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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 0.00 PAY 0.00 09/15/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="2202826959"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
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        <valUSD>-12350.990000000224</valUSD>
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        <assetCat>DIR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <descRefInstrmnt>
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                <issueTitle>Inflation Swaps</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.000000000000</upfrontRcpt>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 2.80 PAY 0.00 07/28/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M4FVMU"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>780194.76</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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            <descRefInstrmnt>
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                <issueTitle>Inflation Swaps</issueTitle>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>244478.020000000000</upfrontRcpt>
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            <unrealizedAppr>535716.74</unrealizedAppr>
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        </derivativeInfo>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 0.00 PAY 2.53 07/28/2053</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M4FVLU"/>
        </identifiers>
        <balance>-62207.24</balance>
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        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-213268.68999999994</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
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            <descRefInstrmnt>
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                <issueTitle>Inflation Swaps</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-151061.44999999995</unrealizedAppr>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 1.00 PAY 100.00 06/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M6WP4U"/>
        </identifiers>
        <balance>0</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-3129.39</valUSD>
        <pctVal>-0.0005718654</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>2029-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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                <issueTitle>Credit Default Swaps</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH INTL &amp; CO.</name>
        <lei>8NAV47T0Y26Q87Y0QP81</lei>
        <title>RCV 0.00 PAY 0.00 04/05/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M72RLU"/>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>291615.9900000002</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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            <descRefInstrmnt>
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                <issueTitle>Inflation Swaps</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
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            <unrealizedAppr>291615.9900000002</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS INVESTMENT BANK</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>RCV 0.00 PAY 0.00 05/16/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M7SETU"/>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>294049.2000000011</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Inflation Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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              <counterpartyName>UBS INVESTMENT BANK</counterpartyName>
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            <descRefInstrmnt>
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                <issueTitle>Inflation Swaps</issueTitle>
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                  <cusip value="N/A"/>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>BNP PARIBAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M8B70U"/>
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        <valUSD>-385743.8800000008</valUSD>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <derivativeInfo>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY</title>
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          <other otherDesc="In-House" value="AA9M8VMFU"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>BNP PARIBAS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="AA9M8B71U"/>
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        <fairValLevel>2</fairValLevel>
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        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <derivativeInfo>
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              <counterpartyName>MORGAN STANLEY</counterpartyName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>BNP PARIBAS</title>
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          <other otherDesc="In-House" value="2110510558"/>
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        <units>OU</units>
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        <valUSD>-308409.77999999933</valUSD>
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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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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN SECURITIES INC</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JP MORGAN SECURITIES INC</title>
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          <other otherDesc="In-House" value="2118751595"/>
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        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>69544.12000000011</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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          <maturityDt>2028-10-19</maturityDt>
          <couponKind>Floating</couponKind>
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        <derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 5.00 PAY 100.00 06/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MXF34U"/>
        </identifiers>
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        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-255.57</valUSD>
        <pctVal>-0.0000467029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>GOLDMAN SACHS GROUP INC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Credit Default Swaps</issuerName>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <terminationDt>2029-06-20</terminationDt>
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            <unrealizedAppr>-3341.53</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIBANK</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX8XUU"/>
        </identifiers>
        <balance>14482.83</balance>
        <units>OU</units>
        <descOthUnits>Swap Contracts</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>14091.04</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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              <counterpartyName>CITIBANK</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <descRefInstrmnt>
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                <issuerName>Credit Default Swaps</issuerName>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-391.78999999999905</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>N/A</lei>
        <title>RCV EUR3M P Tot Ret 03/20/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX8B7U"/>
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        <units>NS</units>
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        <curCd>USD</curCd>
        <valUSD>-640.92</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Total Return Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.0</annualizedRt>
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                <issuerName>Total Return Swaps</issuerName>
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                  <cusip value="N/A"/>
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              </otherRefInst>
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            <swapFlag>N</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN SECURITIES INC</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="AA9MXA22U"/>
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        <valUSD>-507257.7</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
        <cusip>N/A</cusip>
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          <other otherDesc="In-House" value="AA9MXA27U"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 1.00 PAY 100.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MXAH2U"/>
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        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-33267.77</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
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            <upfrontRcpt>-35544.510000000000</upfrontRcpt>
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            <unrealizedAppr>2276.7400000000052</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MXBEWU"/>
        </identifiers>
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        <valUSD>-96102.09</valUSD>
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        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN SECURITIES INC</name>
        <lei>N/A</lei>
        <title>RCV EUR3M P Tot Ret 03/20/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M9VBVU"/>
        </identifiers>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Total Return Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>N</swapFlag>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX2ALU"/>
        </identifiers>
        <balance>-2897.14</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-5221.37</valUSD>
        <pctVal>-0.0009541543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Credit Default Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-2324.23</unrealizedAppr>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>N/A</lei>
        <title>RCV EUR3M P Tot Ret 03/20/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9M9VCRU"/>
        </identifiers>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Total Return Swaps" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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              </otherRefInst>
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            <swapFlag>N</swapFlag>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS BANK INTL</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX3FAU"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 5.00 PAY 100.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX3GFU"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>2J5703FH5U5M97R1I237</lei>
        <title>RCV 100.00 PAY 1.00 12/20/2029</title>
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          <other otherDesc="In-House" value="AA9MX5U0U"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 5.00 PAY 100.00 12/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="In-House" value="AA9MX5V4U"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>RCV 5.00 PAY 100.00 12/20/2029</title>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>BNP PARIBAS</name>
        <lei>N/A</lei>
        <title>R Tot Ret PAY EUR3M 03/20/2025</title>
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        <name>CITIGROUP GLOBAL MARKETS</name>
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        <name>TORONTO DOMINION BANK</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <lei>CYYGQCGNHMHPSMRL3R97</lei>
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        <valUSD>5746.849999999977</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Santander SA</name>
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        <fairValLevel>2</fairValLevel>
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        <units>OU</units>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 0.00 PAY 0.00 09/23/2029</title>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 0.00 PAY 0.00 09/19/2029</title>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 0.00 PAY 0.00 09/19/2029</title>
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          <other otherDesc="In-House" value="2200464449"/>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
        <title>RCV 0.00 PAY 0.00 09/20/2029</title>
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      <invstOrSec>
        <name>DEUTSCHE BANK</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>RCV 100.00 PAY 5.00 12/20/2029</title>
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          <other otherDesc="In-House" value="2201140651"/>
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        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-20</maturityDt>
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        <name>Chicago Board of Trade</name>
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                <issuerName>US 10YR NOTE</issuerName>
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        <name>Chicago Board of Trade</name>
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                <issuerName>US 10YR NOTE</issuerName>
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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>EUREX DEUTSCHLAND</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>Short</payOffProf>
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                <issuerName>EURO BUXL 30YR BND</issuerName>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>EURO BUXL 30YR BND</issuerName>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
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          <isin value="DE000F0Q7BX0"/>
          <ticker value="UBZ4"/>
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        <currencyConditional curCd="EUR" exchangeRt="1"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>EURO BUXL 30YR BND</issuerName>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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          <ticker value="USZ4"/>
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        <curCd>USD</curCd>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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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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              <otherRefInst>
                <issuerName>US LONG BOND DEC24</issuerName>
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                  <cusip value="912810QE1"/>
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            <unrealizedAppr>-19384.4399999999</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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                <issuerName>US LONG BOND DEC24</issuerName>
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            <notionalAmt>1862812.5</notionalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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          <ticker value="WNZ4"/>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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      <invstOrSec>
        <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>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR ULTRA FUT DEC 24</issuerName>
                <issueTitle>US 10YR ULTRA FUT DEC 24</issueTitle>
                <identifiers>
                  <cusip value="91282CKQ3"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>13722437.500</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-58519.5399999999</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE ULTRA 10Y</title>
        <cusip>0002UXYZ4</cusip>
        <identifiers>
          <ticker value="UXYZ4"/>
        </identifiers>
        <balance>-8</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3625</valUSD>
        <pctVal>0.0006624333</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR ULTRA FUT DEC 24</issuerName>
                <issueTitle>US 10YR ULTRA FUT DEC 24</issueTitle>
                <identifiers>
                  <cusip value="91282CKQ3"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>946375</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3610.04</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FGBM Dec 2024</title>
        <cusip>00002OEZ4</cusip>
        <identifiers>
          <isin value="DE000F0Q7BV4"/>
          <ticker value="OEZ4"/>
        </identifiers>
        <balance>86</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>104831.35</valUSD>
        <pctVal>0.0191569037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</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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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO BOBL FUTURE</issuerName>
                <issueTitle>EURO BOBL FUTURE</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>11417877.699436601</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>104741.5099999999</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US T-NOTE ULTRA 10Y</title>
        <cusip>0002UXYZ4</cusip>
        <identifiers>
          <ticker value="UXYZ4"/>
        </identifiers>
        <balance>-6</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1968.75</valUSD>
        <pctVal>-0.0003597698</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 10YR ULTRA FUT DEC 24</issuerName>
                <issueTitle>US 10YR ULTRA FUT DEC 24</issueTitle>
                <identifiers>
                  <cusip value="91282CKQ3"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>709781.25</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1979.07</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FGBM Dec 2024</title>
        <cusip>00002OEZ4</cusip>
        <identifiers>
          <isin value="DE000F0Q7BV4"/>
          <ticker value="OEZ4"/>
        </identifiers>
        <balance>-26</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-38993.71</valUSD>
        <pctVal>-0.0071257191</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</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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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO BOBL FUTURE</issuerName>
                <issueTitle>EURO BOBL FUTURE</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>3450284.6392014</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-39020.11</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT</name>
        <lei>N/A</lei>
        <title>LONG GILT</title>
        <cusip>00002G9Z4</cusip>
        <identifiers>
          <ticker value="G9Z4"/>
        </identifiers>
        <balance>-5</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5040.31</valUSD>
        <pctVal>0.0009210673</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LONG GILT</issuerName>
                <issueTitle>LONG GILT</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>644453.44759673999</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5033.76</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG GILT</name>
        <lei>N/A</lei>
        <title>LONG GILT</title>
        <cusip>00002G9Z4</cusip>
        <identifiers>
          <ticker value="G9Z4"/>
        </identifiers>
        <balance>7</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8797.13999999999</valUSD>
        <pctVal>-0.0016075913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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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            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LONG GILT</issuerName>
                <issueTitle>LONG GILT</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>901574.13315501</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-8805.57</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUDAPEST STOCK EXCHANGE</name>
        <lei>N/A</lei>
        <title>EUR/CZK Future Dec 2024</title>
        <cusip>00002CNZ4</cusip>
        <identifiers>
          <isin value="HU0008957370"/>
          <ticker value="CNZ4"/>
        </identifiers>
        <balance>103</balance>
        <units>NC</units>
        <currencyConditional curCd="HUF" exchangeRt="1"/>
        <valUSD>38809.2699999999</valUSD>
        <pctVal>0.0070920145</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>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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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CANADIAN 10YR BOND FUTURES</issuerName>
                <issueTitle>CANADIAN 10YR BOND FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>9460017.63149625</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>38617.3499999999</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUDAPEST STOCK EXCHANGE</name>
        <lei>N/A</lei>
        <title>EUR/CZK Future Dec 2024</title>
        <cusip>00002CNZ4</cusip>
        <identifiers>
          <isin value="HU0008957370"/>
          <ticker value="CNZ4"/>
        </identifiers>
        <balance>-174</balance>
        <units>NC</units>
        <currencyConditional curCd="HUF" exchangeRt="1"/>
        <valUSD>-149187.899999999</valUSD>
        <pctVal>-0.0272626293</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <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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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CANADIAN 10YR BOND FUTURES</issuerName>
                <issueTitle>CANADIAN 10YR BOND FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>16098686.294880241</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-149515.98</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUDAPEST STOCK EXCHANGE</name>
        <lei>N/A</lei>
        <title>EUR/CZK Future Dec 2024</title>
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        <identifiers>
          <isin value="HU0008957370"/>
          <ticker value="CNZ4"/>
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        <balance>16</balance>
        <units>NC</units>
        <currencyConditional curCd="HUF" exchangeRt="1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>CANADIAN 10YR BOND FUTURES</issuerName>
