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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Credit Suisse International</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>AmeriCredit Automobile Receivables Trust</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Adjustable Rate Mortgage Trust</name>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>GLS Auto Receivables Trust</name>
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        <title>GLS Auto Receivables Trust 2018-3</title>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Morgan Stanley Capital Services LLC</name>
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        <name>American Homes 4 Rent</name>
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        <title>American Homes 4 Rent 2015-SFR1</title>
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        <name>CDW LLC/CDW FINANCE</name>
        <lei>N/A</lei>
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        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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        <name>Berkshire Hathaway Finance Corp</name>
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        <name>AES Corporation</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Hexion Holdings Corp</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Fidelity National Financial Inc</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Insperity Inc</name>
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        <name>Home Partners of America Trust</name>
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        <name>IndyMac INDX Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA Inc.</name>
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        <title>IQVIA Inc. 2018 USD Term Loan B3</title>
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        <name>Mylan Inc</name>
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        <name>Options Clearing Corp.</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>WAVE 2017-1 LLC</name>
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        <name>CoreCivic Inc</name>
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        <name>Honda Auto Receivables Owner Trust</name>
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      <invstOrSec>
        <name>Ameriprise Financial Inc</name>
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          <isin value="US03076CAJ53"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hertz Vehicle Financing LLC</name>
        <lei>549300FPK70TCB78NG05</lei>
        <title>Hertz Vehicle Financing II LP</title>
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          <isin value="US42806DBG34"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-25</maturityDt>
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          <annualizedRt>3.29000000</annualizedRt>
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      <invstOrSec>
        <name>SLM Student Loan Trust</name>
        <lei>549300BLEHJGFV7XSO25</lei>
        <title>SLM Private Credit Student Loan Trust 2003-B</title>
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          <isin value="US78443CAP95"/>
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        <balance>267000.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>549300KEVMSOSY8T8R35</lei>
        <title>Republic of South Africa Government Bond</title>
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          <isin value="ZAG000107012"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Santander Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Santander Drive Auto Receivables Trust 2019-2</title>
        <cusip>80286GAG6</cusip>
        <identifiers>
          <isin value="US80286GAG64"/>
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        <balance>4140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4220567.71000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.22000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ludgate Funding PLC</name>
        <lei>213800LADM2GPWI3P269</lei>
        <title>Ludgate Funding PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS0353588386"/>
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        <balance>1657319.80000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-01-01</maturityDt>
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      <invstOrSec>
        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
        <title>NextGear Floorplan Master Owner Trust</title>
        <cusip>65341KAZ9</cusip>
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          <isin value="US65341KAZ93"/>
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        <balance>2590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2595057.49000000</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>2023-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Gavilan Resources, LLC</name>
        <lei>54930045U6YHRH5DKI14</lei>
        <title>Gavilan Resources, LLC 2nd Lien Term Loan</title>
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          <isin value="US36808UAB70"/>
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        <balance>3740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1614445.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.04000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <title>UNITEDHEALTH GROUP INC OCT19 260 CALL</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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                <issuerName>UnitedHealth Group Inc</issuerName>
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        <name>Jackson National Life Global Funding</name>
        <lei>635400PQXLYXWJI5QD78</lei>
        <title>Jackson National Life Global Funding</title>
        <cusip>46849LTE1</cusip>
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          <isin value="US46849LTE10"/>
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        <balance>7735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7930692.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley Capital Services LLC</name>
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        <title>PURCHASED USD / SOLD GBP</title>
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      <invstOrSec>
        <name>Castlelake Aircraft Securitization Trust</name>
        <lei>N/A</lei>
        <title>Castlelake Aircraft Securitization Trust 2018-1</title>
        <cusip>14856CAB5</cusip>
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          <isin value="US14856CAB54"/>
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        <balance>1228663.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1261260.70000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Capital Corp</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp</title>
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          <isin value="US24422EUK36"/>
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        <balance>6875000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mastercard Inc</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MasterCard, Inc. Class A</title>
        <cusip>57636Q104</cusip>
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          <isin value="US57636Q1040"/>
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        <balance>2617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>710698.69000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Medtronic PLC</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BTN1Y115"/>
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        <balance>5191.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>563846.42000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED AIR 2019-2 B PTT</name>
        <lei>N/A</lei>
        <title>United Airlines 2019-2 Class B Pass Through Trust</title>
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          <isin value="US90932KAA79"/>
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        <balance>6950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6944231.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>KeyBank NA/Cleveland OH</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KeyBank NA/Cleveland OH</title>
        <cusip>49327M2X1</cusip>
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          <isin value="US49327M2X13"/>
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        <balance>6280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6459450.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prestige Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Prestige Auto Receivables Trust 2016-1</title>
        <cusip>74113FAN5</cusip>
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        <name>Bank of New York Mellon Corp/The</name>
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        <name>American Homes 4 Rent</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>AmeriCredit Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>Citibank Credit Card Issuance Trust</name>
        <lei>R8AG6FXVDQAMDKCSJJ64</lei>
        <title>Citibank Credit Card Issuance Trust</title>
