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        <curCd>USD</curCd>
        <valUSD>539742.28</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.150000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OSCAR US Funding X LLC</name>
        <lei>353800SUUA8QI9Y7NC83</lei>
        <title>OSCAR 2019-1A A4</title>
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          <isin value="US68784YAF16"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.25 11/15/27</title>
        <cusip>9128283F5</cusip>
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          <isin value="US9128283F58"/>
          <ticker value="T"/>
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        <balance>2900000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3 06/30/24</title>
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          <ticker value="T"/>
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        <balance>4650000</balance>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 37</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
        <cusip>AA9LXHLQ1</cusip>
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        <valUSD>-172.7</valUSD>
        <pctVal>-0.0000390074</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Options" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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              <counterpartyName>CITIBANK N A</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>51139.03</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 0 02/15/32</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0001102580"/>
          <ticker value="BKO"/>
        </identifiers>
        <balance>1500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1284271.93</valUSD>
        <pctVal>0.2900758805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vonovia Finance B.V.</name>
        <lei>5299009XLZLD9TALOZ03</lei>
        <title>ANNGR 0.5 09/14/29 EMTN</title>
        <cusip>N9391TBS7</cusip>
        <identifiers>
          <isin value="DE000A2R7JD3"/>
          <ticker value="ANNGR"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>78446.57</valUSD>
        <pctVal>0.0177185667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-14</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>
      <invstOrSec>
        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS V9.75 PERP REGS</title>
        <cusip>H3698DDQ4</cusip>
        <identifiers>
          <isin value="USH3698DDQ46"/>
          <ticker value="CS"/>
        </identifiers>
        <balance>700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>609747.16</valUSD>
        <pctVal>0.1377223469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.750000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.1 12/20/27 349</title>
        <cusip>J2S39KUX2</cusip>
        <identifiers>
          <isin value="JP1103491HC4"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>600000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>4535568.33</valUSD>
        <pctVal>1.0244395645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</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>Braskem Idesa SAPI</name>
        <lei>YH0V7ZHY352ITDGEYB83</lei>
        <title>BAKIDE 6.99 02/20/32 144A</title>
        <cusip>10554NAB4</cusip>
        <identifiers>
          <isin value="US10554NAB47"/>
          <ticker value="BAKIDE"/>
        </identifiers>
        <balance>225000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160609.15</valUSD>
        <pctVal>0.0362764610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.990000000000</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>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 4.8 03/01/50</title>
        <cusip>161175BT0</cusip>
        <identifiers>
          <isin value="US161175BT05"/>
          <ticker value="CHTR"/>
        </identifiers>
        <balance>683000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495823.21</valUSD>
        <pctVal>0.1119905768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000</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>Deutsche Bank AG New York Branch</name>
        <lei>N/A</lei>
        <title>DB V3.547 09/18/31</title>
        <cusip>251526CD9</cusip>
        <identifiers>
          <isin value="US251526CD98"/>
          <ticker value="DB"/>
        </identifiers>
        <balance>1700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1362870.2</valUSD>
        <pctVal>0.3078287113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.547000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.2 06/20/32 367</title>
        <cusip>J2S39LVM3</cusip>
        <identifiers>
          <isin value="JP1103671N74"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>202000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>1506426.81</valUSD>
        <pctVal>0.3402535499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Republic of Korea</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>KTB 1.875 03/10/51 5103</title>
        <cusip>Y7277FM49</cusip>
        <identifiers>
          <isin value="KR103502GB33"/>
          <ticker value="KOREA"/>
        </identifiers>
        <balance>1676920000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="0.000791"/>
        <valUSD>909100.21</valUSD>
        <pctVal>0.2053366095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</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>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 4.9 08/05/52</title>
        <cusip>458140CB4</cusip>
        <identifiers>
          <isin value="US458140CB48"/>
          <ticker value="INTC"/>
        </identifiers>
        <balance>520000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>460020.9</valUSD>
        <pctVal>0.1039039821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000</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>T 1.75 07/31/24</title>
        <cusip>912828Y87</cusip>
        <identifiers>
          <isin value="US912828Y875"/>
          <ticker value="T"/>
        </identifiers>
        <balance>6000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5739140.64</valUSD>
        <pctVal>1.2962879865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</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>T 1.875 02/15/32</title>
        <cusip>91282CDY4</cusip>
        <identifiers>
          <isin value="US91282CDY49"/>
          <ticker value="T"/>
        </identifiers>
        <balance>5240300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4445452.92</valUSD>
        <pctVal>1.0040853808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</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>CDX.NA.IG.39</name>
        <lei>N/A</lei>
        <title>CDX OPTIONS</title>
        <cusip>AA9LXFGJ1</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9LXFGJ1"/>
        </identifiers>
        <balance>-48000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-341.76</valUSD>
        <pctVal>-0.0000771926</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Options" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CITIBANK N A</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX OPTIONS</issuerName>
                <issueTitle>CDX OPTIONS</issueTitle>
                <identifiers>
                  <cusip value="AA9LXFGJ1"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-48000000</shareNo>
            <exercisePrice>0.900000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>52458.24</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Africa Finance Corporation</name>
        <lei>213800LXFHRRXIJRXW97</lei>
        <title>AFRFIN 4.375 04/17/26 REGS</title>
        <cusip>V0055BAJ4</cusip>
        <identifiers>
          <isin value="XS1983289791"/>
          <ticker value="AFRFIN"/>
        </identifiers>
        <balance>739000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>692147.4</valUSD>
        <pctVal>0.1563339210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</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>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>INTNED V1.75 02/16/31</title>