                <issueTitle>CANADIAN 10YR BOND FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>1480010.35935744</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4144.86</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FGBL Dec 2024</title>
        <cusip>00002RXZ4</cusip>
        <identifiers>
          <isin value="DE000F0Q7BU6"/>
          <ticker value="RXZ4"/>
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        <balance>-36</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
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        <pctVal>-0.0154882129</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <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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            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MKTS</counterpartyName>
              <counterpartyLei>XKZZ2JZF41MRHTR1V493</counterpartyLei>
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            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EUROBUND FUTURES</issuerName>
                <issueTitle>EUROBUND FUTURES</issueTitle>
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                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-01</expDate>
            <notionalAmt>5369059.85543136</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-84792.2299999999</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>FGBL Dec 2024</title>
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        <name>THE MONTREAL EXCHANGE / BOURSE DE MONTREAL</name>
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                <issuerName>EURO-SCHATZ FUTURE</issuerName>
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        <name>BNP Paribas SA</name>
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        <title>FANG 5.9 04/18/64</title>
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        <lei>549300X3UK4GG3FNMO06</lei>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD5601</title>
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        <balance>1185071</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD4362</title>
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          <isin value="US3132E0Z395"/>
          <ticker value="FHLMC"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR RA2650</title>
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          <isin value="US3133KH5K80"/>
          <ticker value="FHLMC"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOSAIC SOLAR LOAN TRUST 2023-2</name>
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        <title>MSAIC 2023-2A A</title>
        <cusip>61945WAA7</cusip>
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          <isin value="US61945WAA71"/>
          <ticker value="MSAIC"/>
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        <balance>226071.77</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.360000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Nasdaq Inc</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>NDAQ 5.55 02/15/34</title>
        <cusip>63111XAJ0</cusip>
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          <isin value="US63111XAJ00"/>
          <ticker value="NDAQ"/>
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        <balance>125000</balance>
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        <curCd>USD</curCd>
        <valUSD>131867.28</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.550000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pfizer Investment Enterprises Pte Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
        <title>PFE 5.3 05/19/53</title>
        <cusip>716973AG7</cusip>
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          <isin value="US716973AG71"/>
          <ticker value="PFE"/>
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        <balance>680000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.300000000000</annualizedRt>
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      <invstOrSec>
        <name>RWE Finance US LLC</name>
        <lei>529900J7MYLKI84UP772</lei>
        <title>RWE 5.875 04/16/34 144A</title>
        <cusip>749983AA0</cusip>
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          <isin value="US749983AA01"/>
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        <balance>460000</balance>
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        <curCd>USD</curCd>
        <valUSD>480939.69</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>2034-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>REGATTA XXV FUNDING LTD</name>
        <lei>N/A</lei>
        <title>REG25 2023-1A A</title>
        <cusip>758978AA8</cusip>
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          <isin value="US758978AA82"/>
          <ticker value="REG25"/>
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        <balance>575000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>579538.5</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.75 03/24/35 144A</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Springcastle I Spv Llc</name>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>91282CLK5</cusip>
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        <name>A&amp;D MORTGAGE TRUST 2023-NQM2</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>EUR/CHF CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ .9395</title>
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        <balance>-616000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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                <issuerName>FX CALL OPTION @ .9395</issuerName>
                <issueTitle>FX CALL OPTION @ .9395</issueTitle>
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      <invstOrSec>
        <name>Belgium (Kingdom Of)</name>
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        <name>Fluvius System Operator CV</name>
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        <name>Raiffeisen Bank International AG</name>
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        <name>Iceland (Republic Of)</name>
        <lei>254900IPCJWRC6XAJN15</lei>
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        <cusip>BU9357890</cusip>
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      <invstOrSec>
        <name>Ally Financial Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria, S.A.</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>BBVASM V6.033 03/13/35</title>
        <cusip>05946KAR2</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 1.75 12/01/53</title>
        <cusip>135087M68</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kreditanstalt Fur Wiederaufbau</name>
        <lei>549300GDPG70E3MBBU98</lei>
        <title>KFW 0.375 04/23/30 EMTN</title>
        <cusip>D4S46MCX1</cusip>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Spain (Kingdom of)</name>
        <lei>9598007A56S18711AH60</lei>
        <title>SPGB 3.25 04/30/34</title>
        <cusip>E8922APE4</cusip>
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          <isin value="ES0000012M85"/>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Company</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BMY 6.25 11/15/53</title>
        <cusip>110122EB0</cusip>
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          <isin value="US110122EB03"/>
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        <valUSD>389216.25</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.7 06/01/34</title>
        <cusip>126650ED8</cusip>
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        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 2.625 02/04/48 NGEU</title>
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        <invCountry>XX</invCountry>
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          <maturityDt>2048-02-04</maturityDt>
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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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          <isin value="FR0014000O87"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.878000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TDF Infrastructure SAS</name>
        <lei>969500BWNQ1B0PI06I59</lei>
        <title>TDFINF 5.625 07/21/28</title>
        <cusip>F9053PAD7</cusip>
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          <isin value="FR001400J861"/>
          <ticker value="TDFINF"/>
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        <balance>700000</balance>
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        <pctVal>0.1514331070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</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>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDOGB 7.5 04/15/40 FR83</title>
        <cusip>Y6S86ZNH8</cusip>
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          <isin value="IDG000014101"/>
          <ticker value="INDON"/>
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        <balance>12050000128</balance>
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        <currencyConditional curCd="IDR" exchangeRt="0.000066"/>
        <valUSD>851703.24</valUSD>
        <pctVal>0.1556404355</pctVal>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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="1.113152"/>
        <valUSD>826674.81</valUSD>
        <pctVal>0.1510667348</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.15 09/01/52 30Y</title>
        <cusip>T6052BJ90</cusip>
        <identifiers>
          <isin value="IT0005480980"/>
          <ticker value="ITALY"/>
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        <balance>394000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.0557553818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.150000000000</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.4 12/20/42 183</title>
        <cusip>J2S39LA61</cusip>
        <identifiers>
          <isin value="JP1201831P14"/>
          <ticker value="JGB"/>
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        <balance>385900000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2592974.25</valUSD>
        <pctVal>0.4738406791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.400000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>34160000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.050787"/>
        <valUSD>1609995.97</valUSD>
        <pctVal>0.2942110141</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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF V6.051 02/01/35</title>
        <cusip>14040HDF9</cusip>
        <identifiers>
          <isin value="US14040HDF91"/>
          <ticker value="COF"/>
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        <balance>240000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254122.09</valUSD>
        <pctVal>0.0464383261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.051000000000</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>Consumers Energy Company</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
        <title>CMS 4.6 05/30/29</title>
        <cusip>210518DW3</cusip>
        <identifiers>
          <isin value="US210518DW33"/>
          <ticker value="CMS"/>
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        <balance>339000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345855.41</valUSD>
        <pctVal>0.0632016929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.600000000000</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>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 8.5 03/01/29 M</title>
        <cusip>P4R07X3Z7</cusip>
        <identifiers>
          <isin value="MX0MGO0001F1"/>
          <ticker value="MEX"/>
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        <balance>137050000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.050787"/>
        <valUSD>6792223.16</valUSD>
        <pctVal>1.2412123393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="8599675.330000000000"/>
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      <invstOrSec>
        <name>Secretaria Tesouro Nacional</name>
        <lei>N/A</lei>
        <title>BNTNF 10 01/01/35 NTNF</title>
        <cusip>P8T60NQG9</cusip>
        <identifiers>
          <isin value="BRSTNCNTF238"/>
          <ticker value="BLTN"/>
        </identifiers>
        <balance>14309</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="0.183564"/>
        <valUSD>2355959</valUSD>
        <pctVal>0.4305284607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</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>
        <name>CYRUSONE DATA CENTERS ISSUER I LLC</name>
        <lei>N/A</lei>
        <title>CYRUS 2023-2A A2</title>
        <cusip>23284BAE4</cusip>
        <identifiers>
          <isin value="US23284BAE48"/>
          <ticker value="CYRUS"/>
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        <balance>502000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>508091.66</valUSD>
        <pctVal>0.0928487806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.560000000000</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>Duke Energy Carolinas LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
        <title>DUK 4.85 01/15/34</title>
        <cusip>26442CBM5</cusip>
        <identifiers>
          <isin value="US26442CBM55"/>
          <ticker value="DUK"/>
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        <balance>1785000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1825720.75</valUSD>
        <pctVal>0.3336326074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.850000000000</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>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENIIM 5.5 05/15/34 144A</title>
        <cusip>26874RAN8</cusip>
        <identifiers>
          <isin value="US26874RAN89"/>
          <ticker value="ENIIM"/>
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        <balance>336000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>348073.88</valUSD>
        <pctVal>0.0636070966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</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>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENIIM 5.95 05/15/54 144A</title>
        <cusip>26874RAP3</cusip>
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          <isin value="US26874RAP38"/>
          <ticker value="ENIIM"/>
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        <balance>631000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>649860.81</valUSD>
        <pctVal>0.1187557059</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</annualizedRt>
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          <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 Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD1657</title>
        <cusip>3132DNZW6</cusip>
        <identifiers>
          <isin value="US3132DNZW63"/>
          <ticker value="FHLMC"/>
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        <balance>1807020.25</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1587645.5</valUSD>
        <pctVal>0.2901266844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8221</title>
        <cusip>3132DWD26</cusip>
        <identifiers>
          <isin value="US3132DWD260"/>
          <ticker value="FHLMC"/>
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        <balance>2040915.13</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1902094.25</valUSD>
        <pctVal>0.3475891174</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 6 10/25/33 1033</title>
        <cusip>X8T024CH6</cusip>
        <identifiers>
          <isin value="PL0000115291"/>
          <ticker value="POLAND"/>
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        <balance>1325000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="0.259808"/>
        <valUSD>364049</valUSD>
        <pctVal>0.0665263935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-25</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>Novo Banco, S.A.</name>
        <lei>5493009W2E2YDCXY6S81</lei>
        <title>NOVBNC V9.875 12/01/33</title>
        <cusip>X5872BAM5</cusip>
        <identifiers>
          <isin value="PTNOBLOM0001"/>
          <ticker value="NOVBNC"/>
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        <balance>200000</balance>
        <units>NS</units>
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        <name>Federal National Mortgage Association</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>New South Wales Treasury Corporation</name>
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        <name>New South Wales Treasury Corporation</name>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
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        <name>Romania (Republic Of)</name>
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        <name>Petroleos Mexicanos</name>
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          <isin value="XS1824424706"/>
          <ticker value="PEMEX"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
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        <invCountry>RO</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB4970</title>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS4165</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4626</title>
        <cusip>31418ED80</cusip>
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        <issuerCat>USGSE</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4684</title>
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          <isin value="US31418EF214"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 6.15 01/25/32</title>
        <cusip>350930AC7</cusip>
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        <balance>634000</balance>
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      <invstOrSec>
        <name>HCA Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA 5.45 04/01/31</title>
        <cusip>404119CT4</cusip>
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          <ticker value="HCA"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INVESCO U.S. CLO 2023-3 LTD</name>
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        <title>INVCO 2023-3A A</title>
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          <ticker value="INVCO"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>ISPIM V8.248 11/21/33 144A</title>
        <cusip>46115HBV8</cusip>
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        <curCd>USD</curCd>
        <valUSD>754771.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Metronet Infrastructure Issuer LLC.</name>
        <lei>5493000BIROCAEATAQ61</lei>
        <title>MNET 2024-1A A2</title>
        <cusip>59170JAG3</cusip>
        <identifiers>
          <isin value="US59170JAG31"/>
          <ticker value="MNET"/>
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        <balance>187818</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193609.91</valUSD>
        <pctVal>0.0353803171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.230000000000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V6.627 11/01/34</title>
        <cusip>61747YFJ9</cusip>
        <identifiers>
          <isin value="US61747YFJ91"/>
          <ticker value="MS"/>
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        <balance>191000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216029.69</valUSD>
        <pctVal>0.0394773126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.627000000000</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>OCTAGON 61 LTD</name>
        <lei>N/A</lei>
        <title>OCT61 2023-2A A</title>
        <cusip>675947AA3</cusip>
        <identifiers>
          <isin value="US675947AA37"/>
          <ticker value="OCT61"/>
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        <balance>539672</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>542505.25</valUSD>
        <pctVal>0.0991375275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.174560000000</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>Posco</name>
        <lei>9884000N94NH7G6LQ816</lei>
        <title>POHANG 5.75 01/17/28 144A</title>
        <cusip>73730EAD5</cusip>
        <identifiers>
          <isin value="US73730EAD58"/>
          <ticker value="POHANG"/>
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        <balance>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207817.52</valUSD>
        <pctVal>0.0379766189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-17</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>RWE Finance US LLC</name>
        <lei>529900J7MYLKI84UP772</lei>
        <title>RWE 6.25 04/16/54 144A</title>
        <cusip>749983AB8</cusip>
        <identifiers>
          <isin value="US749983AB83"/>
          <ticker value="RWE"/>
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        <balance>440000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461477.63</valUSD>
        <pctVal>0.0843305226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</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>Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd.</name>
        <lei>254900N4NW6XZ9B4HM15</lei>
        <title>VDCR 2023-1A A2A</title>
        <cusip>76134KAA2</cusip>
        <identifiers>
          <isin value="US76134KAA25"/>
          <ticker value="VDCR"/>
        </identifiers>
        <balance>565000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>562805.5</valUSD>
        <pctVal>0.1028471996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>6297782 LLC</name>
        <lei>N/A</lei>
        <title>SOUBOW 6.176 10/01/54 144A</title>
        <cusip>83007CAG7</cusip>
        <identifiers>
          <isin value="US83007CAG78"/>
          <ticker value="SOUBOW"/>
        </identifiers>
        <balance>452000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>457543.08</valUSD>
        <pctVal>0.0836115221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.176000000000</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>367689.69</valUSD>
        <pctVal>0.0671916940</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>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"/>
        </identifiers>
        <balance>566820.75</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>552863.81</valUSD>
        <pctVal>0.1010304530</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRINITY RAIL LEASING 2020-2 LLC</name>
