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        <name>Amazon.com, Inc.</name>
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        <name>American Tower Corp.</name>
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        <name>American Tower Corp.</name>
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        <name>American Transmission Systems, Inc.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Elevance Health, Inc.</name>
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        <name>APA Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>ARDN Mortgage Trust</name>
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        <name>Arrow Electronics, Inc.</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>Arrow Electronics, Inc.</title>
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        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
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        <name>Bank of America Corp.</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <name>Blue Owl Credit Income Corp.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Booz Allen Hamilton, Inc.</name>
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        <name>Boston Gas Co.</name>
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        <name>Boston Properties LP</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Brown &amp; Brown, Inc.</name>
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        <name>CBRE Services, Inc.</name>
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        <name>CNH Industrial Capital LLC</name>
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        <name>CaixaBank SA</name>
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        <name>Canadian Pacific Railway Co.</name>
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        <name>Comision Federal de Electricidad</name>
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        <name>Walt Disney Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Duke Energy Carolinas LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ELM Trust</name>
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        <name>Eni SpA</name>
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        <name>ERAC USA Finance LLC</name>
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        <name>Eagle Funding Luxco Sarl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eastern Energy Gas Holdings LLC</name>
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        <name>Eaton Corp.</name>
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        <title>Eaton Corp.</title>
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        <name>Eaton Corp.</name>
        <lei>0NZWDMRCE180888QQE14</lei>
        <title>Eaton Corp.</title>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
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        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
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        <name>Energy Transfer LP</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <name>Fortescue Treasury Pty. Ltd.</name>
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        <name>Fairfax Financial Holdings Ltd.</name>
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        <name>Flutter Treasury DAC</name>
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        <name>GE Vernova, Inc.</name>
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        <name>IAMGOLD Corp.</name>
        <lei>254900E7II30XAB9LA72</lei>
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        <name>Jane Street Group</name>
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      <invstOrSec>
        <name>Japan Tobacco, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jefferies Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jefferies Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Central Power &amp; Light Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
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        <name>Jersey Mike's Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Mike's Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KREF Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kraft Heinz Foods Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kraft Heinz Foods Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kroger Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LPL Holdings, Inc.</name>
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        <name>LPL Holdings, Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
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        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Las Vegas Sands Corp.</name>
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      <invstOrSec>
        <name>Lincoln National Corp.</name>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Muthoot Finance Ltd.</name>
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        <name>Mylan, Inc.</name>
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        <title>Mylan, Inc.</title>
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        <name>NXP BV</name>
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        <name>NXP BV</name>
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        <name>NTT Finance Corp.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-16</maturityDt>
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        <name>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
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        <balance>21704000.00000000</balance>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-12</maturityDt>
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        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, Series 2024 A</title>
        <cusip>63610HAA0</cusip>
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        <balance>9195000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
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          <annualizedRt>6.89000000</annualizedRt>
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        <name>NNN REIT, Inc.</name>
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        <title>NNN REIT, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>Nationwide Building Society</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
        <lei>2138005D37SVG7YSAJ65</lei>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc., Series AA</title>
        <cusip>65339KEF3</cusip>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
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        <name>XPLR Infrastructure Operating Partners LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR Infrastructure Operating Partners LP</title>
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        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
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        <invCountry>FI</invCountry>
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        <name>Northern Star Resources Ltd.</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>Northern Star Resources Ltd.</title>
        <cusip>66573RAA6</cusip>
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        <invCountry>AU</invCountry>
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        <name>Northern States Power Co.</name>
        <lei>3S1GHB0TEH85KX44SB51</lei>
        <title>Northern States Power Co.</title>
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        <name>Ontario Teachers' Cadillac Fairview Properties Trust</name>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>Oracle Corp.</name>