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          <isin value="US17305EFW03"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
        <cusip>88167AAF8</cusip>
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          <isin value="US88167AAF84"/>
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        <balance>10035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6296962.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Drive Auto Receivables Trust 2019-3</title>
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          <isin value="US26209WAD56"/>
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        <balance>2365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2379105.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.49000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Citizens Bank NA/Providence RI</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank NA/Providence RI</title>
        <cusip>17401QAS0</cusip>
        <identifiers>
          <isin value="US17401QAS03"/>
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        <balance>7975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8169024.09000000</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>2022-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Caterpillar Inc</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar Inc</title>
        <cusip>149123101</cusip>
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          <isin value="US1491231015"/>
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        <balance>5560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>702283.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>MCKESSON CORP OCT19 155 CALL</title>
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          <other otherDesc="Internal Identifier" value="ADI1FRW18"/>
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        <balance>-47.00000000</balance>
        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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        <name>FMC CORP</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Credit Card Trust</name>
        <lei>5493006DQ60M1CRKHH19</lei>
        <title>BA Credit Card Trust</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Chicago Board Of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US ULTRA BOND CBT DEC19 XCBT 20191219</title>
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          <other otherDesc="Internal Identifier" value="ADI19Y7L4"/>
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                <indexIdentifier>WNZ9 Comdty</indexIdentifier>
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      <invstOrSec>
        <name>GSR Mortgage Loan Trust</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GSR Mortgage Loan Trust 2005-AR4</title>
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          <isin value="US362341FP99"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>General Motors Financial Co Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ford Credit Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Ford Credit Auto Lease Trust</title>
        <cusip>34531LAC4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.19000000</annualizedRt>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2005-A3</title>
        <cusip>466247QC0</cusip>
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          <isin value="US466247QC04"/>
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        <balance>133271.23000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136372.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
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        <name>Credit Suisse First Boston Mortgage Securities Corp</name>
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        <name>Toyota Industries Corp</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Eaton Corp PLC</name>
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        <name>Citigroup Mortgage Loan Trust</name>
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        <name>Volvo Financial Equipment Master Owner Trust</name>
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        <name>United Auto Credit Securitization Trust</name>
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        <name>UBS AG</name>
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        <name>IndyMac INDX Mortgage Loan Trust</name>
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        <name>GM Financial Securitized Term</name>
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        <name>LYB INT FINANCE III</name>
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        <valUSD>1996212.24000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>FLEXION THERAPEUTICS INC</name>
        <lei>549300X8HYW1HZKCDG90</lei>
        <title>Flexion Therapeutics Inc</title>
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          <isin value="US33938JAB26"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-01</maturityDt>
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          <annualizedRt>3.38000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Flexion Therapeutics Inc</name>
              <title>Flexion Therapeutics Inc</title>
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                <cusip value="33938J106"/>
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          <currencyInfos>
            <currencyInfo convRatio="37.34130000" curCd="USD"/>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>Leidos Holdings Inc</name>
        <lei>549300IUTGTP6EJP8124</lei>
        <title>Leidos Holdings Inc</title>
        <cusip>525327102</cusip>
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          <isin value="US5253271028"/>
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        <balance>8285.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daimler Finance North America LLC</name>
        <lei>549300423Z16BB673J12</lei>
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          <isin value="US233851DR29"/>
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        <balance>4780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4890000.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garmin Ltd</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>Garmin Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CH0114405324"/>
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        <balance>8412.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712412.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OneMain Financial Issuance Trust</name>
        <lei>N/A</lei>
        <title>OneMain Financial Issuance Trust 2015-3</title>
        <cusip>68268LAB3</cusip>
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          <isin value="US68268LAB36"/>
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        <balance>3120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3204612.53000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.16000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oak Hill Advisors Residential Loan Trust</name>
        <lei>N/A</lei>
        <title>Oak Hill Advisors Residential Loan Trust 2017-NPLA</title>
        <cusip>67135HAA7</cusip>
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          <isin value="US67135HAA77"/>
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        <balance>87474.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87469.92000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Home Depot Inc/The</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot Inc/The</title>
        <cusip>437076102</cusip>
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          <isin value="US4370761029"/>
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        <balance>3147.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730166.94000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAPS LTD</name>
        <lei>N/A</lei>
        <title>MAPS 2018-1 Ltd</title>
        <cusip>56564RAB6</cusip>
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          <isin value="US56564RAB69"/>
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        <balance>1817640.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
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      <invstOrSec>
        <name>Union Pacific Corp</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp</title>
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        <balance>4675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4784277.56000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurosail PLC</name>
        <lei>213800NEJVUXH4MS6Y78</lei>
        <title>Eurosail-UK 2007-2np PLC</title>
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          <isin value="XS0291423605"/>
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        <balance>494669.92000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.81330600"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <valUSD>-6150.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
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            <writtenOrPur>Written</writtenOrPur>