        <lei>N/A</lei>
        <title>TRL 2020-2A A1</title>
        <cusip>89656YAA3</cusip>
        <identifiers>
          <isin value="US89656YAA38"/>
          <ticker value="TRL"/>
        </identifiers>
        <balance>371037.59</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353229.75</valUSD>
        <pctVal>0.0645492814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.830000000000</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>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V5.122 01/26/34 MTN</title>
        <cusip>89788MAM4</cusip>
        <identifiers>
          <isin value="US89788MAM47"/>
          <ticker value="TFC"/>
        </identifiers>
        <balance>366000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>370021.31</valUSD>
        <pctVal>0.0676177748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.122000000000</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"/>
        </identifiers>
        <balance>1200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1287656.25</valUSD>
        <pctVal>0.2353065835</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>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 5.75 04/18/54</title>
        <cusip>25278XBA6</cusip>
        <identifiers>
          <isin value="US25278XBA63"/>
          <ticker value="FANG"/>
        </identifiers>
        <balance>243000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>244864.09</valUSD>
        <pctVal>0.0447465171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-18</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>
        <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>1050000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>981175.75</valUSD>
        <pctVal>0.1793002702</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>
          <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 Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 1.125 05/15/40</title>
        <cusip>912810SR0</cusip>
        <identifiers>
          <isin value="US912810SR05"/>
          <ticker value="T"/>
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        <balance>6600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4360125</valUSD>
        <pctVal>0.7967701919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <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>
          <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 1.625 05/15/31</title>
        <cusip>91282CCB5</cusip>
        <identifiers>
          <isin value="US91282CCB54"/>
          <ticker value="T"/>
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        <balance>5510000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4857624.63</valUSD>
        <pctVal>0.8876833827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4 02/15/34</title>
        <cusip>91282CJZ5</cusip>
        <identifiers>
          <isin value="US91282CJZ59"/>
          <ticker value="T"/>
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        <balance>12475000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12689413.81</valUSD>
        <pctVal>2.3188662428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</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>
        </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="1.113152"/>
        <valUSD>1429008.75</valUSD>
        <pctVal>0.2611373701</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>DE 4.5 01/16/29</title>
        <cusip>24422EXH7</cusip>
        <identifiers>
          <isin value="US24422EXH79"/>
          <ticker value="DE"/>
        </identifiers>
        <balance>838000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>853387.81</valUSD>
        <pctVal>0.1559482742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-16</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>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 6.25 01/25/35</title>
        <cusip>350930AD5</cusip>
        <identifiers>
          <isin value="US350930AD58"/>
          <ticker value="FABSJV"/>
        </identifiers>
        <balance>640000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669754.1</valUSD>
        <pctVal>0.1223910101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</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>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 5.7 02/10/53</title>
        <cusip>458140CJ7</cusip>
        <identifiers>
          <isin value="US458140CJ73"/>
          <ticker value="INTC"/>
        </identifiers>
        <balance>450000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>443328.97</valUSD>
        <pctVal>0.0810140325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.700000000000</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>Pfizer Investment Enterprises Pte Ltd.</name>
        <lei>5493000FQO8XF9C0RT95</lei>
        <title>PFE 5.34 05/19/63</title>
        <cusip>716973AH5</cusip>
        <identifiers>
          <isin value="US716973AH54"/>
          <ticker value="PFE"/>
        </identifiers>
        <balance>380000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>390359.94</valUSD>
        <pctVal>0.0713344604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.340000000000</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 6.625 02/17/28 144A</title>
        <cusip>77586RAQ3</cusip>
        <identifiers>
          <isin value="US77586RAQ39"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>680000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>710647.63</valUSD>
        <pctVal>0.1298639027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625000000000</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>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"/>
        </identifiers>
        <balance>600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>595690.63</valUSD>
        <pctVal>0.1088566354</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V5.867 06/08/34 MTN</title>
        <cusip>89788MAP7</cusip>
        <identifiers>
          <isin value="US89788MAP77"/>
          <ticker value="TFC"/>
        </identifiers>
        <balance>822000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>873857.64</valUSD>
        <pctVal>0.1596889354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.867000000000</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 / Westfield UK &amp; Europe Finance PLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 4.75 09/17/44 144A</title>
        <cusip>92890HAD4</cusip>
        <identifiers>
          <isin value="US92890HAD44"/>
          <ticker value="URWFP"/>
        </identifiers>
        <balance>903000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>754149.33</valUSD>
        <pctVal>0.1378134128</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 4.625 09/20/48 144A</title>
        <cusip>92928QAD0</cusip>
        <identifiers>
          <isin value="US92928QAD07"/>
          <ticker value="URWFP"/>
        </identifiers>
        <balance>90000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74330.1</valUSD>
        <pctVal>0.0135830987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>GBP/USD CURRENCY</name>
        <lei>N/A</lei>
        <title>FX PUT OPTION @ 1.298</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9XRMU"/>
        </identifiers>
        <balance>734000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81.45</valUSD>
        <pctVal>0.0000148842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX PUT OPTION @ 1.298</issuerName>
                <issueTitle>FX PUT OPTION @ 1.298</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>734000</shareNo>
            <exercisePrice>1.298000000000</exercisePrice>
            <exercisePriceCurCd>GBP</exercisePriceCurCd>
            <expDt>2024-10-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3932.16</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR/CHF CURRENCY</name>
        <lei>N/A</lei>
        <title>FX PUT OPTION @ 0.933</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MX3DJU"/>
        </identifiers>
        <balance>-624000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1223.9</valUSD>
        <pctVal>-0.0002236558</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX PUT OPTION @ 0.933</issuerName>
                <issueTitle>FX PUT OPTION @ 0.933</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-624000</shareNo>
            <exercisePrice>0.933000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2024-10-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3476.85</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 42</name>
        <lei>N/A</lei>
        <title>CDX OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MXDETU"/>
        </identifiers>
        <balance>24900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45287.59</valUSD>
        <pctVal>0.0082758641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaption" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX OPTIONS</issuerName>
                <issueTitle>CDX OPTIONS</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>24900000</shareNo>
            <exercisePrice>0.625000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2024-11-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-5435.4</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TII 2.125 04/15/29</title>
        <cusip>91282CKL4</cusip>
        <identifiers>
          <isin value="US91282CKL45"/>
          <ticker value="T"/>
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        <balance>14796000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15463463.7</valUSD>
        <pctVal>2.8257967238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.625 06/30/26</title>
        <cusip>91282CKY6</cusip>
        <identifiers>
          <isin value="US91282CKY65"/>
          <ticker value="T"/>
        </identifiers>
        <balance>8400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8529281</valUSD>
        <pctVal>1.5586426672</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>4.625000000000</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>Amprion GmbH</name>
        <lei>529900ZIV0ETYHYZM863</lei>
        <title>AMPRIO 0.625 09/23/33 EMTN</title>
        <cusip>D03614AR1</cusip>
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          <isin value="DE000A3E5VX4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 4 04/04/44 NGEU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EU000A3K4EL9"/>
          <ticker value="EU"/>
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        <balance>510000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIFP 4.25 09/06/34 EMTN</title>
        <cusip>F3R09S2G2</cusip>
        <identifiers>
          <isin value="FR001400KHH8"/>
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        <balance>500000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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        <securityLending>
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      </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"/>
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        <balance>669400000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>4625927.94</valUSD>
        <pctVal>0.8453430791</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cooperatieve Rabobank U.A.</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>RABOBK V4.875 PERP</title>
        <cusip>N22616MH1</cusip>
        <identifiers>
          <isin value="XS2456432413"/>
          <ticker value="RABOBK"/>
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        <balance>400000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.0785452414</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>4.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>BAYNGR V7 09/25/83</title>
        <cusip>D0R154AA9</cusip>
        <identifiers>
          <isin value="XS2684846806"/>
          <ticker value="BAYNGR"/>
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        <balance>600000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>713715.13</valUSD>
        <pctVal>0.1304244583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2083-09-25</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>
        <name>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 7.5 06/03/27 M</title>
        <cusip>P4R086AF1</cusip>
        <identifiers>
          <isin value="MX0MGO0000D8"/>
          <ticker value="MEX"/>
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        <balance>41200000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.050787"/>
        <valUSD>2010555.88</valUSD>
        <pctVal>0.3674094193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</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>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"/>
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        <balance>298000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>260721.39</valUSD>
        <pctVal>0.0476442836</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Autostrade per l'Italia S.p.A.</name>
        <lei>815600149448CEB9B230</lei>
        <title>ATOSTR 4.75 01/24/31 EMTN</title>
        <cusip>T0R553AM9</cusip>
        <identifiers>
          <isin value="XS2579897633"/>
          <ticker value="ATOSTR"/>
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        <balance>350000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>412998.06</valUSD>
        <pctVal>0.0754713554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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="1.113152"/>
        <valUSD>1611445.09</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 3.75 02/07/34 REGS</title>
        <cusip>X7360WCD2</cusip>
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          <isin value="XS2434895806"/>
          <ticker value="ROMANI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RBIAV V7.375 12/20/32</title>
        <cusip>A6S36JBB7</cusip>
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          <isin value="XS2534786590"/>
          <ticker value="RBIAV"/>
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        <balance>300000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>356777.44</valUSD>
        <pctVal>0.0651975871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Var Energi ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>VARNO V7.862 11/15/83</title>
        <cusip>R9576ZAG3</cusip>
        <identifiers>
          <isin value="XS2708134023"/>
          <ticker value="VARNO"/>
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        <balance>540000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2083-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.862000000000</annualizedRt>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2023-5</name>
        <lei>984500BADC7CFE3B0756</lei>
        <title>VERUS 2023-5 A1</title>
        <cusip>924934AA0</cusip>
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          <isin value="US924934AA00"/>
          <ticker value="VERUS"/>
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        <balance>260406.45</balance>
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        <curCd>USD</curCd>
        <valUSD>264097.75</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>2068-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.476000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 144A</title>
        <cusip>92928QAH1</cusip>
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          <isin value="US92928QAH11"/>
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        <balance>683000</balance>
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        <curCd>USD</curCd>
        <valUSD>653240.12</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>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>JDE Peets N.V</name>
        <lei>724500EHG519SE5ZRT89</lei>
        <title>JDEPNA 4.5 01/23/34 emTN</title>
        <cusip>N44664AK1</cusip>
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          <isin value="XS2728560959"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2103715.5</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>2034-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V5.557 07/25/34 MTN</title>
        <cusip>95000U3F8</cusip>
        <identifiers>
          <isin value="US95000U3F88"/>
          <ticker value="WFC"/>
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        <balance>690000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>723927.38</valUSD>
        <pctVal>0.1322906471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.557000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USD/CNH CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 7.1595</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9A55U"/>
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        <balance>686000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537.14</valUSD>
        <pctVal>0.0000981571</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>FX CALL OPTION @ 7.1595</issuerName>
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              </otherRefInst>
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            <shareNo>686000</shareNo>
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            <expDt>2024-11-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3670.78</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUR/AUD CURRENCY</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9SU6U"/>
        </identifiers>
        <balance>616000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5.49</valUSD>
        <pctVal>0.0000010032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX CALL OPTION @ 1.629</issuerName>
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                  <cusip value="N/A"/>
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              </otherRefInst>
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            <shareNo>616000</shareNo>
            <exercisePrice>1.629000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2024-10-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-5648.12</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHF/JPY CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 175.2</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9UWHU"/>
        </identifiers>
        <balance>-579000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1368.91</valUSD>
        <pctVal>-0.0002501549</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO LLC</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX CALL OPTION @ 175.2</issuerName>
                <issueTitle>FX CALL OPTION @ 175.2</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-579000</shareNo>
            <exercisePrice>175.200000000000</exercisePrice>
            <exercisePriceCurCd>CHF</exercisePriceCurCd>
            <expDt>2024-11-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2644.1</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUR/GBP CURRENCY</name>
        <lei>N/A</lei>
        <title>FX PUT OPTION @ 0.845</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MX3GJU"/>
        </identifiers>
        <balance>624000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10002.34</valUSD>
        <pctVal>0.0018278298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX PUT OPTION @ 0.845</issuerName>
                <issueTitle>FX PUT OPTION @ 0.845</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>624000</shareNo>
            <exercisePrice>0.845000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2024-10-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>6737.69</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Austria (Republic of)</name>
        <lei>529900QWWUI4XRVR7I03</lei>
        <title>RAGB 2.9 02/20/34</title>
        <cusip>A0654UD40</cusip>
        <identifiers>
          <isin value="AT0000A39UW5"/>
          <ticker value="AUST"/>
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        <balance>1100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1250896</valUSD>
        <pctVal>0.2285890074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.900000000000</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>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"/>
        </identifiers>
        <balance>200554.52</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>268335</valUSD>
        <pctVal>0.0490355963</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>
        </debtSec>
        <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 2.875 04/13/42 REGS</title>
        <cusip>X7360WBX9</cusip>
        <identifiers>
          <isin value="XS2364200514"/>
          <ticker value="ROMANI"/>
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        <balance>2724000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2046449.12</valUSD>
        <pctVal>0.3739685578</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>
      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V2.875 04/02/32</title>
        <cusip>H3698DDK7</cusip>
        <identifiers>
          <isin value="CH1174335740"/>
          <ticker value="UBS"/>
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        <balance>2095000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2258337</valUSD>
        <pctVal>0.4126889951</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>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 0.45 07/04/41 NGEU</title>
        <cusip>B3S09CAP1</cusip>
        <identifiers>
          <isin value="EU000A3KT6B1"/>
          <ticker value="EU"/>
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        <balance>460000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>334635.84</valUSD>
        <pctVal>0.0611514263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.450000000000</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>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="1.113152"/>
        <valUSD>212389.38</valUSD>
        <pctVal>0.0388120815</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>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kering S.A.</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>KERFP 3.875 09/05/35 EMTN</title>
        <cusip>F5433LBZ5</cusip>
        <identifiers>
          <isin value="FR001400KHX5"/>
          <ticker value="KERFP"/>
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        <balance>300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>342418.44</valUSD>