        <cusip>N4578ELD8</cusip>
        <identifiers>
          <isin value="XS2443920751"/>
          <ticker value="INTNED"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>445525</valUSD>
        <pctVal>0.1006298227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</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>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RBIAV 0.05 09/01/27 EMTN</title>
        <cusip>A6S36JAX0</cusip>
        <identifiers>
          <isin value="XS2381599898"/>
          <ticker value="RBIAV"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>85570.78</valUSD>
        <pctVal>0.0193276975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.050000000000</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>
        <name>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>ANNGR 0.75 09/01/32 EMTN</title>
        <cusip>D9581TAL4</cusip>
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          <isin value="DE000A3MP4V7"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.750000000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPM V1.963 03/23/30 EMTN</title>
        <cusip>U48066VG3</cusip>
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          <isin value="XS2461234622"/>
          <ticker value="JPM"/>
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        <balance>590000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.963000000000</annualizedRt>
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      <invstOrSec>
        <name>TenneT Holding B.V.</name>
        <lei>724500LTUWK3JQG63903</lei>
        <title>TENN 2.375 05/17/33 eMTN</title>
        <cusip>N85094UD5</cusip>
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          <isin value="XS2478299386"/>
          <ticker value="TENN"/>
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        <balance>444000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-17</maturityDt>
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      <invstOrSec>
        <name>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UCGIM V7.5 PERP</title>
        <cusip>T9T20LD88</cusip>
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          <isin value="XS1963834251"/>
          <ticker value="UCGIM"/>
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        <balance>1482000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
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      <invstOrSec>
        <name>EDP Finance B.V.</name>
        <lei>5299007L43AQDFOW5739</lei>
        <title>EDPPL 1.875 09/21/29 EMTN</title>
        <cusip>N2R631KZ5</cusip>
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          <isin value="XS2459544339"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>EART 2021-2A C</title>
        <cusip>30165XAE5</cusip>
        <identifiers>
          <isin value="US30165XAE58"/>
          <ticker value="EART"/>
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        <balance>800000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.980000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-NQM1</name>
        <lei>N/A</lei>
        <title>NRZT 2022-NQM1 A1</title>
        <cusip>64830JAA8</cusip>
        <identifiers>
          <isin value="US64830JAA88"/>
          <ticker value="NRZT"/>
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        <balance>577998.38</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUREWEST FUNDING LLC</name>
        <lei>549300CU0IQI7FATI376</lei>
        <title>PUREW 2021-1 A1</title>
        <cusip>746245AA7</cusip>
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          <isin value="US746245AA76"/>
          <ticker value="PUREW"/>
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        <balance>336344.17</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tricon American Homes Trust</name>
        <lei>N/A</lei>
        <title>TAH 2017-SFR2 A</title>
        <cusip>89613FAA6</cusip>
        <identifiers>
          <isin value="US89613FAA66"/>
          <ticker value="TAH"/>
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        <balance>1337551.77</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.125 11/15/32</title>
        <cusip>91282CFV8</cusip>
        <identifiers>
          <isin value="US91282CFV81"/>
          <ticker value="T"/>
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        <balance>800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>816375</valUSD>
        <pctVal>0.1843929556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 37</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
        <cusip>AA9LXHLP1</cusip>
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          <other otherDesc="Cusip" value="AA9LXHLP1"/>
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        <balance>-22100000</balance>
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        <curCd>USD</curCd>
        <valUSD>-867.74</valUSD>
        <pctVal>-0.0001959947</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Options" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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              <counterpartyName>CITIBANK N A</counterpartyName>
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            <shareNo>-22100000</shareNo>
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      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>BKO 0.4 09/13/24</title>
        <cusip>N/A</cusip>
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          <isin value="DE0001104891"/>
          <ticker value="BKO"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 2.6 05/19/38</title>
        <cusip>00206RJW3</cusip>
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          <isin value="XS2180009081"/>
          <ticker value="T"/>
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        <balance>1100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1089</title>
        <cusip>3132DNF65</cusip>
        <identifiers>
          <isin value="US3132DNF652"/>
          <ticker value="FHLMC"/>
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        <balance>4093212.91</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3354171</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1189</title>
        <cusip>3132DNKA0</cusip>
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          <ticker value="FHLMC"/>
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        <balance>2822552.23</balance>
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        <curCd>USD</curCd>
        <valUSD>2783518.39</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNGT 2017-T1 A</title>
        <cusip>3136AV6R5</cusip>
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          <isin value="US3136AV6R53"/>
          <ticker value="FNMA"/>
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        <balance>546669.08</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509881.09</valUSD>
        <pctVal>0.1151658015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.898000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SLST 2019-3 A2C</title>
        <cusip>35564CEJ2</cusip>
        <identifiers>
          <isin value="US35564CEJ27"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>433327.75</valUSD>
        <pctVal>0.0978748548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V2.625 PERP</title>
        <cusip>F3R505JF4</cusip>
        <identifiers>
          <isin value="FR0014003S56"/>
          <ticker value="EDF"/>
        </identifiers>
        <balance>1200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>996884.16</valUSD>
        <pctVal>0.2251641912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.625000000000</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>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>CMZB V6.125 PERP</title>
        <cusip>D1706B7V2</cusip>
        <identifiers>
          <isin value="XS2189784288"/>
          <ticker value="CMZB"/>