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        <name>PR RNO Property Owner 1 LLC</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Pacific Life Insurance Co.</name>
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        <name>CRC Insurance Group LLC</name>
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        <name>Plains All American Pipeline LP</name>
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        <name>Progressive Corp. (The)</name>
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        <name>Prologis LP</name>
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        <name>Stellantis Financial Services US Corp.</name>
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        <name>Store Capital LLC</name>
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        <name>Stryker Corp.</name>
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        <name>Sysco Corp.</name>
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        <name>UnitedHealth Group, Inc.</name>
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          <maturityDt>2053-02-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Plaquemines LNG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-30</maturityDt>
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        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-22</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>VICI Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Videotron Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Videotron Ltd.</name>
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        <name>Virginia Power Fuel Securitization LLC</name>
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        <name>Vodafone Group plc</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Vornado Realty LP</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>WSP Global, Inc.</name>
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          <maturityDt>2036-09-18</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-24</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-25</maturityDt>
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        <name>Wells Fargo &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Western Midstream Operating LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westinghouse Air Brake Technologies Corp.</name>
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        <name>Wynn Macau Ltd.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>Mong Duong Finance Holdings BV</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adani Transmission Step-One Ltd.</name>
        <lei>335800Z8CGS7O7D72N41</lei>
        <title>Adani Transmission Step-One Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2080214864"/>
        </identifiers>
        <balance>4357370.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3894916.48000000</valUSD>
        <pctVal>0.089431061370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Hapoalim BM</name>
        <lei>B6ARUI4946ST4S7WOU88</lei>
        <title>Bank Hapoalim BM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0012343849"/>
        </identifiers>
        <balance>20030000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19674329.49000000</valUSD>
        <pctVal>0.451741693842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.72200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MC Brazil Downstream Trading SARL</name>
        <lei>213800T2A7R9TYNXZI63</lei>
        <title>MC Brazil Downstream Trading SARL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USL626A6AA24"/>
        </identifiers>
        <balance>10135829.05700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9969398.74000000</valUSD>
        <pctVal>0.228907067744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="EUR"/>
        </identifiers>
        <balance>0.01000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.86718987"/>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000000229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5 Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="FVU6COS"/>
          <other otherDesc="Future Ticker" value="FVU6 Comdty"/>
        </identifiers>
        <balance>-646.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>470335.93000000</valUSD>
        <pctVal>0.010799369289</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury 5 Year Note</issueTitle>
                <identifiers>
                  <ticker value="FVU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>-68460859.70000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>470335.93000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 2 Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="TUU6COM"/>
          <other otherDesc="Future Ticker" value="TUU6 Comdty"/>
        </identifiers>
        <balance>750.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-505435.46000000</valUSD>
        <pctVal>-0.01160528855</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury 2 Year Note</issueTitle>
                <identifiers>
                  <ticker value="TUU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-30</expDate>
            <notionalAmt>154207032.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-505435.46000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Long Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="USU6COM"/>
          <other otherDesc="Future Ticker" value="USU6 Comdty"/>
        </identifiers>
        <balance>1072.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2572221.12000000</valUSD>
        <pctVal>-0.05906069257</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury Long Bond</issueTitle>
                <identifiers>
                  <ticker value="USU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-21</expDate>
            <notionalAmt>116111000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2572221.12000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Ultra Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="UXYU6CM"/>
          <other otherDesc="Future Ticker" value="UXYU6 Comdty"/>
        </identifiers>
        <balance>-1115.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1499985.33000000</valUSD>
        <pctVal>0.034441118517</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury 10 Year Ultra Note</issueTitle>
                <identifiers>
                  <ticker value="UXYU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-21</expDate>
            <notionalAmt>-122318984.38000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1499985.33000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNU6COM"/>
          <other otherDesc="Future Ticker" value="WNU6 Comdty"/>
        </identifiers>
        <balance>673.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2088076.72000000</valUSD>
        <pctVal>-0.04794426741</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury Ultra Bond</issueTitle>
                <identifiers>
                  <ticker value="WNU6 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-21</expDate>
            <notionalAmt>73819687.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2088076.72000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="All applicable monthly total returns are reported excluding any sales loads or redemption fees for Item B.5." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Series Trust IX</ncom:nameOfApplicant>
      <ncom:signature>James Byrne</ncom:signature>
      <ncom:signerName>James Byrne</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