        <pctVal>0.0625736203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</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>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V9.25 PERP</title>
        <cusip>G0809LJC4</cusip>
        <identifiers>
          <isin value="XS2591803841"/>
          <ticker value="BACR"/>
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        <balance>320000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>453866.34</valUSD>
        <pctVal>0.0829396338</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>9.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Barclays PLC</name>
              <title>Barclays PLC ORD GBP0.25</title>
              <curCd>GBP</curCd>
              <identifiers>
                <cusip value="G08036124"/>
                <isin value="GB0031348658"/>
                <ticker value="BARC"/>
                <other otherDesc="SEDOL" value="3134865"/>
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          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="606.060606060000" curCd="GBP"/>
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          <delta>XXXX</delta>
        </debtSec>
        <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 4.375 07/31/54</title>
        <cusip>G4527HF22</cusip>
        <identifiers>
          <isin value="GB00BPSNBB36"/>
          <ticker value="UKIN"/>
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        <balance>2200000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2839525.6</valUSD>
        <pctVal>0.5188955265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</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>Greece (Republic Of)</name>
        <lei>2138003EKTMKZ5598902</lei>
        <title>GGB 4.125 06/15/54</title>
        <cusip>X32332Y71</cusip>
        <identifiers>
          <isin value="GR0138018842"/>
          <ticker value="GREECE"/>
        </identifiers>
        <balance>1755000</balance>
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        <name>Japan (Government Of)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <balance>470000</balance>
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        <curCd>USD</curCd>
        <valUSD>534170.19</valUSD>
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          <maturityDt>2031-10-30</maturityDt>
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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>
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        <balance>924000</balance>
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        <curCd>USD</curCd>
        <valUSD>566721.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-04-01</maturityDt>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHTR 6.55 06/01/34</title>
        <cusip>161175CR3</cusip>
        <identifiers>
          <isin value="US161175CR30"/>
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        <balance>480000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>499283.01</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.550000000000</annualizedRt>
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      <invstOrSec>
        <name>ENT AUTO RECEIVABLES TRUST 2023-1</name>
        <lei>N/A</lei>
        <title>ENT 2023-1A A3</title>
        <cusip>293601AE0</cusip>
        <identifiers>
          <isin value="US293601AE08"/>
          <ticker value="ENT"/>
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        <balance>212000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216114.11</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>2029-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.240000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS KC02 A2</title>
        <cusip>3137FHQ22</cusip>
        <identifiers>
          <isin value="US3137FHQ226"/>
          <ticker value="FHLMC"/>
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        <balance>256902.41</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254360.77</valUSD>
        <pctVal>0.0464819425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.370000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Kroger Co.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KR 5 09/15/34</title>
        <cusip>501044DV0</cusip>
        <identifiers>
          <isin value="US501044DV05"/>
          <ticker value="KR"/>
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        <balance>192000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193601.02</valUSD>
        <pctVal>0.0353786926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.466 01/18/35</title>
        <cusip>61747YFL4</cusip>
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          <isin value="US61747YFL48"/>
          <ticker value="MS"/>
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        <balance>600000</balance>
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        <curCd>USD</curCd>
        <valUSD>627354.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>
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        <balance>458000</balance>
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        <curCd>USD</curCd>
        <valUSD>433983.97</valUSD>
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        <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>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 3.65 03/25/41</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2041-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SBA Tower Trust</name>
        <lei>N/A</lei>
        <title>SBATOW 1.884 01/15/26 144A</title>
        <cusip>78403DAP5</cusip>
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        <curCd>USD</curCd>
        <valUSD>810647.69</valUSD>
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      <invstOrSec>
        <name>Textainer Marine Containers Ltd</name>
        <lei>549300X48KLHDDGPK024</lei>
        <title>TMCL 2021-1A A</title>
        <cusip>88315LAL2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <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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        <balance>834000</balance>
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        <issuerCat>CORP</issuerCat>
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        <name>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
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        <cusip>92840VAG7</cusip>
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        <name>US 5YR FUTURE OPTION</name>
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        <curCd>USD</curCd>
        <valUSD>127117.34</valUSD>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>European Union</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>AMSR TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Bristol-Myers Squibb Company</name>
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        <name>Corporacion Nacional del Cobre de Chile</name>
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        <name>Government National Mortgage Association</name>
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        <name>Hewlett Packard Enterprise Company</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>ONEMAIN FINANCIAL ISSUANCE TRUST</name>
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      <invstOrSec>
        <name>Raizen Fuels Finance SA</name>
        <lei>52990010NH26VC32Q522</lei>
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      <invstOrSec>
        <name>Veolia Environnement S.A.</name>
        <lei>N/A</lei>
        <title>SUEZFP 5 11/03/32 EMTN</title>
        <cusip>F9155XNJ0</cusip>
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      <invstOrSec>
        <name>BPCE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Bonds</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
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        <name>VANTAGE DATA CENTERS ISSUER LLC</name>
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        <name>Greece (Republic Of)</name>
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        <name>Indonesia (Republic of)</name>
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        <name>Finland (Republic Of)</name>
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        <lei>529900QWWUI4XRVR7I03</lei>
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        <name>Japan (Government Of)</name>
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        <name>Heimstaden Bostad Treasury BV</name>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V7.75 03/01/29</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China (People's Republic Of)</name>
        <lei>300300CHN201808MOF68</lei>
        <title>CGB 3.81 09/14/50 INBK</title>
        <cusip>Y6S39BYR5</cusip>
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          <isin value="CND10003N750"/>
          <ticker value="CGB"/>
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        <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>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Treasury Corporation of Victoria</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
        <title>TCV 2 09/17/35</title>
        <cusip>Q9194YPB4</cusip>
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          <isin value="AU3SG0002579"/>
          <ticker value="TCV"/>
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        <balance>973000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ASTM S.p.A.</name>
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          <isin value="XS2412267788"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allianz SE</name>
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        <cusip>D0R6AW6C1</cusip>
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          <isin value="DE000A351U49"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Denmark (Kingdom Of)</name>
        <lei>549300PTO6LS1PTM6607</lei>
        <title>DGB 4.5 11/15/39</title>
        <cusip>K5675SHC6</cusip>
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          <isin value="DK0009922320"/>
          <ticker value="FISKBK"/>
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        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
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        <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>
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      <invstOrSec>
        <name>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 3.39 06/17/37</title>
        <cusip>Y6065BRA7</cusip>
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          <isin value="TH0623A3H605"/>
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        <balance>23200000</balance>
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        <currencyConditional curCd="THB" exchangeRt="0.031078"/>
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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>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>HGB 2.25 04/20/33 33/A</title>
        <cusip>X51627GG0</cusip>
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          <isin value="HU0000404744"/>
          <ticker value="REPHUN"/>
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        <balance>70000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="0.002802"/>
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        <pctVal>0.0000269962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 4 10/25/38 OAT</title>
        <cusip>F43750JP8</cusip>
        <identifiers>
          <isin value="FR0010371401"/>
          <ticker value="FRTR"/>
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        <balance>1475000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.3283595142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1.1 03/20/43 184</title>
        <cusip>J2S39LE83</cusip>
        <identifiers>
          <isin value="JP1201841P46"/>
          <ticker value="JGB"/>
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        <balance>178450000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1138119.29</valUSD>
        <pctVal>0.2079801669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.100000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3295486.5</valUSD>
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        <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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      <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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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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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>7.750000000000</annualizedRt>
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      <invstOrSec>
        <name>Korea (Republic Of)</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>KTB 3.25 03/10/53 5303</title>
        <cusip>Y7277FX88</cusip>
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          <isin value="KR103502GD31"/>
          <ticker value="KOREA"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Malaysia (Government Of)</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>MGS 4.642 11/07/33 0318</title>
        <cusip>Y2R35QBZ3</cusip>
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          <isin value="MYBMT1800039"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Peru (Republic Of)</name>
        <lei>254900STKLK2DBJJZ530</lei>
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        <cusip>P6S32DDY6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <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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          <couponKind>Fixed</couponKind>
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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>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Athora Netherlands N.V.</name>
        <lei>724500MKKXKEVWMN9E13</lei>
        <title>ATHORA V5.375 08/31/32</title>
        <cusip>N0795YAB5</cusip>
        <identifiers>
          <isin value="XS2468390930"/>
          <ticker value="ATHORA"/>
        </identifiers>
        <balance>766000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>858649.87</valUSD>
        <pctVal>0.1569098642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-31</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V3.75 05/14/32 EMTN</title>
        <cusip>U17408AM4</cusip>
        <identifiers>
          <isin value="XS2577826386"/>
          <ticker value="C"/>
        </identifiers>
        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>795656.13</valUSD>
        <pctVal>0.1453983745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990002BAIDUAIIYU29</lei>
        <title>DBHNGR 3.25 05/19/33 EMTN</title>
        <cusip>D1T0VZDY4</cusip>
        <identifiers>
          <isin value="XS2624017070"/>
          <ticker value="DBHNGR"/>
        </identifiers>
        <balance>513000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>592626.79</valUSD>
        <pctVal>0.1082967487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-19</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>WEA Finance LLC</name>
        <lei>3CYEJKBUJZO3UW777J80</lei>
        <title>URWFP 2.875 01/15/27 REGS</title>
        <cusip>U94303AF8</cusip>
        <identifiers>
          <isin value="USU94303AF86"/>
          <ticker value="URWFP"/>
        </identifiers>
        <balance>277000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>264930.47</valUSD>
        <pctVal>0.0484134518</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>
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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 01/28/50 REGS</title>
        <cusip>X7360WBF8</cusip>
        <identifiers>
          <isin value="XS2109813142"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>775000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>585750.26</valUSD>
        <pctVal>0.1070401301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Robert Bosch GmbH</name>
        <lei>529900F0LT5OP4SV6122</lei>
        <title>RBOSGR 4 06/02/35 EMTN</title>
        <cusip>D12376AL9</cusip>
        <identifiers>
          <isin value="XS2629470845"/>
          <ticker value="RBOSGR"/>
        </identifiers>
        <balance>1400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1609497.38</valUSD>
        <pctVal>0.2941199017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-02</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>Piraeus Financial Holdings S.A</name>
        <lei>N/A</lei>
        <title>TPEIR V6.75 12/05/29 emTN</title>
        <cusip>X5S2FJAM3</cusip>
        <identifiers>
          <isin value="XS2728486536"/>
          <ticker value="TPEIR"/>
        </identifiers>
        <balance>265000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>326784.68</valUSD>
        <pctVal>0.0597167036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</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>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="1.113152"/>
        <valUSD>543961.54</valUSD>
        <pctVal>0.0994036503</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cellnex Telecom S.A.U</name>
        <lei>5493008T4YG3AQUI7P67</lei>
        <title>CLNXSM 1.75 10/23/30 EMTN</title>
        <cusip>E2R41MDW1</cusip>
        <identifiers>
          <isin value="XS2247549731"/>
          <ticker value="CLNXSM"/>
        </identifiers>
        <balance>800000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>813811.09</valUSD>
        <pctVal>0.1487160158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-23</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>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ 3.5 06/28/32</title>
        <cusip>92343VGU2</cusip>
        <identifiers>
          <isin value="XS2770514789"/>
          <ticker value="VZ"/>
        </identifiers>
        <balance>1546000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1744716.14</valUSD>
        <pctVal>0.3188298073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-28</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>Northumbrian Water Finance plc</name>
        <lei>213800JTFA6F3S7XX781</lei>
        <title>NWGLN 5.5 10/02/37 EMTN</title>
        <cusip>G6661MAM3</cusip>
        <identifiers>
          <isin value="XS2794482351"/>
          <ticker value="NWGLN"/>
        </identifiers>
        <balance>115000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>144911.52</valUSD>
        <pctVal>0.0264811627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-02</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>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>881000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>819985.61</valUSD>
        <pctVal>0.1498443489</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>
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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"/>
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        <balance>1493000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1444720.79</valUSD>
        <pctVal>0.2640085918</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>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V3.9 07/22/32 EMTN</title>
        <cusip>U94974LV9</cusip>
        <identifiers>
          <isin value="XS2865533462"/>
          <ticker value="WFC"/>
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        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>571080.31</valUSD>
        <pctVal>0.1043593402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.900000000000</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>Severn Trent Utilities Finance PLC</name>
        <lei>213800KY9PT6WBH33232</lei>
        <title>SVTLN 5.875 07/31/38 EMTN</title>
        <cusip>G80571AY1</cusip>
        <identifiers>
          <isin value="XS2870262859"/>
          <ticker value="SVTLN"/>
        </identifiers>
        <balance>198000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>271489</valUSD>
        <pctVal>0.0496119590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</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>Motability Operations Group PLC</name>
        <lei>AZ3NL8JCZDCNUXFWI720</lei>
        <title>MOTOPG 3.5 07/17/31 EMTN</title>
        <cusip>G62893AT2</cusip>
        <identifiers>
          <isin value="XS2574870759"/>
          <ticker value="MOTOPG"/>
        </identifiers>
        <balance>1950000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2202901.93</valUSD>
        <pctVal>0.4025587784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-17</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>T 3.95 04/30/31</title>
        <cusip>00206RMR0</cusip>
        <identifiers>
          <isin value="XS2590758665"/>
          <ticker value="T"/>
        </identifiers>
        <balance>572000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>663302.88</valUSD>
        <pctVal>0.1212121127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</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>Stellantis N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STLA 4.25 06/16/31 EMTN</title>
        <cusip>N82405AL0</cusip>
        <identifiers>
          <isin value="XS2634690114"/>
          <ticker value="STLA"/>
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        <balance>320000</balance>
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        <valUSD>365442.25</valUSD>
        <pctVal>0.0667809963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-16</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sartorius Finance BV</name>
        <lei>529900JCAKTMRXK9EA58</lei>
        <title>SRTGR 4.5 09/14/32</title>
        <cusip>N7750FAD0</cusip>
        <identifiers>
          <isin value="XS2676395317"/>
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        <balance>700000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Alimentation Couche-Tard Inc.</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>ATDBCN 3.647 05/12/31 144A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2765569673"/>
          <ticker value="ATDBCN"/>
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        <balance>1096000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.647000000000</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>MSD Netherlands Capital BV</name>