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        <balance>1200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1191509.22</valUSD>
        <pctVal>0.2691237564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125000000000</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>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX 2.125 10/25/51</title>
        <cusip>P6625ABB7</cusip>
        <identifiers>
          <isin value="XS2289588167"/>
          <ticker value="MEX"/>
        </identifiers>
        <balance>1957000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1136463.14</valUSD>
        <pctVal>0.2566906106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</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>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HON 4.125 11/02/34</title>
        <cusip>438516CG9</cusip>
        <identifiers>
          <isin value="XS2551903425"/>
          <ticker value="HON"/>
        </identifiers>
        <balance>1440000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1521588.54</valUSD>
        <pctVal>0.3436780990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 0.9 03/25/24</title>
        <cusip>00206RMJ8</cusip>
        <identifiers>
          <isin value="US00206RMJ85"/>
          <ticker value="T"/>
        </identifiers>
        <balance>5446000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5171627.74</valUSD>
        <pctVal>1.1681050057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.900000000000</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>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>AVOL 4.25 04/15/26 144A</title>
        <cusip>05401AAL5</cusip>
        <identifiers>
          <isin value="US05401AAL52"/>
          <ticker value="AVOL"/>
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        <balance>2599000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2356126.72</valUSD>
        <pctVal>0.5321735349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNH Capital Canada Receivables Trust</name>
        <lei>N/A</lei>
        <title>CNHC 2021-1A A2</title>
        <cusip>12614ADF4</cusip>
        <identifiers>
          <isin value="CA12614ADF45"/>
          <ticker value="CNHC"/>
        </identifiers>
        <balance>899469.08</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>634194.13</valUSD>
        <pctVal>0.1432441342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.001000000000</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V4.91 05/24/33</title>
        <cusip>172967NU1</cusip>
        <identifiers>
          <isin value="US172967NU15"/>
          <ticker value="C"/>
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        <balance>500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>468216.5</valUSD>
        <pctVal>0.1057551055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.910000000000</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>SLST 2019-1 A2</title>
        <cusip>35564CBC0</cusip>
        <identifiers>
          <isin value="US35564CBC01"/>
          <ticker value="FHLMC"/>
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        <balance>400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>366883.6</valUSD>
        <pctVal>0.0828672502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GE Healthcare Holding LLC</name>
        <lei>549300OI9J7XOWZMUN85</lei>
        <title>GEHC 5.905 11/22/32 144A</title>
        <cusip>36267VAJ2</cusip>
        <identifiers>
          <isin value="US36267VAJ26"/>
          <ticker value="GEHC"/>
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        <balance>520000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>538823.09</valUSD>
        <pctVal>0.1217028720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.905000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="542387.590000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Textainer Marine Containers Ltd</name>
        <lei>549300X48KLHDDGPK024</lei>
        <title>TMCL 2021-1A A</title>
        <cusip>88315LAL2</cusip>
        <identifiers>
          <isin value="US88315LAL27"/>
          <ticker value="TMCL"/>
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        <balance>917333.33</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>770496.06</valUSD>
        <pctVal>0.1740303730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.680000000000</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>Netherlands (Kingdom Of)</name>
        <lei>254900G14ALGVKORFN62</lei>
        <title>NETHER 0.75 07/15/27</title>
        <cusip>N2R466GA6</cusip>
        <identifiers>
          <isin value="NL0012171458"/>
          <ticker value="NETHER"/>
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        <balance>1810000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1781948.77</valUSD>
        <pctVal>0.4024851329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</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>Secretaria Tesouro Nacional</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>BNTNF 10 01/01/33 NTNF</title>
        <cusip>P8T60NKJ9</cusip>
        <identifiers>
          <isin value="BRSTNCNTF212"/>
          <ticker value="BLTN"/>
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        <balance>4700</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="0.189403"/>
        <valUSD>761062.17</valUSD>
        <pctVal>0.1718995595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</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>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS V0.65 01/14/28 EMTN</title>
        <cusip>H3698DCT9</cusip>
        <identifiers>
          <isin value="CH0517825276"/>
          <ticker value="CS"/>
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        <balance>660000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>526826.81</valUSD>
        <pctVal>0.1189932967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.650000000000</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>Amprion GmbH</name>
        <lei>529900ZIV0ETYHYZM863</lei>
        <title>AMPRIO 3.45 09/22/27</title>
        <cusip>D03614BH2</cusip>
        <identifiers>
          <isin value="DE000A30VPL3"/>
          <ticker value="AMPRIO"/>
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        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>734997.38</valUSD>
        <pctVal>0.1660123586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.450000000000</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>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>ANNGR 0.625 12/14/29 EMTN</title>
        <cusip>D9581TAG5</cusip>
        <identifiers>
          <isin value="DE000A3E5MH6"/>
          <ticker value="ANNGR"/>
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        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>78590.2</valUSD>
        <pctVal>0.0177510081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 4.75 12/07/30</title>
        <cusip>G4527HNZ0</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 3.25 07/25/25 0725</title>
        <cusip>X8T024MN2</cusip>
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          <isin value="PL0000108197"/>
          <ticker value="POLAND"/>
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        <balance>2312000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Wintershall Dea Finance B.V.</name>
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        <title>WNTRDE 1.823 09/25/31</title>
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          <isin value="XS2055079904"/>
          <ticker value="WNTRDE"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.823000000000</annualizedRt>
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        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>SAGB 8.875 02/28/35 2035</title>
        <cusip>S69124WF8</cusip>
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          <isin value="ZAG000125972"/>
          <ticker value="SOAF"/>
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        <balance>39966000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.875000000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA5540</title>