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      <invstOrSec>
        <name>Home Depot Inc/The</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot Inc/The</title>
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        <balance>5955000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Wingstop Funding LLC</name>
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      <invstOrSec>
        <name>Celgene Corp</name>
        <lei>4SIHMF0MOSTTL8CD0X64</lei>
        <title>Celgene Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust</title>
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        <name>Bank of America, National Association</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>PURCHASED NOK / SOLD USD</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <settlementDt>2019-10-15</settlementDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Waste Management Inc</name>
        <lei>549300YX8JIID70NFS41</lei>
        <title>Waste Management Inc</title>
        <cusip>94106L109</cusip>
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          <isin value="US94106L1098"/>
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        <balance>4090.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470350.00000000</valUSD>
        <pctVal>0.034155388754</pctVal>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cisco Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Express Credit Account Master Trust</name>
        <lei>549300Y4SA5G3GIJTP18</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sprite Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCA2014 Holdings Ltd</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>WYNN RESORTS FINANCE LLC</name>
        <lei>N/A</lei>
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          <isin value="US983133AA70"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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      <invstOrSec>
        <name>DT Auto Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Instruments Inc</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments Inc</title>
        <cusip>882508104</cusip>
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          <isin value="US8825081040"/>
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        <balance>2546.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities Trust</name>
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        <title>Wells Fargo Mortgage Backed Securities 2006-3 Trust</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Banc of America Funding Corporation</name>
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        <name>Morgan Stanley Mortgage Loan Trust</name>
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        <name>GCAT</name>
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        <name>Kestrel Aircraft Funding Limit</name>
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        <title>Kestrel Aircraft Funding LTD</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackbird Capital Aircraft Lease Securitization Ltd</name>
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        <invCountry>KY</invCountry>
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        <name>UBS AG</name>
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        <name>CF Industries Holdings Inc</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <title>Santander Drive Auto Receivables Trust 2018-2</title>
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        <name>Unilever Capital Corp</name>
        <lei>MYF1DAS6G5WY7PRWCU78</lei>
        <title>Unilever Capital Corp</title>
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        <balance>7040000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>American Home Mortgage Investment Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gilead Sciences Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SoFi Professional Loan Program LLC</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>General Dynamics Corp</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mylan NV</name>
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        <title>Mylan NV</title>
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        <balance>4890000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>CPS Auto Trust</name>
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        <name>CarMax Auto Owner Trust</name>
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        <invCountry>KY</invCountry>
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        <name>Residential Asset Securitization Trust</name>
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        <name>Standard Chartered PLC</name>
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        <name>Hyundai Capital America</name>
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        <title>Hyundai Capital America</title>
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        <name>Standard Chartered PLC</name>
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        <title>Standard Chartered PLC</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
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        <name>BMW Vehicle Owner Trust</name>
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        <name>California Resources Corporation</name>
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        <name>Flagship Credit Auto Trust</name>
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        <name>Banco Supervielle SA</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Discover Card Execution Note Trust</name>
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        <name>Prestige Auto Receivables Trus</name>
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        <name>DBUBS Mortgage Trust</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>MASTR Adjustable Rate Mortgage Trust</name>
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        <name>GCA2014 Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RCO Mortgage LLC</name>
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        <name>Microchip Technology Incorporated</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Energy Corp</name>
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        <name>Countrywide Alternative Loan Trust</name>
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        <name>Comcast Corp</name>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Deutsche Bank Aktiengesellschaft</name>
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        <name>YPF SOCIEDAD ANONIMA</name>
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        <name>Science Applications International Corporation</name>
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        <name>LyondellBasell Industries NV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Toyota Auto Receivables Owner Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boeing Co/The</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Countrywide Alternative Loan Trust</name>
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          <isin value="US12667FVB83"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Easy Tactic Ltd</name>
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        <curCd>USD</curCd>
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        <invCountry>VG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Enel SpA</name>
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        <title>Enel SpA</title>
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        <curCd>USD</curCd>
        <valUSD>7560418.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>Bayview Opportunity Master Fund</name>
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        <title>Bayview Opportunity Master Fund IVa Trust 2019-RN2</title>
        <cusip>07334RAA0</cusip>
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          <isin value="US07334RAA05"/>
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        <curCd>USD</curCd>
        <valUSD>1801050.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>General Mills Inc</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills Inc</title>
        <cusip>370334104</cusip>
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        <balance>12442.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <lei>7D6DIU2QXTUJRFNNJA49</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Starwood Retail Property Trust</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nabors Industries Inc</name>
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              <title>Nabors Industries Ltd</title>
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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies Inc</title>
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        <name>Ziggo Secured Finance Partnership</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Options Clearing Corp.</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>APPLE INC OCT19 220 CALL</title>
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        <isRestrictedSec>N</isRestrictedSec>