        <lei>724500V56VDH8898Q807</lei>
        <title>MRK 3.5 05/30/37</title>
        <cusip>N59340AB0</cusip>
        <identifiers>
          <isin value="XS2825485852"/>
          <ticker value="MRK"/>
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        <balance>522000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>588985.81</valUSD>
        <pctVal>0.1076313952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-30</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>MSD Netherlands Capital BV</name>
        <lei>724500V56VDH8898Q807</lei>
        <title>MRK 3.75 05/30/54</title>
        <cusip>N59340AD6</cusip>
        <identifiers>
          <isin value="XS2825486231"/>
          <ticker value="MRK"/>
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        <balance>272000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>
        <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>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1581102.5</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>
        <name>COLT 2023-4 MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>COLT 2023-4 A1</title>
        <cusip>12598WAA0</cusip>
        <identifiers>
          <isin value="US12598WAA09"/>
          <ticker value="COLT"/>
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        <balance>611795.56</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>626497.25</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>2068-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.163000000000</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>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>119891.14</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114832.81</valUSD>
        <pctVal>0.0209845727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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"/>
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        <balance>7005000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="0.6353"/>
        <valUSD>4227987.91</valUSD>
        <pctVal>0.7726234313</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990002BAIDUAIIYU29</lei>
        <title>DBHNGR 2.75 03/19/29 EMTN</title>
        <cusip>D1T0VZCB5</cusip>
        <identifiers>
          <isin value="XS1045386494"/>
          <ticker value="DBHNGR"/>
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        <balance>513000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>580339</valUSD>
        <pctVal>0.1060512752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>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"/>
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        <balance>151000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>151677.39</valUSD>
        <pctVal>0.0277175593</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>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2 01/28/32 REGS</title>
        <cusip>X7360WBC5</cusip>
        <identifiers>
          <isin value="XS2109812508"/>
          <ticker value="ROMANI"/>
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        <balance>409000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.0676780918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</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>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NWIDE V5.75 PERP</title>
        <cusip>G6S17GNU5</cusip>
        <identifiers>
          <isin value="XS2113658202"/>
          <ticker value="NWIDE"/>
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        <balance>427000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>551314.5</valUSD>
        <pctVal>0.1007473318</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>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>Diageo Finance plc</name>
        <lei>BPF79TJMIH3DK8XCKI50</lei>
        <title>DGELN 2.5 03/27/32 EMTN</title>
        <cusip>G2756XVK5</cusip>
        <identifiers>
          <isin value="XS2147889690"/>
          <ticker value="DGELN"/>
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        <balance>760000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>819563.14</valUSD>
        <pctVal>0.1497671467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>1700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1584725</valUSD>
        <pctVal>0.2895929916</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discover Financial Services Inc.</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>DFS V7.964 11/02/34</title>
        <cusip>254709AT5</cusip>
        <identifiers>
          <isin value="US254709AT53"/>
          <ticker value="DFS"/>
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        <balance>560000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>657990.63</valUSD>
        <pctVal>0.1202413510</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>7.964000000000</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>KeyBank National Association</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KEY 5 01/26/33</title>
        <cusip>49327M3H5</cusip>
        <identifiers>
          <isin value="US49327M3H53"/>
          <ticker value="KEY"/>
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        <balance>630000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>624275.13</valUSD>
        <pctVal>0.1140801732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PEMEX 6.95 01/28/60</title>
        <cusip>71654QDF6</cusip>
        <identifiers>
          <isin value="US71654QDF63"/>
          <ticker value="PEMEX"/>
        </identifiers>
        <balance>6088000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4365616</valUSD>
        <pctVal>0.7977736185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.950000000000</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>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>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>104276.11</valUSD>
        <pctVal>0.0190554390</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>
          <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>SW (Finance) I PLC</name>
        <lei>549300BHN1HB5BNG2R96</lei>
        <title>SWSFIN 3 05/28/37 EMTN</title>
        <cusip>G3310QAM6</cusip>
        <identifiers>
          <isin value="XS2180916871"/>
          <ticker value="SWSFIN"/>
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        <balance>389000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>363167.28</valUSD>
        <pctVal>0.0663652678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-28</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.25 02/28/31</title>
        <cusip>91282CKC4</cusip>
        <identifiers>
          <isin value="US91282CKC46"/>
          <ticker value="T"/>
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        <balance>8500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8790527.32</valUSD>
        <pctVal>1.6063828766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 0 08/15/50</title>
        <cusip>D2R8H4EH8</cusip>
        <identifiers>
          <isin value="DE0001102481"/>
          <ticker value="BKO"/>
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        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>119543.16</valUSD>
        <pctVal>0.0218453431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA6051</title>
        <cusip>3140QDWM2</cusip>
        <identifiers>
          <isin value="US3140QDWM24"/>
          <ticker value="FN"/>
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        <balance>2650163.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2423436.25</valUSD>
        <pctVal>0.4428592680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</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>GFL Environmental Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFLCN 6.75 01/15/31 144A</title>
        <cusip>36168QAQ7</cusip>
        <identifiers>
          <isin value="US36168QAQ73"/>
          <ticker value="GFLCN"/>
        </identifiers>
        <balance>510000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>534904.38</valUSD>
        <pctVal>0.0977485429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.750000000000</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>JAB Holdings B.V.</name>
        <lei>529900RRNKUM3INJGF98</lei>
        <title>JABHOL 5 06/12/33</title>
        <cusip>N4717KBL9</cusip>
        <identifiers>
          <isin value="DE000A3LJPA8"/>
          <ticker value="JABHOL"/>
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        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>605036.44</valUSD>
        <pctVal>0.1105644908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DB V1.75 11/19/30 EMTN</title>
        <cusip>D1T7F65H7</cusip>
        <identifiers>
          <isin value="DE000DL19VS4"/>
          <ticker value="DB"/>
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        <balance>900000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>914995.5</valUSD>
        <pctVal>0.1672064769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-19</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 2 04/14/33 REGS</title>
        <cusip>X7360WBT8</cusip>
        <identifiers>
          <isin value="XS2330503694"/>
          <ticker value="ROMANI"/>
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        <balance>1894000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1639421.62</valUSD>
        <pctVal>0.2995882638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco de Credito Social Cooperativo S.A.</name>
        <lei>95980020140005881190</lei>
        <title>CAJAMA V5.25 11/27/31 EMTN</title>
        <cusip>E1408TAC1</cusip>
        <identifiers>
          <isin value="XS2332590632"/>
          <ticker value="CAJAMA"/>
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        <balance>1000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1113151.89</valUSD>
        <pctVal>0.2034176188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>ENEL Finance International N.V.</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>ENELIM 0.5 06/17/30 EMTN</title>
        <cusip>N30706VA5</cusip>
        <identifiers>
          <isin value="XS2353182293"/>
          <ticker value="ENELIM"/>
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        <balance>682000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>666181.97</valUSD>
        <pctVal>0.1217382383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-17</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>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 1.75 07/13/30 REGS</title>
        <cusip>X7360WBZ4</cusip>
        <identifiers>
          <isin value="XS2364199757"/>
          <ticker value="ROMANI"/>
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        <balance>911000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>865863.22</valUSD>
        <pctVal>0.1582280334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-13</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>Finland (Republic Of)</name>
        <lei>743700M6Y2OQRVSBRD14</lei>
        <title>RFGB 3 09/15/33 10Y</title>
        <cusip>X27717MY4</cusip>
        <identifiers>
          <isin value="FI4000550249"/>
          <ticker value="FINL"/>
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        <balance>150000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>172315.91</valUSD>
        <pctVal>0.0314890469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</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>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF 4.625 01/25/43 EMTN</title>
        <cusip>F3R505JR8</cusip>
        <identifiers>
          <isin value="FR001400FDC8"/>
          <ticker value="EDF"/>
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        <balance>300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>347516.44</valUSD>
        <pctVal>0.0635052299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-25</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>Intel Corporation</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>INTC 5.6 02/21/54</title>
        <cusip>458140CM0</cusip>
        <identifiers>
          <isin value="US458140CM03"/>
          <ticker value="INTC"/>
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        <balance>794000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>773857.3</valUSD>
        <pctVal>0.1414148515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</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>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V6.254 10/23/34</title>
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        <name>ESB Finance Designated Activity Co.</name>
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        <name>NBN Co Ltd.</name>
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      <invstOrSec>
        <name>United States Treasury Bonds</name>
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      <invstOrSec>
        <name>DS Smith PLC</name>
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        <name>Eurofins Scientific SE</name>
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        <name>Eurogrid GmbH</name>
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        <name>Japan (Government Of)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.800000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 0.7 12/20/50 69</title>
        <cusip>J2S39LKG8</cusip>
        <identifiers>
          <isin value="JP1300691M16"/>
          <ticker value="JGB"/>
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        <balance>23950000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>122542.02</valUSD>
        <pctVal>0.0223933554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-20</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>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 3.5 01/22/45</title>
        <cusip>G4527HDA6</cusip>
        <identifiers>
          <isin value="GB00BN65R313"/>
          <ticker value="UKIN"/>
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        <balance>2729140</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>3159237.5</valUSD>
        <pctVal>0.5773197487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-22</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>European Union</name>
        <lei>529900FZRK8FGMPEOM08</lei>
        <title>EU 3.375 11/04/42 NGEU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EU000A3K4DV0"/>
          <ticker value="EU"/>
        </identifiers>
        <balance>429000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>490948.28</valUSD>
        <pctVal>0.0897159956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-04</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>
      <invstOrSec>
        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCEGP V2.125 10/13/46 NC10</title>
        <cusip>F1883FA91</cusip>
        <identifiers>
          <isin value="FR0014005V67"/>
          <ticker value="BPCEGP"/>
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        <balance>1400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1342307.5</valUSD>
        <pctVal>0.2452935648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>ACAFP 4.375 11/27/33 EMTN</title>
        <cusip>F2R125K95</cusip>
        <identifiers>
          <isin value="FR001400M4O2"/>
          <ticker value="ACAFP"/>
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        <balance>1100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1303273.75</valUSD>
        <pctVal>0.2381605289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 3.25 01/31/33</title>
        <cusip>G4527HYX3</cusip>
        <identifiers>
          <isin value="GB00BMV7TC88"/>
          <ticker value="UKIN"/>
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        <balance>1750000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2227036.59</valUSD>
        <pctVal>0.4069691514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-31</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>Mexico (United Mexican States)</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>MBONO 5.5 03/04/27 M</title>
        <cusip>P4R07XP34</cusip>
        <identifiers>
          <isin value="MX0MGO0001C8"/>
          <ticker value="MEX"/>
        </identifiers>
        <balance>259800000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="0.050787"/>
        <valUSD>12151224.76</valUSD>
        <pctVal>2.2205174586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-04</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>New Zealand (Government Of)</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>NZGB 4.25 05/15/34 0534</title>
        <cusip>Q54627FF8</cusip>
        <identifiers>
          <isin value="NZGOVDT534C4"/>
          <ticker value="NZTB"/>
        </identifiers>
        <balance>600000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="0.6353"/>
        <valUSD>381015.16</valUSD>
        <pctVal>0.0696267933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</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>New South Wales Treasury Corporation</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>NSWTC 2 03/08/33</title>
        <cusip>Q6715PB65</cusip>
        <identifiers>
          <isin value="AU3SG0002082"/>
          <ticker value="NSWTC"/>
        </identifiers>
        <balance>1961000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>1111213</valUSD>
        <pctVal>0.2030633056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-08</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>Peru (Republic Of)</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERUGB 7.3 08/12/33</title>
        <cusip>P6S32DFH1</cusip>
        <identifiers>
          <isin value="PEP01000C5I0"/>
          <ticker value="PERU"/>
        </identifiers>
        <balance>7220000</balance>
        <units>NS</units>
        <currencyConditional curCd="PEN" exchangeRt="0.269771"/>
        <valUSD>2105714.5</valUSD>
        <pctVal>0.3847987263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.300000000000</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"/>
        </identifiers>
        <balance>654000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>702510.37</valUSD>
        <pctVal>0.1283768980</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Treasury Corporation of Victoria</name>
        <lei>549300ZJM7BQW1P9UV75</lei>
        <title>TCV 4.75 09/15/36 MTN</title>
        <cusip>Q9194YRJ5</cusip>
        <identifiers>
          <isin value="AU3SG0002710"/>
          <ticker value="TCV"/>
        </identifiers>
        <balance>4733000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>3180823.25</valUSD>
        <pctVal>0.5812643333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore (Republic of)</name>
        <lei>549300ZSV6VOGFH1ER70</lei>
        <title>SIGB 3.375 09/01/33</title>
        <cusip>V81778CZ9</cusip>
        <identifiers>
          <isin value="SG3261987691"/>
          <ticker value="SIGB"/>
        </identifiers>
        <balance>630000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="0.778059"/>
        <valUSD>519391.56</valUSD>
        <pctVal>0.0949137268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</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>
      <invstOrSec>
        <name>Permanent TSB Group Holdings PLC</name>
        <lei>635400DTNHVYGZODKQ93</lei>
        <title>PTSB V3 08/19/31 EMTN</title>
        <cusip>G7015DAD4</cusip>
        <identifiers>
          <isin value="XS2321520525"/>
          <ticker value="PTSB"/>
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        <balance>281000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>306564.79</valUSD>
        <pctVal>0.0560217165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-19</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>Autostrade per l'Italia S.p.A.</name>
        <lei>815600149448CEB9B230</lei>
        <title>ATOSTR 2.25 01/25/32 EMTN</title>
        <cusip>T0R553AK3</cusip>
        <identifiers>
          <isin value="XS2434702853"/>
          <ticker value="ATOSTR"/>
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        <balance>1009000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1013060.26</valUSD>
        <pctVal>0.1851268525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-25</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>VW V4.625 PERP</title>
        <cusip>N9373NHS6</cusip>
        <identifiers>
          <isin value="XS1799939027"/>
          <ticker value="VW"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>108560.47</valUSD>
        <pctVal>0.0198383639</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>4.625000000000</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>Wintershall Dea Finance 2 B.V.</name>
        <lei>529900DV88FUQZSVVL48</lei>
        <title>HBRLN V3 PERP NC8</title>
        <cusip>N963A2AA6</cusip>
        <identifiers>
          <isin value="XS2286041947"/>
          <ticker value="HBRLN"/>
        </identifiers>
        <balance>900000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>925571.88</valUSD>
        <pctVal>0.1691392069</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>3.000000000000</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>Carlsberg Breweries A/S</name>
        <lei>5493008YL42784DMWN61</lei>
        <title>CARLB 4.25 10/05/33 EMTN</title>
        <cusip>K3662HDX8</cusip>
        <identifiers>
          <isin value="XS2696089197"/>
          <ticker value="CARLB"/>
        </identifiers>
        <balance>1420000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1680311.96</valUSD>
        <pctVal>0.3070605735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-05</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>BNI (Finance) BV</name>
        <lei>636700OS71V1HAQHB380</lei>
        <title>CCEP 3.875 12/01/30</title>
        <cusip>N1R31QAA7</cusip>
        <identifiers>
          <isin value="XS2726461986"/>
          <ticker value="CCEP"/>
        </identifiers>
        <balance>253000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>292209.86</valUSD>
        <pctVal>0.0533984934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</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>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>NGGLN 0.75 09/01/33 EMTN</title>
        <cusip>G6S98DGA6</cusip>
        <identifiers>
          <isin value="XS2381853436"/>