        <cusip>3133KMEM3</cusip>
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          <isin value="US3133KMEM38"/>
          <ticker value="FHLMC"/>
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        <balance>936455.41</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS KC02 A2</title>
        <cusip>3137FHQ22</cusip>
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          <isin value="US3137FHQ226"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.370000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4785</title>
        <cusip>31418EJ76</cusip>
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          <isin value="US31418EJ760"/>
          <ticker value="FNMA"/>
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        <balance>491098.72</balance>
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        <curCd>USD</curCd>
        <valUSD>484307.18</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 4.75 01/15/43</title>
        <cusip>345370CQ1</cusip>
        <identifiers>
          <isin value="US345370CQ17"/>
          <ticker value="F"/>
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        <balance>436000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312957.7</valUSD>
        <pctVal>0.0706871172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MBARC Credit Canada</name>
        <lei>549300T0LAPKEKVWBV33</lei>
        <title>SALC 2021-AA A3</title>
        <cusip>552755BS8</cusip>
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          <isin value="CA552755BS89"/>
          <ticker value="SALC"/>
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        <balance>1000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
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        <pctVal>0.1611624608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.932000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 0.5 03/31/25</title>
        <cusip>912828ZF0</cusip>
        <identifiers>
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          <ticker value="T"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4592187.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 4.3 07/15/29 144A</title>
        <cusip>92840VAE2</cusip>
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          <isin value="US92840VAE20"/>
          <ticker value="VST"/>
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        <balance>834000</balance>
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        <curCd>USD</curCd>
        <valUSD>751304.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.300000000000</annualizedRt>
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      <invstOrSec>
        <name>E-Carat 11 Plc</name>
        <lei>213800P8XQG7CEH4YG57</lei>
        <title>ECARA 11 A</title>
        <cusip>G2918ZAA0</cusip>
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          <isin value="XS2106055176"/>
          <ticker value="ECARA"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Thermo Fisher Scientific (Finance I) B.V.</name>
        <lei>549300SM0PJC1F3RPL91</lei>
        <title>TMO 2 10/18/51</title>
        <cusip>N8578GAB0</cusip>
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          <isin value="XS2366415540"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 1 01/31/32</title>
        <cusip>G4527HWK3</cusip>
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          <isin value="GB00BM8Z2T38"/>
          <ticker value="UKIN"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 3.5 01/22/45</title>
        <cusip>G4527HDA6</cusip>
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          <isin value="GB00BN65R313"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 1.25 07/22/27</title>
        <cusip>G4527HHD6</cusip>
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          <isin value="GB00BDRHNP05"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Chc Commercial Mortgage Trust 2019-Chc</name>
        <lei>N/A</lei>
        <title>CHC 2019-CHC B</title>
        <cusip>162665AG8</cusip>
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          <isin value="US162665AG89"/>
          <ticker value="CHC"/>
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        <balance>297751.64</balance>
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        <curCd>USD</curCd>
        <valUSD>283283.98</valUSD>
        <pctVal>0.0639847746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.45 09/01/33 15Y</title>
        <cusip>T6247A8F6</cusip>
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          <isin value="IT0005240350"/>
          <ticker value="ITALY"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.450000000000</annualizedRt>
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      <invstOrSec>
        <name>Sweden (Kingdom Of)</name>
        <lei>ERE94C0BSULG2RM19605</lei>
        <title>SGB 2.25 06/01/32 1056</title>
        <cusip>W7S73NAE1</cusip>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 6.1 08/19/32</title>
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          <isin value="US345370DB39"/>
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        <balance>864000</balance>
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        <curCd>USD</curCd>
        <valUSD>797780.88</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.100000000000</annualizedRt>
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      <invstOrSec>
        <name>Hply Trust</name>
        <lei>N/A</lei>
        <title>HPLY 2019-HIT A</title>
        <cusip>40443RAA9</cusip>
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          <isin value="US40443RAA95"/>
          <ticker value="HPLY"/>
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        <balance>478551.64</balance>
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        <curCd>USD</curCd>
        <valUSD>466504.96</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.847000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.875 02/15/41</title>
        <cusip>912810SW9</cusip>
        <identifiers>
          <isin value="US912810SW99"/>
          <ticker value="T"/>
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        <balance>6050000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4276121.12</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.875000000000</annualizedRt>
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      <invstOrSec>
        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDOGB 7.5 04/15/40 FR83</title>
        <cusip>Y6S86ZNH8</cusip>
        <identifiers>
          <isin value="IDG000014101"/>
          <ticker value="INDON"/>
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        <balance>10350000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="0.000064"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MEX 4 03/15/15</title>
        <cusip>P9767G4W8</cusip>
        <identifiers>
          <isin value="XS1218289103"/>
          <ticker value="MEX"/>
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        <balance>3990000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.6741806445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2115-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>ISPIM V7.75 PERP</title>
        <cusip>T5R13HZX7</cusip>
        <identifiers>
          <isin value="XS1548475968"/>
          <ticker value="ISPIM"/>
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        <balance>1568000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1616859.95</valUSD>
        <pctVal>0.3651968579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Banco de Sabadell SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>SABSM V5.75 PERP</title>
        <cusip>E1581BS63</cusip>
        <identifiers>
          <isin value="XS2310945048"/>
          <ticker value="SABSM"/>
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        <balance>1200000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.2516924237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.148 01/25/34 GMTN</title>
