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        <name>CREDIT INDUSTRIEL ET COMME</name>
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        <name>Citigroup Global Markets Inc.</name>
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        <name>SVENSKA HANDELSBANKEN NY</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS PRIME BROKERAGE INC.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SKANDINAV ENSKILDA BK NY</name>
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        <cusip>83050PES4</cusip>
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        <curCd>USD</curCd>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-10-05</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUMITOMO MITSUI BANK NY</name>
        <lei>5U0XI89JRFVHWIBS4F54</lei>
        <title>Sumitomo Mitsui Banking Corp/New York</title>
        <cusip>86565BDM0</cusip>
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          <isin value="US86565BDM00"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15002897.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.17000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANK PLC</name>
        <lei>H7FNTJ4851HG0EXQ1Z70</lei>
        <title>Lloyds Bank PLC</title>
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          <other otherDesc="CUSIP" value="53944TAL8"/>
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        <balance>185000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.95000000</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>CATHOLIC HLTH INTS</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CATHOLIC HLTH INTS</title>
        <cusip>14918EHD6</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="14918EHD6"/>
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        <balance>23291000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23134950.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83368YEE3</cusip>
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          <other otherDesc="CUSIP" value="83368YEE3"/>
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        <balance>165000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165000000.00000000</valUSD>
        <pctVal>1.362814356171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.14000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIZUHO BANK LTD. TD - 01Apr20</name>
        <lei>RB0PEZSDGCO3JS6CEU02</lei>
        <title>MIZUHO BANK LTD. TD - 01Apr20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="ATD0YCUA4"/>
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        <balance>480000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>480000000.00000000</valUSD>
        <pctVal>3.964550854317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC</title>
        <cusip>0020A2MJ8</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="0020A2MJ8"/>
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        <balance>150000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148423125.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS PRIME BROKERAGE INC.</name>
        <lei>7VHWWWW4UJS7NUM3PT30</lei>
        <title>BNP PARIBAS:0.000 31DEC2050 REPO - 31Dec50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="ARP0L7D68"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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          <maturityDt>2020-06-22</maturityDt>
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            <repurchaseCollateral>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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      <invstOrSec>
        <name>QATAR NATIONAL BANK SAQ, GROSV 06/20 0</name>
        <lei>N/A</lei>
        <title>QATAR NATIONAL BANK SAQ, GROSV 06/20 0</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2091206826"/>
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        <balance>110000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109564975.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREDIT AGRICOLE CIB NY</name>
        <lei>1VUV7VQFKUOQSJ21A208</lei>
        <title>Credit Agricole Corporate and Investment Bank/New York</title>
        <cusip>22532XJR0</cusip>
        <identifiers>
          <isin value="US22532XJR08"/>
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        <balance>23164000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23179327.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.12000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUMITOMO MITSUI BANK NY</name>
        <lei>5U0XI89JRFVHWIBS4F54</lei>
        <title>Sumitomo Mitsui Banking Corp/New York</title>
        <cusip>86565BLD1</cusip>
        <identifiers>
          <isin value="US86565BLD19"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30029642.88000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.11000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RECKITT BENCKISER TREAS</name>
        <lei>213800LAXWIUOOBZ3908</lei>
        <title>RECKITT BENCKISER TREAS</title>
        <cusip>7562E0GX8</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="7562E0GX8"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39670611.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG LONDON</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG LONDON</title>
        <cusip>90276JHJ8</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="90276JHJ8"/>
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        <balance>220000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220000000.00000000</valUSD>
        <pctVal>1.817085808228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.21000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WALGREENS BOOTS</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>WALGREENS BOOTS</title>
        <cusip>93142WDH3</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="93142WDH3"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24976333.33000000</valUSD>
        <pctVal>0.206291549252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNZ INTNL FDG LTD</name>
        <lei>549300HVMZ89HDMELW08</lei>
        <title>BNZ INTNL FDG LTD</title>
        <cusip>0556X4GK6</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="0556X4GK6"/>
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        <balance>75000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75000000.00000000</valUSD>
        <pctVal>0.619461070987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS AG LONDON</name>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-18</maturityDt>
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      <invstOrSec>
        <name>BANK OF AMERICA MERRILL LYNCH SECUR INC</name>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <securityLending>
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      <invstOrSec>
        <name>LLOYDS BANK PLC</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT</name>
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        <curCd>USD</curCd>
        <valUSD>133004713.22000000</valUSD>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-06</maturityDt>
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      <invstOrSec>
        <name>CREDIT AGRICOLE CIB NY</name>
        <lei>1VUV7VQFKUOQSJ21A208</lei>
        <title>Credit Agricole Corporate and Investment Bank/New York</title>
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        <valUSD>80042880.00000000</valUSD>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-25</maturityDt>
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      <invstOrSec>
        <name>MACQUARIE BANK LIMITED</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MACQUARIE BANK LIMITED</title>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BNZ INTNL FDG LTD</name>
        <lei>549300HVMZ89HDMELW08</lei>
        <title>BNZ INTNL FDG LTD</title>
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        <curCd>USD</curCd>