          <ticker value="NGGLN"/>
        </identifiers>
        <balance>1150000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1010340.94</valUSD>
        <pctVal>0.1846299234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thames Water Utilities Finance PLC</name>
        <lei>213800ESMPQ4RQ7G8351</lei>
        <title>THAMES 4.375 01/18/31 EMTN</title>
        <cusip>G8787BBK5</cusip>
        <identifiers>
          <isin value="XS2576550672"/>
          <ticker value="THAMES"/>
        </identifiers>
        <balance>882000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>711955.03</valUSD>
        <pctVal>0.1301028172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</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>Linde PLC</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>LIN 1.625 03/31/35</title>
        <cusip>G5494JAD5</cusip>
        <identifiers>
          <isin value="XS2463961677"/>
          <ticker value="LIN"/>
        </identifiers>
        <balance>900000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>860177</valUSD>
        <pctVal>0.1571889323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</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>Banco Santander, S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>SANTAN 4.875 10/18/31 EMTN</title>
        <cusip>E2R99D2E4</cusip>
        <identifiers>
          <isin value="XS2705604234"/>
          <ticker value="SANTAN"/>
        </identifiers>
        <balance>800000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>965641.44</valUSD>
        <pctVal>0.1764615270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RBIAV V4.625 08/21/29 EMTN</title>
        <cusip>A6S36JBK7</cusip>
        <identifiers>
          <isin value="XS2765027193"/>
          <ticker value="RBIAV"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>457785.94</valUSD>
        <pctVal>0.0836559024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.625 02/22/36 144A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2771480139"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>1089000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1205264.25</valUSD>
        <pctVal>0.2202502515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</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>Medtronic, Inc.</name>
        <lei>D56MRZY2INAN94ZONZ37</lei>
        <title>MDT 4.15 10/15/43</title>
        <cusip>585055BX3</cusip>
        <identifiers>
          <isin value="XS2834367992"/>
          <ticker value="MDT"/>
        </identifiers>
        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>817840.94</valUSD>
        <pctVal>0.1494524315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.150000000000</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>Autostrade per l'Italia S.p.A.</name>
        <lei>815600149448CEB9B230</lei>
        <title>ATOSTR 4.625 02/28/36 EMTN</title>
        <cusip>T0R553AP2</cusip>
        <identifiers>
          <isin value="XS2775027472"/>
          <ticker value="ATOSTR"/>
        </identifiers>
        <balance>349000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>401982.26</valUSD>
        <pctVal>0.0734583257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>Medtronic, Inc.</name>
        <lei>D56MRZY2INAN94ZONZ37</lei>
        <title>MDT 4.15 10/15/53</title>
        <cusip>585055BY1</cusip>
        <identifiers>
          <isin value="XS2834368453"/>
          <ticker value="MDT"/>
        </identifiers>
        <balance>498000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>573740.8</valUSD>
        <pctVal>0.1048455187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.150000000000</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>MSD Netherlands Capital BV</name>
        <lei>724500V56VDH8898Q807</lei>
        <title>MRK 3.7 05/30/44</title>
        <cusip>N59340AC8</cusip>
        <identifiers>
          <isin value="XS2825486074"/>
          <ticker value="MRK"/>
        </identifiers>
        <balance>490000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>551640.69</valUSD>
        <pctVal>0.1008069398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-30</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.25 05/30/32 144a</title>
        <cusip>X7360WCX8</cusip>
        <identifiers>
          <isin value="XS2829703680"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>1356000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1515550.22</valUSD>
        <pctVal>0.2769519772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>Aptiv PLC / Aptiv Global Financing DAC</name>
        <lei>254900HTTDFIJZ32GX53</lei>
        <title>APTV 4.25 06/11/36</title>
        <cusip>03837EAA0</cusip>
        <identifiers>
          <isin value="XS2839195877"/>
          <ticker value="APTV"/>
        </identifiers>
        <balance>640000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>718956</valUSD>
        <pctVal>0.1313821760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>Amcor UK Finance PLC</name>
        <lei>549300DEUV6BE727FP17</lei>
        <title>AMCR 3.95 05/29/32</title>
        <cusip>0234EVAB7</cusip>
        <identifiers>
          <isin value="XS2821714735"/>
          <ticker value="AMCR"/>
        </identifiers>
        <balance>768000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>872344.56</valUSD>
        <pctVal>0.1594124349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.950000000000</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>Becton Dickinson Euro Finance S.A.R.L.</name>
        <lei>549300W40NLZ25XUTH09</lei>
        <title>BDX 4.029 06/07/36</title>
        <cusip>L076BMAC0</cusip>
        <identifiers>
          <isin value="XS2838924848"/>
          <ticker value="BDX"/>
        </identifiers>
        <balance>732000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>844319.06</valUSD>
        <pctVal>0.1542910489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.029000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Africa (Republic of)</name>
        <lei>378900AAFB4F17004C49</lei>
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          <isin value="ZAG000107012"/>
          <ticker value="SOAF"/>
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        <pctVal>0.3735315127</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Alimentation Couche-Tard Inc.</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>ATDBCN 4.011 02/12/36 144A</title>
        <cusip>ZF8249715</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.011000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Endurlan Rikissjods</name>
        <lei>254900IPCJWRC6XAJN15</lei>
        <title>ICEGB 7 09/17/35</title>
        <cusip>X20146BU3</cusip>
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          <isin value="IS0000035574"/>
          <ticker value="ICETB"/>
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        <balance>141644768</balance>
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        <currencyConditional curCd="ISK" exchangeRt="0.007397"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IS</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS 0.875 11/03/31</title>
        <cusip>H42097CN5</cusip>
        <identifiers>
          <isin value="CH1142231690"/>
          <ticker value="UBS"/>
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        <balance>519000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.0891346423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.875000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Utilities Water Finance PLC</name>
        <lei>213800313INX42GDLR44</lei>
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        <cusip>G929RZBK1</cusip>
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          <isin value="XS2771661357"/>
          <ticker value="UU"/>
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        <balance>1021000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>01F0526A5</cusip>
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          <isin value="US01F0526A56"/>
          <ticker value="FNMA"/>
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        <balance>2170000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2195127.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>BALLYROCK CLO 24 LTD</name>
        <lei>N/A</lei>
        <title>BALLY 2023-24A A1</title>
        <cusip>05875AAA6</cusip>
        <identifiers>
          <isin value="US05875AAA60"/>
          <ticker value="BALLY"/>
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        <balance>545000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546350</valUSD>
        <pctVal>0.0998401180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.098560000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corporacion Nacional del Cobre de Chile</name>
        <lei>549300UVMBCBCIPSUI70</lei>
        <title>CDEL 5.95 01/08/34 144A</title>
        <cusip>21987BBG2</cusip>
        <identifiers>
          <isin value="US21987BBG23"/>
          <ticker value="CDEL"/>
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        <balance>540000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>568153.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.950000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H0606A4</cusip>
        <identifiers>
          <isin value="US21H0606A46"/>
          <ticker value="GNR"/>
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        <balance>5220000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5308438.5</valUSD>
        <pctVal>0.9700652074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V8.5 01/15/84</title>
        <cusip>29250NBT1</cusip>
        <identifiers>
          <isin value="US29250NBT19"/>
          <ticker value="ENBCN"/>
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        <balance>480000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>536879.06</valUSD>
        <pctVal>0.0981093963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS KL3W AFLW</title>
        <cusip>3137FJF20</cusip>
        <identifiers>
          <isin value="US3137FJF209"/>
          <ticker value="FHLMC"/>
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        <balance>398420.25</balance>
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        <curCd>USD</curCd>
        <valUSD>398961.06</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.710560000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CB9205</title>
        <cusip>3140QVGP3</cusip>
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          <ticker value="FN"/>
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        <curCd>USD</curCd>
        <valUSD>1759339</valUSD>
        <pctVal>0.3215019920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Kroger Co.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KR 5.65 09/15/64</title>
        <cusip>501044DX6</cusip>
        <identifiers>
          <isin value="US501044DX60"/>
          <ticker value="KR"/>
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        <balance>815000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>819318.09</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.650000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>499421.66</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>445358.41</valUSD>
        <pctVal>0.0813848928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.276530000000</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>Agco Corporation</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
        <title>AGCO 5.8 03/21/34</title>
        <cusip>001084AS1</cusip>
        <identifiers>
          <isin value="US001084AS13"/>
          <ticker value="AGCO"/>
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        <balance>450000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470563.44</valUSD>
        <pctVal>0.0859908655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALIGNED DATA CENTERS ISSUER LLC</name>
        <lei>N/A</lei>
        <title>ADC 2023-1A A2</title>
        <cusip>01627AAD0</cusip>
        <identifiers>
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          <ticker value="ADC"/>
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        <balance>397000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405389.72</valUSD>
        <pctVal>0.0740810057</pctVal>
        <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>
          <annualizedRt>6.000000000000</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>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA-30YR</title>
        <cusip>01F0226A8</cusip>
        <identifiers>
          <isin value="US01F0226A83"/>
          <ticker value="FNMA"/>
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        <balance>3790000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3271097.81</valUSD>
        <pctVal>0.5977611261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</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>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>AESOP 2023-4A A</title>
        <cusip>05377RGY4</cusip>
        <identifiers>
          <isin value="US05377RGY45"/>
          <ticker value="AESOP"/>
        </identifiers>
        <balance>370000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380606.5</valUSD>
        <pctVal>0.0695521147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.490000000000</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>Brass No 10 PLC</name>
        <lei>213800UCE3NFG8SQKH09</lei>
        <title>BRASS 10A A1</title>
        <cusip>10554PAA1</cusip>
        <identifiers>
          <isin value="US10554PAA12"/>
          <ticker value="BRASS"/>
        </identifiers>
        <balance>56385</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56046.63</valUSD>
        <pctVal>0.0102419734</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>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>522885.28</valUSD>
        <pctVal>0.0955521699</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>Citizens Financial Group Inc</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CFG V5.841 01/23/30</title>
        <cusip>174610BF1</cusip>
        <identifiers>
          <isin value="US174610BF15"/>
          <ticker value="CFG"/>
        </identifiers>
        <balance>1190000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1237921.75</valUSD>
        <pctVal>0.2262180902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.841000000000</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>Comerica Incorporated</name>
        <lei>I9Q57JVPWHHZ3ZGBW498</lei>
        <title>CMA V5.982 01/30/30</title>
        <cusip>200340AW7</cusip>
        <identifiers>
          <isin value="US200340AW72"/>
          <ticker value="CMA"/>
        </identifiers>
        <balance>440000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>453589.56</valUSD>
        <pctVal>0.0828890550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.982000000000</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>PUREWEST FUNDING LLC</name>
        <lei>549300CU0IQI7FATI376</lei>
        <title>PUREW 2021-1 A1</title>
        <cusip>746245AA7</cusip>
        <identifiers>
          <isin value="US746245AA76"/>
          <ticker value="PUREW"/>
        </identifiers>
        <balance>159386.16</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156505.48</valUSD>
        <pctVal>0.0285998455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.091000000000</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>Regions Financial Corporation</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>RF V5.502 09/06/35</title>
        <cusip>7591EPAV2</cusip>
        <identifiers>
          <isin value="US7591EPAV24"/>
          <ticker value="RF"/>
        </identifiers>
        <balance>830000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>844634.13</valUSD>
        <pctVal>0.1543486248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.502000000000</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 Bow Canadian Infrastructure Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>SOUBOW V7.5 03/01/55 144A</title>
        <cusip>836720AH5</cusip>
        <identifiers>
          <isin value="US836720AH56"/>
          <ticker value="SOUBOW"/>
        </identifiers>
        <balance>440000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>462270.61</valUSD>
        <pctVal>0.0844754319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</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>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>463257.81</valUSD>
        <pctVal>0.0846558331</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>G2-30YR-Multi</title>
        <cusip>21H0626A0</cusip>
        <identifiers>
          <isin value="US21H0626A00"/>
          <ticker value="GNR"/>
        </identifiers>
        <balance>3500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3580972.75</valUSD>
        <pctVal>0.6543877401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.500000000000</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>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN CA7025</title>
        <cusip>3140QEYX4</cusip>
        <identifiers>
          <isin value="US3140QEYX44"/>
          <ticker value="FN"/>
        </identifiers>
        <balance>3718506.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3283007.25</valUSD>
        <pctVal>0.5999374598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</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>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS V9.016 11/15/33 144A</title>
        <cusip>225401BB3</cusip>
        <identifiers>
          <isin value="US225401BB38"/>
          <ticker value="UBS"/>
        </identifiers>
        <balance>830000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1048838.25</valUSD>
        <pctVal>0.1916649302</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CYRUSONE DATA CENTERS ISSUER I LLC</name>
        <lei>N/A</lei>
        <title>CYRUS 2023-1A B</title>
        <cusip>23284BAC8</cusip>
        <identifiers>
          <isin value="US23284BAC81"/>
          <ticker value="CYRUS"/>
        </identifiers>
        <balance>115277.62</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113962.6</valUSD>
        <pctVal>0.0208255503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</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>USD/CNH CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 7.3</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9A54U"/>
        </identifiers>
        <balance>-1371000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-161.78</valUSD>
        <pctVal>-0.0000295637</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX CALL OPTION @ 7.3</issuerName>
                <issueTitle>FX CALL OPTION @ 7.3</issueTitle>
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                  <cusip value="N/A"/>
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            </descRefInstrmnt>
            <shareNo>-1371000</shareNo>
            <exercisePrice>7.300000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-11-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2055.13</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITRAXX EUROPE SERIES 42</name>
        <lei>N/A</lei>
        <title>CDX OPTIONS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MXDESU"/>
        </identifiers>
        <balance>49800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45739.39</valUSD>
        <pctVal>0.0083584261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swaption" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="SWO">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CDX OPTIONS</issuerName>
                <issueTitle>CDX OPTIONS</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>49800000</shareNo>
            <exercisePrice>0.725000000000</exercisePrice>
            <exercisePriceCurCd>EUR</exercisePriceCurCd>
            <expDt>2024-11-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-9695.58</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR RA8715</title>
        <cusip>3133KQVG8</cusip>
        <identifiers>
          <isin value="US3133KQVG80"/>
          <ticker value="FHLMC"/>
        </identifiers>
        <balance>2408797.75</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2408756</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>Ford Auto Securitization Trust II</name>
        <lei>549300OMOD4L2OWKWN21</lei>
        <title>FASTR 2022-AA A3</title>
        <cusip>345214AE0</cusip>
        <identifiers>
          <isin value="CA345214AE07"/>
          <ticker value="FASTR"/>
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        <balance>1232000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.739399"/>
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        <pctVal>0.1712559654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Company LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 7.122 11/07/33</title>
        <cusip>345397D67</cusip>
        <identifiers>
          <isin value="US345397D674"/>
          <ticker value="F"/>
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        <balance>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216220.33</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.122000000000</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>Israel (State Of)</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>ISRAEL 5.5 03/12/34 10Y</title>
        <cusip>46514BRL3</cusip>
        <identifiers>
          <isin value="US46514BRL35"/>
          <ticker value="ISRAEL"/>
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        <balance>1297000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1300002.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Company</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>HPE 5.6 10/15/54</title>
        <cusip>42824CBW8</cusip>
        <identifiers>
          <isin value="US42824CBW82"/>
          <ticker value="HPE"/>
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        <balance>488000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479079.5</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>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.600000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust 2018-Sfr4</name>
        <lei>N/A</lei>
        <title>IHSFR 2018-SFR4 A</title>
        <cusip>46187XAA3</cusip>
        <identifiers>