        <cusip>U6176TKY3</cusip>
        <identifiers>
          <isin value="XS2548081053"/>
          <ticker value="MS"/>
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        <balance>2013000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-25</maturityDt>
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          <annualizedRt>5.148000000000</annualizedRt>
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      <invstOrSec>
        <name>Ireland (Republic Of)</name>
        <lei>549300KXBEJAOJ9OVF93</lei>
        <title>IRISH 3.4 03/18/24</title>
        <cusip>G7S95MCD5</cusip>
        <identifiers>
          <isin value="IE00B6X95T99"/>
          <ticker value="IRELND"/>
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        <balance>2100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.5117987746</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.400000000000</annualizedRt>
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      <invstOrSec>
        <name>Autostrade per l'Italia S.p.A.</name>
        <lei>815600149448CEB9B230</lei>
        <title>ATOSTR 2 01/15/30</title>
        <cusip>T0R553AJ6</cusip>
        <identifiers>
          <isin value="XS2278566299"/>
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        <balance>1556000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.2973819387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>INTNED V0.875 11/29/30 EMTN</title>
        <cusip>N4R82BRF3</cusip>
        <identifiers>
          <isin value="XS2413697140"/>
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        <balance>1200000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.875000000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 2.25 02/15/52</title>
        <cusip>912810TD0</cusip>
        <identifiers>
          <isin value="US912810TD00"/>
          <ticker value="T"/>
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        <balance>3050000</balance>
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        <curCd>USD</curCd>
        <valUSD>2120941.39</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 0 11/25/31</title>
        <cusip>F26348AH9</cusip>
        <identifiers>
          <isin value="FR0014002WK3"/>
          <ticker value="FRTR"/>
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        <balance>366034</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.0683492302</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Hammerson Ireland Finance Designated Activity Company</name>
        <lei>63540093EUHUMTGSHN61</lei>
        <title>HMSOLN 1.75 06/03/27</title>
        <cusip>G4271HAA7</cusip>
        <identifiers>
          <isin value="XS2344772426"/>
          <ticker value="HMSOLN"/>
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        <balance>1225000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.2294671114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-03</maturityDt>
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          <annualizedRt>1.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 0 05/25/32</title>
        <cusip>F26348AP1</cusip>
        <identifiers>
          <isin value="FR0014007L00"/>
          <ticker value="FRTR"/>
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        <balance>3200000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2576640.72</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <cusip>F1883FTQ3</cusip>
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          <isin value="FR0014001G37"/>
          <ticker value="BPCEGP"/>
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        <balance>400000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>African Export-Import Bank</name>
        <lei>21380068LJCDYA42GJ76</lei>
        <title>AFREXI 3.798 05/17/31 REGS</title>
        <cusip>M0R08QAG6</cusip>
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          <isin value="XS2343007170"/>
          <ticker value="AFREXI"/>
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        <balance>3334000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2756551.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.798000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.625 12/02/40 REGS</title>
        <cusip>X7360WBR2</cusip>
        <identifiers>
          <isin value="XS2258400162"/>
          <ticker value="ROMANI"/>
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        <balance>2579000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.3470176268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.625000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.624 05/26/30 REGS</title>
        <cusip>X7360WBH4</cusip>
        <identifiers>
          <isin value="XS2178857954"/>
          <ticker value="ROMANI"/>
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        <balance>98000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.0193258047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.624000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBV 2.95 11/21/26</title>
        <cusip>00287YBV0</cusip>
        <identifiers>
          <isin value="US00287YBV02"/>
          <ticker value="ABBV"/>
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        <balance>1056000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>982063.26</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F022618</cusip>
        <identifiers>
          <isin value="US01F0226187"/>
          <ticker value="FNMA"/>
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        <balance>3000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2539542.93</valUSD>
        <pctVal>0.5736013800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>
      <invstOrSec>
        <name>Tricon American Homes Trust</name>
        <lei>N/A</lei>
        <title>TAH 2019-SFR1 A</title>
        <cusip>89612LAA4</cusip>
        <identifiers>
          <isin value="US89612LAA44"/>
          <ticker value="TAH"/>
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        <balance>571303.13</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>523402.1</valUSD>
        <pctVal>0.1182197644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>ITRAXX EUROPE SERIES 37</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
        <cusip>AA9LXHM31</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9LXHM31"/>
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        <balance>-21700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-612.31</valUSD>
        <pctVal>-0.0001383012</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Options" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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              <counterpartyName>CITIBANK N A</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <issueTitle>CDX OPTION</issueTitle>
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            <shareNo>-21700000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>73022.61</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V3 PERP</title>
        <cusip>F4065QLF5</cusip>
        <identifiers>
          <isin value="FR0013464922"/>
          <ticker value="EDF"/>
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        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>174579.05</valUSD>
        <pctVal>0.0394318138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.1 03/20/23 135</title>
        <cusip>J2S39KG26</cusip>
        <identifiers>
          <isin value="JP1051351J37"/>
          <ticker value="JGB"/>
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        <balance>1297950000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>9894148.82</valUSD>
        <pctVal>2.2347712064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.375 01/28/50 REGS</title>
        <cusip>X7360WBF8</cusip>
        <identifiers>
          <isin value="XS2109813142"/>
          <ticker value="ROMANI"/>
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        <balance>457000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.375000000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>AVOL 2.75 02/21/28 144A</title>