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            <exercisePrice>220.00000000</exercisePrice>
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        <name>Deutsche Bank Aktiengesellschaft</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>PURCHASED USD / SOLD GBP</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yanlord Land HK Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASTR Alternative Loans Trust</name>
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        <name>Fannie Mae - CAS</name>
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        <name>BCAP LLC Trust</name>
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      <invstOrSec>
        <name>Options Clearing Corp.</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>American Express Co</name>
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        <name>Bayview Opportunity Master Fund</name>
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        <name>Illinois Tool Works Inc</name>
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        <name>Bayview Opportunity Master Fund</name>
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      <invstOrSec>
        <name>Credit Suisse International</name>
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        <title>PURCHASED USD / SOLD COP</title>
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        <name>CarMax Auto Owner Trust</name>
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        <name>YPF SOCIEDAD ANONIMA</name>
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        <name>Nexstar Media Group Inc</name>
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        <name>Diamond Resorts Owner Trust</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Bellatrix Exploration Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>American Homes 4 Rent</name>
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        <name>IHS NETHERLANDS HOLDCO</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Enterprise Products Partners LP</name>
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        <name>Halcyon Loan Advisors Funding Ltd</name>
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        <name>NBCUniversal Enterprise Inc</name>
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        <name>Options Clearing Corp.</name>
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        <name>Amgen Inc</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc</title>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>CIFI Holdings Group Co Ltd</name>
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        <name>Penske Truck Leasing Co Lp / PTL Finance Corp</name>
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        <name>Hewlett Packard Enterprise Co</name>
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        <name>MELCO RESORTS FINANCE</name>
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        <name>John Deere Capital Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vericrest Opportunity Loan Trust</name>
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          <isin value="US92872LAA35"/>
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        <name>Omnicom Group Inc</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Mitsubishi UFJ Financial Group Inc</name>
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        <name>Countrywide Alternative Loan Trust</name>
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        <name>Options Clearing Corp.</name>
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        <name>ABU DHABI GOVT INT'L</name>
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        <name>DCAL Aviation Finance Limited</name>
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        <name>American Builders &amp; Contractors Supply Co., Inc.</name>
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        <name>Bristol-Myers Squibb Co</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILLIPS 66 PARTNERS LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
        <lei>549300V1P5RKG8RJI005</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Campbell Soup Co</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse First Boston Mortgage Securities Corp</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>CSFB Mortgage-Backed Pass-Through Certificates Series 2003-27</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Blackbird Capital Aircraft Lease Securitization Ltd</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-16</maturityDt>
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        <name>Gulfport Energy Corp</name>
        <lei>549300FJX18IDUFPHD40</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>CVS Health Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>Countrywide Home Loans</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <name>Invitation Homes Trust</name>
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        <name>Florida Power &amp; Light Co</name>
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        <name>Bank of America Credit Card Trust</name>
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        <name>Countrywide Alternative Loan Trust</name>
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        <name>CarMax Auto Owner Trust</name>
        <lei>549300LQMUNTYT3DC014</lei>
        <title>Carmax Auto Owner Trust 2019-1</title>
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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities Trust</name>
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        <name>Driven Brands Funding, LLC</name>
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        <name>Accelerated Assets LLC</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Broadcom Inc</name>
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        <name>ACC Trust 2018-1</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Starbucks Corp</name>
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        <name>CPS Auto Trust</name>
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        <name>Petrobras Global Finance BV</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>Citigroup Mortgage Loan Trust</name>
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        <name>UnitedHealth Group Inc</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Flagship Credit Auto Trust</name>
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      <invstOrSec>
        <name>Discover Card Execution Note Trust</name>
        <lei>549300CKCX1QE4RUW216</lei>
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          <isin value="US254683CF08"/>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
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        <name>Provincia de Buenos Aires/Argentina</name>
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        <name>CAPITAL ONE NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
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        <name>El Paso Energy Capital Trust I</name>
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        <name>Cummins Inc</name>
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        <name>SoFi Consumer Loan Program Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SoFi Professional Loan Program LLC</name>
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        <name>United States Treasury</name>
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        <name>New York Life Global Funding</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Motel 6 Trust</name>
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        <name>Ally Auto Receivables Trust</name>
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        <name>DSLA Mortgage Loan Trust</name>
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        <name>Uber Technologies, Inc.</name>
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        <title>Uber Technologies Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunac China Holdings Ltd</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Honeywell International Inc</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International Inc</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp</name>
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        <curCd>USD</curCd>
        <valUSD>708496.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>JBS USA/FOOD/FINANCE</name>
        <lei>N/A</lei>
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          <isin value="US46590XAB29"/>
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        <curCd>USD</curCd>
        <valUSD>3042142.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-105.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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                <issuerName>Lockheed Martin Corp</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
        <title>Progress Residential 2017-SFR2 Trust</title>
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          <isin value="US74333KAJ79"/>