          <isin value="US46187XAA37"/>
          <ticker value="IHSFR"/>
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        <balance>391920.81</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392094</valUSD>
        <pctVal>0.0716513429</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>6.551479500000</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>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 1.7 08/15/32</title>
        <cusip>D2R8H4JD2</cusip>
        <identifiers>
          <isin value="DE0001102606"/>
          <ticker value="BKO"/>
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        <balance>505000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>550629.06</valUSD>
        <pctVal>0.1006220743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</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>
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      <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"/>
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        <balance>3275000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3161804.94</valUSD>
        <pctVal>0.5777889232</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>
        <name>M&amp;T Bank Corporation</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>MTB V6.082 03/13/32</title>
        <cusip>55261FAT1</cusip>
        <identifiers>
          <isin value="US55261FAT12"/>
          <ticker value="MTB"/>
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        <balance>1270000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1344091.85</valUSD>
        <pctVal>0.2456196374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.082000000000</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>Peru (Republic Of)</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>PERU 7.6 08/12/39 144A</title>
        <cusip>715638EA6</cusip>
        <identifiers>
          <isin value="US715638EA64"/>
          <ticker value="PERU"/>
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        <balance>5640000</balance>
        <units>NS</units>
        <currencyConditional curCd="PEN" exchangeRt="0.269771"/>
        <valUSD>1659980.63</valUSD>
        <pctVal>0.3033452218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.600000000000</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>Royalty Pharma PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>RPRX 5.9 09/02/54</title>
        <cusip>78081BAS2</cusip>
        <identifiers>
          <isin value="US78081BAS25"/>
          <ticker value="RPRX"/>
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        <balance>670000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>694111.06</valUSD>
        <pctVal>0.1268420063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.900000000000</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>USD/INR CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 84.8</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9KURU"/>
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        <balance>-1222500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-185.82</valUSD>
        <pctVal>-0.0000339568</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issueTitle>FX CALL OPTION @ 84.8</issueTitle>
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            <shareNo>-1222500</shareNo>
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      <invstOrSec>
        <name>USD/INR CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 84.1</title>
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        <identifiers>
          <other otherDesc="Cusip" value="AA9M9KUTU"/>
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        <balance>815000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>672.38</valUSD>
        <pctVal>0.0001228709</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS INTERNATIONAL</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>FX CALL OPTION @ 84.1</issuerName>
                <issueTitle>FX CALL OPTION @ 84.1</issueTitle>
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            <shareNo>815000</shareNo>
            <exercisePrice>84.100000000000</exercisePrice>
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            <expDt>2024-10-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1982.71</unrealizedAppr>
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      <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>1410000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>1681157.78</valUSD>
        <pctVal>0.3072151388</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>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"/>
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        <balance>1000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>722724.13</valUSD>
        <pctVal>0.1320707649</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIFP 4.5 09/06/42 EMTN</title>
        <cusip>F3R09S2F4</cusip>
        <identifiers>
          <isin value="FR001400KHI6"/>
          <ticker value="ENGIFP"/>
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        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>468794.56</valUSD>
        <pctVal>0.0856676200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-06</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Indigo Group SAS</name>
        <lei>213800H5J9NKEXSUQX44</lei>
        <title>VPARKI 4.5 04/18/30</title>
        <cusip>F5197NAD7</cusip>
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          <isin value="FR001400LCK1"/>
          <ticker value="VPARKI"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-18</maturityDt>
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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>
        <identifiers>
          <isin value="GB00B24FF097"/>
          <ticker value="UKIN"/>
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        <balance>569541</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP1300811Q17"/>
          <ticker value="JGB"/>
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        <balance>606049984</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3769127.19</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.600000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.2 03/20/64 17</title>
        <cusip>J2S39L2J2</cusip>
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          <isin value="JP1400171Q50"/>
          <ticker value="JGB"/>
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        <balance>132350000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.200000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Banque Federative du Credit Mutuel</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BFCM 4.75 11/10/31 EMTN</title>
        <cusip>F07337PG1</cusip>
        <identifiers>
          <isin value="FR001400LWN3"/>
          <ticker value="BFCM"/>
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        <balance>1200000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1436591.13</valUSD>
        <pctVal>0.2625229759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ireland (Republic Of)</name>
        <lei>549300KXBEJAOJ9OVF93</lei>
        <title>IRISH 2.6 10/18/34</title>
        <cusip>G4R49GBB8</cusip>
        <identifiers>
          <isin value="IE000LQ7YWY4"/>
          <ticker value="IRELND"/>
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        <balance>450000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>506172.97</valUSD>
        <pctVal>0.0924981588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.600000000000</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>The Kroger Co.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KR 5.5 09/15/54</title>
        <cusip>501044DW8</cusip>
        <identifiers>
          <isin value="US501044DW87"/>
          <ticker value="KR"/>
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        <balance>664000</balance>
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        <curCd>USD</curCd>
        <valUSD>668252.45</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>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Public Service Enterprise Group Incorporated</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>PEG 5.45 04/01/34</title>
        <cusip>744573AZ9</cusip>
        <identifiers>
          <isin value="US744573AZ90"/>
          <ticker value="PEG"/>
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        <balance>172000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179143.92</valUSD>
        <pctVal>0.0327367990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 2.2 06/20/54 83</title>
        <cusip>J2S39L3F9</cusip>
        <identifiers>
          <isin value="JP1300831Q70"/>
          <ticker value="JGB"/>
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        <balance>880000016</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>6262893.75</valUSD>
        <pctVal>1.1444825676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-20</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>
        <name>Heimstaden Bostad Treasury BV</name>
        <lei>549300ORG6UYMJBCV938</lei>
        <title>HEIBOS 1.625 10/13/31 EMTN</title>
        <cusip>N39310AJ1</cusip>
        <identifiers>
          <isin value="XS2397252011"/>
          <ticker value="HEIBOS"/>
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        <balance>244000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>217327.98</valUSD>
        <pctVal>0.0397145624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.625000000000</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>Korea (Republic Of)</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>KTB 3.125 09/10/52 5209</title>
        <cusip>Y7277FV64</cusip>
        <identifiers>
          <isin value="KR103502GC99"/>
          <ticker value="KOREA"/>
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        <balance>1030000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="0.000765"/>
        <valUSD>815121.19</valUSD>
        <pctVal>0.1489554238</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stellantis N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STLA 1.25 06/20/33 EMTN</title>
        <cusip>N82405AG1</cusip>
        <identifiers>
          <isin value="XS2356041165"/>
          <ticker value="STLA"/>
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        <balance>110000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>98155.73</valUSD>
        <pctVal>0.0179369995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.250000000000</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>Slovak (Republic of)</name>
        <lei>097900BHFM0000074794</lei>
        <title>SLOVGB 1 10/13/51 243</title>
        <cusip>X5S008DC6</cusip>
        <identifiers>
          <isin value="SK4000019857"/>
          <ticker value="SLOVAK"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>731024.47</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-13</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>Deutsche Bahn Finance GmbH (Berlin)</name>
        <lei>52990002BAIDUAIIYU29</lei>
        <title>DBHNGR 1.875 05/24/30 EMTN</title>
        <cusip>D1T0VZDP3</cusip>
        <identifiers>
          <isin value="XS2484327999"/>
          <ticker value="DBHNGR"/>
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        <balance>892000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>954209.16</valUSD>
        <pctVal>0.1743723897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-24</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>East Japan Railway Co.</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>EJRAIL 4.389 09/05/43 EMTN</title>
        <cusip>J1257MKC2</cusip>
        <identifiers>
          <isin value="XS2673437484"/>
          <ticker value="EJRAIL"/>
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        <balance>443000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>533633.63</valUSD>
        <pctVal>0.0975163257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.389000000000</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>SW (Finance) I PLC</name>
        <lei>549300BHN1HB5BNG2R96</lei>
        <title>SWSFIN 7.375 12/12/41</title>
        <cusip>G3310QAA2</cusip>
        <identifiers>
          <isin value="XS2731297235"/>
          <ticker value="SWSFIN"/>
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        <balance>275000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>325296.16</valUSD>
        <pctVal>0.0594446911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.375000000000</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>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLGB 3.25 07/25/25 0725</title>
        <cusip>X8T024MN2</cusip>
        <identifiers>
          <isin value="PL0000108197"/>
          <ticker value="POLAND"/>
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        <currencyConditional curCd="PLN" exchangeRt="0.259808"/>
        <valUSD>596952.5</valUSD>
        <pctVal>0.1090872298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="604601.580000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>VW V3.875 PERP</title>
        <cusip>N93695NF2</cusip>
        <identifiers>
          <isin value="XS1629774230"/>
          <ticker value="VW"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>107965.83</valUSD>
        <pctVal>0.0197296993</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>3.875000000000</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>Wintershall Dea Finance B.V.</name>
        <lei>529900SUC9JUI6M74U66</lei>
        <title>HBRLN 1.823 09/25/31</title>
        <cusip>N9639XAD4</cusip>
        <identifiers>
          <isin value="XS2055079904"/>
          <ticker value="HBRLN"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>385537.94</valUSD>
        <pctVal>0.0704532871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.823000000000</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>Cellnex Finance Company S.A.U.</name>
        <lei>549300OUROMFTRFA7T23</lei>
        <title>CLNXSM 2 09/15/32 EMTN</title>
        <cusip>E2R41NAE2</cusip>
        <identifiers>
          <isin value="XS2385393587"/>
          <ticker value="CLNXSM"/>
        </identifiers>
        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>697437.96</valUSD>
        <pctVal>0.1274499647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 4.5 11/15/33</title>
        <cusip>91282CJJ1</cusip>
        <identifiers>
          <isin value="US91282CJJ18"/>
          <ticker value="T"/>
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        <balance>463000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488953.31</valUSD>
        <pctVal>0.0893514343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2023-4</name>
        <lei>2138008DC17PCNG48R87</lei>
        <title>VERUS 2023-4 A1</title>
        <cusip>92539TAA1</cusip>
        <identifiers>
          <isin value="US92539TAA16"/>
          <ticker value="VERUS"/>
        </identifiers>
        <balance>232213.42</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233718.95</valUSD>
        <pctVal>0.0427098518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.811000000000</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>Volkswagen Leasing GmbH</name>
        <lei>5299004GLEUX88BSNB74</lei>
        <title>VW 4.75 09/25/31 EMTN</title>
        <cusip>D9T70CNL4</cusip>
        <identifiers>
          <isin value="XS2694874533"/>
          <ticker value="VW"/>
        </identifiers>
        <balance>317000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>371644.61</valUSD>
        <pctVal>0.0679144170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.125 09/24/31 144A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2908712040"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>2104000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2352721</valUSD>
        <pctVal>0.4299367479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</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>URWFP 4.125 09/20/28 144A</title>
        <cusip>92928QAE8</cusip>
        <identifiers>
          <isin value="US92928QAE89"/>
          <ticker value="URWFP"/>
        </identifiers>
        <balance>125000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121700.88</valUSD>
        <pctVal>0.0222396453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-20</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>US 5YR FUTURE OPTION</name>
        <lei>N/A</lei>
        <title>US 5YR FUTURE OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9WVGU"/>
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        <balance>-307</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-7195.47</valUSD>
        <pctVal>-0.0013149018</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 5YR FUTURE OPTION</issuerName>
                <issueTitle>US 5YR FUTURE OPTION</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-307</shareNo>
            <exercisePrice>107.750000000000</exercisePrice>
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            <expDt>2024-11-24</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>19187.34</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea (Republic Of)</name>
        <lei>549300O0QCVSQGPGDT58</lei>
        <title>KTB 4.25 12/10/32 3212</title>
        <cusip>Y7277FV80</cusip>
        <identifiers>
          <isin value="KR103502GCC8"/>
          <ticker value="KOREA"/>
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        <balance>12384899840</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="0.000765"/>
        <valUSD>10282430.88</valUSD>
        <pctVal>1.8790136581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-10</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>
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      </invstOrSec>
      <invstOrSec>
        <name>EUR/CHF CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 0.933</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MX3DKU"/>
        </identifiers>
        <balance>-624000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-7305.87</valUSD>
        <pctVal>-0.0013350763</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX CALL OPTION @ 0.933</issuerName>
                <issueTitle>FX CALL OPTION @ 0.933</issueTitle>
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                  <cusip value="N/A"/>
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            <shareNo>-624000</shareNo>
            <exercisePrice>0.933000000000</exercisePrice>
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            <expDt>2024-10-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1691.02</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Belgium (Kingdom Of)</name>
        <lei>549300SZ25JZFHRHWD76</lei>
        <title>BGB 3 06/22/33 97</title>
        <cusip>B1121KHX6</cusip>
        <identifiers>
          <isin value="BE0000357666"/>
          <ticker value="BELG"/>
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        <balance>1518000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1737345</valUSD>
        <pctVal>0.3174828036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-22</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>Canada (Government of)</name>
        <lei>4BFD7AQU0A75QLAHK410</lei>
        <title>CAN 3.25 09/01/28</title>
        <cusip>135087Q49</cusip>
        <identifiers>
          <isin value="CA135087Q491"/>
          <ticker value="CANADA"/>
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        <balance>2150000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.739399"/>
        <valUSD>1619196.63</valUSD>
        <pctVal>0.2958923448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amprion GmbH</name>
        <lei>529900ZIV0ETYHYZM863</lei>
        <title>AMPRIO 3.625 05/21/31 EMTN</title>
        <cusip>D03614BM1</cusip>
        <identifiers>
          <isin value="DE000A383BP6"/>
          <ticker value="AMPRIO"/>
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        <balance>1000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1140752.5</valUSD>
        <pctVal>0.2084613603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</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>COLT 2023-2 MORTGAGE LOAN TRUST</name>
        <lei>213800IHRVKO9R6JZ883</lei>
        <title>COLT 2023-2 A1</title>
        <cusip>12598UAA4</cusip>
        <identifiers>
          <isin value="US12598UAA43"/>
          <ticker value="COLT"/>
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        <balance>261734.56</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>265840.56</valUSD>
        <pctVal>0.0485797618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.596000700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS 5.05 03/25/48</title>
        <cusip>126650CZ1</cusip>
        <identifiers>
          <isin value="US126650CZ11"/>
          <ticker value="CVS"/>
        </identifiers>
        <balance>360000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>328582.66</valUSD>
        <pctVal>0.0600452668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-25</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V5.411 09/19/39</title>
        <cusip>17327CAU7</cusip>
        <identifiers>
          <isin value="US17327CAU71"/>
          <ticker value="C"/>
        </identifiers>
        <balance>1287000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1283369.25</valUSD>
        <pctVal>0.2345231762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.411000000000</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>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>FANG 5.4 04/18/34</title>
        <cusip>25278XAZ2</cusip>
        <identifiers>
          <isin value="US25278XAZ24"/>
          <ticker value="FANG"/>
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        <balance>243000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>248066.22</valUSD>
        <pctVal>0.0453316751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.400000000000</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6.05 09/01/54</title>
        <cusip>29273VBB5</cusip>
        <identifiers>
          <isin value="US29273VBB53"/>
          <ticker value="ET"/>
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        <balance>488000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>505542.63</valUSD>