        <cusip>05401AAP6</cusip>
        <identifiers>
          <isin value="US05401AAP66"/>
          <ticker value="AVOL"/>
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        <balance>1692000</balance>
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        <curCd>USD</curCd>
        <valUSD>1358225.42</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4684</title>
        <cusip>31418EF21</cusip>
        <identifiers>
          <isin value="US31418EF214"/>
          <ticker value="FNMA"/>
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        <balance>8531581.53</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8212790.03</valUSD>
        <pctVal>1.8550061271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ford Motor Company</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 3.25 02/12/32</title>
        <cusip>345370DA5</cusip>
        <identifiers>
          <isin value="US345370DA55"/>
          <ticker value="F"/>
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        <balance>435000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>326224.64</valUSD>
        <pctVal>0.0736836938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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>ONEMAIN FINANCIAL ISSUANCE TRUST</name>
        <lei>N/A</lei>
        <title>OMFIT 2020-2A A</title>
        <cusip>682696AA7</cusip>
        <identifiers>
          <isin value="US682696AA77"/>
          <ticker value="OMFIT"/>
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        <balance>975000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>851731.14</valUSD>
        <pctVal>0.1923787748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.750000000000</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>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>TMUS 5.2 01/15/33</title>
        <cusip>87264ACV5</cusip>
        <identifiers>
          <isin value="US87264ACV52"/>
          <ticker value="TMUS"/>
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        <balance>470000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>465762.41</valUSD>
        <pctVal>0.1052008052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.125 05/15/40</title>
        <cusip>912810SR0</cusip>
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          <isin value="US912810SR05"/>
          <ticker value="T"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5294770.35</valUSD>
        <pctVal>1.1959189758</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 37</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
        <cusip>AA9LXFGK1</cusip>
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        <balance>21600000</balance>
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        <curCd>USD</curCd>
        <valUSD>418.27</valUSD>
        <pctVal>0.0000944738</pctVal>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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              <counterpartyName>CITIBANK N A</counterpartyName>
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      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 37</name>
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        <fairValLevel>2</fairValLevel>
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            <delta>XXXX</delta>
            <unrealizedAppr>55177.47</unrealizedAppr>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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        <cusip>H42097CN5</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
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        <cusip>B3S09CAP1</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Suez SA</name>
        <lei>5493007LKZ37MXEN5D79</lei>
        <title>SUEZFP 2.375 05/24/30 EMTN</title>
        <cusip>F9155XNH4</cusip>
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        <balance>1300000</balance>
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        <pctVal>0.2752441615</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.005 09/20/26 149</title>
        <cusip>J2S39LRB2</cusip>
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          <isin value="JP1051491MA0"/>
          <ticker value="JGB"/>
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        <balance>125650000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
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        <pctVal>0.2152850971</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.005000000000</annualizedRt>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.1 12/20/29 114</title>
        <cusip>J2615Q2Z7</cusip>
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          <isin value="JP12011419C6"/>
          <ticker value="JGB"/>
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        <balance>209100000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.875 10/29/35 REGS</title>
        <cusip>X7360WAG7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.624 05/26/30 144A</title>
        <cusip>X7360WBL5</cusip>
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        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wintershall Dea Finance 2 B.V.</name>
        <lei>529900DV88FUQZSVVL48</lei>
        <title>WNTRDE V3 PERP NC8</title>
        <cusip>N963A2AA6</cusip>
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        <balance>1300000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <pctVal>0.2281977470</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corporation</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>U0662LDZ9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rakuten Group Inc</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTN V4.25 PERP REGS</title>
        <cusip>J6S87BAY4</cusip>
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          <isin value="XS2332889778"/>
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        <balance>1957000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABNANV 0.5 09/23/29 EMTN</title>
        <cusip>N0R37UBV7</cusip>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 5.337 01/19/29</title>
        <cusip>15089QAU8</cusip>
        <identifiers>
          <isin value="XS2497520887"/>
          <ticker value="CE"/>
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        <pctVal>0.2623235249</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.337000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DH Europe Finance II SARL</name>
        <lei>222100KDGL314CKTZ511</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-1</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BXHPP LTD</name>
        <lei>N/A</lei>
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        <balance>900000</balance>
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        <curCd>USD</curCd>
        <valUSD>817487.64</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CS V3.091 05/14/32 144A</title>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENEL Finance International N.V.</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>ENELIM 7.5 10/14/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FP0012</title>
        <cusip>3140XTAN1</cusip>
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          <isin value="US3140XTAN14"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Springcastle I Spv Llc</name>
        <lei>N/A</lei>
        <title>SCFT 2020-AA A</title>
        <cusip>85022WAP9</cusip>
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        <balance>410521.51</balance>
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        <valUSD>370199.43</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Austria (Republic of)</name>
        <lei>529900QWWUI4XRVR7I03</lei>
        <title>RAGB 0 02/20/31</title>
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        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RBIAV V2.875 06/18/32</title>