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        <balance>681000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BMW US Capital LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US Capital LLC</title>
        <cusip>05565EAV7</cusip>
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          <isin value="US05565EAV74"/>
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        <balance>5985000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5989112.77000000</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>2021-04-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MLCC Mortgage Investors Inc</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Merrill Lynch Mortgage Investors Trust Series MLCC 2006-2</title>
        <cusip>590219AE1</cusip>
        <identifiers>
          <isin value="US590219AE19"/>
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        <balance>98184.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99422.78000000</valUSD>
        <pctVal>0.007219780380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.23000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CarMax Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust 2018-1</title>
        <cusip>14314AAH2</cusip>
        <identifiers>
          <isin value="US14314AAH23"/>
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        <balance>244099.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244055.11000000</valUSD>
        <pctVal>0.017722541000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.18000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Leonardo US Holdings Inc</name>
        <lei>529900WVR776KSXHSA85</lei>
        <title>Leonardo US Holdings Inc</title>
        <cusip>583491AC9</cusip>
        <identifiers>
          <isin value="US583491AC98"/>
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        <balance>2550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2811885.00000000</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>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PNC Bank NA</name>
        <lei>AD6GFRVSDT01YPT1CS68</lei>
        <title>PNC Bank NA</title>
        <cusip>69353RFM5</cusip>
        <identifiers>
          <isin value="US69353RFM51"/>
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        <balance>8035000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8037330.15000000</valUSD>
        <pctVal>0.583646509674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.48000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
        <cusip>00206RDN9</cusip>
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          <isin value="US00206RDN98"/>
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        <balance>1245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1275364.29000000</valUSD>
        <pctVal>0.092613082022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>HONEYWELL INTERNATIONAL INC OCT19 175 CALL</title>
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          <other otherDesc="Internal Identifier" value="ADI1FRWD2"/>
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        <balance>-27.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2740.50000000</valUSD>
        <pctVal>-0.00019900678</pctVal>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>Honeywell International Inc</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
        <title>TARGET CORP OCT19 115 CALL</title>
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          <other otherDesc="Internal Identifier" value="ADI1F6SW1"/>
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        <balance>-44.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-660.00000000</valUSD>
        <pctVal>-0.00004792719</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <shareNo>100.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>2759.25000000</unrealizedAppr>
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      <invstOrSec>
        <name>Bank of America Merrill Lynch International Limited</name>
        <lei>EYKN6V0ZCB8VD9IULB80</lei>
        <title>Long: SP2S07KF  CDS EUR R V 03MEVENT SP2S07KF_PRO CORPORATE / Short: SP2S07KF  CDS EUR P F  1.00000 SP2S07KF_FEE CORPORATE</title>
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          <other otherDesc="Internal Identifier" value="99S13ZHF9"/>
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        <balance>6100000.00000000</balance>
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        <pctVal>-0.01021384604</pctVal>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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                <issuerName>ENEL S.P.A.</issuerName>
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            <upfrontRcpt>-2214.14000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>Millicom International Cellular SA</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DISH Network Corp</name>
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        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>WALT DISNEY COMPANY/THE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Automatic Data Processing Inc</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
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          <isin value="US0530151036"/>
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        <balance>4147.00000000</balance>
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      <invstOrSec>
        <name>CVR Energy Inc</name>
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        <balance>15961.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Credit Acceptance Auto Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US22535FAC86"/>
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        <balance>1205000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Connecticut Avenue Securities</title>
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        <balance>1505000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-25</maturityDt>
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      <invstOrSec>
        <name>Navient Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Student Loan Trust 2018-4</title>
        <cusip>63941NAA7</cusip>
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          <isin value="US63941NAA72"/>
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        <balance>803216.91000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-06-27</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>Verizon Communications Inc</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>Countrywide Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust 2004-16CB</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WF-RBS Commercial Mortgage Trust</name>
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        <name>Coinstar Funding, LLC</name>
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        <balance>3435912.50000000</balance>
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        <valUSD>3538626.01000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.22000000</annualizedRt>
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        <name>CFLD Cayman Investment Ltd</name>
        <lei>3003006ZC30FH27GHL08</lei>
        <title>CFLD Cayman Investment Ltd</title>
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        <balance>740000.00000000</balance>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>CUMMINS INC DEC19 160 CALL</title>
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        <name>Countrywide Alternative Loan Trust</name>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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      <invstOrSec>
        <name>HP Inc</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP Inc</title>
        <cusip>40434L105</cusip>
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        <balance>36600.00000000</balance>
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        <name>Navistar Financial Dealer Note Master Owner Trust II</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Provincia de Buenos Aires/Argentina</name>
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        <name>Starwood Retail Property Trust</name>
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        <name>Wells Fargo Commercial Mortgag</name>
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        <name>FMC CORP</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Visa Inc</name>
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        <name>SoFi Professional Loan Program LLC</name>
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        <name>Adams Outdoor Advertising LP</name>
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        <name>Flagship Credit Auto Trust</name>
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        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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        <name>MASTR Adjustable Rate Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DT Auto Owner Trust</name>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KLA Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marlette Funding Trust</name>
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      <invstOrSec>