        <valUSD>198000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.16000000</annualizedRt>
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      <invstOrSec>
        <name>COLLATERALIZED CP FLEX</name>
        <lei>N/A</lei>
        <title>COLLATERALIZED CP FLEX</title>
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        <identifiers>
          <other otherDesc="CUSIP" value="19423JKE6"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24727777.78000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>PRUDENTIAL FINCL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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          <other otherDesc="CUSIP" value="74432JD16"/>
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        <curCd>USD</curCd>
        <valUSD>400000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>QATAR NATIONAL BANK SAQ, GRO</name>
        <lei>N/A</lei>
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          <isin value="XS2099836210"/>
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        <balance>200000000.00000000</balance>
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        <valUSD>196528509.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-04</maturityDt>
          <couponKind>None</couponKind>
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        <name>CREDIT SUISSE NEW YORK</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>Credit Suisse AG/New York NY</title>
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          <isin value="US22549LV367"/>
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        <curCd>USD</curCd>
        <valUSD>300000000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
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        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/NY</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.08000000</annualizedRt>
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        <name>STARBUCKS CORPORATION</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORPORATION</title>
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        <valUSD>14970000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>HSBC Bank PLC</title>
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        <balance>178000000.00000000</balance>
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        <valUSD>178000000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.15000000</annualizedRt>
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        <name>SVENSKA HANDELSBANKEN NY</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken/New York NY</title>
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          <isin value="US86959RBU32"/>
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        <curCd>USD</curCd>
        <valUSD>199840604.65000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-28</maturityDt>
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          <annualizedRt>1.18000000</annualizedRt>
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        <securityLending>
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        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>HSBC Bank PLC</title>
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        <curCd>USD</curCd>
        <valUSD>195000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-06</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CREDIT INDUSTRIEL ET COMMERC</name>
        <lei>N/A</lei>
        <title>CREDIT INDUSTRIEL ET COMMERC 01/21 0</title>
        <cusip>000000000</cusip>
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          <isin value="XS2102401010"/>
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        <balance>200000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-14</maturityDt>
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      <invstOrSec>
        <name>BNZ INTNL FDG LTD</name>
        <lei>549300HVMZ89HDMELW08</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MIZUHO BANK LTD/NY</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-15</maturityDt>
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      <invstOrSec>
        <name>CREDIT SUISSE NEW YORK</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
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          <isin value="US22549LE686"/>
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        <valUSD>150000000.00000000</valUSD>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-25</maturityDt>
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          <annualizedRt>0.46000000</annualizedRt>
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      <invstOrSec>
        <name>FIRST ABU DHABI BK USA</name>
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          <isin value="US31851XCT72"/>
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        <curCd>USD</curCd>
        <valUSD>250000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-21</maturityDt>
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          <annualizedRt>2.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RECKITT BENCKISER TREAS</name>
        <lei>213800LAXWIUOOBZ3908</lei>
        <title>RECKITT BENCKISER TREAS</title>
        <cusip>7562E0JE7</cusip>
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          <other otherDesc="CUSIP" value="7562E0JE7"/>
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        <balance>25000000.00000000</balance>
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        <valUSD>24787888.89000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-14</maturityDt>
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        <name>RECKITT BENCKISER TREAS</name>
        <lei>213800LAXWIUOOBZ3908</lei>
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        <balance>38000000.00000000</balance>
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        <valUSD>37747665.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-07</maturityDt>
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      <invstOrSec>
        <name>BNZ INTERNATIONAL FNDNG</name>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RECKITT BENCKISER TREAS</name>
        <lei>213800LAXWIUOOBZ3908</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <title>Credit Agricole Corporate and Investment Bank/New York</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-24</maturityDt>
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          <annualizedRt>1.60000000</annualizedRt>
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      <invstOrSec>
        <name>LLOYDS BANK PLC</name>
        <lei>H7FNTJ4851HG0EXQ1Z70</lei>
        <title>Lloyds Bank PLC</title>
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        <curCd>USD</curCd>
        <valUSD>335000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>UBS AG LONDON</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG LONDON</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.27000000</annualizedRt>
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        <name>ING (US) FUNDING LLC</name>
        <lei>N/A</lei>
        <title>ING US Funding LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SKANDINAV ENSKILDA BK NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP PARIBAS PRIME BROKERAGE INC.</name>
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      <invstOrSec>
        <name>QATAR NATIONAL BANK SAQ, GROSV 09/20 0</name>
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        <balance>250000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-04-21</ncom:dateSigned>
      <ncom:nameOfApplicant>MORGAN STANLEY INSTITUTIONAL FUND TRUST</ncom:nameOfApplicant>
      <ncom:signature>Francis Smith</ncom:signature>
      <ncom:signerName>Francis Smith</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