        <cusip>A6S36JAT9</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Iceland (Republic Of)</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 4.5 02/17/42</title>
        <cusip>BU9357890</cusip>
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        <invCountry>IS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DB V5.625 05/19/31 EMTN</title>
        <cusip>D1T7F6D70</cusip>
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          <isin value="DE000DL19VB0"/>
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        <balance>300000</balance>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DB V1.75 11/19/30 EMTN</title>
        <cusip>D1T7F65H7</cusip>
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          <isin value="DE000DL19VS4"/>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PEMEX 7.19 09/12/24 REGS</title>
        <cusip>P78625DC4</cusip>
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          <isin value="USP78625DC49"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.190000000000</annualizedRt>
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      <invstOrSec>
        <name>Ubisoft Entertainment S.A.</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBIFP 0.878 11/24/27</title>
        <cusip>F9396NFJ0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V0.875 07/11/30 EMTN</title>
        <cusip>F105CUAM3</cusip>
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          <isin value="FR0014007LK5"/>
          <ticker value="BNP"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.875000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 0.9 04/01/31 11Y</title>
        <cusip>T6052BXZ6</cusip>
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          <isin value="IT0005422891"/>
          <ticker value="ITALY"/>
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        <balance>956000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.900000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.1 09/20/23 137</title>
        <cusip>J2S39KQ41</cusip>
        <identifiers>
          <isin value="JP1051371JA0"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>600000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>4575982.83</valUSD>
        <pctVal>1.0335679052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.5 03/20/45 46</title>
        <cusip>J2S39KGX8</cusip>
        <identifiers>
          <isin value="JP1300461F39"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>589700000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>4600504.64</valUSD>
        <pctVal>1.0391065964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</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>
      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.8 12/20/47 57</title>
        <cusip>J2S39KUZ7</cusip>
        <identifiers>
          <isin value="JP1300571HC4"/>
          <ticker value="JGB"/>
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        <balance>163700000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>1073542.18</valUSD>
        <pctVal>0.2424787818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 7.75 05/29/31 M</title>
        <cusip>P9767HEK1</cusip>
        <identifiers>
          <isin value="MX0MGO0000P2"/>
          <ticker value="MEX"/>
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        <balance>323190000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.051318"/>
        <valUSD>15347233.6</valUSD>
        <pctVal>3.4664483395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12193891.160000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 5.75 03/05/26 M</title>
        <cusip>P4R07XKC9</cusip>
        <identifiers>
          <isin value="MX0MGO0000Y4"/>
          <ticker value="MEX"/>
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        <balance>47500000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.051318"/>
        <valUSD>2204795.63</valUSD>
        <pctVal>0.4979926904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</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>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 0.25 11/25/26</title>
        <cusip>F43750GD8</cusip>
        <identifiers>
          <isin value="FR0013200813"/>
          <ticker value="FRTR"/>
        </identifiers>
        <balance>2975000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2892294.09</valUSD>
        <pctVal>0.6532765648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-25</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.875 05/26/28 REGS</title>
        <cusip>X7360WAK8</cusip>
        <identifiers>
          <isin value="XS1420357318"/>
          <ticker value="ROMANI"/>
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        <balance>654000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>605205</valUSD>
        <pctVal>0.1366964185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</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>Samhallsbyggnadsbolaget I Norden AB</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>SBBBSS V2.624 PERP *</title>
        <cusip>W7T8BRDY3</cusip>
        <identifiers>
          <isin value="XS2010032618"/>
          <ticker value="SBBBSS"/>
        </identifiers>
        <balance>2388000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>952193.88</valUSD>
        <pctVal>0.2150700889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.624000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.75 02/26/26 REGS</title>
        <cusip>X7360WBG6</cusip>
        <identifiers>
          <isin value="XS2178857285"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>2229000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2248827.86</valUSD>
        <pctVal>0.5079381603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2.75 04/14/41 REGS</title>
        <cusip>X7360WBS0</cusip>
        <identifiers>
          <isin value="XS2330514899"/>
          <ticker value="ROMANI"/>
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        <balance>2035000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1218804.2</valUSD>
        <pctVal>0.2752888179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>Bank of America Corporation</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V2.824 04/27/33 EMTN</title>
        <cusip>U0662LFY0</cusip>
        <identifiers>
          <isin value="XS2462323853"/>
          <ticker value="BAC"/>
        </identifiers>
        <balance>638000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>596584.27</valUSD>
        <pctVal>0.1347492718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.824000000000</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>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TD 1.952 04/08/30 EMTN</title>
        <cusip>Q9130ZBW7</cusip>
        <identifiers>
          <isin value="XS2466350993"/>
          <ticker value="TD"/>
        </identifiers>
        <balance>1512000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1396114.37</valUSD>
        <pctVal>0.3153375042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.952000000000</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>Wintershall Dea Finance B.V.</name>
        <lei>529900SUC9JUI6M74U66</lei>
        <title>WNTRDE 1.332 09/25/28</title>
        <cusip>N9639XAB8</cusip>
        <identifiers>
          <isin value="XS2054210252"/>
          <ticker value="WNTRDE"/>
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        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>86583.65</valUSD>
        <pctVal>0.0195564724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.332000000000</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>Celanese US Holdings Llc</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>CE 6.379 07/15/32</title>
        <cusip>15089QAP9</cusip>
        <identifiers>
          <isin value="US15089QAP90"/>
          <ticker value="CE"/>
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        <balance>173000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164513.99</valUSD>
        <pctVal>0.0371584393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.379000000000</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>Gmf Canada Leasing Trust</name>