        <name>Deutsche Mortgage Securities Inc Mortgage Loan Trust</name>
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        <name>Gosforth Funding plc</name>
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      <invstOrSec>
        <name>First Investors Auto Owner Trust</name>
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      <invstOrSec>
        <name>Tennessee Gas Pipeline Co LLC</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>SoFi Consumer Loan Program Trust</name>
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        <name>IndyMac INDX Mortgage Loan Trust</name>
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        <name>Delta Air Lines Inc</name>
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        <name>First Investors Auto Owner Trust</name>
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        <name>Humana Inc</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>BELLATRIX EXPLORATION</name>
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        <name>GM Financial Automobile Leasing Trust</name>
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        <name>Chicago Mercantile Exchange</name>
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        <name>Toyota Auto Receivables Owner Trust</name>
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        <name>MASTR Alternative Loans Trust</name>
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        <name>UBS AG</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>MassMutual Global Funding II</name>
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        <name>Banco Hipotecario SA</name>
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        <name>Iron Mountain, Inc.</name>
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        <name>S-JETS Limited</name>
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        <name>Daimler Finance North America LLC</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>Horizon Aircraft Finance I Limited</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Genesis Sales Finance Master Trust</name>
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        <name>Walmart Inc</name>
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        <name>Toyota Motor Credit Corp</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vericrest Opportunity Loan Transferee</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NBM US Holdings Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>First Investors Auto Owner Trust</name>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Bunge Ltd</name>
        <lei>5493007M0RIN8HY3MM77</lei>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA Inc.</name>
        <lei>N/A</lei>
        <title>IQVIA Inc. 2017 USD Term Loan B2</title>
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        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
        <title>Progress Residential 2019-SFR1 Trust</title>
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        <name>Whiting Petroleum Corp</name>
        <lei>52990028CHK9KUB1B293</lei>
        <title>Whiting Petroleum Corp</title>
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        <name>Walgreens Boots Alliance Inc</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>Walgreens Boots Alliance Inc</title>
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        <name>Intuit Inc</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit Inc</title>
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        <name>1011778 B.C. Unlimited Liability Company</name>
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        <title>1011778 B.C. Unlimited Liability Company Term Loan B3</title>
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        <name>Transportadora de Gas del Sur SA</name>
        <lei>5299002TRC7IFQYSW596</lei>
        <title>Transportadora de Gas del Sur SA</title>
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        <name>Capital One Multi-Asset Execution Trust</name>
        <lei>R42WS16M9R97TJJKGU15</lei>
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        <name>AIRCASTLE LTD</name>
        <lei>549300PNK8AKY3OIKP58</lei>
        <title>Aircastle Ltd</title>
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        <invCountry>BM</invCountry>

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        <name>Grand Avenue Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Paychex Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>Waste Management Inc</issuerName>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>MetLife Inc</issuerName>
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      <invstOrSec>
        <name>Verizon Owner Trust</name>
        <lei>5493002I20BBOB4UPY82</lei>
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          <isin value="US92348RAB42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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          <other otherDesc="Internal Identifier" value="99S1B27F4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <indexBasketInfo>
                <indexName>Markit CDX.EM.S32.V1</indexName>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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      <invstOrSec>
        <name>Chase Issuance Trust</name>
        <lei>5493008SHVCX2Y068L12</lei>
        <title>Chase Issuance Trust</title>
        <cusip>161571GX6</cusip>
        <identifiers>
          <isin value="US161571GX61"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3496245.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>FIRSTENERGY CORP OCT19 46 CALL</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="ADI1DFXR8"/>
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        <balance>-45.00000000</balance>
        <units>NC</units>
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        <valUSD>-11025.00000000</valUSD>
        <pctVal>-0.00080060202</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>FirstEnergy Corp</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>-9148.04000000</unrealizedAppr>
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      <invstOrSec>
        <name>Accenture PLC</name>
        <lei>549300JY6CF6DO4YFQ03</lei>
        <title>Accenture PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B4BNMY34"/>
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        <balance>3634.00000000</balance>
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        <valUSD>698999.90000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Halcyon Loan Advisors Funding Ltd</name>
        <lei>549300SU2HGHNRLL0O32</lei>
        <title>Halcyon Loan Advisors Funding 2013-1 Ltd</title>
        <cusip>40537XAA3</cusip>
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          <isin value="US40537XAA37"/>
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        <balance>76017.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76019.12000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>46647PAG1</cusip>
        <identifiers>
          <isin value="US46647PAG19"/>
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        <balance>2550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2555559.00000000</valUSD>
        <pctVal>0.185576934476</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.82000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Darden Restaurants Inc</name>
        <lei>CY1NFSCCB5GUXC7WZC70</lei>
        <title>Darden Restaurants Inc</title>
        <cusip>237194105</cusip>
        <identifiers>
          <isin value="US2371941053"/>
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        <balance>6016.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711211.52000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications Inc</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
        <cusip>92343V104</cusip>
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          <isin value="US92343V1044"/>
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        <balance>10452.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>630882.72000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CPS Auto Trust</name>
        <lei>N/A</lei>
        <title>CPS Auto Receivables Trust 2018-D</title>
        <cusip>22411XAC8</cusip>
        <identifiers>
          <isin value="US22411XAC83"/>
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        <balance>1795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1835112.33000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>General Mills Inc</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills Inc</title>
        <cusip>370334CD4</cusip>
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          <isin value="US370334CD49"/>
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        <balance>3925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3985171.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>LPL FINANCIAL HOLDINGS INC DEC19 80 CALL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="ADI1F1CK5"/>
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        <balance>-8.00000000</balance>