        <pctVal>0.0923829703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.050000000000</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>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD7526</title>
        <cusip>3132DVLF0</cusip>
        <identifiers>
          <isin value="US3132DVLF03"/>
          <ticker value="FHLMC"/>
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        <balance>1088070.88</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>955619.5</valUSD>
        <pctVal>0.1746301155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</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>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN FS5928</title>
        <cusip>3140XMSS6</cusip>
        <identifiers>
          <isin value="US3140XMSS65"/>
          <ticker value="FN"/>
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        <balance>1721968</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1501660.13</valUSD>
        <pctVal>0.2744136991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</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>
        <name>ICON Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>ICLR 5.849 05/08/29</title>
        <cusip>45115AAB0</cusip>
        <identifiers>
          <isin value="US45115AAB08"/>
          <ticker value="ICLR"/>
        </identifiers>
        <balance>633000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>665291.88</valUSD>
        <pctVal>0.1215755830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.849000000000</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>ICON Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>ICLR 6 05/08/34</title>
        <cusip>45115AAC8</cusip>
        <identifiers>
          <isin value="US45115AAC80"/>
          <ticker value="ICLR"/>
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        <balance>440000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>468095.52</valUSD>
        <pctVal>0.0855398773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-08</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>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>OBL 2.4 10/19/28 188</title>
        <cusip>D2R8H4KD0</cusip>
        <identifiers>
          <isin value="DE000BU25018"/>
          <ticker value="BKO"/>
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        <balance>284000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>321907</valUSD>
        <pctVal>0.0588253553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.400000000000</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>France (Republic Of)</name>
        <lei>969500KCGF3SUYJHPV70</lei>
        <title>FRTR 3 05/25/33 OAT</title>
        <cusip>F26348BQ8</cusip>
        <identifiers>
          <isin value="FR001400H7V7"/>
          <ticker value="FRTR"/>
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        <balance>2400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2713238.38</valUSD>
        <pctVal>0.4958177724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-25</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>
        <name>Inversiones CMPC SA</name>
        <lei>549300G475ACIABB4385</lei>
        <title>CMPCCI 6.125 06/23/33 144A</title>
        <cusip>46128MAS0</cusip>
        <identifiers>
          <isin value="US46128MAS08"/>
          <ticker value="CMPCCI"/>
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        <balance>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211911.59</valUSD>
        <pctVal>0.0387247701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-23</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>
        <name>ishares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ishares Trust IBOXX INV CP ETF</title>
        <cusip>464287242</cusip>
        <identifiers>
          <isin value="US4642872422"/>
          <ticker value="LQD"/>
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        <balance>30338</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3427587.25</valUSD>
        <pctVal>0.6263580404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Poland (Republic of)</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>POLAND 5.5 03/18/54</title>
        <cusip>731011AZ5</cusip>
        <identifiers>
          <isin value="US731011AZ55"/>
          <ticker value="POLAND"/>
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        <balance>639000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>652620.31</valUSD>
        <pctVal>0.1192599776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>Stack Infrastructure Issuer Llc</name>
        <lei>N/A</lei>
        <title>SIDC 2023-1A A2</title>
        <cusip>85236KAF9</cusip>
        <identifiers>
          <isin value="US85236KAF93"/>
          <ticker value="SIDC"/>
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        <balance>156000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157713.44</valUSD>
        <pctVal>0.0288205884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.900000000000</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>
        <name>TIF FUNDING III LLC</name>
        <lei>N/A</lei>
        <title>TIF 2024-1A A</title>
        <cusip>88655AAA8</cusip>
        <identifiers>
          <isin value="US88655AAA88"/>
          <ticker value="TIF"/>
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        <balance>840262.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>851951.06</valUSD>
        <pctVal>0.1556857222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.480000000000</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 2.25 11/15/27</title>
        <cusip>9128283F5</cusip>
        <identifiers>
          <isin value="US9128283F58"/>
          <ticker value="T"/>
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        <balance>2900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2786832</valUSD>
        <pctVal>0.5092662865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</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>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF V7.5 PERP EMTN</title>
        <cusip>F3R505JM9</cusip>
        <identifiers>
          <isin value="FR001400EFQ6"/>
          <ticker value="EDF"/>
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        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>488718.22</valUSD>
        <pctVal>0.0893084739</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>7.500000000000</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>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP V4.75 11/13/32 EMTN</title>
        <cusip>F105CVH69</cusip>
        <identifiers>
          <isin value="FR001400LZI6"/>
          <ticker value="BNP"/>
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        <balance>2300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.5021677885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</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>United States Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.875 08/15/34</title>
        <cusip>91282CLF6</cusip>
        <identifiers>
          <isin value="US91282CLF67"/>
          <ticker value="T"/>
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        <balance>2100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2114765.63</valUSD>
        <pctVal>0.3864527317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR/AUD CURRENCY</name>
        <lei>N/A</lei>
        <title>FX PUT OPTION @ 1.629</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9M9SU7U"/>
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        <balance>616000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8036.42</valUSD>
        <pctVal>0.0014685771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX PUT OPTION @ 1.629</issuerName>
                <issueTitle>FX PUT OPTION @ 1.629</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
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            <shareNo>616000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>2382.81</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EUR/GBP CURRENCY</name>
        <lei>N/A</lei>
        <title>FX CALL OPTION @ 0.845</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Cusip" value="AA9MX3GHU"/>
        </identifiers>
        <balance>624000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123.64</valUSD>
        <pctVal>0.0000225940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BNP PARIBAS SEC  CORP</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FX CALL OPTION @ 0.845</issuerName>
                <issueTitle>FX CALL OPTION @ 0.845</issueTitle>
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                  <cusip value="N/A"/>
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            <shareNo>624000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-3141.01</unrealizedAppr>
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        <securityLending>
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      <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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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.0227892822</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>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>UKT 4.5 06/07/28</title>
        <cusip>G4527HA76</cusip>
        <identifiers>
          <isin value="GB00BMF9LG83"/>
          <ticker value="UKIN"/>
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        <balance>2950000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>4027864.45</valUSD>
        <pctVal>0.7360528267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-07</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>
        <name>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMGB 7.2 10/30/33 10Y</title>
        <cusip>X5S007LK1</cusip>
        <identifiers>
          <isin value="ROWLVEJ2A207"/>
          <ticker value="ROMANI"/>
        </identifiers>
        <balance>8450000</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="0.223721"/>
        <valUSD>1959331.5</valUSD>
        <pctVal>0.3580486650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.200000000000</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>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 4.4 05/01/33 10Y</title>
        <cusip>T6052BS90</cusip>
        <identifiers>
          <isin value="IT0005518128"/>
          <ticker value="ITALY"/>
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        <balance>5250000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>6375855.5</valUSD>
        <pctVal>1.1651252224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.400000000000</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>AA Bond Co Ltd.</name>
        <lei>2138002EPF6QVRZBMC58</lei>
        <title>AABOND 5.5 07/31/27 A8</title>
        <cusip>G00005AN1</cusip>
        <identifiers>
          <isin value="XS2106054443"/>
          <ticker value="AABOND"/>
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        <balance>530000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>700970.13</valUSD>
        <pctVal>0.1280954342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-31</maturityDt>
          <couponKind>Variable</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>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="1.113152"/>
        <valUSD>1339562.5</valUSD>
        <pctVal>0.2447919429</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>
        <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>289000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>291332.34</valUSD>
        <pctVal>0.0532381353</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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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Germany (Federal Republic Of)</name>
        <lei>529900AQBND3S6YJLY83</lei>
        <title>DBR 2.3 02/15/33</title>
        <cusip>D1444RCB2</cusip>
        <identifiers>
          <isin value="DE000BU2Z007"/>
          <ticker value="BKO"/>
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        <balance>1561000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1773599.03</valUSD>
        <pctVal>0.3241078730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.300000000000</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>Spain (Kingdom of)</name>
        <lei>9598007A56S18711AH60</lei>
        <title>SPGB 3.45 10/31/34</title>
        <cusip>E8922APQ7</cusip>
        <identifiers>
          <isin value="ES0000012N35"/>
          <ticker value="SPAIN"/>
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        <balance>7940000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>9233442</valUSD>
        <pctVal>1.6873212017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-31</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Northumbrian Water Finance plc</name>
        <lei>213800JTFA6F3S7XX781</lei>
        <title>NWGLN 6.375 10/28/34 EMTN</title>
        <cusip>G6661MAK7</cusip>
        <identifiers>
          <isin value="XS2550206333"/>
          <ticker value="NWGLN"/>
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        <balance>859000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>1185660.54</valUSD>
        <pctVal>0.2166678653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375000000000</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>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"/>
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        <balance>206000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>242302.41</valUSD>
        <pctVal>0.0442783952</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Suez SA</name>
        <lei>5493007LKZ37MXEN5D79</lei>
        <title>SUEZFP 2.375 05/24/30 EMTN</title>
        <cusip>F9155XNH4</cusip>
        <identifiers>
          <isin value="FR001400AFN1"/>
          <ticker value="SUEZFP"/>
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        <balance>600000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>636042.08</valUSD>
        <pctVal>0.1162304682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.375000000000</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>Switzerland (Government Of)</name>
        <lei>5067006OA1BJ88912Q83</lei>
        <title>SWISS 3.5 04/08/33</title>
        <cusip>H7351PYD2</cusip>
        <identifiers>
          <isin value="CH0015803239"/>
          <ticker value="SWISS"/>
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        <balance>930000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>1385006.13</valUSD>
        <pctVal>0.2530963218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-08</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>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>GPN 4.875 03/17/31</title>
        <cusip>37940XAS1</cusip>
        <identifiers>
          <isin value="XS2597994065"/>
          <ticker value="GPN"/>
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        <balance>517000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>613381.19</valUSD>
        <pctVal>0.1120894122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Nasdaq Inc</name>
        <lei>549300L8X1Q78ERXFD06</lei>
        <title>NDAQ 4.5 02/15/32</title>
        <cusip>63111XAM3</cusip>
        <identifiers>
          <isin value="XS2643673952"/>
          <ticker value="NDAQ"/>
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        <balance>1580000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1884480</valUSD>
        <pctVal>0.3443702856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</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>Japan (Government Of)</name>
        <lei>353800WZS8AXZXFUC241</lei>
        <title>JGB 1 03/20/62 15</title>
        <cusip>J2S39LUV4</cusip>
        <identifiers>
          <isin value="JP1400151N57"/>
          <ticker value="JGB"/>
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        <balance>328600000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1558372.29</valUSD>
        <pctVal>0.2847772916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-03-20</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>Netherlands (Kingdom Of)</name>
        <lei>254900G14ALGVKORFN62</lei>
        <title>NETHER 2.5 07/15/34</title>
        <cusip>N82128BW3</cusip>
        <identifiers>
          <isin value="NL0015001XZ6"/>
          <ticker value="NETHER"/>
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        <balance>1300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1456648.25</valUSD>
        <pctVal>0.2661882184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</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>Severn Trent Utilities Finance PLC</name>
        <lei>213800KY9PT6WBH33232</lei>
        <title>SVTLN 4 03/05/34 EMTN</title>
        <cusip>G80571AT2</cusip>
        <identifiers>
          <isin value="XS2775728269"/>
          <ticker value="SVTLN"/>
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        <balance>480000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>544718.13</valUSD>
        <pctVal>0.0995419097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-05</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>Romania (Republic Of)</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>ROMANI 5.5 09/18/28 144A</title>
        <cusip>ZI8421425</cusip>
        <identifiers>
          <isin value="XS2689949555"/>
          <ticker value="ROMANI"/>
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        <balance>1450000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1686703.38</valUSD>
        <pctVal>0.3082285429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-18</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>New Zealand (Government Of)</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>NZGB 2 05/15/32 0532</title>
        <cusip>Q54627DM5</cusip>
        <identifiers>
          <isin value="NZGOVDT532C8"/>
          <ticker value="NZTB"/>
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        <balance>6358000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="0.6353"/>
        <valUSD>3482819.88</valUSD>
        <pctVal>0.6364512633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chile (Republic Of)</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>BTPCL 4.7 09/01/30</title>
        <cusip>P9T38EAW8</cusip>
        <identifiers>
          <isin value="CL0002454248"/>
          <ticker value="CHILE"/>
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        <balance>90000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="0.001112"/>
        <valUSD>98136.33</valUSD>
        <pctVal>0.0179334543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.700000000000</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>Italy (Republic Of)</name>
        <lei>815600DE60799F5A9309</lei>
        <title>BTPS 2.15 03/01/72 50Y</title>
        <cusip>T6052BZK7</cusip>
        <identifiers>
          <isin value="IT0005441883"/>
          <ticker value="ITALY"/>
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        <balance>699000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>491541.68</valUSD>
        <pctVal>0.0898244336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2072-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.150000000000</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>Thailand (Kingdom Of)</name>
        <lei>254900PHJ6MSKT6C7026</lei>
        <title>THAIGB 2 12/17/31</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0623X3BC03"/>
          <ticker value="THAIGB"/>
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        <balance>22850000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="0.031078"/>
        <valUSD>693239.75</valUSD>
        <pctVal>0.1266827829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-17</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>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"/>
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        <balance>363000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>358349.97</valUSD>
        <pctVal>0.0654849516</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="201076.810000000000"/>
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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>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1920876.38</valUSD>
        <pctVal>0.3510213680</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>
          <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>Volkswagen International Finance N.V.</name>
        <lei>5299004PWNHKYTR23649</lei>
        <title>VW V4.375 PERP .</title>
        <cusip>N93695TS8</cusip>
        <identifiers>
          <isin value="XS2342732646"/>
          <ticker value="VW"/>
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        <balance>100000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>102287.53</valUSD>
        <pctVal>0.0186920455</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>4.375000000000</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>Sartorius Finance BV</name>
        <lei>529900JCAKTMRXK9EA58</lei>
        <title>SRTGR 4.875 09/14/35</title>
        <cusip>N7750FAC2</cusip>
        <identifiers>
          <isin value="XS2676395408"/>
          <ticker value="SRTGR"/>
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        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>836278.5</valUSD>
        <pctVal>0.1528217152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</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>Energie Baden-Wurttemberg International Finance</name>
        <lei>724500CNCIO1ZTJ0X675</lei>
        <title>ENBW 4.3 05/23/34 EMTN</title>
        <cusip>N2960PMY6</cusip>
        <identifiers>
          <isin value="XS2722717555"/>
          <ticker value="ENBW"/>
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        <balance>1300000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1533923.25</valUSD>
        <pctVal>0.2803094687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.300000000000</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>2025-03-21</ncom:dateSigned>
      <ncom:nameOfApplicant>EMPOWER FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/Kelly New</ncom:signature>
      <ncom:signerName>Kelly New</ncom:signerName>
      <ncom:title>Treasurer, Empower Funds, Inc.</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