        <lei>N/A</lei>
        <title>GCOLT 2020-1A A3</title>
        <cusip>36252MBU3</cusip>
        <identifiers>
          <isin value="CA36252MBU32"/>
          <ticker value="GCOLT"/>
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        <balance>116048.79</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.738552"/>
        <valUSD>85550.24</valUSD>
        <pctVal>0.0193230582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.048000000000</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>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG V6 PERP</title>
        <cusip>780097BQ3</cusip>
        <identifiers>
          <isin value="US780097BQ34"/>
          <ticker value="NWG"/>
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        <balance>310000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>286268.48</valUSD>
        <pctVal>0.0646588775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>NatWest Group PLC</name>
              <title>NatWest Group PLC ORD GBP1.0769</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="G6422B147"/>
                <isin value="GB00BM8PJY71"/>
                <ticker value="NWG"/>
                <other otherDesc="SEDOL" value="BM8PJY7"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="456.412596980000" curCd="USD"/>
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          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TESLA AUTO LEASE TRUST</name>
        <lei>N/A</lei>
        <title>TESLA 2020-A B</title>
        <cusip>88167HAE6</cusip>
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          <isin value="US88167HAE62"/>
          <ticker value="TESLA"/>
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        <balance>300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>297686.01</valUSD>
        <pctVal>0.0672377317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.180000000000</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>African Export-Import Bank</name>
        <lei>21380068LJCDYA42GJ76</lei>
        <title>AFREXI 5.25 10/11/23 EMTN</title>
        <cusip>M0R08QAD3</cusip>
        <identifiers>
          <isin value="XS1892247963"/>
          <ticker value="AFREXI"/>
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        <balance>550000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546728.6</valUSD>
        <pctVal>0.1234884734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>BKO 2.2 12/12/24</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0001104909"/>
          <ticker value="BKO"/>
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        <balance>3275000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>3473439.46</valUSD>
        <pctVal>0.7845386838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.200000000000</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>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDOGB 7 09/15/30 FR82</title>
        <cusip>Y6S86ZMP1</cusip>
        <identifiers>
          <isin value="IDG000013806"/>
          <ticker value="INDON"/>
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        <balance>18827000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="0.000064"/>
        <valUSD>1220884.22</valUSD>
        <pctVal>0.2757586277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.1 09/20/31 364</title>
        <cusip>J2S39LQK3</cusip>
        <identifiers>
          <isin value="JP1103641MA8"/>
          <ticker value="JGB"/>
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        <balance>466150000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>3429526.99</valUSD>
        <pctVal>0.7746202638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.100000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.5 06/20/34 149</title>
        <cusip>J2615QSH9</cusip>
        <identifiers>
          <isin value="JP1201491E67"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>431500000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>3568719.29</valUSD>
        <pctVal>0.8060593446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Republic of Korea</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>KTB 3.125 09/10/52 5209</title>
        <cusip>Y7277FV64</cusip>
        <identifiers>
          <isin value="KR103502GC99"/>
          <ticker value="KOREA"/>
        </identifiers>
        <balance>3135500000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="0.000791"/>
        <valUSD>2220195.4</valUSD>
        <pctVal>0.5014710050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</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>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FRESR 2017-SR01 A3</title>
        <cusip>3137FCJG0</cusip>
        <identifiers>
          <isin value="US3137FCJG02"/>
          <ticker value="FRESR"/>
        </identifiers>
        <balance>293264.27</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272399.25</valUSD>
        <pctVal>0.0615262628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.089000000000</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>Freddie Mac Seasoned Credit Risk Transfer Trust</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>SCRT 2019-3 M55D</title>
        <cusip>35563PLQ0</cusip>
        <identifiers>
          <isin value="US35563PLQ09"/>
          <ticker value="SCRT"/>
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        <balance>201800.37</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191804.69</valUSD>
        <pctVal>0.0433225340</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 0 08/15/52</title>
        <cusip>D14458AU3</cusip>
        <identifiers>
          <isin value="DE0001102572"/>
          <ticker value="BKO"/>
        </identifiers>
        <balance>4300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>2299406.11</valUSD>
        <pctVal>0.5193621665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>Amprion GmbH</name>
        <lei>529900ZIV0ETYHYZM863</lei>
        <title>AMPRIO 3.971 09/22/32</title>
        <cusip>D03614BG4</cusip>
        <identifiers>
          <isin value="DE000A30VPM1"/>
          <ticker value="AMPRIO"/>
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        <balance>600000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>632878.96</valUSD>
        <pctVal>0.1429470794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.971000000000</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>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>ANNGR 2.375 03/25/32</title>
        <cusip>D9581TAP5</cusip>
        <identifiers>
          <isin value="DE000A3MQS72"/>
          <ticker value="ANNGR"/>
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        <balance>1200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1020527.3</valUSD>
        <pctVal>0.2305044190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.7 09/20/33 146</title>
        <cusip>J2615QMS1</cusip>
        <identifiers>
          <isin value="JP1201461D98"/>
          <ticker value="JGB"/>
        </identifiers>
        <balance>22250000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.00762"/>
        <valUSD>188187.46</valUSD>
        <pctVal>0.0425055176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Company</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V1.741 05/04/30 EMTN</title>
        <cusip>U94974KY4</cusip>
        <identifiers>
          <isin value="XS2167007918"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>2031000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.070446"/>
        <valUSD>1840894.46</valUSD>
        <pctVal>0.4157990756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.741000000000</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>2023-02-17</ncom:dateSigned>
      <ncom:nameOfApplicant>GREAT-WEST FUNDS INC</ncom:nameOfApplicant>
      <ncom:signature>/s/Kelly New</ncom:signature>
      <ncom:signerName>Kelly New</ncom:signerName>
      <ncom:title>Treasurer, Great-West Funds, Inc.</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