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        <valUSD>-4960.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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                <issuerName>LPL Financial Holdings Inc</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
        <cusip>00206R102</cusip>
        <identifiers>
          <isin value="US00206R1023"/>
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        <name>LPL Financial Holdings Inc</name>
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      <invstOrSec>
        <name>PERFORMANCE FOOD GROUP I</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GMAC Mortgage Corporation Loan</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Wells Fargo Mortgage Backed Securities Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Mortgage Backed Securities 2005-AR10 Trust</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Drive Auto Receivables Trust 2018-1</title>
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          <isin value="US26208GAG47"/>
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        <balance>2955000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
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      <invstOrSec>
        <name>Limerock CLO</name>
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        <balance>504563.26000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse First Boston Mortgage Securities Corp</name>
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        <name>Logan Property Holdings Co Ltd</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group Inc</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Oxford Finance Funding Trust</name>
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        <name>Westlake Automobile Receivables Trust</name>
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        <name>CarMax Auto Owner Trust</name>
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      <invstOrSec>
        <name>Vericrest Opportunity Loan Transferee</name>
        <lei>N/A</lei>
        <title>VOLT LXXI LLC</title>
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        <name>Pfizer Inc</name>
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        <name>AbbVie Inc</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc</title>
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        <name>CarMax Auto Owner Trust</name>
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        <balance>135000.00000000</balance>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
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        <title>LEIDOS HOLDINGS INC OCT19 90 CALL</title>
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      <invstOrSec>
        <name>Diamond Resorts Owner Trust</name>
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        <name>BELLATRIX EXPLORATION</name>
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        <name>Banc of America Alternative Loan Trust</name>
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        <name>Five Guys Funding, LLC</name>
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        <name>AEGON Funding Co LLC</name>
        <lei>KEIOKM01PSK5VZ5CCI74</lei>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>World Financial Network Credit</name>
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        <name>Wells Fargo Mortgage Backed Securities Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Uber Technologies</name>
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        <name>Petrobras Global Finance BV</name>
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        <name>Latam Airlines 2015-1 Pass Through Trust B</name>
        <lei>549300HX3UUDPEFTG707</lei>
        <title>Latam Airlines 2015-1 Pass Through Trust B</title>
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        <name>DT Auto Owner Trust</name>
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        <name>Preston Ridge Partners Mortgage Trust</name>
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        <name>American Express Credit Account Master Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>Sunac China Holdings Ltd</name>
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      <invstOrSec>
        <name>FIXED INC CLEARING CORP.REPO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Countrywide Alternative Loan Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>Taco Bell Funding, LLC</name>
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        <name>Banco Hipotecario SA</name>
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        <name>Cemex SAB de CV</name>
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        <name>Provincia de Buenos Aires/Argentina</name>
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        <name>Preston Ridge Partners Mortgage Trust</name>
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        <name>Capital One Multi-Asset Execution Trust</name>
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        <name>Aramark Services, Inc.</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Prudential Financial Inc</name>
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        <name>MASTR Alternative Loans Trust</name>
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        <name>Chesapeake Funding II LLC</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Auto Receivables Owner Trust</name>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>Home Partners of America Trust</name>
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          <isin value="US437303AF76"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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          <other otherDesc="Internal Identifier" value="ADI1DG0J0"/>
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                <issuerName>Walgreens Boots Alliance Inc</issuerName>
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      <invstOrSec>
        <name>Aflac Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT COMM AVIATION</name>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Axalta Coating Systems US Holdings Inc.</name>
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        <title>Axalta Coating Systems US Holdings Inc. USD Term Loan B3</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Bank USA, National Association</name>
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      <invstOrSec>
        <name>Yum! Brands Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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      <invstOrSec>
        <name>Hospitality Mortgage Trust</name>
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        <name>RCO Mortgage LLC</name>
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        <name>Bayview Opportunity Master Fund</name>
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        <name>CVP Cascade CLO Ltd</name>
        <lei>254900WPOZSM5XGTH559</lei>
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        <invCountry>KY</invCountry>
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        <name>Lanark Master Issuer PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo Mortgage Backed Securities Trust</name>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
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        <name>CommScope Technologies LLC</name>
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        <name>DT Auto Owner Trust</name>
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        <name>United States Treasury</name>
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        <name>Fox Corp</name>
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        <name>Intel Corp</name>
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        <name>UBER TECHNOLOGIES INC</name>
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        <title>Uber Technologies Inc</title>
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        <name>NextGear Floorplan Master Owner Trust</name>
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        <name>Jamestown CLO Ltd</name>
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        <name>Dominos Pizza Master Issuer LLC</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>Financiera de Desarrollo Territorial SA Findeter</name>
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        <title>Financiera de Desarrollo Territorial SA Findeter</title>
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        <name>3M Co</name>
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        <title>3M Co</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Harbour Aircraft Investments Limited</name>
        <lei>N/A</lei>
        <title>Harbour Aircraft Investments Limited 2017 Term Loan C</title>
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          <isin value="XAG4301UAH77"/>
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        <balance>5079994.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5125639.08000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
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          <other otherDesc="Internal Identifier" value="ADI1FRX33"/>
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        <units>NC</units>
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        <valUSD>-3800.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Morgan Stanley &amp; Co. LLC</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>CoreCivic Inc</issuerName>
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            </descRefInstrmnt>
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            <unrealizedAppr>-1004.77000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>Tidewater Auto Receivables Trust</name>
        <lei>549300045J2AQZL8DT48</lei>
        <title>Tidewater Auto Receivables Trust 2018-A</title>
        <cusip>88642MAE0</cusip>
        <identifiers>
          <isin value="US88642MAE03"/>
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        <balance>353000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360932.72000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Drive Auto Receivables Trust 2018-5</title>
        <cusip>26208MAC0</cusip>
        <identifiers>
          <isin value="US26208MAC01"/>
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        <balance>283256.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>283280.78000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.35000000</annualizedRt>
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      <invstOrSec>
        <name>Caterpillar Financial Services Corp</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp</title>
        <cusip>14913Q2N8</cusip>
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          <isin value="US14913Q2N89"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2449650.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-07</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>NEXSTAR MEDIA GROUP INC OCT19 110 CALL</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="ADI1FRWQ3"/>
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        <balance>-47.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4230.00000000</valUSD>
        <pctVal>-0.00030716975</pctVal>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Nexstar Media Group Inc</issuerName>
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                  <cusip value="65336K103"/>
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            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>7600.22000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>CISCO SYSTEMS INC OCT19 52.5 CALL</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="ADI1F1CH2"/>
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        <balance>-48.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-360.00000000</valUSD>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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              <otherRefInst>
                <issuerName>Cisco Systems Inc</issuerName>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <title>UNITEDHEALTH GROUP INC OCT19 250 CALL</title>
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                <issuerName>UnitedHealth Group Inc</issuerName>
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      <invstOrSec>
        <name>Nissan Auto Receivables Owner Trust</name>
        <lei>N/A</lei>
        <title>Nissan Auto Receivables 2018-A Owner Trust</title>
        <cusip>65478DAD9</cusip>
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          <isin value="US65478DAD93"/>
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      <invstOrSec>
        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
        <title>NextGear Floorplan Master Owner Trust</title>
        <cusip>65341KAS5</cusip>
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          <isin value="US65341KAS50"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>World Omni Automobile Lease Securitization Trust</name>
        <lei>549300JMLWTKGTW3CW74</lei>
        <title>World Omni Automobile Lease Securitization Trust 2018-B</title>
        <cusip>98162CAC5</cusip>
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          <isin value="US98162CAC55"/>
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        <balance>3104050.49000000</balance>
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      <invstOrSec>
        <name>Colony American Finance Ltd</name>
        <lei>N/A</lei>
        <title>Colony American Finance 2015-1 Ltd</title>
        <cusip>19624VAD9</cusip>
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          <isin value="US19624VAD91"/>
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        <balance>2200000.00000000</balance>
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        <valUSD>2241271.78000000</valUSD>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2018-RPL2 Trust</title>
        <cusip>12653LAA6</cusip>
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          <isin value="US12653LAA61"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Volkswagen Auto Loan Enhanced Trust</name>
        <lei>N/A</lei>
        <title>Volkswagen Auto Loan Enhanced Trust 2018-1</title>
        <cusip>92868LAC5</cusip>
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          <isin value="US92868LAC54"/>
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        <balance>1727590.06000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-20</maturityDt>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Drive Auto Receivables Trust 2018-5</title>
        <cusip>26208MAG1</cusip>
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          <isin value="US26208MAG15"/>
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        <balance>2395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2481697.56000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BioMarin Pharmaceutical Inc</name>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>BioMarin Pharmaceutical Inc</title>
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      <invstOrSec>
        <name>Credit Suisse International</name>
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          <other otherDesc="Trade Identifier" value="19FRKBB2CT1"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Express Co</name>
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        <title>American Express Co</title>
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          <isin value="US025816BZ17"/>
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        <balance>4910000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Legacy Mortgage Asset Trust</name>
        <lei>N/A</lei>
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          <isin value="US52474WAA53"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>PACCAR Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>METHANEX CORP</name>
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        <title>Methanex Corp</title>
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        <balance>9875000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RMAC Securities PLC</name>
        <lei>213800C48M2JTBGZT736</lei>
        <title>RMAC Securities No 1 PLC</title>
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          <isin value="XS0307493162"/>
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        <balance>279013.02000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Progress Residential Trust</name>
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        <name>COLONY AMERICAN FINANCE LTD</name>
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        <title>CoreVest American Finance 2019-2Trust</title>
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        <name>SLM Student Loan Trust</name>
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        <title>SLM Private Credit Student Loan Trust 2003-B</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>Planet Fitness Master Issuer LLC</name>
        <lei>549300NX9W3U2DO53T22</lei>
        <title>Planet Fitness Master Issuer LLC</title>
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        <name>Ajax Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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        <title>EATON CORP PLC OCT19 90 CALL</title>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="C.9.a: Form N-PORT is based on scheduled maturity date while Form N-PORT EX is based on final maturity date." noteItem="C.9.a"/>
      <explntrNote note="(C.5.a): If applicable, XX represents multinational securities and thus the country of investment is unknown" noteItem="C.5.a"/>
      <explntrNote note="Bellatrix Exploration Co. (078314705) market value reduced to $0.00 for purposes of Form N-PORT EX based on the company filing for bankruptcy on October 2, 2019." noteItem="C.2.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-11-26</ncom:dateSigned>
      <ncom:nameOfApplicant>Natixis Funds Trust II</ncom:nameOfApplicant>
      <ncom:signature>John Sgroi</ncom:signature>
      <ncom:signerName>John Sgroi</ncom:signerName>
      <ncom:title>VP</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
